The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-10-09

said the bill would cause a loss of So
100000 of deposits by his bank, but he be-
lieved the measure was step in the
right direction. The bill, he thought,
would increase rather than decrease the
financial supremacy of New York City.
How New York Loans Money.
A rather interesting statement was
made at the annual meeting Of the New
York Clearing House Association, held
yesterday, in which the amount of loans
made to brokers for their correspondents
in other cities and the amount OF loans
made by bankers direct to brokers in
New York City was given to the public.
1t shows that Wall Street is on its
own account, a borrower of % per cent
Of the banks money
According TO the latest combined state
ments the capital of the Clearing House
members is now $l79, 600; the surplus
and undivided profits, 1906. 200; the av-
erage net deposits, 81, 7S3. 900; the loans
and discounts and investments, N'942i-
81, 900, and the cash, $H6,224,OOO.
The figures are based upon the transac-
tons of thirty of the largest banks and
trust companies. each having approx
mately $2OOOO.OOO or more of loans and
discounts and aggregate loans and dis
counts of N.226 g7L5OO, as of September
"a, 1918.
Loans made to Wall Street brokers for
account of correspondents 800
Loans for banks account
To Wall Street brokers. 2si $500
Other loans, discounts, and advances
Of every n,ture distributed soOsr'Ph-
Eastern States least Of the Ohio)..... sl7 SO 500
Southern States ........................ T7ilO5OO
Western States ACKNOWLEDGEMENTS. 1879 600
Foreign canada, &c).................... 2ssssOO
Total banks own account. re ga 800
1t will be noted that the Wall Street
loans made by the banks for their own
account form but % per cent of the total,
and that nearly. one billion of the twelve
hundred million was loaned outside Of
Wall Street, of which nearly 5i2 million
was loaned to points in Southern and
Western States.
The transactions of the association for
the year ended September 80, with those
Of the preceding year, as follows:
1915 1872
Exchanges. .............. SslaSN2g S@.e72 800 So
Balances. ............... 5lHIOJi 5.O5l.3 81
TotaI................ sO3.85.e5o5r sOLT35 SIS I55
The average daily transactions for the
year ended September 30 last were: Ex
changes So. So, 400; balances sl69T7,32S;
total, S54OSlO,72S.
The total transaC tons since the or
ganiZatiOn of the association. sixty years
ago follow: Exchanges, s., "a. So. OSl;
balances, $ll26SS, ,Gj5; total, 1851, 49,
1906.
The largest exchanges on any one day
during the year occurred on October .,
1912, and amounted to 500. ,791. and the
largest balances on October 3. 1872
Sc. 1885.
The largest transa Ctions on any one
day during the year occurred on October
>. 1912, when they amounted TO S629,54O,
81.
The smallest exchanges on any one day
during the year were on March %, 1872
when they amounted 10 only $l52. a. 224,
and the smallest balances on August IS.
1913. when they were only $S.216,S74
The smallest transactions on any day
during the year were on March %, 1878,
when they were only $162.Ol9.99i.
The largest daily transactions in the
history of the association We're on No
vember ;, 1903, and were as follows: EX-
changes, S136. 46l As: balances. 81. 612. 1913.
total of 1854. l33, 94l. The largest bal
ances in the history Of the association
were on October ;. 1906. when they
amounted to 81, 81, 100.
The New York Clearing House Associa-
ton is now composed of thirty-one ma
tional banks, seventeen State banks, and
fifteen trust companies. The Assistant
Treasurer of the United States at New
York also makes his exchanges at the
Clearing House.
There are twenty-five banks and trust
companies in the city and vicinity not
members of the association which make
their exchanges through banks that are
members, in accordance with Constitu-
tional pCVyisons.