Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-06-09
Ready for Midyear Statements
NEW YORK BANKS.

NEW YORK, June S.-The statement of
clearing house banks for the week shows
that the banks held SGT 456.45O reserve in
excess of legal requirements This is a
decrease of $T35, $50 in the proportional
cash reserve as compared with last week.
The statement follows:
Daily average:
Loans. so,O22, 1s9, 900; increase, s11, 2os.-
COO
Specie, 1911 ,176,Oo0: increase, 81, 117.000.
Legal tenders, $S4, 49, 900; decrease.
S1i3 600.
Net deposits. 81 .s97. $40, 900: increase.
Circulation, SAG, 96e, 600; decrease, s19s-
Banks cash reserve in vault, s3s4.3o1,-
COO.
Trust companies cash reserve in vault.
$11, 131 600.
Excess lawful reserve, ST. 4J6. $50; de-
crease, 1886, 100.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve 500 80, 600
Actual condition:
Loans, s2,O42, III 900, increase. $685.
Specie. s377,ss1 900: decrease, S9.737 900.
Legal tenders, ssio59,OOO. decrease.
Net deposits, sl.91s,sl4.ooo; increase,
Circulation, s47. oe3 900: decrease. SOC 900.
Banks cash reserve in vault, $751;
go. 600.
Trust companies cash reserve IN vault.
sI4, $4,000.
Aggregate cash reserve, $f61 $40, 900.
Excess lawful reserve. $50, 800; in
crease. $5.047 500.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve M3 :Stl1 GOO
Summary of state banks and trust COM
panies in Greater New York. not reporting
to the New York clearing house:
Loans: S612, 46S 600; decrease, So, 101,
800
Specie, ss3, 400. 800; decrease, s4.329. 800
Legal tenders, sl0,794.6OO; decrease,
$3.50 roo
Total deposits. s71o.o7oeG; decrease,
ST. .G23. 400.
| The Financier will say:
/ The merger of the Knickerbocker Trust
Company, an outside clearing institution,
with the Columbia Trust Company, a
clearing house member, accounted, in
part, for the very large increases reported
| by the New York clearing house banks
! for the week ending June $. For instance,
the report based on the actual standing
of the banks Saturday showed a gain
/ in loans of S26, $4,000 as compared with
| an expansion of S11, 200, 600 reported in
the same item In the statement based on
daily averages which latter did not take
! into account the full effect Of the &C
cesson from the source reported. The
gain in cash during the week was $S.028.-
600, which, in view of the facts just stated.
was not as large as had been anticipated.
Net deposits rose $50, 414,O0O. AS the re-
suit of changes made in other items the
banks increased their excess reserve $5.-
O47 500, the present surplus above the %
| per cent minimum standing at $50, 533,
1900 This is S3OOO.0O0 in excess OF the
surplus reserve figured on the system of
averages. The weekly statement of trust
companies made independently of the
clearing house report showed, as might
have been expected. very large changes,
| the institutions not reporting to the clear
! ing house having undergone a decrease of
S32 coo 600 In loans, a decrease in cash of
about So, 100000, and decrease in net de-
posts of almost S35, 00o,O0. These rep
! resented the withdrawal of the knicker-
booker Trust Company totals from the
| compilation.