DOMINION BANKING

Taranaki Daily News, 11 August 1932, Page 16

DOMINION BANKING

DEPOSITS AND ADVANCES. LOW LEVEL OF BUSINESS. The long-established low level of business activity still persists, as evidenced by the banking figures for June, 'says the Government Statistician. Debits recorded show a decline of 6.3 per cent, from the previous month and of 7.1 per cent, from June, 1931. Although both deposits and advances declined, slightly during June as compared with the previous month (the former by 0.6 per cent, and the latter by 0.2 per cent), the greater decrease in the volume of deposits set the ratio of advances to deposits moving in an unfavourable direction once again. However, -the movement is slight, and the ratio now stands at 93.15 per cent., and is an improvement on the figure for June; 1931 (95.28 per cent.). The decline in the volume of deposits was chiefly at the expense of funds left at call with the banks, and this resulted in a decrease of the ratio of free to fixed deposits to 46.16 per cent., in contrast with a proportion of 53.96 per cent, recorded a year ago. The following comparison of bank deposits and advances is given in the latest monthly abstract of statistics: —

DEPOSITS. Week ended 1932. Govt. Free. Fixed. £ £ £ June 13 . June 20 . June 27 . July 4 . July 11 . July 18 . 1,775,878 16,485,840 3'5,726,623 1,864,028 16,603,098 35,677,102 1,771,168 16,098,171 35,700,150 1,120,426 15,740,050 35,596,809 1,278,425 15,073,418 35,338,890 1,242,073 15,571,773 35,307,957 1932. ADVANCES. Katie advances to Discts. Advances, deposits. £ £ Per cent. June 13 , June 20 June 27 July 4 July 11 July 18 .. 620,633 49,347,583 92.55 .. 606,877 49,371,909 92.31 .. 588,335 49,827,295 94.11 .. 583,482 50,542,427 97.40 .. 567,266 50,095,190 96.89 .. 606,773 49,'825,308 96.65