Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-23
NEW YORK BANK STATEMENT.

NEW YORK, August 22.-The state
ment of clearing house banks for the
week shows that the banks hold $6S, 147,-
975 more than the requirements Of the q
per cent reserve rule. This Is an increase
of $500 $50 in the proportionate cash re-
serves as compared with last week.
The statement follows:
Loans, 81 ,2S6. 591 800: decrease. s., 400 300
Deposits. 1855, 134, 800: increase. 5000,
400.
Circulation, $o5.175.6OO; decrease. $751;
600.
Legal tenders, Hs,s15,oso; decrease,
$54c, 800
Specie, 1891 ,266, 700; increase. $3.50, 800
Reserve, $40. 1S1. 100; increase, $8.O61 600
Reserve required, $347, 033, 720: increase,
$3.50, $50.
Surplus, ses, 147. 97o: increase, $3.50. $50.
Elk United States deposits. $65, 461 ,525;
increase, $5.537OOO.
The percentage Of actual reserve of the
clearing house banks at the close of busi-
ness yesterday was 29.sO.
The statement Of banks and trust COM
panies of Greater New York not members
of the clearing house shows that these in
situations have aggregate deposits of
II O36. 49, 600: total cash on hand. $109, :
$4,000. and loans amounting to $3.50, 383.
coo.
Money on call nominal. Time loans
-
and ninety days. 21za2A per cent; six
months, 31ka3% per cent
Close: Prime mercantile paper, 3Aa4H1s
per cent. Sterling exchange weak with
actual business in bankers bills at 484. 5Oa
1895 for sixty days. and at 4S6a4s6 O5
for demand. Commercial bills, 4S3ka
484A; bar silver, 51A; Mexican dollars,
45; government steady; railroad bonds
steady.
The Financier will say:
hn ctof of< hA Hnon lYc
of the city of New York for the week
ending Saturday, August %. shows a con-
tinuance of the factors which have been
so much in evidence for a period OF
months past. The banks are still gaining
in cash. although the increase reported
last week came from operations with the
subtreasury, rather than from the in
terror movement, which for the moment
has ceased. The banks for the week, ac-
cording to the statement Of actual con-
ditions. gained $7,213, 600 in specie. and
lost 1886, 700 in legal tenders. making
the net gain in cash $5,S76, 100.
The total of specie and legals now held
by the associated banks foots up to the
enormous sum of $412. 523 100, the heaviest
on record and the surplus reserve is $65.
17O.OJO, which. with one exception, is the
heaviest for the year. The loans Of the
banks last week decreased $7,244, 700. and
deposits decreased only $724 100, the dis
crepancy between the loan and deposit
increase in cash.
1t is difficult to trace the cause for the
decrease in the loan commitments, but
the statement of the state banks and trust
companies in Greater New York nor
reporting to the New York clearing
house shows an expansion of twelve and
a third million dollars in loans and
$15, 100000 in deposits thus indicat-
ing that the burden of loans is being
shifted from the banks to the trust COM
panies. The trust companies have been
gaining rapidly in cash of late, the in
crease for the fortnight having been about
81 GOO, 900.
The percentage of cash held against
deposits by these companies approx
mates nearly 10 per cent. The banks are
making an effort to retire circulation as
rapidly as possible, the decrease last week
in this item having been nearly 81 .OOO,OOO.
The surplus reserve on all deposits of the
associated banks. incident to the changes
noted. rose last week $6O57.127 and the
percentage of cash reserve is now 1888.