TRADING BANKS

Evening Post, Volume CXXXII, Issue 106, 31 October 1941, Page 7

TRADING BANKS

SEPTEMBER RETURNS Returns of the six trading banks doing business in New Zealand as at the close of business on September 29, 1941, compared with returns for August 25, as furnished to the Reserve Bank of New Zealand, are as follows:— LIABILITIES. Aug. 25. Sept. 29. £NZ. £NZ. Demand liabilities in New Zealand .... 51,874,520 49,722,721 Time liabilities in New Zealand 29,144,807 29,212,817 Demand liabilities elsewhere than fn N.Z. Incurred In respect of N.Z. business .. 1,325,335 1,204,632 Time liabilities elsewhere than in N.Z. Incurred in respect of N.Z. business .. 316,397 428,674 N.Z. business excess I of assets over liabilities 20,181,433 20,330,524 Total £102,842,492 £100,899,368 ASSETS. Reserve balances ! held in Reserve Bank 12,631,669 9,239,575 Overseas assets in respect of New Zealand business— (1) In London .. 8,851,734 9,867,662 (2) Elsewhere .. 2,796,537 2,712,275! Subsidiary coin held I in N.Z 752,000 758,427 Advances in N.Z. ... 48,406,074 47,624,074 Discounts 166,929 185,732 j Reserve Bank notes 4,203,707 4,527,227 Securities held in N.Z.— (1) Government . 22,333,095 23,2"5,405 (2) Other than Government .. 762,251 779,426 Value of land, buildings, furniture held in N.Z. 1,938,496 1,949,007 Total £102,842,492 £100,899,368 Overseas assets In respect of New Zealand business held by the banks in London and elsewhere than in London for September for the past three years were as follows: — 'Sent. iondon. Elsewhere. Total. £ £ £ 1939 4,577,000 1,729,757 6,306,757 1940 13,059,169 1,970,488 15,029,657 1941 9,867,662 2,712,275 12,579,937 For August, 1941, the overseas assets amounted to £11,648,271. The totals of deposits and advances and discounts for September compare as follows: — Sept., 1940. Sept., 1941. £ £ Free deposits 48,157,938 49,722,721 Fixed deposits 30,576,169 29,212,817 Advances 46,585,759 47,810,364 Excess of deposits 32,148,348 31,125,174 All deposits for August, 1941, amounted to £81,019,327; advances and discounts to £48,573,003; with an excess of deposits over advances of £32,446,324. .Unexercised overdraft authorities, September 29, 1941, £34,310,311; September 30, 1940, £29,156,410. Holdings of New Zealand Government securities, September 29, 1941, were £23,255,405; at September 30, 1940, £17,074,270.