Show The Th Bank Banic an Statement Statement New York Feb 21 Tho statement ol ot averages of the clearing cearing house banks of the th city cIt for the week shows as follows Loans increase 30 Deposits increase Circulation decrease 10 Legal Igl tenders tender decrease 2129 1 3 Specie decrease ase 04 Reserve decrease Reserve required Increase 2 Surplus decrease SG 36 G 48 Ex Er E United Unie States deposits deposit 19 decrease The Financier this week says The Tho he loans loas of the New York associated banks bank are are now at the th highest point in the his history history tory tor of the clearing house On March Mach 1 l llast last year the previous high record or 00 was touched but the expansion of or reported in Saturdays ban bant bak statement brings brinl the current curent total to or above all al earlier earler records The remarkably steady rise in loans Is not easily casl explainable but it I has hasto hasto hasto to do do with corporation financing and ex cx exchange e change operations rather than current curent op on operations of 01 oz more inure properly speaking with requirements measured by the usual USua standards The e sudden flood food of cash which has been b en pouring Into the banks ba with the opening of the year Is losing Its It force somewhat but the te movement is still sti in this direction despite the unfavorable howing in ln the tie current curent exhibit exhibit which makes make the tE loss In cash reserve for forth tho th weak we k The Tho treasury treasur is again aJan absorbing surplus money and d this oper operating P sting In conjunction io with f the i heavier e re requirements for reserve reen purposes put upon the teb banks by iy the Ule growing deposit Item Ie is l 1 idly tending nd g to t pul pull down excess cash ch chI rap In I fact f t the surplus over and ad above the t legal 25 per per cent reserve resene Is now only 9 2 ony 00 Four Fou weeks week ago aJO It I was wa nel nearly Another fact which Is attract attracting ing lug attention is the slight martin margin ma n between beten loan loa and ad deposit totals A 0 year yea ago when the banks b touched their the highest loan record deposits were we 00 above loas loans whereas now the deposits are a scarcely In excess of at Joans ioan the deposit item iem standing at t ji it goes ge without saying that the statements of f the te last lat several seyer weeks we make for tor high higher b h her er r money mone rates and ad with wih the te spring sprin de demand de demand mand md for currency coming comIn on and ad ex cx e change hange hovering around the gold Jold export eort point It i will be strange stra e if the te money market does not pot respond quickly to these influences A factor that may have much effect ff g In I easing g or r changing chancing a the h situation situations is s the passage a of o the Aldrich bilL de which provides among othar oth things ting against ant the continuous process of treasury absorption of funds fun ds placing the public balances in banks banka where whee the remain reman available I |