The St. Louis Republic., 1903-10-04
STATEMENT OF Associated BANks
Loans and Deposits Have Each De-
creased More Than s4,OOO,OOO.

New York, oct. 2-The statement Of av-
erages Of the associated banks OF this city
for the week shows:
Deposits. SS97. n go. decrease. A,l59,s0O
Circulation. Si5.6l4.700. decrease. 81. 800.
Legal tenders. SO. Ia 100; decrease, SlO5l'-
Specie. Ns7. as 900; decrease. saT. .4OQ.
Reserve, S2gS "a. .l00. decrease. A.boi,JCO-
Reserve required, $224,9o5.50O. decrease,
Surplus. s1ass7.5OO: decrease, sss1. 500.
TX United States deposits. zS,l5s''u0' de-
crease. N.lSa.sOo.
The striking feature Of the Official state
ment Of the New York Associated Banks
last week was the decrease Of 81. .50O In
cash. instead Of an increase OF 81 tsSooO, as
was estimated from the traceable move
ments OF money during the week : II Is
difficult TO explain tO-day's discrepancy
between the OtnCial loss and the estimated
gain upon the theory OF averages, for in
the previous week there was more or
less important difference. which II would
seem would have been corrected By the
large payments by the banks into the sub
treasury in the closing days OF the bank
week for account Of Institutions retiring
circulation. and this may, In part. account
for the discrepancy.
The loans were decreased S414i.60O dur
ing the week but this was expected. as
the result OF the somewhat violent tquid-
alton in the stock market early in the
week and also of the operations incident
to the OCTOBER settlements. Inc deposits
were decreased A13OS0O. whereas the re-
duction in loans and the loss OF cash to-
gether called for a decrease Of $50 100
therefore, the statement does not balance
by d.61S, 300 II nay be noted that the
balance was probably somewhat deranged,
as was expected by the changes incident
to the merger OF the Western National
Bank Of the United States with the Ma
tional Bank OF Commerce. which Will
become effective on Monday OF the cur
rent week: the increased S25.O00.0o0 Of cap
itai and sl5Ooo.O0o Of surplus OF the Bank
statement TO be issued on Saturday, Octo-
Der 10. while the Western National Bank
OF the United States will then disappear
from the list OF the New York associated
banks
The required reserve was reduced s.. 1.O52-
100 through the decrease in deposits. which
sum deducted from the loss OF cash leaves
500 as the decrease in surplus reserve.
making this item SIS sSI. 800. Computed
upon the basis Of deposits. less those OF
S5ssos. 500 public funds. the surplus Is a..
159. 100. The Government deposits were re-
duced. compared with those OF the pre-
vious week. by S2.324. 900. probably because
OF distribution TO some OF the interior
banks.
The loans exceeded the deposits by a5.-
sS3.7O0 against S15.7o2500 IN the previous
week. The average daily clearings OF the
banks were f2l1 900 coo. against Si76.0o0O00
IN the week ending September IS: the gain
was in great part due to the changes re-
culation showed the comparatively unim-
portant decrease Of Sli. 500. Comparisons
OF changes IN loans show that three banks
reduced this item by ss.5ooooo net. the
Bank OF Commerce. Influenced BY prepara-
tions for the merger above noted. The cash
changes by four banks show a net gain OF
s50OOoo.