RESERVE BANK OF N.Z.
SHARP STERLING DROP. BANKS' DEPOSITS LOWER. WELLINGTON, Thursday. The statement of assets and liabilities of the Reserve Bank of New Zealand at the close of biisine:** on September 9 has been sent by the Press Association from Wellington. It compares with the return for the previous week as under: — LIABILITIES. Variation.
£ £ General reserve 1.500.000 s ?2t» Bank notes 19.998.630 —6.432 Demand llaolllUes— State 4.784.578 —12.619 Banks 4.775.448 -1.S5S.102 Other 388.448 571.518 Other currencies .. 12.000 —JQ» Other liabilities .. - 853.713 173.632 Total 42.212.817 —1.526.307 ASSETS. Reserve— Gold 2.801.852 Same Sterling exchange 9.756.282 —1.427.013 Subsidiary coin 114.348 —2.172 Advances — „ , njL Marketing 3.219.512 —46 -'0 Other 23.540.000 Same Investment 2.533.219 —4.239 other assets 247.604 —46.113 Total 42.212.817 —1.526.307 1 Signifies Increase. Proportion of reserve to notes and other demand liabilities, 31.4S6 per cent (33.713 last week). Three Years Compared. The following table shows the portion of the bank's funds at this date for the past three year® (in thousands of pounds):— 1938. 1939. 1940. Bank notes 13.628 16.105 19.999 Deposits— State 3.113 1.221 4.785 Banks 6.267 12.927 4.775 Exchange 12.681 5.681 9.756 Advances — Marketing 3.340 5.106 3.220 Other 3.050 14.850 23.540 Ratio (per cent) 66.43 27.658 31.486
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Auckland Star, Volume LXXI, Issue 218, 13 September 1940, Page 4
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197RESERVE BANK OF N.Z. Auckland Star, Volume LXXI, Issue 218, 13 September 1940, Page 4
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