TRADING BANKS

Evening Post, Volume CXXXIII, Issue 25, 30 January 1942, Page 3

TRADING BANKS

INCREASE IN DEPOSITS Returns of the six trading banKs doing business in New Zealand as at the close of business on December 29. 1941, compared with returns for November 24, as furnished to the Reserve Bank of Npw Zealand are as follows:— LIABILITIES. Nov. 24. Dec. 29. £NZ £NZ. Demand liabilities In New Zealand 51,325,767 53,975,911 Time liabilities in New Zealand 29,123,061 28,980,396 Demand liabilities elsewhere than in N.Z. Incurred in respect of N.Z. business .. 1,016,753 . 775,326 Time liabilities elsewhere than in N.Z. incurred in respect of N.Z. business .. 359.527 341,952 N.Z. business excess of assets over liabilities 20,469,162 21,218,019 ■ Total £102,325,170 £105,291,604 ASSETS. Reserve balances held in Reserve „„„ Bank 8,715,873 10,719,282 Overseas assets in respect, of New Zealand business— (1) In London .. 10,110,743 10'2^.309 (2) Elsewhere .. 2,350,132 2.809,729 Subsidiary coin held in NZ 806,816 737,949 Advances In N.Z. ... 49,969,223 50,271,169 Discounts 181,738 207,122 Reserve Bank-notes . 4,225,993 4,396,606 Securities held in Government 23,190,194 23,039,437 {2)O^LJ^ n 828,271 842.064 Value of land, buildiinn e\-.Z UrDU"e.. he.! i 1,946,187 1,951,887 Total £102,325,170 £105,291,604 Overseas assets in respect of New Zealand business held by the banks in London ana elsewhere than in London for December tor the past two years were:— Dec. London. Elsewhere. Total. £ £ *< ici'jq 8 156 913 1,724,220 9,881,133 3 :::: iffi?"! 2:243:315 vmm 1941 .... 10.266,359 2,859,729 13,126,088 For December, 1941, the banks' net overseas assets totalled £12,008,810, compared with £ 11054,295 in November, an increase of i £954,515. ■