Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-14
NEW YORK BANK STATEMENT.

NEW YORK, June 13.-The statement
Of clearing house banks for the week
| shows that the banks hold $50, 4S1 300
more than the requirements Of the 25-per-
cent-reserve rule. This is an increase of
5000. 100 in the proportionate cash re-
serve as compared with previous ac-
| counts
The statement follows:
Loans, S1.213. 800. 800: increase, $2.264.-
zoo.
Deposits. s1.2ss, 25e. 400; increase. Sc, 1885,
COO
Circulation. $50. 400: decrease. $780,
400.
Legal tenders. s74,2a7.eoo: increase.
Specie 1901 .467 500; increase, $5.522 200
Reserve, 1915, 7O5. 400: increase. $685.
100.
-, Reserve es rye required, ss2a.sl41oo; increase
Surplus. $50 4s1 800: increase, Sc. 1893. 100
! Ex United States deposits. SIS. 430. 400:
increase. Sc 1919. 2o5.
The percentage of actual reserve Of the
| clearing house banks at the close OF busl-
ness yesterday was $3.50.
| The statement of banks and trust COM
| panies of Greater New York not men,
| bers of the clearing house shows that
of $3.50. 664 400; total cash on hand. ST.
1SS, SEQ. and loans amounting to $4,000. =
200.
Money on call, nominal. Time loans.
easy: 60 days 2 and 80 days ~ per cent;
six months BIZ per cent
Close: Prime mercantile paper. 3k to 4
per cent. Sterling exchange steady. with
actual business in bankers bills at 4S6 goa
4.S6S5 for demand. and at 4.S525a4. $3.50
| for sixty-day bills. Commercial bills.
ASSASSIN Bar silver, 53ss. Mexican dol
lars, Al. Government bonds steady. Rail-
road bonds steady.
| The Financier says:
! The statement of the associated banks
! Of New York city for the week ending
Saturday showed very substantial in
crease In all principal items, the cash
gain alone having been SO. FOG. 800. which
corresponds rather closely with the pre-
| liminary estimate made earlier in the
| week.
The banks increased their loans 49,.
453. 100, probably as result of some Of
the public bond offerings OF the week.
which is less by several million dollars
than ought to have been shown by the
changes already noted The banks are
still gaining largely from the interior
They are gaining also in their operations
with the subtreasury, and as the exports
of gold during the week were inconse-
quential, the loss on this account was
| small.
1t is noticeable, however. that the trust
| companies are increasing their cash very
rapidly. this being due. as was pointed
out last week. to the fact that the law
requires them on July l to maintain a
| heavier reserve of cash in their own
vaults rather than in the form of deposits
with other banks and trust companies.
For the week just ended the state banks
and trust companies not reporting to the
New York clearing house gained $780,
9CO cash. almost wholly in specie.
The trust companies and state banks
also report heavy increase OF 81 .331 100
in loans and So, 296.inO in net deposits.
these changes being due probably to finan-
cial operations incident to the offering Of
a large series of railway bonds. which
came on the market last week The in
crease in the associated bank reserves
for the week was 81 1896. 500. and the total
surplus reserve. including those on public
deposits. Is now s56.677. 275.
The reduction in actual reserves since
May last, when the first decreases in
this item were noted. had been up to the
beginning Of May about s11 10000 which,
considering the constant exports of gold.
the repayments of public deposits and the
Withdrawals Of public deposits by the
treasury. indicates how far the movement
from the interior has gone to counteract
the heavy Withdrawals mentioned.