SHORT-TERM MARKET
Deposits Rise In May (N.Z. Press Association) WELLINGTON, June 14. The Reserve Bank today released the following statistics of the operations of the five approved dealers in the shortterm money market for May. Aggregate deposits at May 31 were £18.5m against £16.7m in April, and were derived from the following sources: Financial institutions, £4.7m (£4.7m in April). Industrial and commercial firms, £9.6m (£B.3m). Others, £4.2m (£3.7m). Price Range Rates of interest on new call deposits ranged between 3 per cent and 4 per cent (3 per cent to 4 1/8 per cent). Rates quoted for money payable within one month were 3} per cent to 4J per cent (3 5/8 per cent to 4 1/8 per cent) and for money payable between one and three months, 3| per cent to 4 per cent (3| per cent to 4} per cent).
New deposits accepted by dealers during the month totalled £10.6m (£B.6m), while repayments were £B.Bm (£7.6m).
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Press, Volume CVI, Issue 31086, 15 June 1966, Page 23
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158SHORT-TERM MARKET Press, Volume CVI, Issue 31086, 15 June 1966, Page 23
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