THE TRADING BANKS

Evening Post, Volume CXXIV, Issue 122, 19 November 1937, Page 12

THE TRADING BANKS

ADVANCES RISING

FIXED DEPOSITS DECREASE

The. returns of advances;and free and fixed deposits as shown in graphic form above for the month of October are for the week ended October 18 and these were as follows:—Advances and discounts, £52,394,605; . free deposits, £29,790,046; fixed deposits, £33,938,781.

MONEY MARKET UNCHANGED. 'By Telegraph—Press Assn.—Copyrrght.) LONDON,'November 17. Discount and short-loan interest rates are' unchanged as follows:—Day-to-day loans, i per cent.; fine trade bills, two months, 2 to, 2| per cent.; bank bills, three months. 9-16 per cent.; Treasury bills, six months, 5-8 per cent.;, Treasury bills, two months, i per cent.; Treasury bills, three months, 9-16 per cent.

NEW YORK, November 17. Call money is unchanged and is quoted atl per cent.

Returns of the six trading banks doing business in New -Zealand as at "the close of business on October 25, 1937, compared with returns for September 27, as furnished to the Reserve Bank of New Zealand, are as folI lows:—- ' ■ ' ■ LIABILITIES. Sept. 27. Oct. 25. £ . e Demand liabilities Id # New Zealand 32,890,247 •33,311,659 "&w zSffif* .' D. 33,051,072 32,311,856 Demand liabilities elsewhere than In N.Z. Incurred In re- ££' °/.. N:t. .'■!'.'. 1.026,587 . 1,049,914 rime liabilities else- >, where than In'N.Z. Incurred In respecf ® ..,.., ,„.,, of N.Z. business .. 426,4,6 379,087 N.Z business, excess , liablllte 1'..... 0. 7.". 18,642,212 19,197,794 Totals £86,036,594 £86,250,310 ASSETS. £ £ I Beserre balances held ' ' .. » k?ewTe ra V.an Bd ink. Pf. 8,868,042 7,385,039 Oferseas assets In re- •, spect of New Zealand business— „.,.,»».»■ -rer-n (1) In London .. 8,147,2.6 '.JW.^ji (2) Elsewhere .. 4,225,095 4,090,6io Gold and gold bul- .•■•,„• ,„, lion held in X.Z. .. 1,042 1,116 Subsidiar, co.n b.W ' - g . M5<SM Advances In' N.Z 49,947,036 51,903,921 Discounts -748,693- «42.633 RTote es Ba. nl!.. O. f. N: Z:. 8.T32.0e8 3,852,266, Securities held Id N7l) ZGov ae?nment . f,«ti.tiT .7,781,233 121 Govrrnment D. 285,215 . 279,540 Value of land, build- . . . • Ings, furniture, fltShelg dlnN^'/l,r40;i53- 1,760,462 ' Totals ...... £86,036,594 £86,230,310 aggregate unexerSritles 0"^'. .23,798,538 ■■ 22,900,621 •Includes transfers from Bank of New Zealand long-term mortgage fund of £384,400. Deposits, free and fixed, at October 25 were as follows:—Free and fixed deposits, £65,623,515; advances and discounts, £52,646,614; excess deposits, £12,976,901.

The six banks' aggregates' of advances and J discounts and free and fixed deposits for the past eight months of the year and those for'the month ended September 27 last year are compared as follows:— . Excess Advances. Deposits. deposits. 1937. £ £ £ Jan. 25 . . 47,4i6,'649- 6f,969,'98i 20,533 :'.:>2 Feb. 22 . i-5,rW,2SS 69,337,451 23,378, Uili Mar. 29 . 46-,934-,095 63,872,887 21,918 702 April 26 . 47,485,065 70,982,608 23,497,3i3 May 31 ... 48,033,164. 69,172,910 21,139.755 June 28 . 47,710,899 69.000,502 21,289,603 Julj' 26 .. 48.170,541 68,128,695 18,958,154 Aug. 30 . 4'9,'473,S17 67,039,680 17,583,$13 Sept. 27 . o0,695',729' 65.941.319 17,583,863 Oct. 25 .. 52,646,614 65,623,515 12,976,901 M93B. Oct. 2.6 .. 47,779,513 62,937,110 15,157,598