Salt Lake Herald | 1907-12-15 | Page 29 | Bank Statement

Bank Statement New York Dec li The statement o othe of the clearing house banks for tor the tho week shows that the banks hold less than the requirements of ot the 25 per cen cent reserve rule This Is an increase of ot lOSI 5 in the proportionate cash reserve as compared compare with last week The statement follows Loans decrease Deposits decrease COO roo Circulation increase SOO Legal tenders increase Specie increase Reserve increase Reserve required decrease Deficit decrease Ex United States deposits decrease The Financier today says Contrary to general expectations the statement of ot the associated banks of the city of New York for the week ending Dec Dee 14 proved to be favorable in every item The striking feature was the gain In of over four mil mall millions millions lions in cash nearly all aU in the shape of gold The known movements of ot money for the past six days das indicated a loss to the interior of about six millions which would offset the amount of imported gold golc reserve and it was as figured also that the l banks had nad lost to the treasury on bond account but so far from this being the case government deposits In the New NewYork NewYork NewYork York banks have actually increased one and millions during the week Evidently the averages were at fault and ant this may be shown in the next statement Liquidation in loans continues the de do decrease crease since Dec 7 1 having been 11 67 00 and In two weeks about twentythree millions of ot dollars This shows that the tightening so 80 regularly reported for the past ast five or six weeks is lx gradually re relaxing taxing axing The Tha deposit Item for the week fell owing largely to loan Joan dalton dation and the gain in cash already noted coupled with the lessened reserve requirement of about two millions due to deposit decreases brought down the pres pros present present ent deficiency of ot reserve by to