Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-04
Comptroller Of Currency Wants
To Know What it Was at Close
Ut Business December 3.
SHOW CASH RESERVES LARGE
Such Belief in New York and VIII
Rapidly Restore Confidence and
Currency Payments.

Washington. Dec. The comptroller
of the currency today issued "a call for
a statement Of the condition of ma
uonal banks at the close OF business
Dec. 3. The following telegram was
today forwarded to the managers of all
clearing houses by Mr.. Ridgley the
comptroller of the currency:
Report of conditions called for
Tuesday, Dec 3.-Insuruct all clearing
house banks TO report clearing house
certificates ass follows.
con face of report, below item 10.
under resources or below item %. un-
der liabilities, as clearing house ac-
counts of net balances ON back OF
report below item 10 I'm schedule OF
loans and discounts show total
amount of clearing house Of loans and
discounts show total amount of clear
ing house certificates taken out by the
reporting bank and the total amount
ON hand
WILL HAVE GOOD EFFECT
New York Dec 4-Tho call for
statement of the condition of the ma
toual banks was not unexpected IN
financial circles here. only four OF
the nye required by law had been made
end in the course OF events it was an
could not Doe much longer delayed. II
f. felt here that 10 viii exercise a
beneficial effect on the situation mas
much as tEc banks customarily try TO
prepare Tor a call boy increasing their
cash and when the call has been made
this cash is automatically released, The
belief also prevails that the statement
resulting from the call viii show that
cash reserves of The country banks are
very large and that when this fact be-
comes pubic 10 will tend TO rapidly re-
store confidence among depositors and
thus hasten the resumption Of cur
roncy payments.
CHICAGO BANKS STRONG.
Chicago, Dec. Cash I'm vaults Of
Chicago banks today approximate $780,
600 900. SlOO0 100000 Of which Is IN the
saving banks and the remainder Ia
the national institutions. Never I'm the
history Of Chicago banks has the actual
money IN hand been so large as IL Is at
present Reserves are wen above the
p per cent of deposits as required by
IN national banking law.
These facts were brought out today
when Comptroller OF the currency ftiSi-
ley received a statement from Uational
banks throughout the country
Virtually every national bank shO-s
ed today a heavy increase IN the
amount Of money ready at the call Of
depositors. the gains ranging from SiO.-
600 600 for the smallest 20 $4,000. 900. The
total amount which these banks held
on Aug IS, when the last call was
made by the comptroller was SIPS 452.-
062. Today the sum is not far from
$500 600 600 which. with that held by the
savings banks and trust companies
makes a total Of s30oOO0,OOO.
s. +. BANKS IN GOOD SHAPE.
san Francisco, Cal. Dec. 4-Homer
s. King, president Of the San Francisco
clearing house, said today that ali the
banks In this association are IN good
shape Since the financial stringencv
began, they have been building no
their reserves until AL normal and I'M
q rev cases above the requirements.
Business is improving every day ana
tho issuance Of drafts against shin
ments Of fruit and grain. which for a
time was suspended. has been resumed.
The call for a statement Of their com
oition was expected 10y the banks. and
replies viii be promptly made Mr..
King could give no estimate OF the
amount OF money I'm the national
banks, as only seven OF the rs In This
city are members Of the clearing house.