Show The Bank Statement New York Nov 3 The statement of the clearing house banks for the week shows that the banks hold more than the legal reserve requirements This Is a decrease of as compared with last week The Tho statement follows r Loans decrease DeposIts 41 decrease Circulation increase 2300 Legal tenders decrease OCO Specie decrease Reserve decrease Reserve Re erve required decrease Surplus decrease Ex United States deposits decrease The Financier says The official state statement statement ment of the New York associated banks though disclosing the expected large loss of cash as indicated by the preliminary estimates which were based upon the traceable movements of money during the week was as more favorable than was looked for in that the surplus reserve was not entirely extinguished such ex et extinction eXtinction Unction having been avoided partly through a decrease In loans and nd also be because because because cause of favorable changes in some of the minor Items It Is noteworthy that public deposits were reduced circulation was augmented and an loans exceeded c deposits by more than in the previous week making al almost almost almost most the maximum record of such ex cx excess excess cess this year the total thereof shown last week weel being The cash loss was and it was due largely to the movement of currency to the inte interior interior nor and also to absorptions of money through treasury operations The gen general general general eral deposits were reduced as the result of ot the Joss lose of cash and of the contraction in loans The reduction in Ind deposits d was however greater by 1 than the sum of the decrease in Joans t the e loss fc cash sh so that the statement st did not mu make e a good proof |