THE TRADING BANKS

Evening Post, Volume CXXII, Issue 99, 23 October 1936, Page 12

THE TRADING BANKS

ADVANCES STEADY

DEPOSITS REDUCED

Returns of the six trading banks doing business in New Zealand as at the close of business on September 28, 1936, compared with returns for August 31, 1936, as furnished to the Reserve Bank of New Zealand, are as follows: — LIABILITIES. Aug. 31. Sept. 28. S £ Demand liabilities In New Zealand *29,906,883 *28,934,G57 Time liabilities In New Zealand 34,893,116 34,455,8<12 demand' • liabilities' elsewhere than In N.Z. Incurred In respect of N.Z. business 833,551 886,807 Time liabilities elsewhere than in N.Z. Incurred In respect of N.Z. business . 640,673 596,488 Notes of own issue in circulation. payable in N.Z — — N.Z. business, excess of assets over liabilities 1G,G92,759 17,697,392 Totals £82,966,982 £82,601,186 •Includes transfers from long-term mortgage fund, Bank of New Zealand, of £340,840. ASSETS. ■' £ & Reserve balances held in Beserve' Bank of New Zealand 5,692,526 6,864,718 Overseas assets in respect of New Zea- N ' laud business — (1) In London . 14,437,595 12,890,571 12) Elsewhere . 5,957,121 5,785,499 Gold and gold bullion held in N.Z. .. 1,334 1,273 Subsidiary coin held in-N.Z 653.050 C51.52G Advances lv N.Z. .. 45,307,509 45,431,041 Discounts 518,351 568,772 Reserve Bank of N.Z. notes 3,357,005 3,402,816 Securities held In New Zealand— U> Government . 5,183,669 5,170,607 (2) Other than • Government ..■ 294,074 293,608 \Talue of land, buiidlnga, furniture, fittings, and equipment ■ held in N.Z 1,534,439 1,540,69 a Totals ........ £82,966,982 £82,601,186 Fixed and free deposits, £63,420,499; advances and discounts, £45,999,813; excess deposits, £17,420,686.