Further Rise In Ratios
The trading banks’ reserve ratios have been raised, for the second time this week. From July 19. the banks are required to deposit with the Reserve Bank not less than 31 per cent, of demand liabilities plus 10 per cent, of time liabilities, compared with 30 per cent, and 10 per cent, respectively from July 15.
The latest increase will increase the banks* statutory minimum deposits by some £2.9 million It is understood that the latest increase merely offsets a flow of cash to the banks and that it is not intended to increase the banks' penal borrowing from the Reserve Bank By raising the reserve ratios on July 15—shortly after total overdrafts rose above £2OO million—the Reserve Bank may be indicating that its present "target” for overdrafts is £2OO million.
Hawkins Holdings.—Hawkins Holdings ex dividend date is July 20. not July 19, as advised earlier (PA.)
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Bibliographic details
Press, Volume CII, Issue 30188, 20 July 1963, Page 16
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151Further Rise In Ratios Press, Volume CII, Issue 30188, 20 July 1963, Page 16
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