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At present, 124 state savings and foreign banks and trust companies are operating in the state. But one has failed since June 30. For the nize same period. national banks in Oregon have dropped from 91 to 88. The drop of three was caused by failure and two consolidations. Twenty state banks are now in process of liquidation, many of the failures having occurred in At the beginning of this year, 17 were in liquidation. Affairs of the Sheridan state were September Liquidation of the Bank of Commerce of Oregon City was completed by consolidation with the Bank of Oregon City August 31. Five of the closures have ocurred since January Three state banks have consoli dated with other institutions since the first of the year. Consolidations of existing banks are favored by Schramm, superintendent of the department. school "An unprofitable bank should not continue in business because menace society and the integrity of tatives. Schramm Oregon is declining constantly in number of banking institutions. In 1927. were 158 state banks, 150 in but 142 in and 135 in 1930 National banks numbered 95 in 1927. then stayed constant at 94 until this year. Cities and towns in Oregon having total deposits of $500,000 or more according to records compiled to July numbered 48. Portland was the first with 23 banks reporting deposits of $167.Astoria with three banks had posits totaling Time and savings deposits in Ore gon banks have increased since 1910 when $23,590.91 were entered to $128,311,117.91 at beginning of this year. On June 30. 1931. the deposits had declined to