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Tuesday, 8 November 1977
Page: 3177

Mr Groom (BRADDON, TASMANIA) asked the Treasurer, upon notice, on 12 October 1977:

(1)   What total sum is currently standing to the credit of persons in savings bank accounts in Australia, and what were the amounts (a) 1, (b) 2 and (c) 3 years ago.

(3)   How many persons have savings accounts at savings banks in Australia at the present time, and what were the figures (a) 1, (b) 2 and (c) 3 years ago.

Mr Lynch -The answer to the honourable member's question is as follows: ( 1 ), (2) and (3) Available statistics do not distinguish between individuals and other depositors of savings banks nor do they indicate the number of depositors who maintain accounts. Data is, however, collected in relation to the number of operative accounts and this information is included in the following table showing depositors' balances with savings banks in Australia at August 1977 and for the same month in the three preceding years.

The table also shows the average balance per account and per head of population.


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