Forbes Advocate in Forbes, New South Wales

Australia Bank Deposits Jump and Government Loans Rise

Official figures show cheque paying banks in Australia raised customer deposits from 79 million to 82 million pounds in a year, a 30 percent rise. Treasury Billy credit grew from 201 million to 264 million pounds, up 28 percent. Central Bank deposits, once frozen by Labour anti inflation measures, fell from a May peak of 586 million to 76 million in twelve months, a drop of 215.68 million. Special deposits were cut by 60.3 million in a single week.