Show The Bank Statement Nw New York lItIa May o of afra averages of oC the clearing banks fUks of this cit city for the w week k shows how TARN Loans Ll i increase M increase se increase fIt 44 J FesI I tenders i decrease ea 43 I S 1 4 R Reserve Wt decrease ge I 1710 till 4 R Reserve ve Increase t r T V S deposits decrease 91 TIM The Financier says 11 I Iatt w s official statement o of the Ulf New tw York associated 1 beaks ks was ml much k tm than sas expected chiefly h n for the reason that there wits wAs R a large xO Instead of ef II a looked for Cor in loans Because of such in increase tIe in hi this U item Ift t the loss of cash and the of ef reserve r require deposIts rl f reserve was wa nearly rl cot ut In half carrying It to within about t tiC 1 the low t or of tile year which was recorded March Marh 19 18 Thu Increase In l loans can call be accounted f fr r In no other WAY than it was due I to syndicate operations for fer there was al moat continuous liquidation In the stock market during the week which should hayo hAvo result resulted In a large larte contraction In Cash rt reserves sr s decreased a sum smaller than that whIch was voas estimated uOn the basis of the tbt t traceable ceable move movements meats ments of money moner during the week tor th differences een tHe estimates and andt t actual loSt loss in tilts this Item was w s p due dae to the system a of bank aVer averages etI The fie increase t of deposits was less Jes tn then tM the sum or of the i increase in loans bait the loss o of cash b therefore roe the state meet 1 WIt was technically set t of ef proof The TIte surrender r of oC public deposits its which was in progress through the New York banks during the week on their own account and from their e correspondents and which I oJ ir na ti amounted to about was not fully reflected in the statement there ther having been a reduction of only in this Item compared with the previous us week which reduction represents about the amount of surrenders of public funds b by the db city banks benks for themselves alone The required reserve again de deposits posits was augmented b by tOO which added to the loss or of cash as above noted makes as the reduction In sue sur surplus plus reserves Computed upon tM the basis baliS of deposits less those of public funds the surplus Is lt One fe ture was an Increase of In circulation atlon the most important gain since the beginning of the month |