Salt Lake Herald-Republican | 1910-07-10 | Page 24 | The Bank Statement

TIn BANK STATEMENT New ew York York July 9 Tho statement of ot clearing house banks bank for the week eek five days shows that the tho banks hold f morn more than the requirements of the 25 2 par por cent reserve rule This Is in a decrease d orense of In the pro proportionate proportionate cash cath Oh reserve as a compared compare with wih last week Tho statement fol follows ol lows lews Loans Loan s Decrease Deposits Decrease Derese Circulation Increase Legal tenders ten de Decrease 9 Specie Decrease Reserve Decrease Reserve required require Decrease De r nse Surplus Decrease Ex U S deposits deposit 1788 Decrease T The percentage of actual reserve of tho clearing banks hanka hanks today was wa 2655 The statement of ot banks bank and trust companies of f Greater r New e York YOlk not reporting to the clearing hou e showe hows Loans Decrease Specie Secie Decrease Deree h Legal tenders 2206 00 Increase Total deposits D orale The Financier will wil say l An amazing discrepancy marked the publication of or orthe the statement of the th associated banks of the tbt city of New York for the tho week weekending w weekending ek ending Saturday based bas d on tho the state statement statement ment of averages and on the actual condition of the institutions Tho The av or average orage erge statement statement the loss In specie and ant legate was Wt reported as 18 loans loan were ero reported as IS having bay ng de decreased decro decreased creased cro led while deposits foil fell The result of those these thele opera operations oper operation tion tons was to reduce the reserve on all 81 deposits by making the tho cur sur surplus lur plus reserve 1361 The statement of actual conditions showed a decrease of ot in loans an Increase of In cash cosh Ch Chand and a decrease of in do de deposits posits Tho The gain aln In cash and the de decrease crease oreave In deposits brought up p the tho cash reserve making the pres present present ent eat surplus above aboe the 26 per cent min mm There Ther Is no explanation ex explanation la nation naton to reconcile the conflicting statements but as a matter mater of o 0 fact tact the report of actual conditions probably more moro clearly defines tho the real ral position of lof the tho banks banks Tho The summary of oC state banks and trust companies not report Ing In to the New York clearing house houle showed an enormous decrease of 21 1 In loans loan a contraction of 28 In deposits and an Increase of or o about In cash The Tho trust position Is therefore ORRY er Il strong