AUSTRALIAN BANKING
DEPOSITS RISE TO NEW RECORD
Deposits in the nine trading bank* in Australia inci’eased by £5,000,000 to a record total of £326,400,000 in the month of November. This is shown in the Commonwealth Bank’s monthly bulletin issued this month. Current deposits rose to a record of £ 127,700,000; fixed deposits were £198,700,000. Advances were reduced by £4,300,000 in the month, to £293,000,000. Deposits rose £10,000,000 compared with a year earlier, and advances rose £3,300,000. “ Bank clearings increased more than seasonally in November to a level well above that of last year,” says the bank. Previous record figures were: Total deposits, £323,000,000 last April; current deposits, £124,700,000, February, 1938.
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Otago Daily Times, Issue 24022, 22 January 1940, Page 9
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109AUSTRALIAN BANKING Otago Daily Times, Issue 24022, 22 January 1940, Page 9
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