OCR Text |
Show Clearing House Statement. By Associated Press. NEW YORK, Sept. 17. Tho statement of clearing house banks for the week ahows that tho banks hold $23,463,000 more than tho requirements of the 25 per cent rule. This is a decrease of $6,380,000 In tho proportionate cash reserve, as compared com-pared with last week. Tho following Ib tho New York clearing clear-ing house summary of the weekly statement state-ment of banks for tho week ending September Sep-tember 17 (dally averages): Increase. Loans 51.273.S01.000 $12,073,000 Deposits 1.2S2,-366,000 5,887,000 Circulation .. 45,191.000 331,000 Spcclo 275.526.000 5,'240.000 Legal tenders .. 68.529.000 332.000 Reserve 344.052,000 4,907.000 Rorserve required 320,591,000 1,47.1,000 Surplus 23,463,000 6.3S0.000 Ex. U. S. deposits 23,838,000 '6,371,000 Decrease. Clearing house banks' actual condition this 'day: Increase, Loana $1,278,732,000 $17,631,000 Deposits ...... 1.284,208,000 11,450,000 Circulation .. .. 46.4SO.000 1.604.000 Specie 273,301.000 5,029,000 Legal tondere ... 69,121.000 1.191,000 Reserve 342.421.000 3.837.000 Reserve required. 321,051,000 2,862,000 Surplus 21.370,000 .OOO.OOO Ex. U. S. deposlta 21,823,000 '6.656,000 Decrease, Stato banka and trust companion of Greater New York not reporting to the clearing houso: Increase. Loana $1,093,982,000 $ 176,000 Specie 121,707.000 1.424.000 Legal tenders .. 20.069.000 141,000 Total deposits ., 1.204,334,000 2.S67.000 The Financier will say: "The statement, of the associated banks of the city of New York for the week ending September 17 was, ln as far as cash decrease is concerned, a little more favorable than had been anticipated. The known operation of tho banks Indicated a loss of about $6,000,000 ln specie and legals on account of shipments to the interior and operation with the sub-treasury. sub-treasury. The statement of actual conditions, con-ditions, however, showed a decrease ln cash of only $3,867,800. "Tho Important feature of the statement state-ment was an Increase of $17,630,800 In loans, duo probably to crop financing, particularly to moot the needs of the south. Deposits, by reason of the changes noted, Incroased $11,449,600, and as this callod for additional reserve, tho rosorve on all deposits fell $6,700,200. making the present surplus above the 25 per cent requirement $21,369,175. which Is abovo tho average for this season. Owing Ow-ing to the demand for bills, tho banks aro Increasing their circulation, tho expansion ex-pansion during tho post fortnight having been more than two million dollars. Tho summary of stato banks and trust companies com-panies not reporting to tho New York clearing houso, showed, as a most Important Impor-tant change, an lncrcaso of ono nnd one-half one-half millions in cosh and over two millions mil-lions in deposits, loans having remained stationary. This gave rise to an Impression Impres-sion that tho clearing house hanks wero taking- on themselves tho burden of new loan commitments, but the demand for loans, to toll tho truth, originates out-sldo out-sldo this center, rather than ln It." |