TRADING BANKS

Evening Post, Volume CXXV, Issue 17, 21 January 1938, Page 12

TRADING BANKS

LONDON FUNDS LOWER

DEPOSITS INCREASE

Returns of the six'v trading banks doing business in New Zealand as at the closqf of business on December 27, 1937, compared with returns for November 29, as furnished to the Reserve Bank of New Zealand, are as follows:—

LIABILITIES Nov. 29. Dec. 27. ! S £ Ocmand liabilities In New Zealand "32,022,042 33,575,027 Time liabilities in New Zealand 32,300.630 32,001,571 Demand liabilities elsewhere than In N.Z. Incurred in respect of N.Z. business 1,771,218 1.787,221 rime liabilities elsewhere than In N.Z. Incurred in respect of N.Z. business .. 375,619 358.121 S.Z. business, excess of assets over liabilities 19,003,521 17,980,662 Totals ...;.. £86,172,330 £55,522,902 ASSETS. £ £ Reserve balances held in Reserve Bank of New Zealand 6.719,65! 5.923.527 Overseas assets in reSpeet of New Zealand businessID In London .. G.520.11l rU'J!>,77U (2) Elsewhere .. 3.803,047 3,637,900 Gold and gold bullion held in N.Z. .. 39(i 424 Subsidiary coin held in N.Z 752,62!> 684.38"! Advances in N.Z. ... 33,975,451 33.422.37S Discounts 805,945 579,628 Reserve Banft of N.Z. notes 3,772,049 3.553,664 Securities held in New Zealand — (1) Government . 7.737.528 7.762,312 (2) Other than Government . 279.046 279,045 Value of land, buildings, furniture, fittings, and equipment held In N.Z. . 1,78»,547 1.7i»,3(iS Totals £86.172.330 £55,822,902

Aggregate unexercised overdraft authorities 21,863,360 22,909,459 •Includes transfers from Bank of New Zealand ling-term mortgage fund of £354,400. Overseas assets in respect to New Zealand business held in London at October 25 were £7,767,511. Deposits, free and fixed, at November 29 and December 27, 1937. with advances and discounts, were as follows: — ( Nov. 29. Dec. 27. deposits 64,958,642 65,66*0,898 Advances 54,781,396 54,002,006 Excess deposits .. £10,177,246 £11,664,892 The excess deposits over advances for December 28, 1936, amounted to £15,922,133, and for January 25, 1937, to £20,553,332.