Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-01
NEW YORK BANK STATEMENT

NEW YORK. November ao.-The state
ment of clearing house banks for the
week five days. shows that the banks
hold s52 $50. 425 less than the requirements
Of the % per cent reserve rule. This is
an increase of S1,114,1I5 in the proper
tionate cash reserve as compared with
last week. The statement follows:
Loans. 81 .19S. 07S, $50; increase, $l0,Os0,-
Zoe. Deposits. s1Os3, eS3 300: increase, 49,
90, 500. Circulation, $50, 1a9. 500: increase,
$2,s62, 400. Legal tenders. $H.276, 500: in.
crease, SOD. 500 Specie, S170. 600; In
creasep1, 755,50O. Reserve, $217, S31 400:
increase, S1,9S0,3OO. Reserve required,
$<7o $40. SOS; increase, ss66. 100. Deficit,
So. $50. 425: decrease, $1.114.175. Ex-United
States deposits. $1,000, 500; decrease. ST.
$3.50
Money on call nominal. Time loans
easier: sixty days, 10 to IL, and ninety
Close-Prime mercantile PAPER. 7aS per
cent; commercial bills, 4.s0a4.S0k: bar sill
yer, 57M: Mexican dollars, 45%. Govern
ment bonds steady. Railroad bonds strong
The Financier viii say this week:
The statement of the associated banks
of New York city for the week ending
November 80 was about as favorable as
had been anticipated, although the re-
serve deficit was reduced by over ST.
90 900, the present deficit standing at
With $54 .O00. 900 for the previous week
Taking out the public deposits of ST.
51af0Q, against which reserve is not le-
gafy necessary, although the clearing
house banks. carry. one, the banks are
short $50. $50. 800 of having % per cent
reserve against ordinary deposits. In
other words their reserve, excluding gov
ernment deposits, Is now 2.5 per cent a
0e1ciency of only 81 per cent below the
Legal % per cent. which. under the cir
cWnstances. must. be pronounced satis-
netory. particularly If it be remembered
that within the past few weeks the banks
81 this city have shipped over $4,000 600
q cash TO the interior. The feature of
the statement which excited some unfa-
vuFab.e comment was the increase of
$4,000 900 in loans, but ii Is quite likely
that this expansion was due to bond and
Treasury note subscriptions by the banks.
the latter sometimes carrying such items
- loans to the government. The gain
In cash OF approximately 81, 600 600 was
less than anticipated. and the averages
do not fully reflect the weeks recupera-
ten In this particular 1t Is worthy of
renark that government deposits In the
New York banks arose s.. 10000 which
WY nearly comedies with the increase of
t3.sH. 800 in all classes of deposits To
Put the matter In another way. the in
crease In deposits last week was due al
moss entirely to government transactions,
ordinary deposits standing stationary.
1he banks are increasing their circula-
f1oa regularly, the expansion for the week
~ ending having amounted to ST.
"a 100. Since October 10 last the Increase
In eircutatiQn by the banks Of this CITY
has been SIC. 5000 The statement was
computed on five days business on ac-
c0unt of the Intervening holiday. Ona
feature which the statement seems to re-
wal Is that the banks have made their
Worst exhibit. and that from now on
there Will be more or less rapid recovery.