The morning journal-courier., 1907-12-27
PUBLIC REGAINS
 FAITH IN BANKS Mid December Reports of 30 New York City Institutions p' Show the General
 m Recovery,
REPORT ON PAST 4 MONTHS
Shows Aid Rendered by State Institu tions to National Banks-Trust
 Companies Condition N @ Excellent.

New York, Dec. 26.-Under call oI the state banking department for re- z ports of condition on December 1s, twenty-one trust companies and twen- ty-nine state banks of Greater New York have filed their formal state- ments. While the effects of the recent storm are plainly evident, especially in i regard to the few institutions against which the attack seemed most directed the statements as a whole bear testl- unony to the general recovery and the unwavering confidence of the great body of depositors, The reports also show that certain state banks in New York city did their share toward reiev- ing the financial situation in other clt-iI les. They accomplished this by accept ing from the local national banks large quantity of clearing house certi- ficates, leaving the national banks In position to employ their cash in relief of customers and correspondents in the interior.
 The twc Ity-nine state banks of New York, B Soklyn and the other borough of Greater New York which have so far reported, show aggregate deposits of s225, ,Ooo, not including amounts due to other banks and trust compan- les. Of this enormous sum the net loss In withdrawals since August 22 last amounted to only $S,05S117 The losses were distributed among eighteen of the banks. with total withdrawals of $lS,- s25,761 while eleven banks showed an aggregate gain of $1o,S6s,644
 The New York city banks under state Jurisdiction further helped the general financial situation by paying back to- national banks much of the money on deposit by the latter institutions. Eff teen of the state banks show heavy de- creases In the amounts due to other banks Allowing for all withdrawals and the purchase of clearing house cer- tificates which are now held as coIt lateral, the state banks indicated their prosperous condition by maintaining cash reserves In some instances far in excess of the 15 per cent. required by state laws. One of the largest holders of the certificates shows 8 reserve of 24 per cent.
 Only one state bank took advantage of its membership in the clearing house association to issue certificates, which are now outstanding as a liability item of s520,000. Nine of the state banks hold clearing house certificates to the ex- tent of $7,100,000, Loans and discounts tn r,n eli fnf7 fr 1g of the banks, while the values o1 stocks, bonds, mortgages, etc, as ar item of resource also show a genera shrinkage A majority of the banks specie, which attained a. wider circu lation in New York during the financia crisis than for many years past. Th' official statements of the trust com panies of Greater New York art fraught with perhaps the greatest in terest, these institutions being forced to bear the brunt of the financial storn which broke with the suspension of tn Knickerbocker Trust company The companies which have thus far report ed shows falling off in deposits at fror \ $278 ,056, 300 on August 22 last to $190, 256,500 on December. The loss in de posits was accompanied by calling i \ of loans, the reduction in this respec amounting to $7S000,000 The rnarke values of stocks, etc., show a deelin # Of about $2o,00O00o. In specie the % trust companies show a loss of le' than $2,00O,00O, while in legal tender and bank notes, held as reserve, the show an increase of nearly $1000,O0 The trust companies were all put to severe test, but their business affair according to the reports now submi ted. have been so adjusted that maI of the officers claim they are in be ter position to-day than ever before.
 The report of the Trust Company
 America, which withstood a run |E many days, was awaited with mu s interest It shows net decline Z cash reserve of less than 1 per eel since August last The cash reser of the company now on hand is 5
 354.223-a percentage of 1871,
 against the legal i 5 per cent requil n7ent The reserve of the conpa last August was something more tn Na S11 coo 900, or 17.52 per cent. of
 deposits. The capital of the Tri Company of America, as with all ] other companies submitting repol
 remains unimpaired This showi of the company is made despite fact that during the run it paid { l soore than $50,000.oOO Part of t
 same from the $2o,oO,OOo fund tn
 d over to the institution by the co
 nittee of trust companies which ca
 o the relief of the Trust Company
 merica when it was most in ne
 The total amount of deposits now
 he company's books is s20,1s3, 402,
 hoyn by the December statemt
 he company's surplus on Decem
 was $7,1e,1S4. The amount
 other trust companies was redu
 ,lring the run from the August
 res of nearly $4.000, 900 to less u 5. e0O, 900. Loans to directors, WI
 x months ago amounted to $S,5
 Do. do not appear in the Decem
 atement, all directors having
 during the crisis.
 Thirteen trust companies contril
 to the Associated Trust Comp
 indp whtcn was raised to aid " npanies during the financial flu
 largest contributors were :. sited States Trust, the Central IT
 Manhattan Trust, the New ! ist and the Equitable. The f o,,,,4ad +o S7 61a 700.