The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-09
RANK sTATENIENr.


New York. Oct. s.@The statement O
clearing house banks for the Weel
shows that the banks hold s5,940, 00t
more than the requirement of the 2l
per cent reserve rule. This is a de-
! crease or s4.SS4. Geo in the proportional
cash reserve, as compared with las
week.
The following is the New York clear
Ing house summary OF the weekly
statement OF banks for the week end.
ing October s:
Clearing house banks daily aver.
Loans. sI.a7sls1.OOO; decrease. s1s..
Deposits. I.a4s.aas.OOO; decrease. ,27.,
346,0 0O.
Circulation. s4s.llO.oOO; increase
Specie. ss5I.sss .OOO; decrease. ss.719,.
Legal tenders, sss.sb7. 900: decrease
Lass, 900.
deserve. 1s1s252. 900: decrease. al
170, 600.
reserve required. ss12sO7.OOO; de-
crease. Sc. $780, 600.
Surplus. S5,s46.00O; decrease. s4.S36.-
Eek United States deposits. $s.S4s, OOOt
decrease S4.S1S.0O
Clearing house banks actual eondi-
Leans, sI.2ss.O5OOO 600; decrease. $751;
Deposits. 1.28s. Oss. 900; decrease. Sra
196, coo.
=. Circulation. s4s.1s7OOO; increase
specie. s24s.s4O.OOO; decrease. .4.51s.-
Legal tenders. sss.s7O.OOO: increase.
Reserve. Is1s.61O.OOO; decrease. s4.-
$4,000.
Reserve required. 5000. 1922. 900; in
crease. Sass. 600.
Surplus, s6,sss. OOO; increase. $1,000
Elk. United States deposits. 1898. 600:
Increase, S2,052,0Oo.
State banks and trust companies of
Grseter New York not reporting to the
Loans. sl.II5.ss5,OOO; Increase, s1s,-
Specie. slgs. sOs.OOO: increase. $780,
Legal tenders. s21.5s2. OOO; increase.
$lSl 600.
Total deposits. s11ss. $4,000; de-
crease, 81, $50, coo.
The Financier will say:
BY d sharp contraction of loans
amounting 10 S16.09S, 200, which in turn
accounted in large part for a decrea Sc
OF s24,975,500 in deposits and a cor
responding decrease of over sc, GOO. 900
in reserve requirements, the clearinS
house banks OF New York were enabled
last week 10 more than offset the loss
OF $4.1s2, 400 in specie and legals. and
the result was an actual increase of
plus above the 20 per cent minimum to
S6.9S7,S25. These figures are based on
the report OF actual conditions, but
the statement OF averages issued Sat
urday reflected operations already in
cluded in the previous weeks actual
statement.
The reserve figures on the average
returns are S5,945, 500. The loss of cash
to the interior last week was not as
heavy as reported for the previous
seven days, and the outlook is that the
drain for crop purposes from this on
will soon be offset by a return flow IN
this direction. The summary of state
banks and trust companies not report
ing to the New York clearing house
seems to indicate that the burden of
loans which the clearing house banks
are throwing off is assumed by the
trust companies and outside institutions
which show for the week an increase
OF So, 647, see in that item. Taking
into consideration the season OF the
year. the statement made by the banks
on Saturday was favora BILE in all par
ticulars.
It is 10 be noted in connection with
the current bank statement that the
gains and losses were to some extent
BY the admission of the
Union Exchange National TO clearing
house membership, but the trend OF the
weeks operations would have been
even more clearly defined otherwise
than If the new membership figures
had been deducted from the analysis.