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HUGE DEPOSITS

TRADING BANKS' RISE ADVANCES ALSO HIGHER Assets and liabilities of the six trading banks at the close of business on Monday, June 25, compared with those at May zo, are:— June May Circulation 34,493,765 34,801,955 Free deposits 86,889,212 99,777,504 Fixed deposits 31,172,646 31,032.906 Advances 52,573.051 51,332;69S London assets 13,909,750 14,515,678 Notes of the Reserve Bank held as till money on June 25 were valued at £6,066,696, compared with £5,913,945 on May 28. The issue and active circulation at the end of June in the past five years has been:— Issue Circulation 1941 21,843,087 17,814,461 1942 25,528,846 21,469,173 1943 32,360,445 27,523,636 1944 37,227,482 32,321,710 1945 40,560,461 34,493,765 A comparison of aggregate deposits and advances and the excess of deposits in the June returns since 1941 is as follows:— Deposits Advances Excess \ 1941 .. 81,59a,529 50,218,638 31,373,891 1942 88,464,360 44,320,649 44,143,711 1943 . . 108,033,367 42,022,497 66,010,870 1944 .. 120,781,124 45,457,683 75,323,441 ► 1945 . . 128,061,858 52,573,051 75,488,807 Fluctuations in the value of assets held abroad on account of New Zealand business as shown in the June returns in the past five years have been:— London Elsewhere Total £ £ * 1941 . . 10,022,408 2,877,119 12,899,511 1942 . . 10.991,845 2.568.868 13.550.713 1943 8,818,687 2,347,988 11.166.8TS 1944 .. 9,162,716 2,235,393 11,398,109 1945 .. 13,909,750 1,920,310 15,830,060

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450728.2.9

Bibliographic details

HUGE DEPOSITS, Auckland Star, Volume LXXVI, Issue 177, 28 July 1945

Word Count
202

HUGE DEPOSITS Auckland Star, Volume LXXVI, Issue 177, 28 July 1945

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