Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-05-24
FINANCE AND TRADE IN
MARKETS OF THE WORLD
NEW YORK BANK STATEMENT.

NEW YORK. May 23.-The statement Of
the clearing house banks for the week
shows that the banks hold $50, 49,. 375 more
than the requirements Of the % per cent
reserve rule This is a decrease of S.
121,S75 in the proportionate cash reserve
as compared with previous account.
The statement follows:
Loans $l,2l9.O47 800; increase. $17.927.-
Deposits, 1926, 800; increase, $780,
7Oo. 700.
Legal tenders. 6s.66o'soo; decrease Sl'-
21.1W.
Specie, $312O35. 400: decrease. 1929, 100.
Reserve, $3.50. 716 200: decrease. $685. 40.
Reserve required. 1924 .23O,s2o; increase
$5.175.675.
ExUnited States deposits, $64. 1o3. 100;
decrease. $S37s. $50.
The percentage Of actual reserve OF the
clearing house banks at the close of busi-
ness yesterday was 292i.
The statement of banks and trust com
panies of Greater New York, not mem
bers of the clearing house. shows that
these institutions have aggregate deposits
Of $9OS 259. 800: total cash on hand, SOL
725, 800, and loans amounting 10 $ool'-
1856, 600.
Money on call, nominal. Time loans,
dull and firm; 80 days. PIP to ~. and w
days. 2A to ); six months, 81 to 81.
The Financier will say:
The statement of the associated banks
of New York city for the week ended
May % showed a decrease. taking the
report of actual conditions as basis or
comparison of IS. 72O.OO in cash reserve.
This was not surprising. In view OF the
fact that the banks during the week lost
100000 to the Treasury on account OF
repayment of public deposits. and some
thing like $l3. 10000 owing to continued
exports of gold.
The actual reduction in cash reported
by the banks for the week was 81. SOC. 200.
which goes to show that the other losses
already mentioned were made up largely
through excess of receipts from the in
terror and from other sources. The loans
of the banks for the week increased SILL
vival of. speculative activity on the stock
exchange and the commitments in COM
nnercial lines. Deposits during the week
ros, $15657.6O which increase did not
coircide with the other changes noted
rather surprising. although not i'm
ports ant feature of the statement was
the increase of s1S5.OOO in circulation
this at a time when banks apparently are
making every effort to decrease the
amount Of their circulating notes out
standing. The total deposits of the clear
ing house banks now amount to 1902
millions of dollars. which is by far the
largest figure ever reported.
The actual surplus reserve stood Sat-
urday at $50, 625. and since the banks
began Saturday to pay into the Treasury
the last installment of SIS OOO. 900 of pub
lie deposits called for. 1t Is quite likely
that succeeding statements will show fur
Their decreases in the. matter OF surplus
reserves.
The banks are still receiving cash from
the interior. and 1t will require quite
heavy reduction In the present surplus re-
serve before money rates are apprecia bly,
affected. The summary Of state banks
and trust companies in greater New
York not reporting to the New York
clearing house indicated a slight decrease
in deposits following the 100000 600 in
crease reported during the past several
weeks. a gain of about s660.OOO in cash
and an increase Of $2,s1S9OO in net de-
posts. The actual percentage of reserve
carried by the clearing house banks Is
now 1924. the reserve reported by the
state banks is 2554 per cent and the
reserve OF the trust companies is 1892
PEI cent.