The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-07-09
Bank Clearings.
BY Associated Press.

by AsSoclated Press.
NEW YORK. July s.--The statement Of
clearing house banks for the week (fye
| days. shows that the banks held Sl0.924,-
| 250 more than the requirements OF the 25
per cent reserve rule. This is decrease
| of sS7.5Ss.9oo in the proportionate cash
reserve compared with last week.
The statement follows
Loans, sSoi4.So1 900; increase. s41 1,sos.
Specie. $685.. .4oso 600 decrease. sSe.4ss. =
j. Legal gad tenders. ss2,eas.ooo: decrease,
Net deposits. sl,77s,1s5.o 900: increase.
Circulation. s4s.575.coo increase. $685.
Banks cash reserve in vault, s36e. .3s5. :
Trust companies cash reserve in vault.
Aggregate cash reserve. s4s6, 6,341 900; de-
crease SIP. .507. 900.
Reserve required. Sass, ,oss. $50; increase
| 81 $50 600.
Excess cash reserve. sl.s24.25o: de-
Trust companies reserve with clearing
house members carrying 25 per cent cash
Actual condition:
Loans. $4,000 20S, 900; increase. s62s 900
Specie. s3i5, 900. decrease. S2l. .751.-
Legal tenders. sss,62s,ooo; increase,
Net deposits. 1885,. .oos. 600; decrease.
Circulation, s4s,721.Ooc, increase. sss.
00o.
Banks cash reserve In vault. $3.50. $685.
600.
Thust companies cash reserve IN vaults
s6s. 1896 ono.
Aggregate cash reserve. s42s. .ooi 900, de-
crease. S10l, $50 900.
Reserve required, sss5 500, 900; decrease.
81. $50, 000.
Excess cash reserve. s7577. 900; de-
crease. Sl6.072. 500.
Trust reserve with clearing house mem
bers carrying 20 per cent cash reserve
Summary of state banks and trust COM
Ing TO the New York clearing house:
Loans se9l $40. .30O increase. s3.U37, 500.
Specie. s65.5o6. 500 increase, 1914. 400.
Legal tenders, s13.256ooO; Increase
Total deposits. 1884 5000; Increase
The Financler will say;
The statement of the clearing house
issued In new form, the percentage Of
cash reserve which the trust company
clearing house members carry with the
banks proper. amounting for The current
week to s65,S50. .000 having been eliminat
ed from reserve calculations Criticism
has heen made that the method en-
ployed since the inclusion of the trust
companies as members was rather mis-
leading in that 1t duplicated that portion
OF the trust company reserves carried
as cash in the banks.
The new statement shows nothing but
the actual cash held as reserve in the
vaults OF both classes Of institutions
There was a decrease OF something over
sol 900 900 in specie and egals. traceabe
for the most part TO heavy payments
by the banks on Panama bond accounts.
Loans remained almost stationary. a de-
crease OF only SECS. 900 having been re-
ported while net deposits as the result
Of heavy cash reduction contracted nine
teen and half million dollars.
The aggregate cash reserve held by the
clearing house members now totals Si29.
900 900 and the excess cash reserve Is
81. $4,000. This does not take into con
sidcration that S65. 900 900 which the trust
companies have on deposit With The
clearing house members.
The cash reserve as reported 'igurcs
out about @2 per cent, counting both
banks and trust companies, tho latter
being required TO keep only 10 per cent
cash reserve In their own vaults.
Calculated on the former methods, lhe
cash reserve would show an excess OF 2G
per cent. The separate statement made
10 the superintendent OF banks by the
trust companies in Greater New York In
dicates that during the week they eX-
panded their loans and investments near !
iy 900 and increased tie deposits |
about $4,000, 900. while the gain In cash
was Sl.000,0o0.