TRADING BANKS
LAST QUARTER’S FIGURES. (Per Press Association. —Copyright.) WELLINGTON, This Day. The outstanding features of the returns of the average assets and liabilities of the six' trading banks for the quarter ended September 30 are a further contraction in advances and a large excess of deposits. The returns also show other abnormal features due to the opening of the Reserve Bank for business on August 1 and the consequent change-over of the note issue and bullion holdings as well as the subsequent payment of Treasury bills held by the trading banks. For these reasons it is possible only to give comparisons of deposits and advances. Compared with those for the September quarter in 1933 they are as follow: Free deposits increased £3,715,j 794; fixed deposits increased £2,527.4GO; advances decreased, £3,502,270; and discounts decreased £131,405, ■ The following table shows the deposits and advances for the September quarter in 1933 and 1934: (In thousand pounds.)
Fixed Free Total Advances Sep. Qr. Dep. Dep. Dep. & Disc. £ £ £ £ 1933 38,913 18.395 57,308 43,811 1934 41,440 22,111 63,551 40,177
At the close of the March quarter total deposits totalled £61,103,000, so that there has been an increase in the last three months of over £3,000,000.
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Bibliographic details
Northern Advocate, 12 October 1934, Page 5
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200TRADING BANKS Northern Advocate, 12 October 1934, Page 5
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