Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-01
NEW YORK BANK STATEMENT

NEW YORK, February 2s.-The state
ment of clearing house banks for the
week shows the banks hold $29,26s,s75
more than the requirements of the Is
per cent reserve rule. This is decrease
of $3,205.S75 in the proportionate cash re-
serve, as compared with last week. The
statement follows:
Loans, s1.1s1. o57.7oo; increase, ST .oss..
| 000
Deposits. sl.1s7.sss 700: increase, SCI
e.so0.
Circulation. ss41ss.soo; decrease. ST.
054 100.
:, Legal gal tenders. s5s,sSo.4oo; decrease.
Specie, $e61. 3d. 200: increase. $e,s43. 400
Reserve. $3sl,les.Soo; increase. $s,la7,-
| zoo
Reserve required. ,s2s1. so5, s.5; increase.
| SIS, 333,075.
Surplus. sas. es2. $751; decrease, 81, 2o5, s75.
Ex-United States deposits. SIS, 100. 200;
decrease 1920, 625.
| The percentage Of actual reserve Of the
clearing house banks at the close Of bust
ness yesterday was q. 80.
| The statement of banks and trust com.
panies of Greater New York not members
Of the clearing house shows that these in
situations have aggregate deposits of $780,
S01 900; total cash on hand. $53, 0S3, 400, and
loans amounting to $769.650.800
Close-Prime mercantile paper, 5a5k
per cent. Sterling exchange heavy. with
actual business in bankers bills at 486. GO
for demand and at 4S3.50 for sixty-day
bills. Commercial bills. 4.S3ha4.S3A. Bar
silver, 55ss. Mexican dollars. AN. Gov
eminent bonds steady. Railroad bonds ir.
| regular.
The Financier will say:
AS was expected from the traceable
| movements of money, the statement last
week of the associated banks showed a
| loss of cash: because of an important In
| crease in deposits and consequently In re-
I quired reserve, the surplus indicated a
decrease of more than three millions. The
| loss of cash was due to the absorptions
of about four millions of public funds by
the Trea sury. surrenders of cash funds
| having been made by the banks in antici-
| patton of the maturity March Of the
| first installment of the call by the Sec
rotary of the Treasury. which issued last
! week: the effect of such surrenders was
| partly offset. however by a return flow
of money from the interior.
! The net decrease of cash shown by the
| statement was 50. 121 go. Deposits were
| Increased S21 49,. 800. hence the required
| reserve wa augmented $5.33301o, deduct
| ing from which the loss of cash as above
| left $i,20o.S15 as the decrease in surplus
| reserve to $50, 262.675. Computed upon
| the basis of deposits, less those of 500
| 5000 public funds-which. it may be
| noted, were reduced by $3.979.702 during
| the week-the surplus is $40, 1O0.2 200.
1t is interesting to state that circula-
| ton was reduced $2.05i 100, rejecting the
| retirements of bank notes. which appear
to have made substantial progress during
| the month being effected not only by
New York city banks. but by those in the
| interior. The percentage of reserve on
average conditions was 27..0 and on ac-
tual conditions it was $50. 1t may be
observed that the net deposits of all the
banks and of trust companies in New
York city were S1,7S6.OCO.O 600: moreover.
with the exception of deposits. which
| showed an increase of three and quar-
| ter millions. the comparisons of the items
of state banks and trust companies. not
| reporting to the clearing house. showed
unimportant changes.