DEPOSITS IN TRADING BANKS REACH RECORD, THIRD MONTH RUNNING

Wanganui Chronicle, 3 December 1946, Page 7

DEPOSITS IN TRADING BANKS REACH RECORD, THIRD MONTH RUNNING

I Deposits v.-ith the Z' - New Zealand trading banks have j eached a r."" "' l in each of the last three months. Deposits th" period ended October 28 were £156 203 3()o ' vith U 56.163,328 in September' and L8’3.;>05,197 in August. The monthly summary of assets anti llhalitlrs as at September .KI shows the following flauies m respect of the six banks:— LIABILITIES. (al Demand liabilities in N.Z. *l2O OHS 3113 <h> Time liabilities in N.Z. 36 Ito 916 (Cl Demand liabilitirs elsewhere than in N.Z. incurred in respect of N.Z business ’ 1.450.602 (d) Time liabilities elsewhere than in N.Z. incurred in respect of N.Z. business ... 97.793 (m) N.Z. business excess of assets over liabilities (net) 17.310,285 Tolal £175.061.98!) transfer from Bank of New Zealand long-term mortgage department, £72.515. ASSETS. (e) Reserve balances held in the Reserve Bank of N.Z 60.260.022 (O Overseas assets in respect of N.Z business—<D In London 12.843,474 (2> Elsewhere than In Lon- , , <ion 2,650.985 (g 5 JJ’ < an(l bu,lion held in (g2) Subsidiary coin held in x 7 688,549 (h) / "'’regale advances in , a N Z 63.028.051 (h) An ,T regale discounts in N.Z 20R.826 (1) Reserve Bank of New Zealand notes 6.029.422 (k) Sccu’-it’cs held in N.Z.— (1) Govrrifmcnt 25,121.530 (2> Other than GovcrnlT»ent .... 2.211 70G (l) Vallie of land, buildings, etc. 1.986.271 T°b<l £175.06.1.989 Agyrcnalc uncxcrcised overdraft authorities. £•15,657.922. London funds, which totalled £12.843.474 on October 2S. showed an increase of £2,617.779 on the figure at September 30. Overseas funds ("•(I (’'sewhere wore I'L.G.'iO.flßn, an Increase of ESS.SGt. Total funds at £l5-191.459 showed an increase of £2,7(6.613. Acainst these funds v.ere demand and time liabilities amounting tn II ..i-15.,",!).>. thus making the hnnks’ net oversees assets £13.946,06-1, an Increase of £3 - 30-1. Demand liabilities on October 28 were £120.083.363. a decrease of f30G.839. Time liabil’ities were £36.119,916. an increase of £3 16.820. The total demand and lime liabilities elsewhere I han in Now Zealand was £1.5-18,359. a decr ease of t'sl“ 661. The banks’ net excess nf assets over liahnitics was 117.130.255. an Increase of £1.470.380. Reserve balances of the six banks totalled £60.260,022, a decrease of £3.716,928. Government securities held by the banks

amounted to 125,121.330, an increase of £1332. Other securities wore £2.211,7uG, a decrease of £19.160. Aggieyate advances on October 28 were £6;:,028.0.>J. an increase of £2,506,423. Aggregate discounts were £2OB 826 an increase of £91..>18. 'l’he excess of demand and time liabilities and discounts was £92.96(5,432 compared with £95:>2!,392 on September 30 and £96,334,‘>92 on August 26. The aggregate uncxcrcised overdraft authorities on October 28 amounted to £45,657.922. an increase of £1,148.818. The total of advances and .discounts and unexercised overdraft authorities on October 28 was £108.894.799, compared with £95,148,040 on September 30.