Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-31
NEW YORK BANKS.

NEW YORK. January 3O.-The state.
ment of clearing house banks for the
week shows that the banks hold $27 .607,-
SI5 more than the requirements Of the %
per cent reserve rule. This is decrease
of S2.690,O75 in the proportionate cash re-
serve as compared with last week. The
statement follows:
Loans, S1.341 100000: increase, $6914.-
700. Deposits. s1.422,S 500. 100: increase
S5.O43.9O0. Circulation, SAC. 441 500: in
crease, S32&5C0. Legal tenders, $50 2OO.
coo: increase. s22O.s0O. Specie. 1901 2Oc,-
200; decrease. s1,G49.9oO. Reserve. $685.
4O2. 400: decrease. Sl.429. 100. Reserve re-
quired. 1885, 705.025: increase, S1.26O.975.
Surplus. s27,697.375; decrease, 81, 69O,075.
Elk United States. deposits SOS, 664 $50: de-
crease, s3.o7S22
The percentage OF actual reserve Of the
clearing house banks today was 1858.
Inc statement OF banks and trust COM
panies OF Greater New York not report
ing to the clearing house shows that these
institutions have aggregate deposits of
Si.]ol 81. s0O; total cash on hand. $121,-
IUH9No, and loans amounting to S1O61,-
$50. zoe.
Money on call, nominal. Time loans. in
2Ha21s per cent; months. per cent
close: Prime mercantile paper. 3ia to 4
per cent Sterling exchange strong, with
actual business in bankers bills at 49, 1Ua
4eo.2o for 60 days. and al 4S7. 1Oa4S7.75 for
demand Commercial bills, 4S4:sa4S5
Bar silver. o17s. Mexican dollars. A.
Government bonds steady. Railroad bonds
irregular.
The Financier will say:
Inc statement of the associated banks
OF the city OF New York for the week
ending January so was complicated TO q
greater or less extent through the eff
forts made by the trust companies to
brlng their cash reserve in vault up to
l1-per-cent minimum. as required under
the provisions of the law which set
FEBRUARY 1 as the day on which the per-
centage named should be in hand.
Based on actual conditions, the loans
OF the clearing house banks were in
creased $13.714.100 during the week. and
the decrease in specie and legal tender
was $1e,4S3. 800. Deposits showed very
little change from the previous week, the
reduction in this item having been only
silica, 300. The loss in cash. therefore
was reflected in direct decrease in sur
plus reserve. which fell $12.2Oc.325 during
the week bringing the present surplus to
SO, I20O5O. Government deposits in New
York are now only So, 841. 100, a falling
off Of one and One-half millions since the
previous Saturday
IL their operations with the subtreas-
ury the banks lost about 81 600, 900 last
week, but the inflow from the interior
was estimated to have been about S.
100000. The summary of state banks
and trust companieS in Greater New
York not reporting to the New York
clearing house showed n very large in
crease of SIS. % 800 in loans an increase
OF about 100000 in cash due to causes
already named. and an increase Of $685.
06S. 400 In net deposits
The trust companies Saturday reported
S113. 6Se 900 cash in their vaults. and this
amount will be increased next week
The net deposits Of the state banks and
trust companies in Greater New York
are now in excess Of 81 .000, 900. 900, and the
net deposits of the clearing house banks
bring the combined desposits in the two
classes of institutions to about $780,
900 600