RESERVE BANK FUND
STERLING EXCHANGE AT NEW PEAK Sterling exchange, as disclosed by the Reserve Bank return as at the close of business on June 3, has risen by £2,723,000 to reach a new peak at £93,519,000. The total for the comparable week last year was £64,896,000. Together with the sterling investments of £23,716,000 the Reserve Bank’s total of sterling funds now stands at £117,235,000. Details (all in thousands), with the figures for the previous week attached, are as follows:
Liabilities June 30. June 23. <£000) (£000) Genera) reserve Bank notes 1.500 67.569 1.500 67,479 Demand liabilities — Govt. marketing 41 6,716 87,128 8,167 (2) Other .. •. (b) Banks 86,480 (c) Other: (1) Marketing orgns. 256 226 (2) Other 2,383 2,089 Other currencies 5 39 Other liabilities 9,406 6,337 174,004 172,344 Assets Reserve—(a) Gold 6,169 6,170 (b) Sterling exchange 90,796 93,519 (c) Other exchange .. 503 438 Subsidiary Coin .. 607 607 Advances— (a) State: (1) Govt. marketing 4,619 6,244 (2) Other purposes .. 33,605 30,056 (b) Other: (1) Marketing orgns. 6,434 5,187 (2) Other advances .. 6,369 5,369 Investments— 23.716 23.716 ' Sterling .. • • Oher assets .. t 852 805 174,004 172,3 k
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Press, Volume XC, Issue 27395, 7 July 1954, Page 16
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185RESERVE BANK FUND Press, Volume XC, Issue 27395, 7 July 1954, Page 16
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