Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-22

NEW YORK. March 21.-The statement
of clearing house banks for the week
shows that the banks hold $37 40, 45O
more than the requirements Of the 25 per
cent reserve rule. This is an increase of
s6,759, 375 in the proportionate cash re-
serve as compared with last week. The
statement follows:
Loans, s1.161. 653, 600: increase. s934.1OO.
Deposits. s1,1s2. OsO, 200; increase, &c.
250.9OO.
Circulation, ss1, pa, 900; decrease, $751;
200.
Legal tenders. s6oe54. 500: increase,
81, s2s, 500
Specie s271. 9a0. 600; increase. $7493, 800
Reserve, $685., ga 500; increase, 50 800. 100.
Reserve required. s295, $50; increase.
81, So, 70
Surplus, s37, 424. $50; increase, s6.75s. 375.
Ex-Cnited States deposits, $40. 4S1 $50;
increase, $780, $50.
The percentage of actual reserve Of the
clearing house banks at the close of bust
ness yesterday was $3.50.
The statement of the banks and trust
companies of Greater New York not
members of the clearing house shows
that these institutions have aggregate de-
posts of sI49, 1S3, 700; total cash on hand,
500. 500. 500, and loans amounting to $685.
340.IOO.
Money on call. nominal Time loans
steady: 60 days. 3D. and 80 days. 81; six
months, IA.
Close: Prime mercantile paper. 51zae
per cent. Sterling exchange, steady with
actual business in bankers bills at 4S6a
$500 for demand and at 3S4. 50a4S3 60 for
60-day bills. Commercial bills. 4s6Aa4s6ss
Government bonds, steady. Railroad
bonds, steady.
The Financier will say: The statement
OF the associated banks of the city of
New York for the week ended March
u showed. under the old system of aver
ages covering the six days operations, a
gain in cash amounting to 1892, 100.
while loans remained almost stationary.
Deposits, as a result of the heavy ex-
pansion OF cash. increased $40, 250, 200, and
the reserves rose s6,159,375. This agrees
for the most part with the statement of
actual conditions as made by the banks
at the close of business Saturday, ex-
ceps that the loan item in the latter state
ment. which is the one that really counts
as of first Importance, decreased So, 1873 500
The actual gain in cash was reported
at SIC. 44S,COO, while deposits rose s7,O29,
200, due. OF course. to the gain in cash.
AS result Of the changes just noted
the actual reserve increased IS, $50 675
total surplus now standing al $42 ,O40 $50.
The banks during the week anticipa ted
in some measure the call for the Sc cond
installment, amounting to some $40. 600 900,
of the $35o00,OOO public deposits called
repayment to the government will prob
ably show in a more definite way in the
next succeeding bank statement The
report OF state banks and trust com
panies OF Greater New York not affiliate
with the clearing house shows substantial
increases in loans and deposits, with a
small falling off in cash.
The total net deposits OF the clearing
house and non-clearing house banks and
trust companies now stand at 1.SG8 mill
lions of dollars, while the loans of the
same institutions are approximately 1887
millions of dollars. The actual reserve of
New York clearing house banks Saturday
was 2S.5j per cent, the reserve of the
state banks outside the clearing house
22.9T per cent. and the reserve of the
trust companies 27.11 per cent.
AS there seems to be nothing to cause
much of a loan expansion in the inmedi-
ate future beyond the probability of
stock exchange speculation. the reserves
OF banks win probably continue to show
slight increases for some time to come
except as they may be affected by the
repayment to the government Of public
deposits already noted.