Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-11-01
80 sTATEMENT.

The weekly tatem3nt OF the Associated
Banks shows the following changes:
Reserve. increase. $500 325: loans, de-
crease. 50 $500; specie. Increase $3.50.
500; legal tenders, decrease; $152.700; de-
posts. decrease, S2O1&so; circulation,
decrease. $3.50.
The banks now hold ST. H3, 325 IN ex-
cess OF legal requirements.
The New York Financier this week
says: The statement Of the Associated
Banks Of New York for the week end
ing October Dist shows that the position
Of the institutions. a. q whole. Is better
than IL was one week ago. they have
increased their cash holding by $780,
60 and their surplus reserve S2.52,35,
bringing the excess cash I'm banks to
ST. 49, %. which is higher than IL has
been since August 1st last From a
banking standpoint, this indicates the
result Of the conservatism which has
been a leading characteristic Of the situ-
alton for some time past although the
statement does not take into account the
heavy loans which were made Friday
last during the furry In the call mar
ket.
The large Increase I'm specie-the total
footing up S2JE. S0-Was a surprise. Two
Of tho larger banks seem TO have alb
sorbei Si.75)OlO of this gold the remain
the
banks "a small amounts. The decrease
Of $3.50 f0) IN loans brings the total TO
within about 100000 OF the lowest mark
Of the present year, -bruary Sth, just
before the last bond ssue-and probably
reflects the closing Of the money bor-
rOwed on gold-irnport account. But the
decrease represents also the preparation
for payment OF dividends maturing this
week In fact the decrease in the loans
OF the Importers and Traders National,
the principal municipal depository bank,
was about 81 5000oO. made evidently to
meet city bonds maturing this month.
| The actual loans Of the banks are pro-
| baby larger at the present time than tho
statement indicates. The fall IN call
money rates seems 10 show this clearly.
The decrease IN deposits was 2O36 $40,
and was the logical result Of the opera
lions already described. The movement
| TO the interior was very light during
| the week AMI the losses We're mainly
! TO the Treasury. Tho legal tenders so
/ lost. however. were partially Offset by
the release OF funds held by importers
/ against gold already engaged. An in
| teresting point IS the continued decrease
/ I'm circulation, which shows that the
! heavy volume put out by the banks du-
/ ring the past several months Is being
retired as II returns to this centre. The
| circulation item VIII probably continue
/ 10 contract from this time out. as the
/ currency movement turns I'm favor Of
| New York Eleven national banks, ac-
/ cording 20 the current statement. are
under the required . per cent. reserve.
COMPARATIVE STATEMENT.
The averages show the following, com.
pared with the last two years:
Oc 81. SO. No. 2, '95 No. :. '9i
Loans . $40 ga. 30 800 Gsl. 800 $50 500. O0
| Specie .. G2,TslO0 6i20S. so SO, 755. 60,
| Legal ten
! ders e. e6.2s6eOo S.s51.2oO uS.22i9C
| Net depO-
sits =. -. H646,9)O J2s 100 5951Oi. 9O
| Circula
! ton .. .. ~, 4tJ,tJ0 H. lo2UOO u5lI 3s
| Total re-
serve o. 129O747oo 100000 nlsN.5t
! Reserve re
quired 90. 111.sn.475 1s2.le5eOo 1876. 22t
| Excess Of re-
serve. e.. 1895 17.59A4OO s3.2Ol27l