Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-11-14
new YORK BANKS.

NEW YORK, November 13.-The state
ment OF clearing house banks for the
week shows that the banks hold IS. 760,
600 more than the requirements Of the o
per cent reserve rule. This Is an in
crease Of $1.728. 425 in the proportionate
cash reserve as compared with last week.
The statement follows:
Loans, $1,226. 243, 100: decrease. so. 73l.-
800.
Deposits. sl.214.7ssooo; decrease. $685.
672. 500.
Circulation. sSs. 22s.o 300; decrease. $751;
Legal tenders. SIS. 5s7. 800; increase. $751;
Specie. s241. ses. 200; decrease. $4.e79. 100
Reserve. 1910. 100000: decrease. $4.94l.-
Reserve required. $sOs. CO... 900; decrease.
Surplus. ss.7es.oo; increase. sl.I2e.425
Elk United States deposits. $7.lS7, 10;
increase. 81, 737. $50.
The percentage of actual reserve Of the
clearing house banks today was 1884.
The statement Of banks and trust COM
panies OF Greater New York not report
ing to the clearing house shows that
those institutions have aggregate deposits
of $1.251. S07. 700: total cash on hand,
S143, S6l, 900. and loans amounting TO
81. 2O2, 2S3, 300.
Money on call nominal. Time loans
strong: sixty days. 81 per cent. and nine
ty days. 5a5A per cent; six months j
Close: Prime mercantile paper. to 5ts
per cent. Sterling exchange hrm. with
actual business in bankers bills at 49, oa
4.s3.35 for sixty-day bills and at $3.50
for demand. Commercial bills. 4s21sa
4.S3 Bar silver. 500. Mexican dollars.
43 Government bonds steady. Railroad
bonds heavy.
The Financier will say,
1t had been expected that the state
ment of the New York associated banks
for the week ending November IL would
prove interesting. but nothing quite as
striking as the changes actually made
had been anticipated. Current opinion
held that the transfer OF loans from Lon
don to New York this month would be
heavy. and that the loan item OF the
New York banks would show large in
creases in consequence. Contrary to ex-
pectations. however. the loans or the
associated banks have not been expand
ed, and the current statement shows a
contraction in this item Of $50. COZ. 400. one
of the heaviest decreases on record.
The known movements Of money for the
week foreshadowed a decrease in the
holdings of specie and legal tender. and
the contraction Of $685. 500 in cash hold
inRs was In harmony with actual bank
conditions at the end of the week. De-
posits, owing to the heavy decrease In
This, of course, reduced reserve require
ments nearly $12.O0O.O0o. and surplus re-
serve, which at the end of the previous
week was under $5,OOOO0O. rose 49, $3.50.
making the present surplus e1o.S28.5I5.
just where the loan burden OF the
banks has been shifted Is uncertain. but
the statement of the trust compe MES not
reporting to the New York clearing house
is proof positive that the outside inetitu-
tons in this city have not assumed 1t,
since the loans Of the trust companies
last week rose less than 81 100000. while
their cash holdings fell or eom0thing
over s., 80 900. and their net deposits de-
creased $6.S77, 200.
The evidence is clear. therefore. that
the loan transfer from the banks has
been taken care Of either by interior in
stitutions and private lenders. or, con-
trary to present belief. has been assumed
again by foreign banks. The rise OF call
money on Friday at per cent cannot
be said. in the face Of q bank showing
like that Of Saturday, TO Indicate that
this rate is normal.