Money Market Deposits Rise
Aggregate deposits with the five approved dealers in the short-term money market were $63.2m on July 31 compared with $61.9m on June 30. The report from the Reserve Bank shows that deposits by financial institutions rose $2.3m to $22.4m in July. Deposits by non-financia) business were unchanged at $32.8m. Other deposits were sl.om lower at 88. Om.
The weighted average of interest rates paid on total deposits held at the end of the month was 4.209 per cent (4.162 per eent). New deposits accepted by dealers during the month totalled $45.9 million ($44.1m), while repayments were $44.6 million ($42.7m).
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Press, Volume CX, Issue 32382, 22 August 1970, Page 18
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103Money Market Deposits Rise Press, Volume CX, Issue 32382, 22 August 1970, Page 18
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