TRADING BANKS

Waikato Times, Volume 117, Issue 19566, 3 May 1935, Page 5

TRADING BANKS

WORKING FOR MARCH.

INCREASE IN ADVANCEB. GREAT NOTE CIRCULATION. WELLINGTON, Thursday. The monthly statement of assets and liabilities of the six trading banks, showing the position at the close of business on Monday, March 25, was gazetted to-night. The active note circulation, made up of the notes of the trading banks still outstanding and that portion of the Reserve Bank issue in the hands of the public, was £6,247,439 at March 25. This Is the second highest figure in any of the returns, being exceeded only at December 31. The position at March 25, conlpared with those at the dates of the earlier returns, was as follows:

The dernarid liabilities or current account balances in New Zealand of (he batiks' totalled , £27,673,865 at March 25. The upward movement displayed since December has thus been Coritinued, the March level being the highest in any of the monthly returns issued; A further fall of over £500,000 in fixed deposits continues the steady reduction that has proceeded throughout the past eight months. These deposits are now more than ,£5,000,000 lower than they were at July 30. The advances and discounts at March 25 amounted to £44,573,365, an Increase of some £270,000 on the level at February 25. This is the first recovery since the decline from the high level of £44,900,000 at December 31. overseas Assets. The London assets held by the banks in respect of New Zealand business show another increase, the total now being £16,-605,-200; of . nearly twice that obtainirig when the Reserve Sank opened. This latest figure is an increase; of more than £ 1,000,000 over that appearing ill the return of February 25, \Wiioh, in turn,- was £3,000,000 higher than tlie level At January 28. The overseas assets held elsewhere than In London are slightly less at £7,312 ; 980, but the total of the two items, £23,918,180, is substantially the highest to appear in any of the monthly returns issued so far.. The subsidiary coin held at March 25 totalled £787,345, compared with £730,422 on February 25.

T. Banks R. Bank total Juft 30 Aug - . 27 £6,220,241 3,GOO,164 £2,4 87,213 £6,220,241 6,096,377 Sept. 24 Oct. 29 2,716,0(54 2,206,305 3,467,607 3,834;663 6,183,671 6,040,968 rs'OV. 26 1,846,297 4,242,473 6,088,770 free. 31 1,486,235. 5,355,588 6,841,823 Jan. 28 1,043,443 5,043,487 6,086,930 Ffih. 25 921.417 5,267,842 6,189,259 6,247,439 Match 25 854,640 5,382,709 Fafl In Fixed Deposits.