TRADING BANKS

Dominion, Volume 29, Issue 201, 22 May 1936, Page 14

TRADING BANKS

Note Circulation Higher OVERSEAS FUNDS INCREASE Deposits and Advances Increases in overseas funds, mid in demand mid lime liabilities, note circulation mid advances and discounts are tne main features of the monthly statement of the assets and liabilities of the six trading banks in New Zealand, as at the close of business on Monday. April 27. Furnished in accordmice with the provisions of tho Reserve Bank Act, 1933. the Statement, which was gazetted last night, shows lhe following aggregate figures in respect of the six banks: —

The total of the overseas funds held by lhe trading banks in respect of New Zealand business on April 27 was £22.255,225. an increase of £1.915.538. compared with the total on March 30. The banks* total London funds in respect of New Zealand business at April 27 stood nt £15.980.160. an increase of £1.836.791. Overseas funds in respect of New Zealand business bold elsewhere than in London amounted to £6.305.068. an incrance of £78.747. Tho totals of the trading banks’ overseas assets in respect of New Zealand business as shown in the monthly returns compare as follow:—

Note Circulation Higher. The total of the note circulation in the Dominion on April 27 was £7,150.681. an increase of £45,640 since March 30. The amount is £463.273 below the high level of ('l)risfmaw week. 'Trading hanks’ notes still outstanding nt April 27 amounted to £537.624, a decrease of £7630 since March 30. The position of the note circulation as ut April 27, compared with that al the dates of previous returns, was as shown in the following table: —

Increase in Deposits. Demand liabilities, or current account balances, of tlto trading banks in New Zealand as al April 27 totalled £32.049,252, an increase of £102.798 since Marcn 30. The upward movement in free deposits has continued since last. October, and the latest figure is the highest for two years. Time liabilities, or fixed deposits, on April 27 totalled £37.310,826, a rise of £780.866 since March 30. The total of demand and time liabilities in New Zealand on April 27 was £69.360.078, the highest since July 30, 1934. A comparison of the trading banks’ demand and time liabilities and the totals of the two is as follows: —

Demand liabilities elsewhere than in New Zealand in respect, of New Zealand business on April 27 amounted to £591,727. an increase of £65.033 since March 30. Time liabilities elsewhere than in New Zealand in respect of New Zealand business totalled £661.084. an increase of £75.450. The item: Now Zealand business, excess of assets over liabilities on April 27, was £16.123,677. nn increase of £785.367 since March 30. Balances held by the trading banks in the Reserve Bank on April 27 totalled £8.570.6119. a decrease of £366.949 sin-> March 30 Advances and Discounts. Aggregate advances .and discounts in New Zealand at April 30 are shown separately in the latest return. Advances wore £44.603.907. and discounts £486.961, a total of £-15.090.868. which shows nn increase of £172.016 since March 30. The latest figure represents a net decrease of £2.620,625 since last September. The excess of deposits over advances and discounts on April 27 was £24,269.210. the highest shown for two years. 'Die relative position of advances and deposits at different periods i.s shown in the foliowin" table: —

authorities at April 27 are shown at £22.854.690. The ratio of advances and discounts to deposits on April 27 was 65.009 per cent., compared with 65.597 per cent, on March 30, and 66.184 per cent, on February 24.

CREDIT. (a) Demand liabilities in E *32.049,252 .‘17,310,826 (b) New Zealand Time liabilities in New (c) Demand liabilities elsewhere than in New Zealand incurred in respect New Zealand business 591,727 (d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 66I.0S4 (j) Notes of own issue in circulation payable in 537,624 New Zealand (in) New Zealand business— Excess nf assets over liabilities 16.123.677 Total £87,274,190 ♦Includes transfers from long-term mnrtga'-'c fund, Bank of New Zealand, of £324.112. DEBIT. £ (e) Reserve balances held in the Reserve Bank of New Zealand S.570.G69 (f) Overseas assets in respect of New Zealand b ttsiness — (1) In London (2) Elsewhere than 15.9S0.160 in London .... 6.305.06S (s) (1) Gold and gold bullion held in New Zealand (2) Subsidiary coin held 723 in New Zealand 738,0S3 (11) Advances and discounts in New Zealand Discounts in Now Zea44,603,907 land 486.961 (!) Reserve. Bank of New Zealand notes 3,627,189 (k) Securities held in New Zealand — (1) Government .. (2) Other than Gov5.157,286 eminent 299.277 (1) Value of land, buildings, furniture, fittings and eoiiipment held in New Zealand 1.504.S67 Total £87,274,190 Overseas Funds Again Higher.

London. Elsewhere. Total. 1935. £ £ £ Mar. 25 10.605.200 7.312.980 23,918,180 ■Tune 24 18.082.794 5 813.844 24.496.638 Sept-. 30 16,206.526 5.672.475 21.819,001 Dec. 30 9.754.717 6.O2S.133 15.7S2.S5O 193(1. Inn. 27 11.149.879 6.183.192 17.333.071 Feb. 24 12.725.26S 6.493.639 19.218.907 Mar. 30 14.143.369 6.226.321 20.369,694 Apr. 27 15.9S0.160 6.305.06S 22.285,228

T. Ranks. R. Bank Total. 19.35. £ £ £ Mar. 25 851.640 5..382.SS9 0.237.529 •lune 24 710.008 5.390,S92 6,100,900 Sep. 30 032.584 5.S60.257 6.492,841 Dee 30 5S4.G68 7.O29.2S6 ■.,613,954 1930. .Tan. 27 571.708 0.275.992 6.847.760 Feb. 24 560.059 6.357,355 6.917,414 Mar. 30 545.254 0.559.787 7.105.041 Apr. 27 537.024 0,013,057 7,150,681

Demand. Time. Total. in.?; i £ £ £ .Mar 27.G73.SG5 35.454.703 63,128.508 ■hi ue 24 25,921.SOS 35.S20.533 01,748,431 Sop so 24.035.039 30.750.037 01.385,070 Doe. 30 °7.107.033 37.135.S50 04.303.483 1930. ■Inn. 2S.S27.915 37.033.007 65.S01.522 Eeb. 24 30.409.321 37.100.745 07.030,000 Ma r. 30 31.940,454 30.529.900 68.470,414 Apr. 27 32.049.252 37.310.S2G 09,300.078

Advances Excess of Deposits. & disets. deposits. 193; J £ £ £ Mar. O~. 63,128,508 4 4,573,365 1'8.555,203 •1 line 24 61.718.431 45.172,184 16.576.247 Sep. 30 61.385.676 47,711.493 13,674.183 Doe 30 61.303.483 46 566.378 17.737.105 19.' :<>. Jan. 9 J 65,861.522 45,649.334 20.212,188 Feb. 2-1 67.630.066 44.760.539 22,869.527 Mar. no 68.476.41 1 44.918.S52 23.557.562 Apr. 27 69.360.078 45.090.S6S 24.269.210 The aggregate unexercieed overdraft