The Birmingham age-herald., 1912-07-28
Clearing House Statement

New York, July 27.-The statement of the actual condition of clearing house banks for the week shows that the banks hold S19, 800 reserve in excess of legal requirements. This Is an in crease of $72.700 in the proportionate cash. reserve as compared with last week. The statement follows in de- tail. Daily average, loans, $2,041,744,- 900; increase, s2,779.000. Specie, $35S. 633,000; increase, $5,473,000. Legal ten ders, $SS,s0S,000; decrease, s356,000. Net deposits, $l,906, SOP, 900; increase, $i, 645,000.
 Banks cash reserve in vault, $373, 564,000; trust companies cash reserve in vault, $73,S77,000; aggregate cash reserve, SAY, Al, 900; excess lawful re- serve, s1S,S01.S00: increase, $3,142,650; trust companies reserve with clearing house members carrying 25 per cent cash reserve, $71,916,000; actual condi- ton, loans. $2,042,S17.000; increase $6,S79.000. Specie, s360.207. 900; increase, s3,10S,000. Legal tenders. sS8,34S, 900; decrease. s22S.000. Net deposits, $1,90S,- 126,000; decrease, $7,722,000. Circulation s45,769,00 decrease, $324,000. Banks cash reserve in vault, $377,01S,O00. Trust companies cash reserve in vault, $7,- 537.000. Aggregate cash reserve, $44S. 555,000. Excess lawful reserve. $19,- 2SS,50o; increase s72.7o0. Trust com panies' reserve with clearing house members carrying 25 per cent cash re- serve, $74165,000. Summary of state banks and trust companies in Greater New York not reporting to the New York clearing house; Loans, $616,S33,- TOO; decrease, $5,204. 900. Specie. $66,- OS2, ,60O; decrease, $l ,463,700. Legal ten ders, SS,447.900; increase, S64.900. Total deposits, $697, 300; decrease, s44,450,- 500. Daily averages show circulation, $45, 739,Ooo a decrease of 20S,ooo.
 New York. July 27.-The F'inancier will say:
 The New York clearing house banks gained money from the +erior during the week just ended, althoY the S2.sS0,O00 in- crease reported in Sse rday's. statement was less than half th amount indicated by preliminary estimates. The drastic process of reducing loans which has been shown for several weeks past seems to have ended, and the banks this week in creased their loan commitments by s6.- Ss9O00. Deposits as a result of the changes noted rose $7,722,O GOO, and the in creased reserve requirement thereby ne- cessitated counteracted the cash gain, so that the banks ended the week with gain in surplus amounting only to $l2,7oo. the present total above the 2o per cent minimum standing at $19. .23S,5o0 These figures are based on the report of actual condition.
 The statement based on averages showed a similar tendency as to increases and decreases and surplus reserve fig ured on the average system amounted to $1S.Sol, 800.
 The individual report of trust com- panies in Greater New York revealed a heavy decrease in loans. which indicates that some of the commitment they took over while the banks were reducing the loan item are being taken back by the banks. The fiuceuNions of domestic ex- change Ut interior points, due to increas- ing harvest demands, lent ground to the beuef that the movement of money in this direction will soon give way to an op- posite tendency.