SECOND EDITION DEPOSITS INCREASE
<s> HIGHEST EVER RECORDED BUT ADVANCES DECREASE (Per Press Association) WELLINGTON, Last Night. The outstanding features of the returns of average liabilities and assets of the 6 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 righest ever recorded; that advances and bills discounted at £41,575,526 are at the lowest level for ten years; that excess of deposits over advances at more than £19,500,000 is the highest since the war; and that Government securities held by the 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 quartet. 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 £ £ 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 42,765,264 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
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https://paperspast.natlib.govt.nz/newspapers/WPRESS19340410.2.60
Bibliographic details
Waipukurau Press, Volume XXIX, Issue 89, 10 April 1934, Page 8
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202SECOND EDITION DEPOSITS INCREASE Waipukurau Press, Volume XXIX, Issue 89, 10 April 1934, Page 8
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