“In 1902 the Secretary of the Treasury (Leslie M. Shaw) suspended the requirement to keep a reserve against government funds on deposit in national banks upon the ground that these funds were special deposits which were fully secured by pledge of bonds with the Treasurer of the United States. This action by the Secretary of the Treasury caused a change in the make-up of the bank statement by the addition to it of figures showing the average amount of government funds on deposit. The consolidated statement was thereafter issued from the clearing house in the following form: Loans $874,647,900 $2,344,200 Increase Specie 152,338,200 1,068,300 Increase Legal Tenders 67,274,300 1,319,000 Decrease [3]Deposits 872,340,600 164,600 Increase Circulation 36,072,500 411,600 Increase Reserve on all deposits 291,850 Decrease Reserve on all deposits other than United States 325,825 Decrease [3] United States deposits included, $40,633,400. “In the newspapers the statement was made up in both the old and the new forms as follows: Current Preceding Week Week Changes Loans $874,674,900 $872,303,700 In. $2,344,200 Deposits 872,340,600 872,176,000 In. 164,600 Circulation 36,072,500 35,660,900 In. 411,400 Legal Tends. 67,274,300 68,593,300 De. 1,319,000 Specie 152,338,200 151,269,900 In. 1,068,300 ------------------------------------------- Reserve held $219,612,500 $219,863,200 De. $250,700 Res. req’r’d 218,085,150 218,044,000 In. 41,150 ------------------------------------------- Surplus $1,527,350 $1,819,200 De. $291,850 Deducting the United States deposits held by the banks from the aggregate deposits the bank statement compares as follows: Current Preceding Week Week Changes Tot. deposits $872,340,600 $872,176,000 In. $164,600 U.S. deposits 40,633,400 40,769,300 De. 135,900 ---------------------------------------- Dep’s 25% $831,707,200 $831,406,700 In. $300,500 Reserve held 219,612,500 219,863,200 De. 250,700 Res. req’r’d 207,926,800 207,851,675 In. 75,125 ---------------------------------------- Surplus $11,685,700 $12,011,525 De. $325,825