The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-02-28
Tbe Bank Statement.

New York. Feb. 2Z-The statement of
averages of the clearing house banks Of
this city for the five days of this week
Loans. $3.50. zoe 100: decrease. 81 229. 700
Deposits. 81. OF s2sl. 800: decrease. st0j, 200.
Circulation. $lG.2f9. 800; decrease, Ss32..al0
Legal tenders, $7l5,71s.G increase. $751;
800.
Specie. S217. So. zoe: increase, $3.7l5O00.
Reserve, SIS. 130. 800; increase. s.. 1919
Reserve required, 56,sS0,100; decrease,
ST, 800.
Surplus. So. 150. 200; increase. s4,els,g0
Elk United States deposits, 81, S8o go;
increase $4.S34. 200.
The Financier says: One feature of the
official statement of the New York as
ISOLATED banks last week was the gain
of 81. 300 in cash, an amount SSIS, Go
greater than that which was estimated
from the traceabie movements OF money
during the week. and the total holdings
are now the highest ever reported. An
other feature was the high record for
specie holdings by the banks, these being
s2l,200,oeo larger than the highest preyi-
Gus amount. which was S193, so. 200 Feb. D.
1891. Still another feature was the new
high record for the year in surplus re-
serve. The discrepancy between the IN
crease IN cash as officially reported and
that which was estimated was Drosa DIV
due to the average for one day OF q
transfer hitler of S625. eco gold from San
Francisco on Friday, and also TO the re-
turn OF some Of the money which was
sent TO Baltimore a fortnight ago, which.
return movement was unrecorded in the
estimates.
The deposits were decreased by the
comparatively small sum of SOS, 800 and
the required reserve was thereby reduced
by. SZ6,309. This amount added 10 the in
crease in cash made A.64S 900 as the gain
IN surplus reserve to SO. I50.zg9. Comnut-
ed upon the basis Of deposits less those
of SIS, 1890 public funds. the surplus IS
Sfl,S4e,615. It is noteworthy that the gov
eminent deposits increased during the
week by $l6A 100 making s.. SOS 600 since
the first week IN February. rejecting the
concentration in the specially designated
repositories at New York of deposits
which have already been withdrawn from
the country institutions in anticipation Of
the call for the surrender of 20 per cent
Of the public funds Loans decreased 81
z29,s00 last week. making a reduction of
S3-55t.eV0 in the fortnight. indicating the
light inquiry for stock exchange require
ments and the partial satisfaction of the
demand from syndicate and corporation
borrowers. The circulation decreased
S53S8
The statement showed a good Droof.
the sum OF the decrease in loans and "a
deposits being SIS. 100 less than the in
crease IN cash The. daily average OF
cieaTiIlgs for the five days was SIS coo COO
or the same as for the six davs OF the
previous week. The ciearings on Satgr-
Gay, rejecting Fridays business were
SIG. 1881 or below the average. The
statement was made upon rising averages
for cash. and therefore this weeks re-
turn should show an increase IN this item
But with the inquiry for loans, small as
II Is now. and IS likely to be in the near
future, increases In cash tend TO inteusi-
~ the monetary congestion. Compare
sons OF changes IA loans show that six
the cash in eight banks Increased by 50
600 90 net.