RESERVE BANK RETURN
STERLING £409,548 U? STATE DEPOSITS DECLINE NOTE ISSUE ,C 10,000,000 (Per Preis Association.) WELLINGTON, this day. The Reserve Bank return for the week ended Monday, September 11, was gazetted last night. The statement is balanced at £32,593,449, an increase of £159.283 on the previous week’s figure. While State deposits reveal a fall of £507,519, those of the trading banks have risen by an almost equal amount. With an increase of £161.048. the note issue has been lifted to over £16.000,000, but the reserve ratio is slightly higher at 27.658 per cent. The principal movement in assets is a gain of £409,548 in sterling exchange. which now amounts to £5,681,358. The marketing account has contracted -by £222,467 on the previous week’s total, while advances for other purposes are unchanged. The -principal items in this week's return are compared with those at the corresponding date last year in the following table:—
iOOO’s omitted) 1939 f? 1938 Variation Notes Deposits— . . 10.105 13.705 -1-2,400 State 1.221 3,518 —2.297 Banks . . 12,928 '5,937 -1-6.941 Exchange Advances— . . 5.G81 12,6.39 —6,958 Produce .. 5.107 3,540 -1-1.567 Other .. 14.850 3.050 -'-11,800 Ratio p.c. .. 27.G53 65.847 —38.189
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20044, 16 September 1939, Page 11
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189RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20044, 16 September 1939, Page 11
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