DEPOSITS LOWER

Auckland Star, Volume LXXIV, Issue 198, 21 August 1943, Page 3

DEPOSITS LOWER

TRADING BANKS RETURN I.IBKKTY 1.0.VX KKFI.KCTKI) (0.C.) WELLINGTON, Friday. The principal items In the returns of assets and liabilities of the six trading banks at tho close of business on Monday. July 2U. are compared with those at June 2S in the follo-ving table:— July June Circulation . .. £27.559.44S jc^7.?'-3.ti::t> Free dev>osi:s 72.709.983 78.992.661 Fixed deposits 28.772,164 29.040.706 Advances 42.119.463 4.'.022,497 London assets .. . 6,625.586 8.515.65. The level of free deposits is nearly £10.300.000 lower than in the May return. The reduction is a reflection of the investments made in the Liberty Loan during Hie period covered by the two succeeding statements. Xotes of the Reserve Rank held as till money on July were valued at •M.f)7:!.2.-ic;. compared with i-!.S;!(i.SOf) a month before. The issue and active circulation at the end of July in the past five years have been:— Issue Circul.it ion 1939 £15.693.364 £12.138.020 1940 19.623.436 15.365.101 1941 21.775.951 17.475.233 1942 25.923,053 21,575.028 1943 32,832.701 27.559.445 A comparison of aggregate deposits, advances, and tlie excess of deposits in the July returns since 1939 is as follows: — Deposits Advances Excess £ £ £ 1939 06.746,719 54.169.320 12.577. 393 1940 79,167.944 40.101.507 33,066.137 1941 81,355.369 48.422.500 32.9.12X19 1942 90.354.001 42.671.005 47.652.996 1943 101.482.147 42.119,463 59,362,684