ON June 27, the State Bank of Pakistan raised Rs96 billion through Treasury Bills auction. The banks had offered a total of Rs130.9 billion. The banks invested heavily in 3-month T-bills, that raised Rs66 billion at a cut off yield of 11.92 per cent.

It raised Rs10 billion at 11.94 per cent from 6-month T-bills and Rs19.3 billion were invested in 12-month paper at a cut off yield of 11.95 per cent.

In the week ended June 22, 2012, deposits and other accounts of all scheduled banks increased and stood at Rs6131.665 billion, higher by Rs23.494 billion over preceding week’s figure of Rs6108.171 billion. Compared with last year’s corresponding figure of Rs5366.076 billion, the current week’s figure is larger by Rs765.589 billion. During the current week, commercial banks deposits showed a rise of Rs23.14 billion over the week to Rs6116.390 billion, against preceding week’s Rs6093.250 billion. Specialised banks deposits stood at Rs15.275 billion.

According to the weekly statement of position of all scheduled banks for the week ended June 22, 2012, borrowings by all scheduled banks decreased in the week. It fell to Rs560.603 billion over preceding week’s figure of Rs600.642 billion, or by Rs40.039 billion.

Compared to last year’s corresponding figure of Rs510.910 billion, current week’s figure is higher by Rs49.693 billion. Commercial banks borrowings decreased to Rs483.670 billion against previous week’s Rs523.517 billion, or by Rs39.847 billion. Borrowings by specialised banks stood at Rs76.934 billion.

Gross advances stood at Rs3677.845 billion in the week under review, a fall of Rs10.255 billion over preceding week’s figure of Rs3688.100 billion. Compared to last year’s corresponding figure of Rs3488.000 billion, current week’s figure is higher by Rs189.845 billion. In the week under review, advances by commercial banks fell to Rs3559.925 billion against earlier week’s figure of Rs3570.438 billion, or by Rs10.513 billion. Advances of specialised banks stood at Rs117.921 billion.

Investments of all scheduled banks stood at Rs3114.723 billion, against preceding week’s figure of Rs3123.188 billion, a fall of Rs8.465 billion. Compared to last year’s corresponding figure of Rs2445.574 billion, current week’s figure is larger by Rs669.149 billion. In the current week, commercial banks investment stood at Rs3091.869 billion, against preceding week’s figure of Rs3101.043 billion, a fall of Rs9.174 billion. Specialised banks investment stood at Rs22.854 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs25.85 billion during the week to stand at Rs526.597 billion against earlier week’s Rs500.747 billion. Current week’s figure is higher by Rs77.858 billion compared to last year’s corresponding figure of Rs448.739 billion. In the current week, the figure for commercial banks stood at Rs523.885 billion against preceding week’s figure of Rs498.098 billion, a rise of Rs25.787 billion, while of specialised banks it stood at Rs2.712 billion, against preceding week’s Rs2.648 billion.

Balances with other banks decreased to Rs148.972 billion against Rs150.208 billion in the previous week, or by Rs1.236 billion. It was higher by Rs0.551 billion against Rs148.421 billion in the corresponding week last year. Balances of all commercial banks stood at Rs139.950 billion, a decline of Rs0.516 billion over preceding week’s figure of Rs140.466 billion. Balances of specialised banks stood at Rs9.022 billion.

Total assets of scheduled banks stood at Rs8016.231 billion, higher by Rs20.389 billion, over preceding week’s figure of Rs7995.842 billion. Current week’s figure was higher by Rs987.46 billion compared to last year’s corresponding figure of Rs7028.771 billion. In the current week, commercial banks assets stood at Rs7865.785 billion, higher by Rs20.075 billion over previous week’s figure of Rs7845.710 billion, while of specialised banks it stood at Rs150.446 billion.

Net assets of all scheduled banks stood at Rs819.809 billion against preceding week’s figure of Rs814.820 billion, showing a rise of Rs4.989 billion. The figure for commercial banks stood at Rs807.916 billion, larger by Rs4.783 billion over preceding week’s figure of Rs803.133 billion. Specialized bank’s net assets stood at Rs11.893 billion, against previous week’s 11.687 billion.

Notes in circulation in the week ended June 22, 2012, stood at Rs1812.636 billion, smaller by Rs19.774 billion over preceding week’s figure of Rs1832.410 billion. Current week’s figure was higher by Rs188.56 billion, compared to last year’s corresponding figure of Rs1624.076 billion.

In the week under review, approved foreign exchange increased to Rs372.349 billion, against previous week’s figure of Rs360.377 billion showing a rise of Rs11.972 billion. Compared to the corresponding figure a year earlier when it stood at Rs391.598 billion, current week’s figure is lower by Rs19.249 billion.