TRADING BANKS

Evening Post, Volume CXXVII, Issue 76, 31 March 1939, Page 12

TRADING BANKS

FEBRUARY RETURNS

FIXED DEPOSITS LOWER

Returns of the six trading banks doing business in New Zealand as at the close of business on February 27, 1939, compared with returns for January 30, as furnished to the Reserve Bank of New Zealand, are as follows:— LIABILITIES. Jan. 30. Feb. 27. £NZ SNZ Demand liabilities in New Zealand 36,175,876 *37,564,985 Time liabilities in New Zealand ... 29,934,326 29,888,001 Demand liabilities elsewhere than in N.Z. incurred in respect of N.Z.. business 2,429,931 1,873,226 Time liabilities, elsewhere than in N.Z. incurred in respect of N.Z. business . . 387,437 584,982 N.Z. business excess of assets over liabilities ...... 18,690,876 18,707,986 Totals .. £87,618,440 £88,619,180 ASSETS. Beserve balances held in Reserve Bank of New Zealand .... 8,584,683 Overseas assets in . respect of, New Zealand business — (1) In London . 4,170,664 (2) Elsewhere . 1,794,070 Gold and gold bullion held in N.Z. 337 Subsidiary coin held in N.Z 819,469 Advances in N.Z. . 55,414,981 Discounts ........ 772,0o5 Reserve Bank of N.Z. notes 4,390,726 Securities held in New Zealand— (1) Government 9,562,6(9 (2) Other than Government 266,439 Value of land, buildings, furniture, fittings, and equip- ..„„_..„ ment held in N.Z. ' 1,842,343 10,460,649 5,011,368 1,704,277 111 805,552 54,030,770 695,049 3,936,128 9,862,679 266,438 1,846,159 Totals £87,618,446 £8S,619,1S0 [ Aggregate unexer- ! a i u St e h do r Uies07erd:?! t£22,2 1 5,54T £23,036,586 ♦Includes transfers from Bank of New Zealand long-term mortgage fund of £ 441,10a. OVERSEAS FUNDS. Overseas assets in respect to New Zealand business held by the banks in London and elsewhere than in London at the end of February for the past four years were as follows: — London. Elsewhere. . £NZ * ■ £NZ SSS:;::SS f||§ ISS: S ::::.-.. M8Si S:»" Total overseas, funds at February 28, 1938, were £10,571,745; at February 27, 1939^ were £6,715,645. DEPOSITS AND ADVANCES. Deposits, free and fixed, at January 30 1939, and February 27, with advances and discounts, were as follows:— Jan. 30. Feb. 27. £ £ «" -t« 66 110.202 67,452,986 . Excess deposits .. .*£ 9,923,166 £12,727,167 The excess of deposits over advances as at the end of February for the past four years; was. as follows:— * -X- XX ■■■ s, February, 1936 Ml'm February, 1937 .3- L 8 ' February, 1938 Q'mUr February, 1939 .... 12,7_«.1G7