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

Net demand deposits

3,248,418,000

Dec

28,597,000

Net time deposits

171,600,000

Inc

152,000

Circulation

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