Salt Lake Herald-Republican | 1907-10-20 | Page 29 | The Bank Statement

The Bank Statement New York Oct OcL 19 The statement of o clearing house banks for or the week shows that the banks hold more than fhe the legal reserve This Is an increase of t as compared with last i week The statement follows Loans decrease 65 0 Deposits decrease Circulation increase Legal tenders decrease 31 40 Increase ase Reserve Increase Reserve required decrease Surplus Increase ase O Surplus Increase States deposits In Increase Increase increase crease Increase in surplus that was Indicated by the statement Considering though unfavorable ex exhibit exhibit the fact fa t that a decidedly decidedly result of a hibit had been made m as the close conformity with the actual condi condl condition condition tion of the banks might have had a dis disturbing disturbing disturbing effect because of o the serious dis distrained trained monetary situation the liberal treatment of o averages which has appeared as excusable ex us usable to have been made is regarded a able e under under the circumstances The dash ash gain as officially reported by b the state statement statement statement ment was Or w about five millions mill milles In m excess of o that of ot the gain that was es estimated estimated upon the basis of ot the traceable movements of money during the t week There was wa a decrease of 00 reported In to general deposits t the contraction In loans more than offsetting by this sum gain In cash The required rese reserve the against against such deposits was reduced adding which to the increased cash was as 6 as the augmentation In surplus reserve to Computed upon the basis of or deposits less than which was greater by than In the previous week the surplus is I Loans were vere contracted 65 doubtless the result r of o speculative and other accounts on the stock market the excess of o loons loans to over de deposits deposits thane posits was six m millions s less than that In the week of Oct 12 which was shown rings The hi dan daily average of bank b clearings e was all 8 mO Clearings on Saturday representing representing Fridays business were bankers by Individual ot of loans Comparison Institutions contracted this Ie five show that Item by net eight banks gained net cash