The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-17
The Bank Statement.

New York. Nov. 16.-The statement
of clearing house banks for the week
shows that the banks hold S53, 666, $50
less than the requirements of the %
per cent reserve rule. This is a de-
crease OF 81, 7i2. 325 IN the proportionate
cash reserves as compared with last
week. The statement follows:
Loans, 81 1872, o10, 400; increase, 1854
600.
Deposits. $1.Oss. 1903. 900; increase. ST.
425. 700.
Circulation, s5,,s444OO; increase, ST.
Legal tenders, s4S,s11. 100; decrease,
$771. 800.
Specie, s17.347. 800: decrease. s364,1O0.
Reserve, $21S, 659, 900; decrease, $1,135,-
800.
Reserve required. s272. 1926. $50; In
crease, s606, 425.
Deficit, So, 1866, $50; increase, s1,742. 325.
Ex-U. S. deposits, $50, 576, 375; increase,
S1.924.SO0.
The Financier will say tomorrow:
Last weeks official statement of the
New York associated banks showed
comparatively small changes in the
various items of loan, specie, legal ten
ders and deposits the reserve on all
deposits was decreased $1,75O, 900, while
OF public funds was reduced nearly
s., 900, 900. One feature of the state
ment was a gain of 100000 in circu-
lation, public deposits decreased about
$3.50. 900. The increase in loans, which
in the previous week was SIS, 500 900,
was last week s4,694,000 the decrease in
cash In the week of November 8 was
81, S33, 000 last week it was $1,135, 600.
General deposits, which in the previous
week increased SIS. 900. 600, showed a
gain last week of but 81, 425, 200. The
required reserve in the week Of No
vember 8 increased $3.50, 600; last week
the gain was $500, 405. The decrease in
reserve against all deposits in the pre-
vious week was s13.000,0 900; last week
is was S1,742, S25. The deficiency in re-
serve in the week ending November 8
was nearly So, 600 900; last week it was
S5S. $50. The deficiency in the previ-
Gus week is computed upon the basis OF
deposits, less those of public funds, was
s3S. 667. 600: such deficiency last week
was S35. 576375. AS was the case in the
week of November in the statement
was made up on rising averages for
cash, the arrivals of gold from abroad
counted for the entire amount OF 3d.
500, 900, but very large sums were sent
to the interior. Next week a consid-
cradle portion of the gold now afloat
will have been received at this port.
The percentage of reserve to general
deposits was this week pol per cent, a
decrease of one-tenth of per cent from
the previous week: the percentage Of
reserve to deposits less those OF public
funds was last week 21.4, a decrease of
four-tenths of 1 per cent from the pre-
vious week.
The statement OF the New York as
ISOLATED banks for the week ending
July 1, 1S93-the third week following
the issue of clearing house loan certt-
ficates-showed contraction, compared
with the previous week, of s1,027, 200 In
loans to s405, O00, 900; a net loss in cash
of IS, PSI 500 to 500. go, 600; a decrease in
the deposits OF only $4,000 to $685.. O00.-
900. and a reduction of 81, 230, $50 in re-
serve TO $751; 25 surplus. The total
issues of clearing house loan certifi-
Gates were officially reported at sls.-
500. 900, money at call rose to rs per
cent, when the tension was relieved
by an issue of sS.OOO.Oo0 in loan certii-
Gates.
1t is noteworthy that It was not until
the following week that the reserve was
reduced to deficiency; then such de-
ficiency was S5,S02,2 05.