RESERVE RATIOS Increase Of £6m
(N.Z. Press Association) WELLINGTON, May 18. The reserves which trading banks are required to hold with the Reserve Bank are increased from May 19 by a notice in tonight’s Gazette. Balances shall equal not less than 27 per cent, of demand natalities in New Zealand plus 10 per cent, of time liabilities. The previous change in the ratios was on April 28, when the demand liability ratio was then increased to 25 per cent The ratio of Ifr per cent, for time liabilities has not been changed recently. (The increase will have the effect of raising by about £6m the trading banks* statutory minimum deposits.)
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Press, Volume C, Issue 29517, 19 May 1961, Page 15
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110RESERVE RATIOS Increase Of £6m Press, Volume C, Issue 29517, 19 May 1961, Page 15
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