Ownership of Commercial Bank Deposits in 1965

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Commercial Bank, Deposits, Time deposit, Demand Deposit, Savings Deposit

Abstract

The importance of demand deposits relative to total deposits continued to decline a development which started in 1960. The proportion of these deposits fell from 50.3 per cent of total deposits at the end of 1964 to 46.8 per cent on 31st December, 1965. The substantial increase recorded in the deposits of non-financial businesses needs special comment. There has been a rapid increase in non-financial business holdings of time deposits since December,1963.

Author Bio

The authors are staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Economical and Financial Review

Issue

2

Volume

4

Recommended Citation

Central Bank of Nigeria (1966). Ownership of Commercial Bank Deposits in 1965. CBN Economical and Financial Review. 4(2), 17-22.