Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-05-21
Big Loan Expansion.
new YORK BANKS.

NEW YORK. May 20-The state
lnent OF clearing house banks for the
week shows that the banks hold $45.-
e74.575 more than the requirements of
the % percent reserve rule. This ia an
Increase OF 81. 780,550 in the proportion
ate cash reserve as compared with last
week.
The statement follows:
Daily average:
Loans. 1892 o45.4oo. decrease S.
Specie. ss17.4s2.oo. increase s1.a7s 900
Legal tenders. s74.s24.5oo. decrease
Deposits. s1.sss.s27. 700. decrease $751;
Circulation. s4soss. 500. increase ,4o.-
reserve. sssa,4os.soo. increase. $685.
Reservs required. ss4s.1sl.sss. de-
Surplus. :45.s74,675. Increase $780,
$50.
United States deposits included. ST.
SGT 800. increase $4,000.
Actual condition:
Loans 81 $50. $50 600. decrease 81. 227. 500.
Specie $317 GIT. 100. increase $296200.
Legal tenders SIS. sO1 .OO increase So
o21. 300.
Deposits s1.sss.se2.ooo increase $780,
200.
Circulation s45es4. 600. decrease s1ea 400.
Reserve $685.. 42S, 700, increase S2.316 400.
Reserve required s346. $50. 500, increase
40. 500
Surplus SAC. sas 200. increase sc.17se7o.
United States deposits included $780,
300. increase s24.7O0.
Summary of state banks and trust conn
panies in Greater New York not report
Ing to the clearing house:
Loans $1.1G $4,000 increase S26 726 OOD
Specie lx2.SO1 500. increase $685. TOO
100
Total deposits s1,33s31s.OO increase
t22 IA. 300.
The F1nancier will say:
Judging from the returns of The Nav
York banks and trust companies for the
week ending Nav 30. whatever loan ex-
pansion grew out OF the suddenly IN
creased stock exchange operations went
70 the trust companies. or at least the
loans OF the clearing house banks have
been shifted to those institutions The
statement OF the associated banks. based
On actual conditions Saturday. revealed a
decrease OF s1.2e7. 500 in the loan item,
while cash expanded S231G 40O This u-a g
little less than indicated bv known cur
rency operations. but as matter Of
fact the outside institutions made gain
OF nearly three and one-half millions in
cash, some part OF which at least renre-
sents the continued flow of money 10 Now
York. The deposits of the clearing house
banks increased only S5Cc 800 while fhe
deposits OF the trust companies and other
outside institutions, as a result, Of the
this connection II is interesting To record
the fact that within the last sixty DAYS
the trust companies have increased their
deposits nearly SlOs.oOo0t0. while the de-
posts OF the clearing house banks have
decreased about S11,O00.Opo. Trust com
panfes' loans in the similar period have
expanded about $9s.OO0OOO, while the
clearing house figures show that the as
sociated banks have decreased their loans
k2T.o0c,oOJ. The statement of averages
Of the associated banks for the week end
Ing May % did not correspond with the
statement or actual conditions. The sur
plus above the - per cent requirement.
based on averages. is So. 67457 while
the actual condition surplus stands at
1855. 200. The cash reserve OF the
clearing house banks Is 2S.42 per cent.
while the trust companies reserve Is 1875
per cent. and including the state banks
and other outside institutions the percent
age of reserve of all institutions outside
the clearing house is 17.7 per cent.