New-York tribune., 1908-02-02
CHECK on STATE BANKS
FORMOEWEEKLX REPORT.
State Superintendent ProUides fo'
PubIicifu Each Saturday.

~x williams State Superintendent OF Bank
t,r made public yesterday the forms on when
all stat. banking institutions viii be reQuireo
70 ,ero-. TO the department their weekly conol-
zion beginning Saturday. The weekly state
-,euts must be certified by an officer OF tne
hank or trust company and be delivered al 'he
New York office Of the department In the case
Of CITY institutions not later than 9;So O'CLOCK
SATURDAY. morning. In the case OF out-of-to"n
sns.;futions the reports must be mailed each
Friday night
The totals Of the reports Will be given 10 the
rress every Saturday at about noon. and these
figures taken in conjunction with the weekly
statements Of the Clearing House banks. which
wifi be published IN detail again. beginning sat
rrdav. viii furnish the most complete and accu-
rate dsta on the exact condition Of all the CITY
banking institutions ever before given out
As ell the national banks with the exception
Of two or three small ones are members Of the
Clearing House and as all the state banks and
.rust cor,panies must now make weekly reports
70 the Sta Banking Department, il will be pos
eihle TO get ct the condition each week of prac-
ticaIly every banking institution in the city
something which has never been possible before
II IS also believed in banking circles that IN
future the State Superintendent and the United
States Controller Of the Currency will work in
closer accord. II viii be recalled that in August,
when Charles II. Keep. member of the
upstate Pubic Service Commission, was at the
head OF the State Banking Department, the call
>or the condition Of the state institutions was
:ssued Oh the same date was that for the
national banks. AS Mr.. Keep had retired only
g. ehort time previously as Assistant Secretary
oe the Treasury to become State Superintendent
Of Barking the issuance Of the two calls on the
t,;,acy stay
O coincidence.
The national call came in December. on the
81. white the state call issued on the
18th, but the country Just then was re-
covering from the effects Of the panic. and this
may have accounted for the action. While it
IS not believed that IN future the calls will al
ways come together, Il IS probable that every
now and again they VIII fall the date.
In the case Of the out-of-town banks and
trust companies the forms prepared by Super
.ntendent Williams do not call for as detailed
statements with the city institutions Other
wise they are the same. There are separate
blanks for the banks and trust companies. The
form on which city banks are required to re-
port is follows:
F1rstkveTage amount OF loans discounts and
stocks and bonds and mortgages owned by the
IankD
SecOrl-laNer2Ee
silver coin United States and Clearing House gold
certificates and United States silver certificates
Third-AVeraCe amount Of legal tenders and
hank Omitted States legal tender notes OF all
issues and notes bills issued by any lawfully
organized national banking association
Fourth-AVerage amount due from reserve de-
rosi1ories in New York City moneys on deposit
subject call in any bank trust company in this
STATE. approved by the Superintendent of Banks as
reserve agent. less Offsets
Fffth-Averase amount due from reserve deposi-
taries outside Of New York City. less Offsets
SiXIh-AyeTage amount Cue from other New tork
City banks and trust companies moneys on 1 de
post subject TO call in any New York City bank
trust company not a reserve deposltaTND
Seventh-AVer@ge amount due from out-of-toVn
banks and trust companies tmoneYs on deposit
subject 10 call in hanks trust companies outside
Of New York City not reserve depostariesl-
Eightf-AveTage amount Of deposits tgross de-
I'psrS and unpaid dividends. less checks and de-
rr7and items other New York City banks trust
companies and amounts due from other banks or
trust companies for colleCtion).
The form on which city trust companies are
required 10 report IS substantially the
that for The city banks that the trust
panes must report the average amount OF
bonds in lawful money reserve bonds Of the
United States bonds Of the State Of New York
and bonds issued tn compliance with law by any
city OF the first second class within the State
Of New York. computed at par value. the abso-
lutte property of the company"
The words ''biEs purchased" are substituted
for discounts in clause 1. and IN clause 4. after
the word state" Is inserted the clause ''hav-
ing capital Of at least 100000. or q capital
and surplus Of s3oo. coo"