RESERVE BANK
Further Rise In Sterling
Sterling and other exchange held by the Reserve Bank rose £l.'3m to £ 12.3 m in the week ended May 10. The previous week the rise was £ 1.7 m. Borrowing by the trading banks fell £o.6m to £ 15.2 m and trading banks’ deposits rose £o.9m to £6lm. Other changes were minor. Main Items from the latest week's return, with the previous Week's figures, are as follows:
Liabilities Mav 3 £000 Mav 10. £000 Bank notes 82.855 83,116 Demand Liabilities— State 17.262 18.121 Marketing 758 1.550 Tr. banks 61.043 60.178 Other 1.091 906 Assets Reserves— Gold 315 315 Sterling exc. 12.006 10,269 Other exc. .. 315 781 Investments— Overseas 31,267 31.267 In N.Z 71.308 71,308 Advances— State 41 2 Mark. org. .. 37.136 38.193 Other 15.200 15,805 Other Assets— Gold 5.848 5.848 Other 1,621 2.222
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Press, Volume C, Issue 29515, 17 May 1961, Page 19
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137RESERVE BANK Press, Volume C, Issue 29515, 17 May 1961, Page 19
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