Show The Te Bank a Statement I New York York Jan 31 The weekly I statement of the averages of the as associated a banks shows Loans 14 Loas 1 6 60 Deposits increase 18 Circulation decrease decree decreeS S Legal tenders tender 00 increase Specie increase 5 Reserve increase 6 Reserve required 23 in increase increase increase crease Surplus Sulus Increase in rease 1 dI deposits J 9 j increase The Financier says Despite Depie the te in increase Increase n crease of almost Jn deposits the reserve re re of ot the clearing House beaks banks of New York City increased last las week week This rise in the te face of o unusually heavy expansion e slon in jn the d d posit item Iem was wa due of ot course couts to the te fact that th t the the flaw of or from front the I Inferior continues in almost unabated volume As Interest rates rte have been I declining A rapidly it i was anticipated I that the impetus given to t the te return of money mone to New York from other othe points point might be somewhat checked but the fall fail fal to show that this th de decline I dine cline cine as yet has ha had any influence on onte the te situation The principal feature of the current statement is i the Increase of in loans loas due to large large cor corporation cr corporation been porton borrowings which hove pending for some time The loans lon for forthe forthe forthe the most part pat are ae traceable to two or three thre of at the largest banks bank as a a is also at the gain in cash The two banks bank re report report report port gin an increase of over in specie which is i more than the gain gan re reported re reported reported ported by all al the te banks bank So in de deposits deposIt deposits posits posIt the principal expansion was caused by the operations of a few Wal Wallstreet Wall Wallstreet street Institutions of note notene ne doubt is expressed as to the continued maintenance of at much Idle cash reserve over a considerable length of time it Is yet true that the pres present present ent eat reserves of the banks bas are at a higher level than for many months months past while the te he excess reserve is also als above that reported at the end of any ay week for a year ea Wih With these the facts in evidence it is surprising that rates should have declined as sharply shar b and anda a dul dur stock Hoc market maket does not mark for fora a different situation |