Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-03
NEW YORK BANKS.

NEW YORK, December 2.-The state
ment Of clearing house banks for thu
hold $4.175O reserve in excess of lega
requirements. Thissis a decrease of 100,
$50 in the prOportionate cash reserve, a:
comI AIRED with last week.
The statement follows:
Daily average: Loans. $1,000, 454. 600
decrease, $15, eco; specie $317, $40. 900
decrease, 81, 1886, co., legal tenders, ISL,
36s, 600; decrease. $607,O 900; net deposits
81. 743, 284, 600; decrease, $25,o41,O 600: cir
culation, $50, 75S.OO0; increase, $4,000
banks cash reserve in vault 1885, OH 900
Trust companies cash reserve in vault
$63, 637 600. Aggregate cash reserve. 1898.
1884, 600. Excess lawful reserve, $4,175.-
coo; decrease, $5,2OO.9oO. Trust COM
bers carrying % per cent cash reserve
$52, 994 900.
Actual conditions: Loans. ST. So. 994 600
decrease, $25 .2s3, 600. Specie. 500, 827 GOO
&C.,, 600; decrease. 600. Net depos-
it's, Still, 10000; decrease, S49.512.OOO
Circulation, O,6O1, 600; decrease. sos, 90
Banks cash reserve in vault. $50 200
Trust companies cash reserve In vault
SOS. :s96, 600. Aggregate cash reserve. $685.
decrease, $7.683, 400. Trust companies re-
serve with clearing house members carry
ing % per cent cash reserve, Sol, 41t.OOO'
Summary of state bank and trust COM
X
ing to the New York clearing house
Loans, 5000, 1856 400; increase, S., 800.
Specie, $63. 415, 800; increase, $1,O-S. $40.
Legal tenders, $1O.S4O.jOO; decrease, $50,
800. Total deposits. $685., COX. 300; increase.
So, 725, 200.
The Financier will say:
The extraordinary decrease of $19,661,
600 cash shown in the clearing house bank
statement of Saturday resulted, despite
an accompanying contraction OF $49, d.
in, in, al
excess reserve, the surplus above the re-
quired % per cent minimum standing at
the close of the week at $l.3oS,9O. Inc
changes, compared with the previous
statement. were very much larger than
preliminary estimates forecasted. and 1t
was rather difficult to account for some
of them. Loans shrank SIS, $4,000. and
this, together with the cash loss, explains
for the contraction in the latter item
which relieved reserve requirements by
nearly $12.J0O,O0O. the decrease in the
surplus item would have been heavier
than the amount actually reported
namely, 1868, 400.
1t is rather striking fact that while
the clearing house banks. including trust
company members, showed a heavy de-
crease In loans. the weekly statement OF
the trust companies as a whole tnuIcAted
an increase OF nearly $1050O.0OO, with a
corresponding gain in deposits. The
clearing house banks proper, therefore,
must have reduced their total OF loans
and other items to an amount greater
than revealed in the combined statement.
In view of the figures just given the
gradual hardening of money during the
week is not at all a mystery, but remem-
bering that there are at least $1o0.C0O.oGO
of American credits available in Europe
and that money will soon be flowing in
Fl this direction from the interior. II for no
other reason than to take advantage OF
the slightly higher rates. there seems to
be NO occasion for alarm that the local
money market is working toward q state
of stringency.f