Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-21
NEW YORK BANK STATEMENT

NEW YORK, June 2O-The statement
of clearing house banks for the week
shows that the banks held sos I'll 1878 more
than the requirements Of the 25 per cent
reserve rule. This is an increase of
s5,32O.575 In the proportionate cash re-
serve. as compared with last week. The
statement follows:
Loans. 1,239 90. 100: increase. $2O,O55,-
800.
Deposits, 1881 25s, 500: increase. ss2.-
500, 100
Circulation. $751; 100; increase, $685.
800
Legal tenders, $4,000 200; increase. ST.
S7l 800.
Specie, S312 III, 300: increase. $1O,649 800
Reserve. $685., O26.5oO: increase. $780,
go.
Reserve required $3.50, 314e2o; increase.
IS, NO,j25
Surplus. SIS, III .s75 increase. $3.50. SIS.
Ex-U S. deposits, 1853, 515.S 800: increase.
s., 115,9O0
The percentage Of actual reserve Of the
clearing house banks at the close OF busi-
ness yesterday was 1904. The statement
Of banks and trust companies OF Greater
New York not members of the clearing
mouse shows that these institutions have
aggregate deposits of s950,Os7 200: total
cash on hand. s73, 192. 200, and loans
amounting to 1896. 451 300.
Money on call nominal. Time loans
dull and firm: sixty days, to ~, and
ninety days, 21a: six months, 81.
Close: Prime mercantile paper, to 81
per cent. Sterling exchange easy with
actual business In bankers bill at 4S6. 9Oa
$3.50 for demand and at 4S5. JOa4S5.GO for
sixty-day bills. Commercial bills. 4.847sa-
4S5A. Bar silver, 54A Mexican dollars.
Il. Government bonds steady Railroad
oonds irregular.
The Financier will say: The statement
of New York associated banks for the
week ending June 20, showing. as it did.
an enormous increase of $25UO.OOO In
loans, $l3.2JO,OOO in cash and $32.OOO.OU
in deposits, caused considerable surprise
when first issued, but explanation is
found in the fact that during the week
, to membership the National Copper Bank.
and the inclusion of the figures of this
| institution was largely responsible for the
heavy gains noted.
eliminating the figures of the National
Copper Bank, and comparing with the
previous week. the associated banks
| 'eally gained about S9.OOO.OOO in loans,
$6,5OO.CUO in specie. s., 100000 in legals and
| about $1JGO0.OOO in net deposits. This Is
| practically the measure of increase which
| the preliminary estimates earlier In the
week indicated. The increase in loans.
however. was little larger than had
| been anticipa ted.
The gain in cash. amounting to about
S9,OO0,OV0. is due to continuation OF
the movement of funds to this point from
the interior and to the losses which the
subtreasury is making to the banks on
current account Had 1t not been for
| the shipment of almost $4.OOOO0O in gold
during the week. the cash gain would
| have been very much larger, as the re-
"eipts from the interior are at their
| maximum.
There seems to be no cessation in this
| movement of idle funds to New York. but
| the return flow cannot be far distant, as
crop requirements are now at hand. The
| present surplus reserve on all deposits in
the New York banks is SIS. 711.S75. and
| excluding government deposits, the sur
plus reserve is $t}.J25. 300.
! The summary of state banks and trust
| companies in Greater New York not re-
porting to the New York Clearing House
showed for the week an expansion Of
nearly 100000 In loans and $4.7JO.ON
! In net deposits, while cash holdings, fol-
lowing a rapid rise in this item for sew
eral weeks past indicated a decrease OF
|