Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-29
FINANCE AND TRADE IN
MARKETS OF THE WORLD
NEW YORK BANK STATEMENT

NEW YORK. March 2S-The statement
of clearing house banks for the week
shows that the banks hold $50, 1SS. 52j
more than the requirements of the 2J
per cent reserve rule. This is an increase
of 81. 364, O75 in the proportionate cash re-
serve as compared with last week.
The statement follows:
Loans, 81, 1874. $50, 700; increase, $2.ss6 100.
Deposits, S1,1S9, 334, 300: increase. ST.
254. 100
Circulation, SCI. O42 300: decrease, s2o2.-
700.
Legal tenders. s61,912,ooo: increase.
$685., 800.
Specie. s275.21O, 600: increase, s3.22O. 100
Reserve 1887, Id 100: increase, $4,177,-
COS.
Reserve required, S297. 33333.:375: increase.
$1.s13.525.
Surplus. $50. 7ss. :25; increase. s.. .075.
Ex-U S. deposits, SJo,921525; increase,
S1.440.27o.
The percentage of actual reserve of the
clearing house banks at the close of
business yesterday was ISIS.
The statement of banks and trust COM
panies of Greater New York, not mem
bers Of the clearing house, shows that
posts of S796. 10000: total cash on hand.
S57. 800 200, and loans amounting to SSH
9S2. 100
Money on call, nominal Time loans.
quiet and easier; sixty days. 3. and ninety
days. 34 to 3ia: six months a.
Close-Prime mercantile paper. 51aa6 per
cent. Sterling exchange. firm, with actual
business in bankers bills at 4.S62Oa4. $500
for demand. and at 4 .S3S5a4. 1895 for sixty
day bills Commercial bills, 4.S35sa4. S3%
Do civ
eminent bonds, steady. Railroad bonds,
firm.
The Financier will say:
There was a wide discrepancy in the re-
port of averages of the New York clear
ing house banks for the week ending
March %. and the report of actual busi-
ness of the same institutions at the close
of businss Saturday, the summary of aver
ages indicating gain of over S4,OD.ON In
cash, and very moderate expansion in
loans, whereas the actual conditions of
banks at the close of the week showed
an expansion of S1J.354 900 in loans. and
an increase of SIC, S9S,50O in deposits. and
instead of a gain of several million dol
lars in cash, an actual loss of $3.50, 200 in
this item. The loss in cash is traceable
probably to the item of government de-
posits, which were decreased $4,771, 800
during the week by the return Of public
funds to the Treasury and also to changes
incident to the opening of the Knicker-
loans was due in part to some renewed
activity in speculation. although the
whole statement was affected in meas
ure by the resumption of operations by
the Knickerbocker Company. The state
ment of state banks and trust companies
In Greater New York not reporting to
the New York clearing house showed an
enormous expansion of $37, $40, 900 in loans
and 600 in net deposits, these
changes having been due, Of course, to
the inclusion of the report of the reopen
ed trust company. The increase in specie
and legal tenders held by the state banks
and trust companies. however. showed a
gain of only $3,74S.7Oo. The actual reserve
held by the New York clearing house on
Saturday was ISIS. the reserve held by
the state banks was 1882, and by the
trust companies $3.50 per cent. The flow
of money from the interior continues in
large volume. the reserve movement on
account of spring crop requirements not
being in evidence