BANKING RETURNS.
POSITION AGAIN IMPROVES.
REDUCTION of advances.
EXCESS OF A MILLION.
[BY TELSGBAPH. —OWN CORRESPOND, j WELLINGTON. Friday. An excess of advances over deposits of £1 032.5 M is shown by the aggregates o the returns for the September quarter of the six banks. This figure w less by £3 761,510 than the excess of_ advances shown by the returns for the June quar- • Following is a comparison of the various classe.il of deposits for the September quarter of the last two years. Sept. 1922/ Septal. Decreaeo. n L a. AQ7 3 655,96(> 1,339,871 E ;; w Totals . . £46,957,699 £47.101,629 £113,930 * Increase. The fixed free deposits for the September quarter for recent years compare as follows; — Sept. Free. Fixed. ToUl. ii 170 777 10,828,887 25.C01.664 "'"2.777 11609/)66 29,154.929 $16 " 671 12,978,6'29. 32,599,300 JltS ' ' oim'fl l 14 189 815 35,707.536 191J •• 21.567.821 35,770,206 1019 ! ! 301531*317 15,041 45,372,880 V™ 2S 773'.326 4M45.663 1922 .'. 2d!498,149 17.463,713 41,961.863 The advances and discounts compare as follow 1922> Scpt _ 192;1 . Decrease-itea-i <hmb tgg -gg Totals . . £42,994,446 £48,039,611 £5,015,165 Taking the free and the fixed deposits together, and the advances and the discounts together, the excess of the one total over the other in the September quarter of each year is as follows: Exoeso of Sept. Deposits. Advances. ' deposits. Quarter. £ 1914 .. 2ii.001.664 24.462,576 5^,008 1915 . 28,154,929 23,348.906 1916 . . 31.599,300 24,677,963 1917 . 35.707.636 28.415.451 7,292.185 1918 35,770,206 31.646,632 4,123,574. 1919 . . 45,372,885 30.149,774 15,223,111 1920 .. 53,131,692 39,017.809 14,113,883 u Excess of advances--1901 43,445,663 48,039,611 4,593.948 1922 !! 41,961,862 42,994.446 1,032,584 The note circulation averaged £6,486,736, showing a reduction of £648,878 for the year. Coin and, bullion amounted to £7,833.531, an increase of £192.,713. Corresponding rig tires for previous years compare as follows: — Sept. Circulation Coin & Bullion. Quarter. £ 1914 . . 2.012,569 5,823.575 "~ 1915 .. 2.822,809 7,002,989 1916 . . 4,359.953 7.498,250 1917 . . 5.650,881 9,ft47,060 191S . . 6,235.344 8,146,798 1919 .. 7.3/57.04 A 8,046.071 1920 .. 7,617.298 7.710,617 1921 .. 7,135,614 7.(140,818 1922 «• .. 6,*86.736 7,£133.531 Deducting the amount of legal tender notes held by the banks, £833,618, the net circulation for the quarter appears as £5,653,118, as compared with £6,491.840 in the September quarter of 1921, a reduction of i #33,722. The net circulation for the last' quarter is less by £552,728 than that for the June quarter, and is almost back to the level in the lirst quarter of 1919. The metal holdings have not recovered equally, the net circulation now representing 72 per cent, of: the coin and bullion, whereas the proportion for the March quarter of 1919 wes 68 per cent.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18215, 7 October 1922, Page 8
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414BANKING RETURNS. New Zealand Herald, Volume LIX, Issue 18215, 7 October 1922, Page 8
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