Evening star., 1912-09-15
The World of Finance and Trade.
Washington; New York; London.
NEW YORK BANKS.

NEW YORK, September 1.-THE state
ment Of the actual condition of clearing
house banks and trust companies for the
week shows that they hold ss'6!9.15O re-
serve in excess of legal requirements
This is an increase of SSbS,6JO-
The statement follows:
Loans. 5000, sos, 900; decrease, s23, o49,-
Snecie. ss3s 4s4, 900; decrease, S9.7O4 900.
Legal tenders, Sso,974, 900: decrease,
Vet Net deposits. s52,sss,ooo; decrease,
Circulation, s4s,o 900; increase. s171,-
600. ...
Banks cash reserve in vault. sS42,s5,-
OOO
Trust companies cash reserve in vault,
Aggregate cash reserve, s416, ,45s.0 900.
Excess lawful reserve, $1,671 800: de-
crease, $2,219. 15O.- =,
Trust companies reserve with clearing
house members carrying % per cent cash
reserve. $57, ,99S. 600.
Actual condition:
Loans, s1,9i4 $4,000: decrease, s21, 1885,
600.
Specie, sss1 2o5. 900: decrease. s6,4s2,o 600.
Legal tenders. sSi, $4,000; decrease.
Net deposits. s1,ss6,sc1, 600; decrease.
$50. 423 900. -
Circulation, SAG, 600; decrease. $780,
600.
Banks cash reserve in vault. $S41,619,-
coo.
Trust companies cash reserve in vault,
S72, SIS, 600.
Aggregate cash reserve. $414. .497 600.
Excess lawful reserve, S,6l91oO; In
crease, $S6S, $50.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve, $57, ,712OOO.
Summary of state banks and trust
companies in Greater New York, not in
cluded in the clearing house statement:
Loans, s60S, 10000; decrease. 100.
Specie, $66 653, 500; increase, 1,SS0. 100
Legal tenders. $S,447, 800, decrease, $751;
500.
Total deposits, ss74.e4o. 400; decrease,
S.. .662, 100.
The F'inancier will say:
According to the report of the New
York clearing house banks, based on
actual condition at the close of business
Saturday. these institutions slightly inn
the previous week, reserve having shown
slight increase of $S6S. $50 making the
total above the % per cent minimum
requirement $3,619,7Jn. This Improvement
was brought about by the familiar pro-
cesseS of curtailing loan commitments,
the decrease in this item for the week
having reached the large sum of ST.
435.G0O, making a total loan reduction OF
$75.OOO.OOO since August "A. The heavy
loan contraction brought about a de-
crease in deposits of $50 423.O00. and as
this lessened the reserve requirements by
one-fourth the amount mentioned, the
loss of cash, amounting for the week to
$7.20S. 600. was counteracted and the ex-
cess reserve. as stated, rose slightly. The
weekly exhibit based on the system of
daily averages was not at all f1attering,
the loss of cash having been S10,O60,O 900,
and while loans fell $25,249,O 900 and de-
posits nearly $36.0O0,O0O the heavy cash
decrease reduced surplus reserve by 81
9.1JO. leaving an excess above 25 per
cent of only S1,671 500. The Independent
statement made by the trust companies
of New York shows that they are also
contracting loans. the shrinkage in that
item for the week having been $13. 139, 300
A separation of the present excess re-
serve as between the clearing house banks
proper and the clearing house trust COM
Panies shows that the banks hold SS14,OoO
above the legal requirements and the
trust companies $S57,OO0 Whether the
plea of the movement of funds to the
interior has been reached is uncertain,
but there is nothing in sight to indicate
any lessening in current rates of money.