SHORT-TERM MARKET
Little Change In Deposits (N.Z. Pres« Asvociationl WELLINGTON, July 12. Statistics of the operations of the five approved dealers in the short-term money market for June were released by the Reserve Bank in a statement today. Aggregate deposits at June 30 were £18.3m (against £18.5m at the end of May) and and were derived from: Financial institutions, £5.2m (£4.7m). Industrial and commercial firms, £B.6m (£9.6m). Others £4.5m (£4.2m). Rates of interest on new call deposits ranged between 3 per cent and 3| per cent (3 per cent to 4 per cent). Interest Rates Rates quoted for money payable within one month were 31 per cent to 4 per cent (31 per cent to 4} per cent) and for money payable between one and three months 35 per cent to 4 per cent (3J per cent to 4 per cent). New deposits accepted by dealers during the month totalled £11.2m (£10.6m) while repayments were £11.4m (£B.Bm).
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Press, Volume CVI, Issue 31111, 14 July 1966, Page 19
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157SHORT-TERM MARKET Press, Volume CVI, Issue 31111, 14 July 1966, Page 19
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