Show Bank Statement New York June J ne 22 The bank statement of the th clearing house banks bank for the week shows that the banks bank hold 60 more than the legal requirements ent This Is an increase of as compared with last week The statement follows Loans The decrease decrease Deposits increase 7 Circulation increase 1 Legal tenders tender increase Incese SI 1 Specie SP c increase Reserve Reene decrease Reserve required decrease Surplus Increase EXU ExU S deposits 15 increase The Financier says sas The official state statement statement statement ment of the New York associated banks was a most remarkable exhibit It I failed faie to reflect the losses loses to the banks through the 1119 th exports of gold to Europe during the thew week w k or the average of such exports export that occurred in the closing days dayS of or the pre previous previous week Moreover the statement ap al apparently apparently took no account of or the losses to the banks bank through the sub opera operations operations Instead of of showing a a Joss of more than toni six millions milons representing exports of f gold which should have been b en disclosed of than after and a loss more deducting from the aggregate traceable loss the gain gin on the movement and through gh receipts of new gold the statement recorded a decrease of only cash eash sh The deposits tell fell off 7 which amount was greater by 2 about a a million milon than the sum eum of the con contraction contraction traction tracton in loans plus the loss of cash and therefore the statement did not make mak maka a good proof The required reserve against general deposits decreased 1822 1823 8 deducting from which the loss los of cash 5 as above left as the increase in surplus reserve to Computed on the basis of deposits less those of 31 public funds the surplus is Loans were contracted 4 3 which probably represents approximately the average reduction due to stock mar market market market ket liquidation during the week week It I may maybe maybe maybe be observed that the results shown by bythe bythe bythe the statement are entirely ble with those thoe looked for from the weeks traceable movements of money |