RESERVE BANK

Evening Post, Volume CXXXI, Issue 120, 23 May 1941, Page 9

RESERVE BANK

STERLING EXCHANGE RISING

Changes In the return of the Reserve Bank for the week ended May 19 show an increase in sterling exchange by £233,952. and at £21,267.307 this item compares with £11,885,008 at January 6, 1941, and £13,230.088 at May 20, 1940. Advances by the Bank to the State for purposes other than marketing are unchanged this week at £13,500,000. At May 20, 1940, such advances amounted t,o £19,560,000. The Bank note issue is increased this week by £122,959 to £21,809,612, and compares with £17,570,G03 at May 20, 1940. LIABILITIES. £NZ s. d. £NZ General Reserve 1,500.000 0 0 Unchanged Bank-notes ... 21,809,612 0 0 *122,959 Demand LiabilitiesState 8,413,259 15 5 *690,178 Banks 13,590,759 14 2 *50,317 Other 356.340 5 8 1305,916 Currencies other than X.Z. ... 12,956 16 4 t5,938 Other liabilities 1/246,131 16 4 *19.474 £XZ46,965,090 7 11 *568,073 ASSETS. £XZ s. d. £NZ Reserve — Gold 2,801,874 10 0 Unchanged Ster. exchange 21,267,3015 13 6 *233,952 Subsidiary coin 74,590 6 St 2,116 Advances to State— Marketing ... 3,986,603 10 6 *334,754 Other purposes 13,500,000 0 0 Unchanged Other advances . — — Investments 3,772,569 9 1 Unchanged Other assets ... 1.15(51.775 IS 2 *1,483 £XZ4G.965,090 7 11 . *568,0J3 fDccrease. *Increase. Proportion or reserve to notes and other demand liabilities, 54.41S per cent., compared with 54.557 per cent, for the week ended May 14, 1941, and 40.44 per cent, for the week ended May 20, 1940. The statutory limit is 25 per cent.