The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-05-10
The Bank Statement.

New York, May 9.-The steady inflow
of money into the New York banks to-
day increased the deposits of those which
are members of the New York clearing
house to the record figure of l,270, 324.-
900 This was an increase of 81, $50 700
over the deposits reported by the banks
last Saturday. The amount of specie
held in these banks also reached a new
high record of S313, 304, 500 and the sur
plus was more than 3 per cent in excess
of the % per cent reserve rule. The ag-
gTegate deposits of all banks and trust
companies was 81, l5IlS3,0O0.
The statement shows that the banks
hold s63. $50 AIS more than the require
ments OF the p per cent reserve rule.
This is an increase of S1,5SG.575 in the
prOportionate cash reserve as compared
with previous account. The statement fol-
lows:
Loans. 81. 196. 342. 200: increase. $5,SS7. 900.
Deposits, $1,27O, 324, 600; increase, $685.
700
Circulation, So, SS7. 600: decrease. s911. OOO
Legal tenders, $6S, 100 200; decrease, $751;
800
Specie. 1913. 3O4. 800: increase. s.. 25s 500.
Reserve 1881, 464, 800; increase, $4.672,000.
Reserve required S317 5S1, 225; increase,
Surplus, s63 $50, 40; increase. 81, 53O.575.
Ex. L. S. deposits, $73,64,975; increase.
1910 1875.
The percentage of actual reserve of the
clearing house banks at the close of
business yesterday was 30.03.
The statement of banks and trust COM
panies of Greater New York not members
of the clearing house shows that these
institutions have aggregate deposits of
1886. S5S 500: total cash on hand. S60.0 500
and loans amounting to $50, 10000
The Financier will say: The statement
of the Associated Banks of the City OF
New York for the week ending May 9
showed merely a continuance of the same
factors which have been influencing the
banking situation for a number of weeks
past The report of the average condl-
ton and the report of the actual con-
ditiOns for the week ending Saturday did
not vary in any important sense, and, TAX
ing the actual conditions as showing the
real situation, the exhibits reveal an IN
crease in surplus reserves of s6.301, $50
bringing the total excess reserve above
the legal requirements to S67 Up. 725. The
net gain in cash for the week was 80
262, 400, which was a little less than had
been expected. There was moderate
expansion Of $S,765.S00 in loans and as
a result of the loan and cash gain de-
pOsits rose 81, S42. 200.
This influenced the required reserve by
nearly So. 900 900. but the flow of cash
from the interior and the treasury was.
as stated, much in excess of this re-
Quirement.
Public deposits in the banks decreased
for the week about S2750,00O. 1t is to
he said. however. that the statement made
on Saturday did not include the heavy
payments to be made by banks into the
treasury on account of the withdrawal
of public funds from the former inStltu-
tons and this reduction of from thir-
teen TO fifteen millions in cash will show
in the succeeding weeks report of banks.
The summary of state banks and trust
companies in Greater New York not re-
porting TO the New York clearing house
for the week shows some very heavy
changes. loans having increased 1923. SOB 800.
and net deposits SOS, 327. 800. The aggregate
net deposits of all the banks and trust
companies in New York City now amount
approximately TO two billion dollars, this
being far the heaviest on record.