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SAVINGS HELD BY AFF1LIATED AGRICULTURAL BANKS
(fl. thousands)
31stDec.'49 31stDec.'50 31stDec.'51
Open Account462.908 497.787 521.235
Investment Account44.000 29.281 14.588
Option Account2.000
Blocked Account10.000
518.908 527.068
535.823
In accordance with the advice of the Central Bank the interest rates for open savings were
generally increased from 2.25% to 2.40% for members and from 2.16% to 2.28% for non-mem-
bers. The interest rates for deposits which had previously been raised were again increased for
1950 viz. to 2.75% for annual deposits and 2.64% for deposits withdrawable at six month's notice.
The deposits withdrawable at six month's notice increased from fl. 0.7 to fl. 1.5 million, those
withdrawable at a year's notice from fl. 41.2 to fl. 46.2 million.
The trend of deposits and withdrawals on savings accounts was more striking than it has been
in recent years. In the first six months a continuous decline in the savings deposited; in the second
half of the year a steady rise in balances. This change resulted not from a rise in deposits which
amounted to fl. 118 and fl. 120 million for the first and the second half of the year respectively,
but from a decline in the amount of withdrawals which feil from fl. 136 million for the period ending
30th June to fl. 105 million in the July-December period.
DEPOSITS AND WITHDRAWALS OF SAVINGS
(fl. millions)
1949
1950
1951
49
51
57
49 U
55
64
72
63
70
63
72
53
49
50
59
55
lst Qu.
2nd Qu.
3rd Qu.
50
71
51
57
65
55
4th Qu.
- DEPOSITS
WITHDRAWALS
DEVELOPMENT OF SAVINGS DEPOSITS AT THE AFFILIATED AGRICULTURAL BANKS
(fl. thousands)
1951
1950
January
19.657
19.100
557
21.827
16.360
5.467
18.860
20.503
1.643
18.173
14.517
3.656
March
16.467
24.585
8.118
17.693
18.617
924
April
15.367
21.866
6.499
15.201
17.504
2.303
May
16.145
18.297
2.152
21.383
17.738
3.645
June
31.066
31.791
725
33.149
34.795
1.646
July
21.078
18.838
2.240
18.467
20.391
1.924
August
18.067
15.709
2.358
15.536
16.894
1.358
September
16.069
15.334
735
16.341
21.818
5.477
October
18.899
17.866
1.033
16.206
21.867
5.661
November
21.531
17.584
3.947
16.155
17.729
1.574
December
24.714
19.881
4.833
19.192
17.840
1.352
Total deposits 31 December 1951
(without credited interest) 524.323
Estimated interest 31 December 1951 11.500
Total 535.823
Total deposits 31 December 1950
(without credited interest) 515.568
Interest credited at 31 December 1950 11.500
Total 527.068
1948
229.924
244.743
14.819
1949
246.500
230.300
16.200
1950
229.323
236.070
6.747
1951
237.920
241.354
3.434
CURRENT ACCOUNT BUSINESS
Current Account business by the affiliated agricultural Banks continues to grow steadily in
volume and importance. As last year various institutions again commenced making their payments
my means of current accounts with the agricultural banks. Greater use continues to be made of
authorizations for automatic transfers. The inclusion of the N.V. Gemeenschappelijk Bankkantoor,
established at The Hague, which body we created some years ago jointly with our associated bank
at Utrecht, has proved to be of increasing importance for the settlement of current payment trans-
actions for agriculture and horticulture through the mediation of the agricultural banks.
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With interest added.
Payments
With
drawals
Balance
Payments
Balance
With
drawals
Payments
With
drawals
Balance
Payments
Payments
With
drawals
February
Total
Payments
Total
With
drawals
Total
Balance
Payments
Totai
Balance
With
drawals
