According to the weekly statement of position of scheduled banks for the week ended February 28, 2004, the sum of demand and time liabilities and demand deposits rose, substantially.
The sum total stood at Rs1,920,579 million against preceding week's Rs1,910,523 million, showing a rise of Rs10,056 million. As compared to the total deposits of Rs1,635,596 million in the corresponding period last year, current week's deposits were higher by Rs284,983 million.
During the week under review, demand deposits stood at Rs962,250 million, a rise of Rs3,022 million over previous week's Rs959,228 million. It was also higher against last year's corresponding figure of Rs744,324 million by Rs217,926 million.
In the current week, time deposits increased over preceding week's figure. At Rs958,329 million it was larger by Rs7,034 million over previous week's Rs951,295 million and by Rs67,057 million, over last year's corresponding figure of Rs891,272 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities declined in the current week. At Rs146,761 million it was smaller by Rs3,955 million over preceding week's Rs150,716 million. Compared to last year's corresponding figure of Rs132,024 million, the current week's figure is higher by Rs14,737 million.
Scheduled banks borrowings from banks abroad stood at Rs21,603 million in the current week, as against Rs20,128 million a week ago, showing a rise of Rs1,475 million. It was larger by Rs6,945 million over last year's corresponding figure of Rs14,658 million.
Money at call and short notice in Pakistan increased in the week over previous week's figure. It stood at Rs27,532 million, a rise of Rs5,150 million over preceding week's Rs22,382 million. When compared to last year's corresponding figure of Rs22,761 million, the current figure is higher by Rs4,771 million.
Scheduled banks advances including bills purchased and discounted increased in the week under review. At Rs1,232,102 million it was larger by Rs4,096 million over preceding week's Rs1,228,006 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs983,870 million, the current week's advances are higher by Rs248,232 million.
Scheduled banks investment in central government securities, Treasury bills and other approved securities increased in the current week when compared to preceding week's level.
Such investments amounted to Rs743,778 million, a rise of Rs13,159 million over previous week's Rs730,619 million. Compared to last year's corresponding figure of Rs662,525 million, the current week's investment is higher by Rs81,253 million.
Total assets of scheduled banks increased in the week under review. These stood at Rs2,758,568 million against previous week's Rs2,741,078 million, a rise of Rs17,490 million. Compared to last year's corresponding figure of Rs2,500,901 million it shows a rise of Rs257,667 million.
