Social and Behavioral Sciences Commons^™

Ownership Of Commercial Bank Deposits In 1965, Central Bank Of Nigeria Cbn

Economic and Financial Review

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.