Salt Lake Herald-Republican | 1909-10-03 | Page 35 | The Bank Statement

1 The Ba Bank k Statement nt v 4 NeW ew York Oct 5 The statement t of clearing house bank banh banki for the th week shows that tue tie banks hold bold more than than tho the requirements of the te 25 rf per cent reserve rule This is a D de decrease crease of in the proportion proportionate ate week week cash reserve as compared with wit last lat Tho The statement follows Loans decrease 7 Deposits Depsis decrease Circulation decrease Legal tenders decrease I Specie decrease 6 Reserve decrease 9 2221 1 Reserve required decrease de decrease crease Surplus decrease no States State deposits Ui 5 decrease The Te percentage of actual reserve of the clearing house hOle banks today was 2515 The statement of banks and trust companies of Greater Greter New ew York not reporting to the clearing house shows that those thoe institutions have aggregate deposits of total cash cashon casho on o hand and loans amounting to The Financier will m say sy Apparently through a contraction of bank loans which was wa affected by hy the transfer of the trust companies during durin the week the bank statement was wa slight slightly ly more mor favorable than was Indicated by bythe bythe bythe the early estimates The cash loss lOB was earl expected to be b as great get as a seven millions owing to transfers to Canada Canada to San Francisco for Japan and ad to the interior for the th crops While cp the actual cash cah decrease deres was WP U p ward of 12 1 millions the required re reserve r reserve serve see against deposits was wa reduced chiefly through a transfer of the greater gater part of the loans lons to the trust companies so s that the te actual surplus of the banks decreased only to com corn computed computed on the basis of deposits less les those thos of public funds the surplus is The Te above abe noted low bank re ye r serve was ws chiefly due to the coincidence of the distribution beginning with wih the end of the week of October interest and dividends aggregating 1600 such distribution will wi probably be b completed In Inthe Inthe inthe the the statement statement current curent week favorably influencing