The sun., 1919-10-08
BANK CLEARINGS
AT HIGHEST MARK
Exchanges in This City Reach
14,703,444,423 for Year
Ended Sept. 80.
rs GAIN OF S32,2OO,OOO
During Year New Record for
Balances in One Day Is
Established.

The total OF exchanges through the
New York Clearing House during the
year ended on September 80 were s214,-
| 7O3.444,423. which exceeds by S32.200,-
| 600 the highest previous years record,
touched In 1917. During the year ended
| on September 80, 1918, the exchanges
reached s174,524.179,02S Those figures.
| illustrating tremendous expansion in
business and trade, were made public
yesterday following the annual meeting
| OF the New York Clearing House Asso-
| citation. During the year just ended q
| new record was established for balances
| In day, S144,S61,029 being the total
reported for September IS. The largest
| exchange on any day during the year
was s1,15s,279,72s, on September 16
which did not establish a new record
the exchanges for February 9. 1917,
having been s1.21S,5S6.762.
The largest transactions on any day
| totalled s1,2s0,733,S79. on June IL.
against $1,015. 5.S50.7s9. the largest day in
1918. The smallest exchanges in any
day were s304.443,O4o, on March 26, and
the smallest balances, s3S,939,231. on
April 10. Smallest transactions occurred
on March 26. when s34S.97o,S95 we're
recorded. The total transactions since
the organization of the Clearing House,
sixty-six years ago, Is S2.499, ,S72, ,056,155
divided between exchanges, S3,317,S19,-
1898 and balances, S1S2,052,943.032.
Twenty-eight national banks, fourteen
State banks and fifteen trust companies
compose the association. The Federal
Reserve Bank of New York, the As
sistant Treasurer OF the United States
at New York and the Clearing House
collection department also make ex-
changes at the Clearing House, making
a total OF sixty clearing institutions con-
nected with the association. Fourteen
banks and trust companies in New York
and vicinity are not members of the as.
ISOLATION. which make their exchanges
through banks that are members AMI
consequently through the Clearing
House.
The Clearing House transactions for
the year have been as follows:
1919 1918
Exchanges ........,2i4 7os,iil4ss slI45?ll!s,o ,o2s
Balances .......... ?o,95O.4774s2 l7.25jos2,s7l
Total transact's. s225 65s. .ssi,s5i sls,77s2n.s $50
The average daily transactions;
balances .......... sslisisO 5s,sii,ioi
Totals ........." .77.7as.ns sss2ssi,7si
Albert H. wiggin. chairman of tho
Chase National Bank, was elected presi-
dent OF the association for the ensuing
James A. Stillman. president of the Ma
tIonal City Bank. was made chairman Of
the Clearing House committee In place
Of Mr.. Wiggin. The other members of
the committee are Otto T. Barnard. Will
lam Woodward. ]. s. Alexander and
, Theodore Hetzler. Herbert X. Twitchell.
president OF the Chemical National Bank,
was elected secretary. succeeding Theo-
dore Hetzler, and William ]. Gilpin and
Clarence Z. Bacon were respectively re-
elected manager and assistant manager.
| Charles A. Hanna was reelected exam
| iner.
Other committees appointed were as
| follows: Conference committee-Walter
II. Bennett, chairman; Harvey II, Glib
| on, Charles Elliot Warren, Seward Pros
ser. Stephen Baker nominating commit
tee-John McHugh, chairman; Herbert
p. Howell. Henry Ollesheimer. Clarence
H. Kelsey, Edwin So Schenck committee
on admissions-Henry H. Powell. chair
man: Edward L. Watts, G. Foster
Smith, Howard Bayne, William X. Clev-
erley arbitration committee-Edwin z
Maynard, chairman Louis q. Kaufman
Francis d. Barlow. Frederick Z. Gunni-
son, Harold c. Richard.