BANK RETURNS
FIXED DEPOSITS A. NEW HIGH LEVEL DECREASE IN ADVANCES (Per United Press Association.) Wellington, October 6. The bank returns for the quarter ended September 30 reveal a new high level of fixed deposits. The increase here off-setting the decrease in free deposits has brought about an excess of deposits over advances which have decreased. The holdings of Government securities have more than doubled. The principal movements compared with September, 1931, are: Government deposits decreased £l,265,594; free’deposits decreased £1,220,509; fixed deposits increased £1,158,458; advances decreased £832,530; discounts decreased £125,811; note circulation increased £335,283; coin bullion decreased £1,336,906. The following are the principal items at September 30, the figures for the June quarter being also given:
September £ June £ Deposits free 15,370,152 16,815,822 Fixed 35,339,014 35,400,900 Deposits Government 1,429,192 1.796,518 Note circulation 5,919,825 6,021,366 Coin bullion 5,605,426 6,207,587 Discounts 583,742 666,361 Advances 49,391,474 49,915,034
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Bibliographic details
Southland Times, Issue 21831, 7 October 1932, Page 8
Word Count
143BANK RETURNS Southland Times, Issue 21831, 7 October 1932, Page 8
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