TRADING BANK.

Manawatu Standard, Volume LIV, Issue 288, 2 November 1934, Page 10

TRADING BANK.

MONTHLY RETURN FOR SEPTEMBER. SOME MARKED CHANGES. WELLINGTON, Nov. 2. Further marked changes are shown in a summary of the trading banks monthly returns as at the close of business on jVlonday, September 24, when compared with those for August 27. The returns, which are furnished to the Reserve Bank in the cordance with section 46 of the Reserve Bank of New Zealand Act, 1933, were gazetted last night. ' The aggregate figures for the six trading banks, expressed in New Zealand curxeeny, are as follow: — CREDIT—(a) Demand liabilities in Now £ 1 Zealand ; 25.771,320 !(b) Time liabilities in N.Z. ... 39,586,720 .(c) Demand liabilities elsewhere than in N.Z. incurred in respcct of N.Z. business 292,281 (d) Time liabilities elsewhere ‘ than in N.Z. incurred in respect of N.Z. business ...... 822,213 [(j) Notes of own issue in circulation payable in N.Z 2,716,064 Total £69,188,598 DEBIT—(e) Reserve balances held in the £ Reserve Bank of N.Z 15,913,546 [(f) Overseas asiets in respect of N.Z. business—ll) In London 7,751,171 (2) Elsewhere than in London 9,129,641 [(g) (1) Gold and £old bullion held in N.Z (2) Subsidiary coin held in N.Z 601,647 '(h) Advances and discounts in ' N .z 41,603,073 |(i) Reserve Bank of New Zealand notes 5,197,195 Total £80,196,273 The trading hanks’ own notes in circulation, payable in New Zealand, were further reduced during the four weeks by £893,100, a total reduction since July 30 of £3,504,177. The total note circulation at September 24 was £6,183,671 10s, compared with £6,096,377 at August 27, an increase of £87,294 10s. The demand liabilities of the trading banks in New Zealand (current accounts, etc.), stand at £25,771,320, a reduction of £413,255, compared with those at August 27. Time liabilities in New Zealand at,September 24 stand at £39,586,720, a' reduction during the four weeks of £676,286.' The demand and time liabilities in New Zealand total £65,358,040, a decrease of £l,089,541. Demand liabilities elsewhere than in New Zealand incurred in respect of New Zealand business now total only £292,281, compared -with £5,148,764 on August 27. Time liabilities elsewhere than in New Zealand total £822,213, compared with £748,479 on August 27, an increase of £73,734. Reserves balances held in the Reserve Bank of New Zealand total £15,913,546, compared with £16,510,565 on August 27, a reduction of £597,019. Total overseas assets in respect of New Zealand business, at £16.880,812, show a reduction of £3,546,717, mostly in London. , . ' „ Advance and discounts in New Zealand total £41,603,073, an increase during the four weeks of £342,063. The ratio of advances' and discounts to total deposits in New Zealand at September 24 was 63.65 per cent., compared with 62.09 per cent at August 27, and 64.25 per cent, on July 30.