Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-10-20
NEW YORK BANKS.

NEW YORK, October 19.-The state
ment of the actual condition Of clearing
house banks and trust companies for the
week shows that they hold 50, 4OS.9 $50 re-
This is decrease of 81 ,156, 500 from last
week.
The statement follows:
Daily average:
Loans. s1.9s5. 794 900: decrease, $500. 600
Specie. $32635O.OOO; increase. $780,
Legal tenders, ss1,ss6.ooo; increase
Net deposits, s1.774,as4.ooo: decrease
Circulation, $500 600; increase. $751;.
O0O.
Banks cash reserve in vault, $40 739,
OOO.
Trust companies cash reserve in vault
Aggregate cash reserve. s4OS. $4,000.
Excess lawful reserve, $685. coo; in.
crease. $3,SS7 400.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve. $,3. 1890
Actual condition:
Loans, S1,94O. 10000; increase. SIC. 1885,.
Specie, 1927. go, 900: increase, soa7O, 900
Legal tenders, ss2,2s7,ooo; decrease
Net deposits. s1,7so. $4,000; increase
$40. 1J4, 0OO
Circulation. s46.36oooo: increase. s74..
coo.
Banks cash reserve in vault. ss4o. 1885,.
600.
Trust companies cash reserve in vault
$50 ia, 600.
Aggregate cash reserve. $4O9. 1857 900.
Excess lawful reserve, 50. 4OS, $50; de-
crease, 81. 156, 500.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve, $50, 553 600.
Summary of state banks and trust com
panies in Greater New York. not included
in clearing house statement:
Loans, 1884 ,643, 100; decrease, 81. 433 600.
Specie So. S67, 500; decrease. $4,000.
Legal tenders. $3.50, 100; increase. $7s..
COO
Total deposits. s6o1. oes, 400: decrease
1854 100.
The Financier will say:
The statement Of the clearing house
banks of New York for the week ending
Saturday, October 10, was favorable, not
so much in the actual changes reported
as in the plain indications that the none.
tary tide. for the present at least. has
turned. On the basis of actual condition
at the close of business Saturday the
banks reported an increase OF l2.4S5 .O0t
s2,0o,OO0 in cash. and ap expansion Of
SO, $4,000 in deposits. The increase ir
deposits called for about two and a hall
millions extra reserve requirement. which
more than offset the actual cash increase
so that excess reserve fell 81. 156,5OO the
surplus above the % per cent minimum
standing at S9.4OS9JO. The report of the
banks based on the system of daily aver
ages. revealed distinctly different. changes
loans having remained almost stationary
while cash reserve rose $4.JOO,OOO and
net deposits 100000 The result was
an increase in cash reserve Of sS.SS7. 40O
the surplus above the % per cent mini
mum standing at ss,553,0OO. A signifi'
cant fact in connection with Saturdays
statement was that the trust company
members Of the clearing house had made
up the small deficit reported for two
weeks past. the gain in the trust com
pany surplus having been $3.50, 80.
The Independent report Of the trust
companies as made Saturday showed that
this had been brought about largely by
the decrease in loan commitments, etc.
which correspondent closely with the in
crease in loans reported by the banks
proper The statement was Influenced to
some extent by the foreign complications
and unloading of securities in this mar
ket, and also by preparations for one OF
two financing operations now under way