Bank Statement
Description
This section is from the book "Money And Investments", by Montgomery Rollins. Also available from Amazon: Money and Investments.
Bank Statement
It is customary in many of the larger cities to issue at stated intervals, generally once a week, a tabulated statement of the condition of the banks which are members of the Clearing-house Association.
At about 12 noon of the last business day of each week, the "New York Bank Statement" is issued to the public, and is awaited with great interest by financial men. Each bank in that city, national, State and trust companies, belonging to the Clearing-house Association, tabulates a statement giving the average of each item for the period covering all the preceding business days of that week and the last business day of the preceding week. Besides this, each bank furnishes a statement of its condition at the close of business on Friday.
Saturday morning - or Friday, if Saturday is a holiday - this tabulated matter is turned in to the Clearing-house Manager, who, in both instances, proceeds in a similar manner to obtain an average of each item for the combined statements.
The bank statement, in its present form, enables one to readily obtain a good idea of the condition of the banking institutions of Greater New York, for, in addition to the statement of the Clearing-house banks, so-called, there is also published the reports of the State banks and trust companies in the same territory, with the exception of those institutions which are members of the Clearing-house and thus are reported in that statement.
Clearing-House Members' Actual Condition | |||
Dec 9, 1916 | week's changes | ||
Surplus res. | $73,790,840 | Inc | $32,789,530 |
Loans, etc. | 3,330,499,000 | Dec | 39,599,000 |
Reserve in own vaults | 413,337,000 | Inc | 23,744,000 |
Reserve in Fed Reserve Bank | 166,078,000 | Inc | 4,019,000 |
Reserve in other depositories | 53,750,000 | Dec | 399,000 |
3,248,418,000 | Dec | 28,597,000 | |
Net time deposits | 171,600,000 | Inc | 152,000 |
28,787,000 | Dec | 889,000 | |
Aggregate res. | 633,165,000 | Inc | 27,364,000 |
Clearing-House Members' Average Condition | |||
Surplus res. | $69,914,170 | Inc | $27,379,670 |
Loans, etc. | 3,331,484,000 | Dec | 62,622,000 |
Reserve in own vaults | 403,369,000 | Inc | 15,807,000 |
Reserve in Fed Res. Bank | 173,382,000 | Inc | 3,454,000 |
Reserve in other depositories | 53,769,000 | Dec | 447,000' |
Net demand deposits | 3,253,424,000 | Dec | 49,905,000 |
Net time dep. | 170,343,000 | Dec | 456,000 |
Circulation | 29,565,000 | Inc | 22,000 |
Aggregate res. | 630,520,000 | Inc | 18,814,000 |
of his property at a fair valuation must be insufficient to pay his debts, or he cannot be declared a bankrupt in an involuntary proceeding." - Francis M. Burdick.
Non-Member Banks And Trust Companies' Average Condition | |||
Dec 9, 1916 | week's changes | ||
Loans & inv. | $768,914,200 | Inc | $6,735,800 |
Gold | 62,738,000 | Inc | 1.034,600 |
Currency and bank notes | 10,822,700 | Inc | 339,900 |
Total deposits | 926,332,100 | Dec | 10,701,400 |
State Bank Statement | |||
Loans & inv. | $413,393,400 | Inc | $325,900 |
Gold | 43,673,600 | Inc | 120,100 |
Curr & bank notes | 22,082,900 | Inc | 2,072,100 |
Deposits | 563,375,000 | Dec | 12,991,500 |
Res on dep. | 106,533,500 | Dec | 1,507,700 |
Reserve, % | 25.2 | Dec | 0.2 |
Trust Company Statement | |||
Loans & inv. | $1,704,153,400 | Dec | $9,213,000 |
Gold | 135,170,200 | Inc | 1,957,100 |
Curr & bank bills | 21,439,600 | Inc | 5,462,100 |
Deposits | 1,991,442,800 | Dec | 40,080,100 |
Res on dep. | 316,998,900 | Dec | 6,293,600 |
Reserve, % | 20.3 | Dec | 0.2 |
Summary Of Reserve Of Other Banks And Trust Companies | |||
State Banks | Trust Companies | ||
Cash in vault | $14,087,900 | $59,472,800 | |
Cash on deposit | 15,029,800 | 95,038,700 | |
Total | $29,117,700 | $154,511,500 | |
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