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Show STORY OF ONE WEEK . IN FINANCIAL WORLD NEW YORK, April 9. The Financier says: "One feature of the olllclal statement of tho New York associated banks lnsrt week was the new high record for loans and deposits; unotlier fenturo was the wido discrepancy between tho estimated and the actual changes In the cash items, though this may be partially explained ex-plained by the fact that the estimates covered seven, while the returns covered cov-ered six days of tho bank last week, and sllll another feature was tho very Hllghtgalu In the bank holdings of public pub-lic funds, indicating that these holdings hold-ings wero fully accounted for In the previoua week. The bonks loH 5S02.800 cash, while the estimates which wero based on the traceable movements of money, showed a gain of $510,800. This discrepancy waa doubtless duo as above noted to the difference In the number of days Included in the estimato and also transfers of funds of trust companies com-panies Incident to the placing of the Ponnslyvaniu notes on the last dayof the previoua week. The deposits increased, .UC.liS.lOO, and the required reserve was thereby augmented aug-mented $4,035,850, which stun, added to tho loss of cash, made ?1,S3S,G50 decrcaaa on surplus reeervo to $22,91C,400. Computed Com-puted upon the basis of deposits less lhof of $50,125,400 of public funds, the surplus is $3G,94G,750. It may be noted that so far as the cash is concerned the statement was made on rising averages, there having been received by the banks on Frldny $3,937,00, which was transferred hither from San Francisco; this receipt counted for an average of only one clay in the bank statement. "Loans were increased $1G,S25,000, reflecting re-flecting the placing of the Pennsylvania $5O,poo,O0O notes on Friday of the previous pre-vious week, and also some further corporation, aa well ns syndicate borrowings. bor-rowings. The public deposits were increased in-creased by $14,000, indicating but slight additions of these funds In the specially designated depositories. The statement did not s how a good balance, tho sum of the lncreaiw in loans lesa the loss of cash being $1,120,300 smaller than the increase in deposits. The circulation was decreased $127,200; tills may have contributed to tho week's loss of cash. The dally average of bank clearings Avar. 192.000.000, or 15,000,000 more than in the previous week, nnd tho clearings on Saturday, reflecting Friday's business, busi-ness, wero $119,412,795; these large clearings probably Indicate shifting of accounts as tho volume of transactions on tho stock exchange was comparatively compara-tively small on Friday. The changes In tho Item of loans show that six banks gained $11,800,000," . r" 7"- |