TRADING BANKS

Dominion, Volume 35, Issue 89, 9 January 1942, Page 3

TRADING BANKS

Further Rise In Advances INCREASE IN DEPOSITS An increase in net overseas funds, a further rise in advances and au increase in deposits are -the main features of the latest returns of the trading banks. The monthly summary of assets and liabilities ns at Monday, November 24, furnished in accordance with the provisions of the Reserve Bank 2kct, shows the following figures in respect of the six banks: —• > LIABILITIES. (a) Demand liabilities in , £ New Zealand *51,32u,(6< (b) Time liabilities in New Zealand • 29,123,bbl (c) Demand liabilities elsewhere than in New. Zealand incurred in respect of New Zealand business 1.016, i00 (d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 389,827 (m) New Zealand business — Excess of assets over liabilities 20,46J,162 Total £102,325,170 “Including transfers from Bank of New Zealand’s long-term mortgage fund ot £59,783. ASSETS. (e) Reserve balances held in £ the Reserve' Bank of , New Zealand 8,710,8ia (f) Overseas assets in respect of New Zealand business — (1) In London 10,110,<40 (2) Elsewhere than in London 2,350,132 (g) (1) Gold and gold bullion held in .New Zealand — (2) Subsidiary coin held in New 2ealand .. 806,816 (h) Aggregate advances in New Zealand 49,9b9,22u (h) Aggregate discounts in .. New Zealand lbl,ioo (i) Reserve Bank of New Zealand notes 4,225,993 (k) Securities held in New Zealand—(l) Government 23,190,1J± (2) Other thtni Goveminent t ,... 828,2(1 (l) Value of land, buildings. furniture, . fittings and equipment held in New Zealand 1,94b,10t Total '... .£102,325,170 (hh) Aggregate unexereised overdraft authorities .. £33,124,021 Overseas Funds Increase. London funds on November 24 totalled £10,110,743, an increase of £512,084 since October 27. Overseas assets h_eld elsewhere than in London were £2,350,132, a decrease of £369,584. x Totijl overseas funds, Loudon and elsewhere, on November 24, were £12,460,875, a net increase of £142,500. Against these funds were demand and time liabilities amounting to £1,406,580, thus making the banks’ net overseas assets ill, 054,295, compared with £10,821,814 on October 27, an increase of "£232,481. The totals of the trading banks’ overseas funds in respect of New Zealand business, as shown in the monthly returns, compare as follows:—

Inci'ease In Deposits. Demand liabilities on November 24, were £51,325,767, (an increase of £1,732,432. Time liabilities were £29,123,661, a decrease of £110,054. The total of demand and time liabilities was £80,449,428, a net increase of £1,622,378. . - A comparison of the trading banks demand and time liabilities and th© totals of the two is as follows: —

The total of demand and time liabilities elsewhere than in. New Zealand was £1,406,580, a decrease of £89,981. The banks’ excess of assets over liabilities on November 24 was £20,469,162, a decrease of .£712,908. , . Reserve balances of the six banks totalled £8,715,873, a decrease of £446,847. ‘ ; ■ Government securities held by - the banks totalled £23,190,194, a decrease of £31,478. Other securities at £828,2(1 showed an increase of £17,537.

Rise In Advances./ Aggregate advances on November 2-1 were £49,969,223, an increase of £651,934. Aggregate discounts at £181,738 were £39,246 higher. The total of advances and discounts was £50,150,961, an increase of £691,180. . •The excess of demand and time liabilities over aggregate advances and discounts on November 24 was £30,298,467. The relative positions of advances and deposits at different periods is shown in the following table; — Advances Excess o£

The ratio of advances and discounts J.o total demand and time liabilities on November 24 was 62.338 per cent., compared with 62.744 per cent, on October 27 and 60.568 per cent, on September 29. The aggregate unexercised overdraft authorities on November 24 amounted to £33,124,021, a decrease of £107,290. The total of advances and discounts and unexercised overdraft authorities was £83,274,982, an 'increase of £583,890. r The active note circulation on November 24 was £18,068,125, a decrease of £182,800.

London. Elsewhere total. 1940. £ £ £ Sept. 30 13,059,169 1,970,488 15,029,657 Dec. 30 12,640,766 2,248,315 14,889,081 1041. Jan. 27 14,291,920 2,115,265 16,407,185 , Ifeb. 24 14,497,476 2,326,932 16,824,408 Mar. 31 12,561,838 2,190,740 14,752,578 Apr. 28 11.492.121 2.366,272 13.S58.393 May 26 10.891.341 2,868,536 13,759,877 June 30 10,022,408 2,877,119 12,899,527 July 28 10,191,115 2,764,615 12,955,730 Aug. 25 8,851,734 2,796,537 11,648,271 Sept. .29 9,867,662 .2,712,275 12,579,937 Oct. 27 9,598,659 2,719,716 12,318,375 Nov. 24 10,110,743 2,350,132 12,460,875

Demand. Time. Total. 1940. £ £ £ „ Sep. 30 48,157,938 30,576,169 78,734,107 Dec. 30 49,683,597 29,376,461 79,060.058 1941. Jan. 27 52,115,417 29,109,751 81,225,168 Feb 24 56,059,673 29,009,907 85,069,580 Mar. 31 53,682,045 28,630,201 82.312,246 Apr. 28 53,677,586 28,782,768 82,460,354 May 26 53,618,892 28,762,047 82,380,939 June 30 52,552,050 29,040,479 81,592,u29 July 28 52,037,997 29,317,372 81,355,369 .Aug. 25 51,874,520 29,144,807 81,019,327 Sep. 29 49,722,721 29,212,817 78,935,538 Oct. 27 49,593,335 29.233,715 78,827,050 Nov. 24 51 325,767 29,123,661 80,449,428

Deposits. & discts. deposits. 1940. £ £ £ Sen. 30 78,734,107 46,585,759 32,148,348 Dee. 30 79,060,058 48,079.122 30,980.936 1941. Jan. 27 81,225,168 46,710,197 34,514,971 Feb. 24 85,069,580 47,282,413 37,787,167 Mar. 31 82.312.246 53,679,601 28.632,645 Apr. 28 82,460,354 52,252,893 30,207,461 May 26 82,380,939 51,376,261 31,004,678 June 30 81,592,529 50,218,638 31,373,891 July 28 81,355,369 48,422,500 32,932,869 Aug. 25 81,019,327 48,573,003 32,446,324 Sep. 29 78,935,538 47,810,364 31,125,174 Oct. 27 78.827.050 49,459,781 29,367,269 Nov. 24 80,449,428 50,150,961 30,298,407