TRADING BANKS

Dominion, Volume 36, Issue 32, 2 November 1942, Page 6

TRADING BANKS

Deposits And Advances Increase A. further Increase in deposits, a rise in advances and a slight decrease in net overseas funds are the main features of the latest returns of the trading banks. The monthly summary of assets and liabilities as at Monday, September 28, published in accordance with the provisions of the Reserve Bank j\ct, show the following figures in respect ot the six banks: LIABILITIES.

Overseas Funds Decrease. London funds on Scpteniber 28 JoUlDd sJas'‘funds’ held elsewhere than in were £2,614.913. an increase 01 Oub, total ,o'erseas Binds hern, £ILoS , () . f mills’ o we and time liabilities amounting to £762.817 thus "g the hanks’ net overseas assets £13,818,30-, com pared with £ 13.522.354 on August 01. a decrease of £4022. Increase In Deposits. Demand liabilities on £('.N7SO.3IJ, a farther Time I ‘ !lbi l i . t j^ is y‘ r aq l e’total’ of’ demand crease of w as £04.569,004, an nr £'’083453. The total of deincrcase. ol ■“*’ UQmiitles elsewhere than “ 817, a decrease ‘’'q-beVanks’ excess of assets over liabilir ins was £20.836,940. an increase of *• I‘isil Reserve balances of tlie six tmuks tffiilled £21,410.209, an increase of securities hold by the banks tomtled £30.048,538, an increase of £2.106,051. other securities at -JW.Jbo show an increase ot llise In Advances. ......io advances oil September 28 were £42 267.169. a rise of £288,013. Aggregate discounts nt £13a.69J were £,vl..i,>_ tower The totni 1,1 advances and discounts was £42,402,862. a net increase of ■''The'exeess of demand and time liabilities over advances and discounts was £52.166,-1-1° compared with £30,330,4.H) on August 31 Tlie ratio of advances and discounts to total deposits on September 28 was 44.838 nor cent, compared with 4,).mJ per cent, on August 31, 47.226 per cent, on July 27, r,0099 per cent, on June 29, 48.221 per cent, on' May 25. and 52.044 per cent, on April "'The aggregate nnexerelsed overdraft authorities on September 28 amounted Io £34,504.330, a decrease of £129,288. Tlie tolai n f advances ami discounts and nnexercised overdraft authorities was £76 907.198. an increase of £124,173. The active note circulation on September 28 was £22,590,621, a decrease of £120,292.

(a) Demand liabilities in N.Z. *65,780,514 (b) Time liabilities in N.Z. ... 28,788,490 (e) Demand liabilities elsewhere than in N.Z. incurred in re583,377 spect of N.Z. business .... (d) Time liabilities elsewhere than in N.Z. incurred in re179.440 spect of N.Z. business .... , New Zealand business— Excess of assets over liabili20,836,940 Total’ £116,188,761 • Including transfers from Dante oi new Zealand’s long-term mortgage iunu vi£23 f 7< ASSETS. r. (e) Reserve balances held in the 21,410,209 Reserve Bank of N.Z • • Overseas assets in respect (f) of New Zealand business — (1) In London (2) Elsewhere 11,966,266 2,614,913 648,555 42,267,169 135,693 4,216,422 (g) (h) (1) Subsidiary coin in N.Z. ... Aggregate advances in N.Z. Aggregate discounts in N.Z. Reserve Bank of N.Z. notes do Securities held in N.Z. 30,048,538 919,965 1.941,031 (1) (1) Government (2) Other than Government Value of land, etc., held in N.Z 116,168,761 (hh ) Aggregate unexercised over34,504, JJb draft authorities