RESERVE BANK

Dominion, Volume 34, Issue 44, 15 November 1940, Page 3

RESERVE BANK

Note Circulation Higher STERLING FUNDS LOWER, A further decrease week has reduced the Rim tic , 1 sterling exchange to £8,678,110. Adviiitc to the State tor purposes otliti ban marketing remain "“changed jit x-po 6'90.000. The note issue atl2o.Uo.iim shows a further increase ot ibo.-o. - The statement of assets aud ItabiliutL of the Reserve Bank of Kew Zealand as at the close of business on Mondaj, vember 11. is as iollons.

£(N.Z.) 42,605,180 15 1 ♦Expressed in N.Z. currency. Proportion of reserve (No. < less co. to notes and other demand 28.495 per cent., compared with JS.auu per cent, ou November 4. , . The reserve on Mo " da i;. 518 s‘’9 £11.465,697, compared with £11,.>K,0-on on November 4, a decrease of_ia-.bo- - vr-ir two the reserve was £S,aH,2o3, and on November 14, 1938, it totalled £S exchange on Monday amounted to £8.678,110, compared with £»,<' L 840, ou November 4, a decrease of £9o, 730 Liabilities in currencies other than New Zealand currency ou £l4 •’O5 (a decrease of £40,808). tnus making the bank’s net overseas assets £8,663.845, compared with £&jl6.o< i o i November 4, a decrease ot £u2.83-. A year ago net overseas assets amounted to £5,775.394, and on November 14. 19ob, they stood at £5,G42,49L . The bank’s gold bolding remains un changed at £2,801,852. Subsidiary coin amounts to £86,753. an increase of £3984. Advances to the State Marketing Department total £2,777,751. a decrease of £87,898. A year ago the advances amounted to £7,151,999.Advances to the State f " r imposes remain unchanged at £-3,690,001. A vear ago they amounted to £l6,BiOjoW. Investments are unchanged at io.iii,720. Other assets at £795,99i> show an increase of £43.087. j-oaiooikq »n The note issue totals £20,4-0,163, an increase of £83.233. A. year ago it amounted to £17,390.889. Demand liabilities to the Suite total £6,435.816. an increase of £2iJ—oo. ine trading banks’ reserve balances amount to £12.942.763. a decrease of £4-4,<L>. Other demand liabilities total £400.34U, a decrease of £24.224. Other liabilities amount to £Bod,Boo. a balances at £42.605.181, a decrease of £134.505.

liabilities. s. d. 1. General reserve fund Bank notes 20,120,1U> 0 0 0 0 4. Demand liabilities— ... (a) State ii (b) Banks (e) Other 43b,340 o Time deposits ' 1 1 6 f) Liabilities tn cur(5. reneies other than . N.Z. currency . Other liabilities . ■ ■ 8o->,bal 10 11 0 £.(N.Z.) 42,605,180 15 1 ASSETS. d. 0 7. JJeserve— .> ent (a) Gold 2,801,bo2 0 (b) Sterling exchange b.bib.tVJ (e) Gold exchange — Subsidiary coin - • ov.ioo 11 11 s. 9. Discounts — tn) Commercial and agricultural bills (b) Treasury and local body bills .. 10. Advances — (a) To the State or state undertakings: (1) Marketing BeIS 11 partment -,iu,<ov (2 ) For other pur- Q 0 0 noses ■ (b) To other public authorities (c) Other _., A 0 11. 12. 13. In vestmen u, •. Bank buildings ...» 70c qoJ 12 Other assets tdb.AH J8