THE government managed to raise Rs132.637bn from the latest auction of Treasury bills of various tenors on July 9.

Of this, three-month T-bills fetched the highest amount of Rs124.566bn at a cut-off yield of 9.9564pc, followed by six-month T-bills with Rs7.907bn at 9.9791pc and 12-month T-bills with Rs163.692m at 9.99pc.

The central bank had received total bids amounting to Rs133.614bn. Of these, three-month bills had attracted Rs125.543bn, followed by six-month bills with Rs7.907bn and 12-month bills with Rs163.692m.

According to weekly statement of position of all scheduled banks for the week ended June 27, deposits and other accounts of all scheduled banks rose by 3pc to Rs8082.412bn, from the prior week’s figure of Rs7844.566bn. Deposits and other accounts of all commercial banks also rose by 3pc to Rs8060.352bn in the week, against the preceding week’s Rs7823.890bn. Deposits and other accounts of all specialised banks stood at Rs22.06bn in the week, against the previous week’s figure of Rs20.676bn.

Three-month Treasury bills attracted most attention during the latest auction, fetching the government Rs124.566bn

Cash and balances with treasury banks of all scheduled banks went up by 5.86pc during the week under review to Rs685.57bn, against the earlier week’s Rs647.607bn. Cash and balances with treasury banks of all commercial banks stood at Rs682.219bn in the week, against the preceding week’s figure of Rs644.346bn, up 5.9pc. Cash and balances with treasury banks of all specialised banks stood at Rs3.351bn in the week, against the preceding week’s figure of Rs3.261bn.

Investments of all scheduled banks stood at Rs4360.507bn in the week ended June 27, up 1.1pc from the preceding week’s figure of Rs4312.724bn. Investments of all commercial banks stood at Rs4328.522bn in the week, against the preceding week’s figure of Rs4281.670bn, also up 1.1pc. Specialised banks’ investments stood at Rs31.986bn in the week, against the preceding week’s figure of Rs31.054bn.

Gross advances of scheduled banks stood at Rs4285.955bn in the week under review, an increase by 1.67pc over the preceding week’s figure of Rs4215.368bn. Advances by commercial banks rose by 1.72pc to Rs4153.719bn in the week, against the earlier week’s figure of Rs4083.365bn. Advances by specialised banks stood at Rs132.236bn in the week.

Total assets of all scheduled banks stood at Rs10421.185bn in the week ended June 27, up 2.24pc over the preceding week’s figure of Rs10,192.771bn. Total assets of all commercial banks stood at Rs10 241.964bn in the week, up 2.25pc over the previous week’s figure of Rs10015.822bn. Total assets of all specialised banks stood at Rs179.221bn in the week, over the previous week’s Rs176.949bn.

Borrowings by all scheduled banks declined in the week under review to Rs692.015bn, over the prior week’s Rs776.470bn, or by 10.9pc. Borrowings by all commercial banks fell to Rs611.462bn in the week, against the previous week’s Rs696.786bn, or by 12.24pc. Borrowings by specialised banks stood at Rs80.553bn, against the preceding week’s Rs79.684bn, up 1.1pc.

Other liabilities of all scheduled banks stood at Rs407.984bn in the week ended June 27, against the preceding week’s Rs379.654bn, up 7.5pc. Other liabilities of all commercial banks rose by 8.6pc to Rs356.095bn, over the previous week’s Rs327.858bn.

Net assets of all scheduled banks stood at Rs.989.283bn in the week under review.

Published in Dawn, Economic & Business, July 14th, 2014