The Birmingham age-herald., 1907-12-27
institutions In New York Weather
 the Storms Well
TRUST COMPANIES SOL|B
Statements Made in Response To Gall Show That Banks and Trust Companies Are in Better
 Condition Than Ever.

New York, December 26-Under call of the state banking department for reports of condition on December 19, 21 trust com- panies and 29 state banks of Greater New York have filed their formal statements In detail While the effects of the recent storm are plainly evident, especially Tn regard to those few institutions against whom the attack seemed most direct, the statements as whole bear testimony of the quick recovery generally made, and the unwaverlng confidence of the great body of depositors. The reports also show that certain of the state banks of New York city did their share toward re- lieving the financial situation in other cities. They accomplished this by ac- cepting from the local national banks a large quantity or clearing house certif- cates, leaving the national banks in a position to employ their cash in relief of customers and correspondents in the in- terior The 29 state banks of New York, Brooklyn and the other boroughs of Greater New York which have so far reported. show aggregate deposits of $225,- 0O0,000.
 Of this enormous sum, the net loss in withdrawals since August 22 last amount ed to only $3056,117. The losses were dis tributed among IS of the banks, with the total withdrawals of $13,025,7 ,761, while Il banks showed an aggregate gain of $l0- S69, GA
 Allowing for all withdrawals and the purchase of clearing house certificates, which are now held as collateral, the state banks indicated their prosperous condi- tion by maintaining cash reserves in some instances far in excess of the 15 per cent required by state laws.
 The official statements of the trust companies of Greater New York are filled with the greatest interest These institu- tions were forced to bear the brunt of the financial storm which broke with the sus- pension of the Knickerbocker Trust com pany. The 21 companies which have thus far reported show falli, off Ff deposits from 27s,o56.S0o on August 12 fast to s190, 256500 on December 19 The loss of deposits was accompanied by the calling in of loans, the reduction in the latter instance amounting to SIS. 900 900. The mar ket values of stocks, etc, show a decline of about $2000 GOO. In specie the 21 trust companies show loss of less than $2000,- 900, while in legal tender and bank notes held in reserve they show an increase of nearly $1,0O0,00. The trust companies all were put to severe test, but their busi- ness affairs according to the reports now
 
 many of the officers claim they are in a better position today than ever before.
 The report of the Trust Company of America, which withheld run of many days, was awaited with much interest. It shows net decline in cash reserve of less than l per cent since August 1. The cash reserve now on hand is s3,354,22a a percentage of 16.77 as against the legal requirement.
 
 This showing of the company Is made despite the fact that during the run it paid out more than $5O,000, ,0O0, part of which came from the S20, 100000 fund turned over to the institution by the com mittee of trust companles which came 10 the relief of the Trust Company of America when it was most in need The total amount of deposits now on the companys books is s20, 193, 402. as shown by the December statement.