THE BANK RETURNS.

Taranaki Daily News, 12 July 1921, Page 5

THE BANK RETURNS.

TIGHTNESS OE MONEY MARKET. LARGE EXCESS OF ADVANCES. YEAR’S DROP IN DEPOSITS, By TelBgraph.—'Press Assn.—-Copyrlgbi. Wellington, Last Night. The hank returns for the June quarter just closed reveal a continuation 1 of straightened finance. Throughout the war period and up to nine months ago. these returns showed a plentiful supply of funds in the banks’ coffers. Last December quarter there was still a, fair surplus of deposits over advances, but for the March ■ quarter this was changed to an excess of advances of £5.290,510, and for the latest quarter this excess of advances is £8,874,302. Following is a comparison of the principal items in the bank returns, with the figures of the preceding quarter:- —

June, 1921. Alarch, 1921. £ Deposits free .«.»» . 29,264,632 30,785,205 Deposits fixed ... . 16,246,462 16,370,526 Deposits Government 8,188,535 6.299,404 Note circulation .... 7,853,073 7,830,296 Discounts .....•»•»• 2,935,959 4,950,248 Advances 5)449,527 49,496,133 Coin & Bullion .. 7.678,578 7,662.557 Govt. Securities . . 5,872.376 6,527,093 Tho total assets and liabilities compared with a year ago are:—* Assets Liabilities. £ £ June. 1921 ....... . 71,664,595 62,255,474 June, 1920 ...... . 52,469,358 71,310,711 Increase. Decrease. 19,195,227 9,055,237 Deposits show the foilowing changes during the last few yeaxs:— Jun<> qr. Free. Fixed. Total £ £ £ 1921 .. 23,264,032 16,216,462 45,511,094 1920 .. 28.334,182 16,243.911 54,598,093 1919 .. 28,252,584 14,753,346 43,005,930 1918 .- 22,110,629 13,929,450 36,040.079 1914 .. 14,698,720 10,807,025 25.505,745 Advances jumped up nearly £20,000,000 last year. The following table shows the growth during the past seven years:— June qr. Advances. Discounts. Total. £ £ 1921 .. 51,449,527 2,935.959 54,385,486 1920 .. 33,457.1S8 1,332,393 34,789,581 1919 . . 30,887,729 1,552,977 32,410,706 1918 .. 31,563,316 1,244,494 32.807,810 1914 .. 22,139,166 1,790,189 23,938,855 The following iable gives the exact relationship of deposits and advances during the last seven years:— Excess of Year. Deposits Advances. Deposits. £ $*, £ 1921 .. 45,511.094 54,385,486 •8,874,392 1920 .. 54,598,093 31,789,581 19,808,512 1919 .. 43,005,930 32.410,706 10,595,224 1918 .. 36,040,079 32,807,810 3,232,269 1914 .. 25,505,745 23,938,855 1,566,890 •Excess cf advances. The note circulation and coin and bullion figures are as under: — June Note Coin & quarter. Circulation. Bullion. 1921 - 7,853,073 7,678.'78 1920 .... 7,926,474 7,740,843 1919 5,984,688 8,084,148 1918 8,154.496 8,089,688 1914 1,699,809 5,500,450