The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1912-08-04
CIearing House Statement

New York, Ausust3-fhe statement of
the actnal conditions of clearing house
banks for the week shows that the
banks hold $40, S9s,950 reserve today
In excess of legal requirements.
This is an increase of s1,160,450 in
the proportionate cash reserve as COM
pared with last week.
The statement fealoYs daily aver
age, loans. $2,041,422,000: decrease,
s322.Oo0. Specie. 1861. 300. 900; increase.
s2,676,00O. Legal tenders, sSS,51S, 900;
decrease, s290.OOo. Net deposits, ST.
911,019, 600. increase, $4,217,000. Circu-
lation, $45.5S7.000; decrease, s202,000
Banks cash reserve in vault, s376.5S6,-
600 Trust companies, cash reserve in
vault. s73.241.O00. Aggregate cash re-
serve, s44s.S27,0O0. Excess lawful re-
serve $20,252,150; increase, S1,450,350
Trust companies. reserve with clearing
house members carrying 25 per cent
cash reserve, $72,136,000. Actual condi-
ton, loans. s2,040.07l, 200; decrease, ST.
$4,000. Specie, s360.9S0, 900: increase.
s773,000. Legal tenders, sS7, 900; ;
decrease, $647.0O0. Net deposits, ST.
e04, 627. 900; decrease, $3,499,00O. Cir
culation, s45.377, 900; decrease, $4,000.
Banks. cash reserve in vault, 1876, 002.-
900. Trust companies cash reserve in
vault, s72.679,000. Aggregate cash re-
serve, s4iS,681, 900. Excess lawful re-
serve, s20.3SS,950; Increase, SLIGO, $50.
Trust companies reserve with clearing
house members carrying 25 per cent
cash reserve, $71,491, 900. Summary of
greater New York not reporting to the
New York clearing house loans, s612,-
$4,000; decrease, $4,259,300. Specie,
$64,931 600. decrease, $1,015.600. Legal
tenders. $s.11s, 500; decrease, 1928. 400.
Total deposits. $697.927, 400; increase.
$eS5,5o0.
The Flnancier will say:
The New York clearing house banks
made a strong statement for the week
ending August 3. this despite the fact
that The anticipated gains in cash were
not realized. The preliminary estimates
were that the banks has added some
thing like s3c0o,000 to their specie and
legal holdings as result OF the past six
DAYS operations, but in the actual state
ment the gain indicated vas only $780,
600.
Tho statement of averages showed an
increase in cash of 81, 5000, hut this re-
ferred to the earlier operations and not
current business. The loan commitments
Of the banks still are decreasing, the
.khrinsage for the week having been ST..
$4,000.
Ii was noticeable that the separate
statement of trust companies showed a
decrease of $1,000. 900 in loans from which
1t is 10 be inferred that the banks prop
er are taking ever some of the trust
company commitments. Deposits as a
result of the changes already named de-
creased s3.489.0O0 and as this lessened re-
serve requirements, the excess cash re-
serve actually rose 81. 1G0, 45o. the present
bIrplus above the 25 per cent minimum
4tanding at s2A, 3ss, $50.
IN the s11ufr1nr I,oc sod IN daily aver
ages the excess reserve is reported at
s20,252,150. While the position of the banks
is strong, the requirements soon TO be
made on them for crop movement and
other purposes 10 the belief that there Will
be use for all the money that the banks
can comfortably spare over the coming
months of the year. particularly in view