BANK RETURNS

Waikato Times, Volume 119, Issue 19895, 26 May 1936, Page 14

BANK RETURNS

‘ MONTHLY STATEMENTS. i 1 HIOHIR NOTE CIROULATION. i i i 1 LONDON ASSETS GREATER. I | I I ; l l The monthly statements or assetsi and liabilities of the six trading banks 1 at the close of businws on Monday. April 27, have been gazetted. i Notes of the banks’ own issues tol the value of £537,624 were outstand-i ing at the date of the return. Thisi, figure is only £7630 less than the. value a month before, indicating how ‘5 greatly the rate of their return to‘ the banks has decreased. Between' February :34 and March 30 there was a decrease of £14,800. or nearly twic:as much as that recorded in the lat-1' est period. At this rate there seems; likely to be at least £500,000 worth! of trading bank notes still on issue when the Reserve Bank takes over responsibility for them at the beginninfi of August. ’l‘ 1e active not. clmulution, made up of the unreturnod issues of the trading banks and Reserve Bank notes in the hand-s of the public, amounted to 5.150.681 at April 27. This was, over £45,000 more than a month be! fore, and indicates a considerable de» . mand for cash currency to finance‘ ordinary or retail trading. The position in the latest return,i compared with those a month, three" months, six months and a year before, - ‘is shown in the following tablez— : i 1935 T. Ennks a. Bank Total ,l . - £ s .c l April 29 . . 300.302 5.575.039 6370.341 0333625 519,012 5.505.432 6.515.344 ‘ Jan. 27 571.765 5.265.992 6.557.760 March 30 54.5 254 5,559,737 7,105,041 ‘ April 27 537.524 0.513.057 7.150.051 I i Free Deposits Increase. Free deposits, or current account balances, were some £103,000 greater than at March 30, but this sum shows a slackening of the pronounced rise} that has taken place since September. i The flush of the export season is now j over, and the returns from roducel sold are not affecting the gankingl position as they were. Fixed deposits, 1 which fell by roughly £500,000 be«l tween January and March have risen 3 again by nearly £BOO,OOO to a totali greater than any recorded during 1935. A comparison of free and fixed deposits and the totals of the two at April 27 and one month, three months, six months and a. year previously is as follows: 1955 Free Fixed Total ££ E ‘ April 20 27,005,334 35,755,004 52,350,338 0:553:11 24,922,423 35.102.335 61,114,753 Jan. 27 23,527,915 37,053,507 55,351,522 March so .. 31.945454 35,520,960 55.475214 April 27 32,049,252 37,310,220 69,550,075} | The advances and discounts at the ‘ date of the return amounted to ‘£45.090,888. discounts accounting for EMS-6,961 of the total. The combined 1 amount is some £172,000 greater than 2 that at the end of March, but is still nearly £500,000 below the level on January 27. The increase in the total I of deposits has made their excess over ‘ advances some £700,000 greater than in the March return. ‘ The movements over 12 months are ,shown in the following table, giving. . the latest figures, compared \vithi those of a month, a quarter, a half—; l year and a year previouslyz— ‘ l Excess of i 1035 Deposits Advances Deposits l 1 £ A: .c | ‘April 29 .. 62.850.335 «5.400.705 17,449,630! locltémcs 61,114,753 45,577,237 10237475} ..lan. 27 65,861,522 45.540.534 20,212.11i5l iMarch so .. 58,476,414 44,018,852 23,557.552 l April 27 ... 00,300,075 45,090,505 24,259,210} Assets in London. it The value of assets held in Londouj by the banks on account of Newl Zealand business has increased byl nearly £1,840,000, compared with the Level of March 30. The total is now ! nearly £5,000,000 greater than at the end of January, though still £2,280,000 below the value so held in April last lyear, when the figure was almost at its peak. Similar overseas assets held i .olsewhere than in London have in-' I creased by approximately £BO,OOO. I The figures showing these overseas lassets. held on New Zealand account, compared at intervals of one month, three, six and 12 luonths, are as fol- ‘ lows:— ‘ i lj 1035 London Elsewhere Total ! i £ £ £ . April 29 18.260.153 7.051.554 25,348,017 ‘Oct. 25 . 12,293,351 5,754,513 18,057,580 1.1.3.8627 11.139379 5.133.192 17.333.071 .\lucli 30 . 14.143.330 0.225.321 20.363.500 April :7 . 15.05u.11i0 0,305,053 22.255.2z5l The subsidiary coin held at Aprili 27 was valued at £738,083, compared with £754,010 on March 30. The re—turn also shows gold to the value of £723 held by the banks, against .0691 in llle March return.