BANKS' RETURNS

Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 14

BANKS' RETURNS

ADVANCES LOWER

DEPOSITS SHOW INCREASE

Returns 0/ the six trading banks doing business in New Zealand as at the close of business on February 22, 1937. compared with returns for January 25, as furnished to the Reserve Bank of New Zealand, are as follows:—

Jan. 25. Fob. 22. £ £ Demand liabilities In New Zealand '35,020,901 36,737,593 Time > liabilities in New Zealand 32,949,080 32,599,858 Demand liabilities elsewhere than in ■ N.Z. incurred in respect of N.Z. business ,.... -1,160,325 864,877. Time 1 liabilities elsewhere than in N.Z. ■ incurred in respect of N.Z. business . 751,262 ' 500,886 N.Z. business, excess 'of . assets • .• over ■•liabilities ■...'...., 16,880,378 15,193,034 Totals £ 86;762,146 . £85,896,248 •Includes transfers from long-term mortgage fund, Bank of New: Zealand, of £348,811. ; ASSETS. £ ' -£' Reserve balances held in Reserve Bank, of New - Zealand 11,870,436 11,735,128 Overseas assets in respect of New Zealand business — (1) In London . 7,361,885 8,308,008 ■ (2) Elsewhere ■ . 5,221,770 5,586,754 Gold and gold bullion held in N.Z... 1,284 1,040 Subsidiary coin held in N.Z 735,636 725,495 Advances, in N.Z. .. 46,804,996 45;192,976 Discounts 611,653 ' 566,312 Reserve Bank of N.Z. notes 4,713,23$ 4,292,194 Securities lield In ; New Zealand — (1) Government . , 7,592,864 7,618,144 (2) Other than Government 287,443 287,568 Value of land, build- . ings,, furniture, , fittings, and equipment held In N.Z. . l,5'60,940 . 1,582,629 Totals ,.'... .'£86,762.146 £85,896,248 Aggregate : unexercised overdraft .authorities 23,395,173 25,265,423 -Deposits, free and. fixed, at February 22 were as follows: —Free and .fixed deposits, £69,337,451; advances and discounts, £45,759,288;. . excess deposits. £23,578,163. • The> excess of deposits over advances at;January 25 was £20,553,332.