Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-28
NEW YORK BANK STATEMENT.

NEW YORK. June Z7-The statement
Of clearing house banks for the week
shows that the banks hold s66.O0e 800
more than the requirements of Is per
cent reserve rule. THIS is an increase OF
$7.3S6. So5 In the proportionate cash re-
serve 40 compared WITH last week.
The statement follows:
Loans. 1921. 20. $40: decrease, $S,701.-
Deposits. s1.s2o.17e. 400; decrease. ST.
Circulation. $50. soe, 200: decrease. $685.
500.
Legal tenders. s7e.47c.7oo: increase. ST.
563, 500
Specie. 1916, 200: increase. s4.b52 900.
Reserve. 1896. 142 900: increase. $7.11G. 400.
Reserve required. $s30.O44.10o: decrease
$27O,525.
surplus, seeoes. 800: increase. s7.sses:s:
Ex-United States deposits, S70.S5S, 725:
increase, $7.333. 425.
The percentage OF actual reserve Of the
clearing house banks at the close OF bust
ness yesterday was 30 50.
The statement Of banks and trust COM
pan1es of Greater New York not members
OF the clearing house shows that these in
situations have aggregate deposits Of SI4,-
16o 300: total cash on hand. S76 24S. 100
and loans amounting to $9O5. lit 800.
quiet and Arm: 60 days. per cent: W
days, ~ per cent; six months, 31s per
cent.
Close-Prime mercantile paper. 33za4 per
cent. Sterling exchange steady. with &C
tual business in bankers bills at 4s7 for
demand and 1870 for 6O-day bills. Com
53N. Mexican dollars Is. Government
bonds. steady. Railroad bonds. firm.
The Financier will say:
The statement of the associated banks
OF New York city for the week ending
June q differed radically in every item
from the generally expected showing. 1t
was known, for instance. that the banks
during tho week through their operations
with the subtreasury and the interior and
as stock exchange speculation has been
dormant 1t was naturally anticipated that
little change would be made in the loan
account However, the report of the ac-
tual condition of banks to the clearing
house Saturday showed an increase in
specie and legal tenders of only 1892. 400
while there was reported a decrease In
loans amounting to $18.747.I0O. Deposits
as a result OF changes noted. decreased
$14.347. 100. and the surplus reserve in
creased S6.959. 325. bringing the total ac-
tual surplus reserves to s6s. 2S3.025.
Excluding government deposits. on
plus cash In the New York banks. above
the % per cent requirement. is now in ex-
cess Of s72,OOO.Oo0. and the banks hold
1861 millions in gold and legal tenders.
Inc I6IScSL amount OIL ICCCIu. uC Oliy
explanation which can be given for the
unexpected changes in the leading items
Is to be found in the summary Of state
banks and trust companies In Greater
New York not reporting to the New York
clearing house.
These institutions. and particularly the
trust companies. reported for the week
ending Saturday increase OF az millions
In loans and an increase of more than
So. 600 900 in specie and legsls-the cash
increase being due to the fact that the
trust companies July l must by law in
crease the amount Of cash reserves car
ried in their own vaults. The net deposits
of the state banks and trust companies
rose during the week $i3, s47. 700.
1T appears. therefore. that there was
a heavy shifting Of loan commitments,
etc. during the week to the trust COM
panies from the clearing house banks.
The July interest period Is also probably
responsible for some Of the unexpected
increases and decreases In the current
statement"