MIDLAND BANK DEPOSITS
Highest Ever Recorded
By Telegraph.—Press. Assn—Cupyrigbi. London, December 2. The deposits of the Midland Bank for November reached the huge total of £501,813.000. This is the lust I,hue in the history of banking of any country that commercial bank deposits have exceeded £500,000,000. The influx of foreign capital, withdrawn from the United States of America, after the recent scare, is held to be. without doubt, a contributory factor. The Midland Bank is one of the "Big Five” London banks', the others being Barclays, Lloyds, National Provincial and Westminster. At June o 0 last total deposits o£ the five banks aggregated £2,007,622,537. The advances and dis-, counts at the same date totalled £1,095,028,305.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19371204.2.135
Bibliographic details
Dominion, Volume 31, Issue 60, 4 December 1937, Page 14
Word Count
115MIDLAND BANK DEPOSITS Dominion, Volume 31, Issue 60, 4 December 1937, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in