Deposits fall in short-term money market
PA Wellington Aggregate deposits of the (five approved dealers in the short-term money market fell SI.3M to $34.8M during (January, the Reserve Bank announced. Deposits by financial institutions Yell $2.7M to 521.6 M. non-financial business fell SlOO.OOO to $B.l M. and deposits classified as “other” rose SI.SM to $5.1 M. New deposits accepted by dealers during the month totalled $84.3M compared with 5106.9 M during December, while repayments fell from $107.6M to $85.5M. The weighted average of interest paid on toial deposits held at the end of the month rose from 5.744 per cent to 6.402 per cent.
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Press, 25 February 1977, Page 18
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104Deposits fall in short-term money market Press, 25 February 1977, Page 18
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