Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-08-08
NEW YORK BANKS.

NEW YORK, August THE statement
of the clearing house banks for the week
shows that the banks hold $25,945.6OO
more than the requirements of the 20
per cent reserve rule. This Is decrease
of 1913, 800 in the proportionate cash re-
serve as compared with last week.
The statement follows:
Loans, 81. 361. 527. 500. increase. $1O.s66.
600.
deposits, $1.4sO, 2el 200; increase S.
377.6OO.
Circulation, s4s. 7s7, 100; increase. $780,
Legal tenders, $40, 400, 400; decrease, 81
Specie, 1901 1O5, 600; decrease, Sass. 800.
Reserve, $685., sos, 400; decrease. $7'4o9'
reserve required, $685., 5e2, 800; increase
Surplus s25,e45,eoo; decrease. $685.
500. eozn.
decrease Sc. 342 500.
The percentage of actual reserve OF the
clearing house banks today was 70 10.
The statement of the banks and trust
companies of Greater New York not re.
porting to the clearing house SHOWS tna'
chose institutions have aggregate de-
posits of $1.412, SIC, 600; total cash on
hand 1852, 744, 100. and loans amounting
to 81 .aO2, 3SS, 400.
Money on CALL nominal: time loans not
quite so firm; sixty days, 2.ea2A, ana
ninety days. 2Aa3 per cent, SIX nhohths'
S7sa4 per cent. a.,
Close-Prime mercantile paper, to ~
per cent; sterling exchange. fairly steady
with actual business in bankers Olns ~
4s5. 1Oa485 Is for sixty-day bills and al
$500 for demand; commercial bills
4S4Aa484A: bar silver, 5OA; Mexican doi-
lars. A; government bonds STEADY rail-
road bonds firm.
The Financier will say:
The statement CT the associated banks
of the city of New York for the week
ending August showed as leadins Iea-
ture q decrease of $7,S49,OOO In cash
which was accounted for principally
through operations with the suntreasury
The banks had lost rather heavily IN
their dealings for the past six days, oW.
ing to heavy payments on account OF
anticipatOry customs payments. Ine
statement as a whole, however, Is rem
dered rather misleading, so far as com
parisons are concerned, by reason OF the
inclusion Of figures OF the Coal ana iron
National Bank, which. as q new member
of the clearing house, made its nrst re,
port. The statement has been anecteo
evidently through the cause mentioned
by the items of five and One-hai1 mil
lions of loans, nearly one million doiiars
of cash and six million dollars OF de-
posits reported by this bank.
Since the increase OIL dll the UdHhS ooe
urday in the matter of loans was only
81. 6SS. 800, 1t is evident that. excluding
the Coal and Iron National Bank, the
other banks decreased their loans rather
than increased them. The current state
ment showed also a decrease of $5,25, IOU
in deposits. and as the deposits OF the
Coal and Iron National are even larger
than the sum just mentioned there must
have been a decrease on the part of the
remaining institutions of at least twice
the sum reported in Saturdays state
| ment However, the statement as q
whole showed that the reserve on depos'
it's fell s6.525.O75, bringing the surplus
| to s24 1876 100 The summary OF state
| banks and trust companies in greater
| New York not reporting to the New
York Clearing House showed an increase
| of 81 OPT 200 in loans. an increase of about
| 81, $50 600 in cash and an increase in net
| deposits of $3.50. 100.