New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-03
BANK RESERVE DOWN
Actual Cash Holdings Decline
More than $18,9OO,OOO.

ton tax and to an increased demand for
currency from out Of town points the
local banks suffered loss in actual
cash holdings last week of S1S,945,5oo.
with decline in actual reserve above
legal requirements to SIS, 500, 800 against
S2o. 1850 a week ago. Notw;thstand-
ing the liquidation in the stock market
of recent days. loans showed a material
expansion, increasing almost S10,OOO,OOt.
the cancellation of loans against stocks
sold doubtless being offset by now loans
by interests that had to take stocks to
prevent Generalization in the market
and by operations in connection with
the financing of the July interest and
dividend disbursements. In the state
nlent OF avera ges the heavy late week
payments to the federal Treasury were
not shown to any great extent, and as
consequence the average reserve showed
a loss of 100000 less than that re-
ported in the exhibit of actual condi-
tons as of Friday night, the decline
amounting to 1886 175. Tie average
reserve now stands at S1S,91S 400, COM
pared with S34 .496,675 at this time last
year and S54, 695, 800 in 1908 Detailed
figures of bank and trust company con-
ditions follow:
CLEARING HOUSE BANKs-ACTUAL CON
DITION FRIDAY.
Loans 5Hr s4s COO salg 500 ssfsass
Specie 25s 292 300 2a2, $50. 400 Is. 5S6'Soo
Deposits. 12lo 731.4oo 412o0. $4,000 500. 500
Circulation 4s41s.ooo $4,000 '515oo
increase. limited States deposits included.
The following shows the relation between
the total reserve and the total deposits on
Specie 5Sns 500 s2s 5Gs sss RS:5ssss
Legal tenders 6s. $50. 500 66.346soo s,1ssooo
Totals .s827. SOS. 200 sSos So. 200 s1s.s455oo
agt deposits 800. ESQ. $50 800 1885, 200 2,4es $50
CLEARING HOUSE BANKs-DAILY AVER
Loans s3s s 600 81 9;z 900 s15 s5sa go
Specie 49,. 25s. s2e, 200 %. 6osSoo '6.716, 300
Le ders ven eas17,soo S. 1880 '1,4ss 200
Deposits n 2oI a7e 500 Il. 2os 2:3 SEQ 7lsI 900 900
.pecrease. limited States deposits included,
81. o17,3oo
the total reserve and the total deposits on
the respective dates:
sS 5gns g 5g s6o 500 .s aRfTsa 500
Legal tenders. 69s17. 500 6s,371,60o -I439.90o
Totals $500 14s, 700 $500 $50 900 'ss, 156, SEQ
AT. deposits. 800 2se o75 so2 oes $50 1.7ea,s75
Reserve 2ss74625 SIS, e1s, $50 .sss5e, IT'S
Decrease.
The following table compares the Clear
ing House (average) statement with the
statements of corresponding dates in 1909
and 1898:
July 2. 10. July 3. 90. July 8. os
Loans 215 So 600 81, $40 200 800 81 ~ o96 90
specie. 252, SOC 800 $40, 26S1oo so6o2S'6 500
s5as! as 81 go go ss 200 SS 1 3 s SS
C4rculat'n 4s417.1oo 59,o33.2 200 SO, $4,000
The following shows the relation between
the total reserve and the total deposits on
the respective dates:
July ., 10. July s 'oa July 3. '0s;
srecfs s2S2' COS. 500 $50 26s 100 1905 623. 600
Legal tenders 6S.377.6oo T9,o36@oo 1s'les' 4eo
Totals $500. es6. 800 s3ss, S25 900 600
aFt deposits s54 a25 ssol177oo
Reserve. s1s,e1s. $50 ss4.4s6.o75 s546s5. 300
PEI cent os %,
SUMMARY OF STATE BANKS AND TRDST
COMPANIES IN GREATER NEW YORK
Not REPORTING TO THE NEW YORK
CLEARING HOUSE
ro.,s s1175o3 a 100 81, 600
Snecie mn. 131370,3Go $4,000
Legal tenders 4 1851 o., 10 80 10 10
Total deposits --.--.--.. 1,-5Vti-'oVo -o'-o-'000
Do eliminating am'ts due
from res repositories
and from other banks
and trust companies in -ooo
New York City. llo39'4,ooo o'1'e'-o0
RESERVE.
State banks 20 .cc
Cash in vault l3Si5' ~ 20 20
1enoeits in hanks and trust cos. II. 400 1541
Total MISREPRESENTATION. so-'lot'Voo Eo'0'
Trust companies 90 %
Cash in vault sioI 10 90 90 -
Deposits in banks and trust cos. 5.@62So oo.h
Total ..................-.sl4 3 COS 400 11.o3
Aggregate reserve on deposits. $40 NIZ. so
81 576 200 increase. Per cent Of legal reSe''e'
1920.