The Birmingham age-herald., 1911-08-27

New York, August 26.-The statement of clearing house banks for the week shows the banks hold s36,279,150 reserve in excess of legal requirements. This is an increase of S4,4s2,050 in the proportion of cash reserve as compared with last week. The statement follows:
 Daily average: Loans, $1.02S, sos, GOO; de- crease, $9,57o,0 00O; specie, 1862, 9oS,oOo; in- crease. s5.04s. 600: legal tenders, $S5, ,0o0, decrease, 1923 900; net deposits, NSl0,S93 900; increase, $661, ,000; circulation $4S, 3T, ,0C0 increase, $24O.OO0; banks cash reserve in vault, $3S3, ,903.O0O; trust companies cash reserve in vault, $63,54S,Oo0; aggregate cash reserve. SAT, ,451, 900; excess lawful re- serve, s36, ,279. 15O; increase, $40S2, ,050; trust companies reserve with clearing house members carrying % per cent cash re- serve, s66. .579,000.
 Actual conditions: Loans, $1,$2S. 497, GOO; increase, $1.042,000; specie, 1862. .692, 000 in- crease s2, ,653, coo; legal tenders $S5,66i,000; increase, $1S8, COO net deposits, N N,s12 l2s,000; increase, S5,047000; circulation, $4S,545,000; increase, s157.0 eco; banks cash reserve in vault S379, ,575000; trust companies cash reserve in vault, $6S, 7S1 GOO; aggregate cash reserve, s44S, ,356, 600; excess lawful reserve, $37, ,233, 300; increase, $1S00,9o0; trust com panies' reserve with clearing house mem- bers carrying 2o per cent cash reserve, s61, ,S09, GOO
 Summary of state banks and trust com panies in, Greater New York not report ing to the New York clearing house:
 Loans, $621, ,794, GOO: decrease. $,934, 700. specie se4, ,S9o 7c0: decrease, ss91 100: legal tenders, $l1. 1.6sl 300; decrease. s26o.200: to- tai deposits, $713, All, ,600 decrease, $l0,342, = QUO.
 The Financier this week says:
 It is rather analogous at this season to note that the banks of New York are adding to their cash reserves. The crop period is beginning and it's effect should be noticeable from now on.
 For the week ending August 26 the clearing house banks reported a gain of B, 3,s93o00 in legals and specie As a mat ter of fact the banks lost to the sub treasury during the week. but this de- crease seems to have been more than counterbalanced by an inflow from other sources. The loans of the clearing house institutions > at the close of the week showed an increase of $1,042O0O and this, combined with the cash gain, resulted in an increase of s5,047.OOO in deposits. De- spite the larger reserve requirements thereby necessitated, $1S00, $50 was added to reserves. the excess above the 25 per cent minimum now standing at $S7, ,233, SOO The increase in loans, following the con tinued liquidation in securities, was rather unexpected, but it is worth not -HS tIlaI tilc Wcekly rtpOTL or the trust companies of New York, as made to the banking department, showed decrease of over $12.000000 in this item. It is cer- tain, therefore, that since most of the larger trust companies in New York are members of the clearing house. that the clearing house institutions other than trust companies have expanded their loan commitments materially. The heavy ex- cess reserve carried by the banks at the h oo~i,, ,s,,<x .af !. regarded as satisfactory indication, but it is not probable that the high figure reported for the week just ended will be sustained over the fall season.