The Montgomery advertiser., 1908-05-04
WEEKLY BANK cLEARINGs.

New York, May 2.-The statement of clearing house banks for the week shows the requirements of the 25 per cent, re- serve rule This is an increase of S3,36S ,l50 in the orooortionate. cash reserve as com pared with last week
 The statement follows:
 Loans Sf lsO, 455. 200 dec s63.0oo
 Deposits $1,257, 75s.2oo. inc. s6.s55.4 800. Legal tenders sss.747.7oo, inc. &1775,10o Specie $3os,o45, oOo inc. s5,336.soo.
 Reserve s37s, 100. inc: ,oS2. 900. Reserve required S314 439.s0or inc. sl,7lS.s5o Surplus $62 352, 900, inc, 3,36S, l50.
 Ex-United States Deposits $72.7o4,sSo' inc
 The percentage of actual reserves of the clearing house banks at the close of busi- ness yesterday was 20 so. The statement of the banks and trust companies Of great CT New York not members Of the clearing house shows that these institutions have az gregate deposits of Ss56. .926.500; total cash on hand sEs,7s4.soO and loan amounting to $s3s.12F,6Oo.
 The Financier will say:
 The statement of the associated banks ed by several factors which was unusual To begin with the enormous over subscrlp- ton to the Pennsylvania loan Of $40. O.OOo.OoO affected the showing of the banks and the sale of $25. 900 600 interborough notes added to the complication. There was a wide discrepancy between the statement of aver ages made by the banks and the statement of actual condition on Safurda"
 The statement of averages showed an in crease in surplus reserve of SS.36S. loo while the actual condition indicated q decrease In this item of s995. $50 the first decrease noted in a great many weeks. Taking the statement of actual conditions as revealing the more correct bank situation. loans in- creased S6.S32.4 and cash increased $?.- 5e4.3oO this despite the payments by the banks into the sub treasury during the week of three and a quarter million dollars and the continued exports of gold to Europe and Canada. =.
 Deposits for the week increased s1S,s6s.- 800 which is out of proportion to the other changes noted There was during the week a fact noteworthy contraction of circula- ton this item showing a decrease or Sl'tzl'- 900
 The strong position of the banks was m, m, dicated by the fact that notwithstanding all the factors noted their surpius i&eI1e 'S only a million less than one weekSago'
 Receipts from. the Interior VIII pc m creased largely during the next two or tnIe~ weeks by the fact that institutions m ths @ interior are meeting their proportion or the call of public deposits by the treasury through their New York correspondents The summary of state banks and trust companies in Greater New York not re- porting tn the clearing house shoWed heavy increase in loans. amounting 10 Sl4. 3ss 500 and an increase in. net deposlts oI S13,sT21OO while specie and iesai ten1eLs decreased something like 4Soo,ooo. mes" changes were the result oI synuicate oPe.a .es tions connected with new loans as hoteo above -
 The actual percentage of cash reserves now reoorted by the assoeisted banks IS 20 so thr reesrve Of state banks not affil- lated with the clearing house IS <f per cent and the eeserve carried by the trust comp@- nies is 9I, S3 per cent.