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MONEY MARKET EASIER how the rin financier FinAn Ancier clor views the fj nandlal lancial outlook new york nov kov 23 25 the weekly bank statement merit shows the following changes surplus reserve iacre ed fiehs fiE jS I bans n r reserved ved t en W ip bild 21 1 acal loaders introna increased 1 2 elUi its increased I 1 ill aa tl circulation increased the bonks banks edw now hold in excess of the legal requirements raqu ire moot s the finan ter says the rec as 0 of government dovci funds funda or on bond purchases purchase has haa enabled the asso associated clat e d banks banha of new york city to largely 1 increase their cash holdings the surplus reserve ot of contrasting with tho the deficit of 0 reported a year aro ago angularly enough the tha banks taken in d vidu Aly do not seem sc ern to hae bane strengthened their g much one large institution rop a euln lit in cash greater than the aggregate of 0 all the banks the deposit kern item choa ili the game re m bult u it so ao that thal the iho only bonewit tho the other b banks a ks hivo havo derived Is the lessened habl bality anty reserve which does docs not offset their losses in baah tho individual reserves therefore aie in some cases lower than ilk n I 1 baat est wee week k lout rop for all fall this ihla the mone money market hag eased up ably it Is quite probable tile tho statement doca not t reflect fiech actual conditions the don contraction ir ac t ion in loans ioan it may be noreil in thin particular Is to be traced to the a samo institution that absorbed orbed the th cash ilo its loss losis of 0 rive five millions more than c quailing qu ailing ilia lobs ot of all tile iho banks tile the majority of 0 tile the bareihs therefore would seem to have lost slightly in ca ih aid and in deposits and expanded their loans so far na as tho the outlook 18 concerned there seenia seems to be a tion lion toward easier rates although althou eh tho the decline my riot not be moio met than ihan rion nominal linal tho rho steady contraction naich has been going on oil at this for some noma rn alha cannot continually indefinitely deposits Depo fUte ero are now lower ilia than n at this time last year and ana loans have shrunk U much helow below tho the november Novem bir UK aver aye aire the only in tho the two exhibits Is that at thra this time laai just year yar the banks had thirteen moro more surplus cur plia reserve As they havo have the opportunity port r u unity n for securing government funds ro md now and as aa the mant favors favora new york this Olve dlo cep rep 2 ancy nc may q quickly disappear it la Is doubtful d ho however uever that the h e g ing of tho the year will be marked b by y th t ahn wild expansion that opened with wilb january twelve months montha ago |
