Fall in bank deposits

ACCORDING to the Statement of Affairs of the SBP, for the week ended March 26, 2011, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs1,611bn against earlier week's figure of Rs1,629bn, a fall of Rs18bn. When compared to the corresponding  week a year ago when it was Rs1,362bn, the current week's figure is higher by Rs249bn. Total notes issued also decreased in the current week over preceding week's level. At Rs1,611bn it was smaller by Rs18bn over the figure of Rs1,629bn recorded a week earlier. In the corresponding  week last year it amounted to Rs1,362bn, which shows current week's figure to be higher by  Rs249bn over last year's corresponding figure. Loans and advances of scheduled banks to the three sectors – agricultural, industrial and export  showed a mixed trend in the week under review. The agricultural sector received Rs53bn,  similar to preceding week's figure. The current week's figure is smaller by Rs3bn over last year's corresponding figure of Rs56bn. There was an inflow of Rs41bn to the industrial sector during the week. When compared to last year's corresponding figure of Rs43bn, it is smaller by Rs2bn. The export sector received Rs200bn. Compared to last year's corresponding figure of Rs194bn, it shows an increase of Rs6bn. According to the weekly statement of position of all scheduled banks for the week ending March 25, deposits and other accounts of the scheduled banks decreased in the current week and stood at Rs5,046bn, smaller by Rs5bn over preceding week's figure of Rs5,051bn. Compared with last year's corresponding figure of Rs4,424bn, the current week's figure is larger by Rs622bn. During the current week, commercial banks deposits showed a fall of Rs4bn over the week to Rs5,032bn, against preceding week's Rs5,036bn. Specialised banks deposits stood at Rs14.5bn,against preceding week's Rs14.4bn. Borrowings by all scheduled banks increased in the week. It rose to Rs534bn over preceding week's figure of Rs505bn, a rise of Rs29bn. Compared to last year's corresponding figure of Rs533bn, current week's figure is higher by Rs1bn. Commercial banks borrowings rose to Rs458bn against previous week's Rs429bn, or by Rs29bn. Borrowings by specialised banks stood at Rs75.6bn. Gross advances stood at Rs3,474bn in the week under review, a rise of Rs2bn over preceding week's figure of Rs3,472bn. Compared to last year's corresponding figure of Rs3,257bn, current week's figure is larger by Rs217bn. In the week under review, advances by commercial banks rose to Rs3,360bn against earlier week's figure of Rs3,358bn, or by Rs2bn. Advances of specializedbanks stood at Rs114bn. Investments of all scheduled banks increased in the week by Rs10bn to Rs2,202bn against preceding week's figure of Rs2,192bn. Compared to last year's corresponding figure of Rs1,705bn, current week's figure is larger by Rs497bn. In the current week, commercial banks investment  rose to Rs2,185bn, from earlier week's Rs2,176bn, or by Rs9bn. Specialised banks investment stood at Rs16.9bn, against preceding week's Rs16.2bn. Cash and balances with treasury banks of all scheduled banks increased by Rs23bn during the week to stand at Rs436bn against earlier week's Rs413bn. Current week's figure is higher by Rs40bn compared to last year's corresponding figure of Rs396bn. In the current week, the figure for commercial banks stood at Rs433bn against preceding week's figure of Rs410bn, a rise of Rs23bn, while of specialised banks it stood at Rs2.8bn, similar to preceding week's figure. Total assets of scheduled banks stood at Rs6,716bn, larger by Rs35bn, over preceding week's figure of Rs6,681bn. Current week's figure was higher by Rs695bn compared to last year's corresponding figure of Rs6,021bn. In the current week, commercial banks assets stood at Rs6,578bn, larger by Rs37bn over previous week's figure of Rs6,541bn, while of specialised banks it stood at Rs139bn, similar to preceding week's figure.