The San Francisco call., 1908-03-29
Weekly Clearing House statement


NEW YORK, March 2s.-The statement of
-iearing house banks for the week shows that
die banks hold s3s 7s3 525 more than the re-
quirements of tae % per cent reserve rule. This
is an increase of 50 364 0I5 In the pToportionate
cash reserve compared with last week. The
statement follows:
Loans 81 IG4 53e. 700. increase 81, ,sS6. 100
Deposits S1.1s9. 49,. 300, increase 81, 7,25+.l00.
Circulation SCI .o42. 800. decrease S2Q2 700
Legal tenders SCI .912, 600. increase 1851 500
Specie $275. .21O 600 increase SO. go. 100.
Reserve S337. 122. 100. increase 50, 1T 800.
Reserve required $297, ,333, ,S75. increase s1,SiS.
Surplus $50. .7ss 525. increase $2,ss4.O75.
EX-Unlted States deposits s50,92l, 525, increase
$2.364 075.
The percentage of actual reserve of the clear
ing house banks at the close Of business yes
terday was IS 49, The statement of banks and
trust companies of greater New York not
bers of the clearing house shows that these in
stitutions have aggregate deposits of sI9e 10.
500 total cash hand. So1, ,:I39 200, and loans
amounting to $s12. 100.
The Financier says: There wide dis
crepaney in the report of averages of the New
York clearing house banks for the week ending
March IS. and the report of sctua business of
the same institutions at the close of business
Sa turdsy. the summary of averages indicating
gain of 81 900. 600 in cash and very
moderste expansion in loans. whereas the actual
condition of banks at the close of the week
and an increase of SIG, 500 in deposits. and
instead of q gain of several million dollars in
cash actual loss of $3.50. 300 this item.
The loss in cash is traceabe probably TO the
Item Of government deposits. which de-
creased H5.t l.IoU during the Week DI Ine
return to public funds to the treasury and also
to changes incident TO the opening of the
knickerbocker Trust company. The increase in
loans was due in part TO some renewed activity
IN speculation although the whole statement
was affected in by the resumption
Of operations by the knickerhocker company.
The statement of state banks and trust COM
panies in greater New York. not reporting to
the New York clearing house showed enor-
nous expansion of $37. 642, 000 in loans and s39.
$4,000 In net deposits. these changes being
due. of course. to the inclusion of the report
Of tho reopened trust company The increase
in specie ami legal tenders he i by the state
banks and trust companies. however. showed q
50 Of only $3.I4s.7oe. The actual reserve
held by tho New York clearing house on Sstur-
banks was 1892 and by the trust companies
$50 per cent The fow of money from the
interior continues at large volume. the
movement account of spring crop require
ments not being in evidence.
New York Money Market
NEW YORK. March -. Money on call nom
inal Time loans quiet and easier: 80 days. 3 per
cent: 90 days. 81 d3I2 per cent: six months, 4
per cent
igline mercantile paper, J12 GI6 per cent.
Sterling exchange firm. with actnal business in
baikers bills at 81. .s6206t4 $500 for demand and
At s4.S3s3G14- 1895 for go day bills; commercial
bills, S.S3ss .Sia..
Bar silver. 55Lse.
Mexican dollars. &c
Government bonds steady. railroads firm