TRADING BANKS' RETURNS

Evening Post, Volume CXVIII, Issue 53, 31 August 1934, Page 12

TRADING BANKS' RETURNS

-The.: summary of : the trading banks' monthly returns as at the close of business: on Monday,' July 30, 1934, furnished to the Reserve Bank in.accordance with section 46 of ,the .'Reserve Bank of New Zealand' Act, 1933, were gazetted, last night. The returns are for the position ns it was before the Reserve Bank opened for'business on August 1. . The'aggregate.figurcs lor the six banks trading in >New ■Zealand in New Zealand currency';'1 are as follows:— ■ 'V V -; ' . •'" £.', .'.. (a) "Demand'liabilities in ISew- ' " 'Zealand': ■•■ 24,621,606 (b) Time liabilities in N.Z. "...: 40,592,374 (c) Demand liabilities elsewhere : 'than in N.Z. incurred in f re- .. spect of. N.Z.. business — 2,0G0,514 (d) Time liabilities elsewhere than in N.Z. incurred in re- .. spect of N.Z. business ...'.. (38,887 (i). Notes of own issue in cir- '...„• ■ dilation :payable'in'. N.Z. ■.'.-.: 6,220,241 Total ;.■•'•:'.•.'."....iv^.i'.;. £74,833,622 .Debit— '. ' '■■'■ '''■' " ,'...; (c) Reserve balances held m the ■ , -Reserve Bank of New Zea-1 ' land . ~;.■::..;..X ■• ~. (f)'Overseas assets in-respect ot • , .- N.Z: business— -.■•.. . „„,,.,'„„ ■•".■'.•':•■ (1) In London ~.:.,.... 8,821,038. . (2) Elsewhere than in London ~ '■ 8,359,977 (g) (1) Gold and' gold bullion held - ■•■ in N.Z. '.......::.:,..'. .4,351,716 ~(2):|ubsidiary com'held : in ■ (h) ' Advances and discounts in . ~ NZ. ' ~..■.....'..'•'••.••■••:• 44,085,605 (i) Reserve Bauk of New Zeakud , notes ■_...,;, ...;.:... ~ 'Total ■'/:.'.... .... .'. '■■■■ .. £60,306,742 The 'returns, show total .demand liabilities (current amounts, etc.) at £27,282,120, and the .total jtim'e .liabilities >.(fixed -deposits, etc.) at £41j331,261, thetwo'.'aggre-- :- gating £68^613:381. ..- ■ ':• ' The advances, and discounts in New Zealand totalled £44,085,605, the'ratio of ad, vances to,total deposits being 64.25 per