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Tuesday, 29 November 1960

Mr Whitlam m asked the Treasurer, upon notice -

1.   What are the depositors' balances with (a) The Australia and New Zealand Savings Bank Limited, (b) the Bank of New South Wales Savings Bank Limited and (c) the C.B.C. Savings Bank Limited?

2.   What amount has each bank invested in (a deposits with the Reserve Bank, (b) deposits with and loans to its parent bank, (c) treasury bills, seasonal inscribed stock and seasonal treasury notes, (d) other securities issued by the Commonwealth, (e) securities issued by a State, (f) securities issued by an authority (not being a bank) constituted by or under a Commonwealth or State act, (g) loans the repayment of which is guaranteed by, or by a person acting for and on behalf of, the Commonwealth, a State or a Territory of the Commonwealth, (h) loans for housing or other purposes on the security of land in Australia, and (i) loans to authorized dealers in the short-term money market upon the security of securities issued by the 'Commonwealth'?

Mr Harold Holt - The answers to the honorable member's questions are as follows: - 1 and 2. In accordance with the provisions of the Banking Act 1959 details of the liabilities and assets as at the end of each month of individual savings banks are published in the Commonwealth Gazette by the Commonwealth 'Statistician. In certain instances, the precise information requested by the honorable member is either not required to be furnished by the savings banks under the act or is not published. However, to the extent that the desired information is published by the Commonwealth Statistician, the details, which have been extracted from the latest relevant statement published in the Gazette dated 3rd November, 1960, together with explanatory footnotes, are set out below -


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