Show The Bank Statement New York April Apri 11 The statement of the clearing house banks for the week shows that the banks hold more than the tho requirements of the 23 25 2 per cent reserve rule This is an increase of 12 2 In the tle proportionate cash reserve as compared compare with last week The Tile statement follows Increase Loans Deposits 1565 Circulation la Legal tenders Specie Reserve Re erve Reserve Res vc required 3 5 Surplus Ex U S deposits deposit Decrease The percentage of actual reserve of the clearing house banks at the close cose of busi business business business ness yesterday esterday was 2863 2563 The statement of banks and trust com companies companies companies of Greater New York not members of the clearing house shows that these institutions have aggregate deposits of S total cash on hand and loans amounting to The Financier will wi say sa So far as sur stir surplus surplus plus reserve is concerned the statement of averages of the New York ork clearing clearinghouse clearinghouse house banks and the statement of their actual condition as made for or the week weekending weekending ending April Apri U 11 1 agree agee almost exactly In amount but there was wa a wide discrepancy dIscrepancy discrepancy ancy in the tho changes in the various items which brought about this result resul The Tho reports report made by the banks of their actual condition shows an Increase in loans of or O whereas the state statement state ment mont of or averages average indicated a n gain In loans amounting only to about The actual Increase in cash reported by the banks was 92 or about aboul twice as aa much as had been anticipated while the gain in cash cah on 01 the average system for tor forthe forthe the week was Taking the ac actual actual actual condition of banks as representing the tue real facts deposits rose during the he thelast thelast last six days o thus increasing the required reserve over this to contend with however the banks banks by reason of or the large gain in cash In Increased their surplus reserve 5 and the total excess reserve now no standing stand In Inal at al which makes maes a record for a along along along long period past pat It Ils Is difficult to determine what caused the sudden expansion in loans during duing the past week except on the ground gound that the financing of the Erie notes was responsible sible aible for it Government deposits In New NewYork NewYork NewYork York banks remain almost stationary but with the losses which the treasury treasur is mak making makIng ing lug to the banks on account of the cur current current current rent deficits it i is s quite quio likely or that even I with another call cal for tor the government de do deposits deposits posits In sight the surplus reserve will wi not I decrease as rapidly as otherwise might be e expected I |