TRADING BANKS.

Auckland Star, Volume LXVI, Issue 127, 31 May 1935, Page 11

TRADING BANKS.

APRIL STATEMENT.

INCREASED NOTE ISSUE. LAKGES LONDON ASSETS. (By Telegraph.—Own Correspondent.) WELLINGTON, Thursday. Assets and liabilities of the six trading banks, showing the position at the qlose of business on Monday, April 29, vvero the subject of a statement gazetted to-night. This is the ninth monthly return to appear since the Reserve Bank opened. Since March 25, the date on which tho last previous return was compiled, the notes of the trading banks in circulation have decreased from £854,040 to £800,302, a fall of £54,3.°38. There lias been a decrease of £085,033 compared with the position at December 31. Tho active note circulation, made up of tho notes of the trading banks stiil outstanding and that portion of Reserve Bank issue in the hands of the public, was £0,579,093 at April 29. This is tho second highest figure in any of tho returns, being exceeded only at December 31, when the demands of tho holiday season swelled' the issue. Tho Easter holiday season would operate ill the same direction on the. present occasion. , Deposits and Advances. The demand liabilities or current account liabilities in New Zealand of the baiiks totalled £27,005,334, a fall of £575,531. The upward movement which had been marked in this item since December has thus been checked. A contrary movement is shown by tho income of over £300,000 in fixed deposits, which previously had been decreasing steadily from the high level of £40,592,374 recorded at July 30. Total deposits at £02,850,000 have decreased by £722,000 since March 25. Tho relative positions of advances and deposits iu the various returns are as follows: —• Excess of Deposits. Advances. Deposits. £ £ £ July no .. 03,213,(150 44,083,(103 21,128,373 Aug. 27 .. (10,-147,581 41,201,010 23,180.371 Sept. 24 .. <!3,:!35,040 41,<»>:!,07;i 2::,704,5HJ7 Oct. 2!) .. G:5,070,7«7 43,3.-K>,344 1!',331,223 Nov. 2li ..01.000,009 44,417,037 17,182,972 I)ce. 31 .. (iO.niiD.odS 44,9U3,3(H! 10,-<>3o,tKi2 .Tail. 28 .. 02,:i<)0,!120 44.71)8,832 17,302,074 Feb. 23 .. (13,171,023 44,300,732 18,870,203 Mar. 23 .. (13,128,308 44,373,3(13 1 5.33.3,203 April 20 .. 02,830.338 43,100.708 17,440,030 Assets Held Abroad. Tho London assets held by the banks in respect of New Zealand business show another increase, the total now being £18,200,133, or more than twice that obtaining when the Reserve Bank opened. The latest figure is higher by over £1,600,000 than that at March 25 and shows an increase in the three months since January 28 of £0,000.u00. The overseas assets held elsewhere than in London are loss by some £230,000, but the total of the two items is easily the highest to appear in any return to (late. The totals of these overseas assets of tho six banks, as shown in the statements since July, are:— London. Elsewhere. Total. £ £ i •Tilly 30 .. 8,821,3.38 8,339,077 17 Nil- "7 . 11,171,987 9,20.),.>42 20,4Ji,■>-".) Scut "4 7 731,171 9,129,041 10,880,812 Oct '") .: 10'1'.)1,37U 8.948,811 19.443-.351 Nov 20 .. 10,120,808 9,009,119 19,189,<).i7 Dec' 31 .. 10,018,328 8,924,234 10,342,.)82 .Tan' 28 .. 12,234,333 7,807,234 20,131 ~*3O Feb "3 .. 13 200,781! 7,331,003 22,031,389 Mar 23 .. 10,003,200 7,312,980 23,918,180 April 29 .. 18,200,133 7,081,884 25,343,0i7 The subsidiary coin held • at April 2!) totalled £777,08(3, compared with i £787,845 at March 25.