SHORT TERM MONEY
$4.7 in Increase In Deposits Aggregate deposits of the five approved dealers in the short term money market rose S4.7m—or 6.5 per cent — to S77m in the month to November 30. Industrial and commercial firms provided the major part of the increase: deposits from this source rose 53.9 m to 833.4 m. The contribution to total deposits from financial institutions rose so.2m to 831.6 m, and deposits by others increased So.6m to Sl2m. The weighted average of rates paid on new call deposits received during the month rose slightly from 3.813 per cent to 3.902 per cent, and on deposits other than call, from 3.969 per cent to 4.035 per cent. New deposits accepted by dealers were 549.4 m. compared with 545.6 m last month, while repayments were $44.7m, compared with S4Bm.
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Bibliographic details
Press, Volume CVIII, Issue 31866, 19 December 1968, Page 22
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135SHORT TERM MONEY Press, Volume CVIII, Issue 31866, 19 December 1968, Page 22
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