The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-02-07
STATEMENT OF BANK AVERAGES.
Loans Close to Billion-Bollar Mark,
and Deposits Still Higher.

and Deposits Still Higher.
New York. Feb. 6.-The statement of
averages of the clearinghouse banks of
this city for the week shows:
Loans, $685., $50, 800: increase. 1925, 700.
Deposits. s1,027, 156, 500; increase. $3.2l270
Circulation, $41, 500. 400, decrease, s1,22e.-
600.
Legal tenders, 81, Ss5, 900; decrease. s.
I e,5OO.
Specie. sos .966, 900; increase. s4ss, 400.
Reserve, S27S, 631 800; decrease, 81, 49,, 100.
Reserve required, s25S. 7s9, Us; increase.
Surplus. s21. SAP, IT'S; decrease. s. 2ss. 275.
Elk United States deposits, 81 ,066, 100; de-
crease, 3.2S7. 200.
The Financier this week says:
The prominent features Of the official
statement of the New York Associated
Banks last week were increases to new
high records in loans and in deposits and
an important reduction In cash holdings.
resulting in a decrease in the surplus re-
serve.
has been the case in previous weeks. due
chiefly to corporation and stock exchange
loaning, though 1t would appear that the
former was quite moderate. The Increase
puneion since January 2, so. 80, 800 to $685.
sex 500. or within s1.149,2O Of the billion
dollar mark.
makes the new high record of s1.027. 156, 500.
The gain since January 2 has been $l4O.-
Ss7, 600. The cash showed a net reduction
of s., 4S3, 100. legal tenders falling of $2.372,-
500 and specie increasing $4S9. 400. whereas
the estimates. which were based upon the
traceable movements of money during the
week indicated a gain in cash OF 81, 264. 90.
The discrepancy between the estimated
gain and the loss. as recorded by the bank
statement was probably due to ~unreported
the bringing over into last week the four
days average of the 81 500. go payment in
the previous week of the Central Pacific
note. The increase Of 1912 100 In deposits
caused an augmentation of 1903 It's in the
required reserve. which sum added to the
net loss of cash made a decrease of s., 1885,
275 in surplus reserve to s2l .s42. 775. Calcu-
lated upon the basis of deposits. less those
of $50. S93. 800 of public funds. the surplus is
$31. O66. 100. The circulation decreased by
the somewhat important amount of 1.22s,
GOO. making a reduction in this item for the
fortnight of 81, 631. 800.
1t is noteworthy that, whereas recent
statements have shown a good proof. last
weeks return failed to prove. by 81 .3l9. 100.
the increase in deposits being greater by
this amount than the sum of the gain in
loans, less the net loss of cash. The de-
by SIS. 3O5. 200. against s2s. 391. 700 In the pre-
vious week. The daily average of clear
ings was sos. 10000. a decrease of 5000
G05 compared with the week ending Janu-
airy 30. rejecting a reduced volume of
speculation on the stock exchange, the
ciearings on Saturday resulting from Fri
days business were Sl94.Ul AIS, or Sl4,OO0.C0
below the average.
The change in public deposits. compared
with the previous week, was very small.
there being a decrease of only s.. 700. .indi-
eating that the New York banks have not
begun to surrender their deposits in anti
cipation of the Treasury call. Possibly
next weeks statement will show marked
changes in this item. provided the ex-
Comparisons of changes in loans showed
that five or the larger n reduced this
item by 100000 net. two of these institu-
lions indicated an increase of $500, coo.
The changes in cash showed a net loss of
81. 100000. One bank indicated a decrease
of SIS, SOC, 900, and two a gain of I, 900.