Their customary effect Concurrently there was aĭiminution of $78,024,000 in the demand deposit-4ĭuring the week and also a diminution of $.1,055,600 Plainly that the January disbursements were having Two weeks in the loan item and indicating very
Making no less than $282,346,000 contraction in the Week in amount of $129,276,000, following a similarĭiminution in the preceding week of $153,070,000, The customers of the Clearing House institutionsįurther diminished their borrowings during the Noted, since by that time the distribution must undoubtedly have been completely, effected. That theory, however, is hardly applicable in the case of the third deficit, already To the customary channels, had not been fully completed when the Jan. Interest and dividend disbursements, the theory being that the distribution of these heavy disbursements, by means of which the moneys are returned Had grown out of the very heavy 1st of January Of explanation on the ground that the impairment Of the three deficiencies seemed easily susceptible A record of two successive deficiencies has not been uncommon, and in the present instance the first two Looked for and created considerable surprise. 1 third deficit in succession was certainly not The Clearing House institutions has been impaired. On the preceding Saturday, but it is the third successive Saturday in which the reserve condition of The deficit is only about one-half what it was It should not be treated as if it were of no significance. The circumstance is not one that can be lightly dismissed and House banks and trust companies again showed a deficiency in the required legal reserves. Last Saturday's return of the New York Clearing Treas., William Dana Seibert See., Herbert D.Seibert. President and Editor, Jacob Seibert: Business Manager, William D. Published every Saturday morning by WILLIAM B. C.įront, Pine and Depeyster Streets, New York LONDON Orricx-Ed wards & Smith, I Drapers' Gardens, London, E. Gray, Western Representative.Ģ03 South La Salle Street. The subscription price Is $12 per year and for the whole five combined These the subscription price Is $5 00 per year. The following sections or supplements are also issued.
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