BANK RETURNS
THE FIRST QUARTER. OUTSTANDING FEATURES. (Per United Press Association.) Wellington, April 9. Outstanding features of the returns of the average liabilities and assets of the six trading banks in New Zealand for the first quarter of the year are that the total of free and fixed deposits, at over £61,000,000 is the highest ever recorded, that advances and bills discounted at £41,575,526 are at the lowest level for 10 years, that the excess of deposits over the advances at more than £19.500,000 is the highest since the Great War and that the Government securities held by banks have increased since the December quarter by well over £3,000,000 to £23,453.377. The most satisfactory feature of the returns is the marked increase in free deposits or current account balances, which at £21,657,550 are £3,000,000 higher than for the previous quarter. The following table gives a comparison of the principal items in the latest returns with those for the December quarter, 1933, showing the changes in three months:—
December March quarter. quarter. £ 4? Free deposits 18.622,333 21,657.000 Fixed deposits 39,518,653 39,455,883 Govt, deposits 1.139.812 1,190,649 Govt, securities 20.132,725 23,453,377 Advances 42.7G5.264 40,311,423 Discounts 986,713 1,264.103 Note circulation 6,366,631 6,294.631 Coin and bullion 5,054.918 5,093,418
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19340410.2.79
Bibliographic details
Southland Times, Issue 22295, 10 April 1934, Page 6
Word Count
203BANK RETURNS Southland Times, Issue 22295, 10 April 1934, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.