Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-05-10
NEW YORK 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 s1.27O. 1924 900.
This was an increase of 2.5657OO over
| the deposits reported by the banks last
Saturday. The amount Of specie held in
these banks also reached a new high rec
| ord OF $313.304.500. and the surplus was
more than per cent in excess of the u
per cent reserve rule. The aggregate de-
posts of all banks anu trust companies
were 1851 49,, 800.
The statement of clearing house banks
FOR the week shows that the banks hold
$63. SS3.47J more than the requirements
or the % per cent reserve rule This is
an increase of S1.53O,575 In the proper
tionate cash reserve as compared with
previous account
The statement follows:
Loans. $1.196.342.2OO: increase. So .sS7, :
Deposits. $1,27o.s24, 900; increase, s12,-
565.7O
Circulation. $685.. 800: decrease,
Legal tenders. SOS. $4,000; decrease.
Specie, ss1s.so4,5oo; increase, $685.
500.
Reserve. 1891. 4s4.7Oo; increase. s4.-
672. 900.
Reserve required, ss17. 5s1 ,225: in
Surplus. s63. sS3,475; increase, $780,
575.
Ex-United States deposits, s73674,975;
Increase, $97O,125
The percentage of actual reserve of
the clearing house banks at the close of
business yesterday was 1905.
The statement Of banks and trust
companies of Greater New York, not
members of the clearing house, shows
that those institutions go 70
deposits OF $SS6.85S.G00 total cash on
hand $60OS6,s00 and loans amounting to
1852. 10000.
Time loans. quiet and softening: so
days. 2h to "a. and 80 days "a to g.;
six months. 31s to ga.
Close: Prime mercantile paper, 3A a
~ per cent Sterling exchange. firm.
With actual business in bankers bills at
day bills. Commercial bills. 4.S45
4.S4%. Bar silver. 5:A. Mexican dol
lars. AZ. Government bonds steady.
Railroad bonds firm.
The Financier SAYS: The statement Of
the associated banks of the city of New
York for the week ending May showed
merely a continuance of the same factors
which have been influencing the banking
situation for number of weeks past The
report Of the average condition and the
report of the actual conditions for the
week ending Saturday did not vary in any
important sense, and taking the actual
conditions as showing the real situation
the exhibits reveal an increase in surplus
reserves of $6,3Ol $50. bringing the total
excess reserve above the legal require
ments to $67, 10 2J. The gain in cash
for the Week was 50 2G2 400 which was a
little less than had been expected. There
was a moderate expansion of 50. 500 In
loans, and a result Of the loan and
cash gain deposits rose S11 .Si2, 200. This
increased the required reserve by nearly
three million dollars. but the flow of cash
from the interior and the Treasury was,
as stated, much in excess of this require
ment.
Public deposits in the banks decreased
for the week about 81. 80 900. 1t is to be
said, however, that the statement made
Saturday did not include the heavy pay
ments to be made by banks into the
treasury on account of the withdrawal
or public funds from the former institu
tlon, and this reduction of from thirteen
TO fifteen millions in cash will show in the
succeeding weeks report Of banks.
The summary of state banks and trust
porting to the New York clearing house
for the week show some very heavy
| changes. loans having Increased 23.623-
800 and net deposits s2S. 327, 500. These
institutions. however gained only Sl,3OO =
600 in cash. The aggregate net deposits
OF all the banks and trust companies in
New York city now amount. approximate
~. to $1,000. 900, this being by far the heav-
lest on record. Against these deposits the
clearing house banks hold an actual cash
reserve of 3O.24 per cent. These banks re-
| port percentage of 27.43, and the trust
companies percentage Of 32.43.