TRADING BANKS

Evening Post, Volume CXXVI, Issue 151, 23 December 1938, Page 12

TRADING BANKS

DEPOSITS REDUCED

ADVANCES SHOW SMALL

INCREASE

Returns ol the six trading banks doing business in New Zealand as at the close of business on x^ovember 28, 1938, compared with returns for October 31, 1938, as furnished to the Reserve Bank of New Zealand, are as follows:— LIABILITIES* Oct. 31 Nov. .28. £NZ £NZ Demand liabilities id New Zealand ... 32,829,933 *32,707.151 rime liabilities In New Zealand ... 30,308,998 30.154,592 Demand liabilities elsewbert than In N.Z incurred Id respeci of N.Z business 2,158,020 2,423,486 rime liabilities elsewhere thaD Id N.Z tncurred in respect of N.Z. business 321,851 556.753 N .55. business excess of assess over 1. liabilities 19,339,389 19,825,939 Totals £85,021,191 £'85,667,921 ASSETS. Reserve balances held In Reserve Bank of New Zealand 4,793,361 5,129,615 Overseas assets in respeci of New Zealand nusiness— (1) In London . '4,115,095 3,686,111 (2) Elsewhere . 2,520,451 2,367.067 Uold and sold bullion held In N.Z. . 64 89 .Subsidiary coin held in N.Z. 833,604 815,221 Advances In N.Z. .. 57,918,600 58,225.678 Discounts 811.051 681,955 Reserve BanS of N.Z. notes ~ 3,648,533 4,026.967 Securities held Id Mew Zealand— (1) Government 8,263,636 8.612,679 (2) Other than Government 269,764 269,764 Value ot land, buildings, furniture, fittings, and equipment held In N.Z. 1,847,027 1,852,775 Totals £85,021,191 £85.667.921 Aggregate unexerclsed overdraft authorities £22,427,578 £20.423.115 ■Includes transfers from Bank of New ZealaDd long-term mortgage fund of £438,795. OVERSEAS FUNDS REDUCED. Overseas assets in respect to New Zealand business held by the banks in London and elsewhere than in London at the end of November for the past three years were as follows: — London. Elsewhere. £NZ £NZ November 30. 1936 8,414,355 6,441,537 November 29, 1937 6,526,411 3,803.047 September, 1938 .. 4,657,743 2,718,117 October 31. 1938 .. 4,115,095 2,520.451 November 28. 1938 3,686,111 2.307,067 DEPOSITS AND ADVANCES. The returns show, as compared with those of October 31, 1938, a decrease in deposits for terms and on current account amounting together to £340,188. Advances (including bills discounted)' have increased on the month by £177,982. Deposits, free and fixed, at October 31 and November 28, with advances and discounts, were as follows: — Oct. 31. Nov. 28. £ £ Deposits 63,201,931 62,861,743 Advances 58,729,651 58,907,633 Excess deposits .. £4,472,280 £3,954,110 The excess of deposits over advances as at the end of November for the past three years was as follows: — £ November 30. 1936 13,060,683 November 29, 1937 10,177,246 ( November 28. 1938 3.954,110