The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-06
HIGH RESERVES .
CHIEF FEATURE
OF BANK REPORT
Clearing House Publishes
Most Complete Statement
Ever Issued
DELAYED FOUR HOURS
OWING TO NEW FORM

rhe most complete bank statement ever
Issued nv the Clearing House was pub
lished Yesterday The additiony and i'm.
nroycuen's in !, were so numerous ow.
Ing TO the diversiication of reports by
the national banks, the state banks and
Me trust companies and other changes
that IN, publication Of the detailed state
rsnt was delayed for four hours and a
hail.
This is a record delay. II was due.
according 70 the Clearing House. to Diff
Hcultics encountered by the printer IN
getting on, the statement in its new
form rs the statement of totals. how
ever. had been prepared on a separate
form and issued a. L. o'clock, the regular
hour there vas little anxiety caused in
the financial district over the delay with
Tho detailed list.
For the first time since the issuance
~ the Clearing House statement on
august |. Immediately following the clos
WI OF the stock Exchange. the detailed
s'stere7t showing the proportion of re-
reryes 10 deposits carried by the in
dividual banks was published yesterday.
Il supnlied the feature Of the bank state
u,ent In that il showed that practically
all the banks are keeping very high re-
serves. IN practically All cases Of the
larger institutions the percentages be-
ing ruch above the new reserve require
rrents Of national and State Institutions
In several prominent cases the presen;
reserve percentages are even heavily In
excess of the old requirement OF 25
per cent for Clearing House members.
Reserve Percentages.
Though for the national and STATE
hanks the present reserve requir ements
on demand deposits are only Is per cent
number Of banks yesterday showed per
ccntages from per cent. higher to nearll
double the required amount. The Bant
~ the Manhattan reported 3i9 as rs
rcrct ntage Of reserve.
or the list compiled in the table DO
INV the National city Bank holds TIT
rev highest reserve. Of 323 per cent
70 bank IN the list OF percentages com
nled has Vet taken full advantage o
he loweg reserve requirements, the NJ
charics and Metals National among tn
national and State banks being the clos
st TO the legal tigure of IS per cent. il
its percentage OF 49,.
The trust companies, which are ~
quired To keep only IL per cent reserves
show they have taken almost full ad
vantage ~ this privilege
The abundance of money ON hand Il
the banks for loaninE is further testiiie
70 by the fact that percentages Of re
serves IN many important banks are con
sdyrab,y higher than on August !, whe
the old 25 per cert minimum was !
existence.
The statement Of totals shows de
crease In surplus reserve for the Cfa
.ng House members OF sll,7l0,i60 in tn
actual. Loans increased s22i>2.pot
Cash decreas ed S7.i05, 600 Thes change
are accounted for IN part by the takin
m Of emergency currency and the pay
mcnt TO the Government OF III new In
ternal revenue taxes The increase
loans suggests that some Of The bank
are beginning TO seek employment for tn
funds released under the new reserv
requirements.
The weekly statement Of the Clearin
House members in the aggregate is q
follows