Show DANK BANK STATEMENT STATE T New Now York Oct 8 iThe statement of ot clearing house banks banka for tor the week shows showe that the banks banka hold more than the requirement of oC the 25 5 per cent reserve rule This is Ic a de orease of ot In the proportionate cash reserve as aa compared with last lait week The following is the New York clear Ing house summary of the weekly statement of at banks for tor the week end in n October 8 I Clearing house hou e banks bauks daily dally aver averages a ver ages as Loans Loane decrease 18 13 Deposits Depo ts decrease 27 7 Circulation increase Specie decrease Legal LegIll tenders decrease i Reserve 3 decrease 11 Reserve required de decrease decrease crease orease Surplus decrease Ex United States deposits deposIt decrease Clearing house hOUe banks actual condi condition tion don this day I Loans Loons decrease 15 Deposits decrease 24 76 It Ne increase Specie decrease 1516 Legal tenders Increase Reserve decrease 84 4 Reserve in crease Surplus Increase 2006 Ex United States deposits increase Be State banks and trust companies of Greater Gr ter New York not reporting to the clearing house Loans increase 12 U 1 I Specie increase 1640 Legal tenders Increase Total deposits de decrease decrease decrease crease The Financier will say By a sharp contraction of Moans loans amounting to which in turn accounted in Sn large part for tor a decrease of OO in deposits and a cor corresponding corresponding responding decrees decrease of ot over oyer in reserve requirements the clearing house banks of ot New York were enabled last week to more than offset the loss of ot in specie and and the result was vas an actual increase of in reserve bringing the sur surplus surplus surplus 1 plus above the 25 Ii per cent minimum to These figures are based on the report of actual conditions but the statement of at averages Issued Sat Saturday Saturday Saturday reflected operations already In Included Included eluded in the previous weeks actual statement The reserve figures on the average returns are The loss of ot cash to the Interior last week was not as heavy as reported for tor the previous seven seen days das and the outlook Is that the drain for tor crop purposes from this on will soon lIoon be offset by a return flow In Inthis inthis this direction The summary of ot state banks and trust companies not report Ing lag to the New York clearing house seems Beems to Indicate that the burden of ot loans which the clearing wearing house banks are throwing oft off is assumed by b the trust companies and outside institutions which show for tor the week an increase of ot in that item Taking Into inlo consideration the season of the year ear the statement made by the tha banks bankson on Saturday S was favorable in all par particulars particulars particulars It is to be noted In connection with the current bank statement that the gains and losses were to some extent affected by the admission of ot the Union Exchange National to clearing house membership Jut but ut the trend of ot the weeks operations would have been even een more clearly defined otherwise than If it the new membership figures had bad been deducted from the analysis |