Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-03-31
ATLANTIC CITY. N. J.
NEW YORK BANKS.

NEW YORK, March 3O.-The statement
of clearing house banks for the week
shows that the banks hold 5000, 100 re-
serve in excess of legal requirements
proportionate cash reserve as compare ed
with last week. The statement follows:
Daily average:
Loans, 500. as5 600; decrease, $4,000
Legal tenders. $S4,452Oo decrease.
$685. 900.
Net deposits, 1882 $4,000: decrease.
Circulation. s4s.414,ooo: decrease, s1,21s,-
Banks cash reserve in vault, 1858, 0o4,
600.
Trust companies cash in vault, s6s,
SO5, 600.
Aggregate cash reserve, $436. 800 600.
Excess lawful reserve, $s,O3O.OOO de-
crease. $5,311,S 500.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve, S5S, $40 900.
Actual condition:
Loans, 2,O56, 5s5. 600; increase, 3d.
$4,000.
Specie, $346. 400, 600; decrease, SIC, 2e4. 900.
Legal tenders. ss4.772.o0o; decrease.
Net deposits, s1.so2, o45ooo; increase
Circulation. s4s.s4s.ooo; decrease. ST.
$4,000.
Banks CdSn reserve III Vault 3jOO,1S0,-
600.
Trust companies cash reserve in vault,
$67, $40 600.
Aggregate cash reserve. $431, 232. 900.
Excess lawful reserve, $4s7,550 de-
crease, $11, $50.
Trust companies reserve with clearing
house members carrying % per cent cash
reserve, 62,3O4, 900.
Summary of state banks and trust COM
panies in Greater New York, not report
in n the New York clear hnnSo-
Loans, S6O7 ,S13, COO; increase. 81 ,S49, 800.
Specie, 1854. 800; increase, $3.50, 800.
Legal tenders. $1O,s41 800; decrease.
Total deposits, $780, 1eo. 400; increase.
$191. 100.
The Financier will say:
According to the actual condition state
ment for the week ending March 80 the
excess reserves of the New York clearing
house institutions have been practically
wiped out, the amount of surplus above
the % per cent minimum standing at less
than ore-half million dollars. This rather
through the reported shrinkage of $1O,-
1874, 600 in cash. which total was much
larger than preliminary estimates fore
caSted. the known operations of the week
ment and with the subtreasury of about
So, 100000. The discrepancy is traceable
probably to April settlement adjust
ments. The loans Of the banks. taking
the actual condition report as a basis.
expanded S13, $4,000, while deposits in
creased 81, 49,, 900.
Thus the cash loss not only came out of
excess surplus. but the expansion in de-
posts called for additional requirements.
and this accounted for the decrease of
$11. TAI, $50 in excess reserve. Taking the
statement of averages as a basis. the
loans Of the banks for the week remained
stationary, the cash loss was st, 339, 900.
while deposits decreased about So, 025, 900,
and the excess reserve was reduced
So, O3O 100, leaving the remaining surplus at
So, 81, 500. The banks and the first quar-
ter Of the year, comparing reports of
averages, with an excess reserve of
IS, 5O0,OO as against almost double the
amount at the opening of the year, their
loans in the three months elapsed have
increased SITS. 500 900. deposits have ex-
banded $169 1000. 600, while cash in hand
has increased $50, 100000. 1t will be seen
that the tendency toward f1rmer money
rates under such circumstances is only
logical