RESERVE BANK.
STERLING EXCHANGE HIGHER
NOTE ISSUE DECREASED,
Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 79.012 per cent, as compared with 78.457 per cent, on June 21.
Sterling exchange shows an increase of £365,419 bringing the total up to £21,542,638. Gold remains unchanged at £2,801,791. Subsidiary coin amounts to £117,273, an increase of £7817. Advances to the State dairy industry account amount to £4,(54,993, a decrease of £151,348. Advances to the State for other purposes are still unchanged at £200,000. Investments show no change at £2,906,450. Other assets amount to £75,922, a decrease of £17,971. The bank’s note issue totals £12,630,838, showing a further decrease of £128,256.
Demand liabilities to the State at £7,361,047 show a decrease of £281,060. The trading banks’ reserve balances total £9,824,089, ail increase of £612,322. Other demand liabilities amount to £994,985, an increase of £44,871. Other liabilities, at £88,106 show a decrease of £43,959. The statement balances at £32,399,066, an increase of £203,917.
WELLINGTON. July 2. The weekly statement of assets and liaIn'litips of tlig Reserve Bank of New Zealand as at the close if business on ' LIABILITIES. £ s d ] General reserve fund ... 1,600.000 0 0 2. Bank notes 12,630,838 0 0 7,361.047 6 1 9.824,089 12 9 (c) Other 994,984 18 1 4. Time deposits — 5. Liabilities in currencies other than N.Z. currency — 6. Other liabilities 88,106 7 6 £52.399,066 4 5 Assets. 7. Reserve*— ;i- £ 2,801,791 0 0 (b) Sterling exchange . 21,542,637 12 7 (cj Gold exchange — 8. Subsidiary coin 117,272 lo 2 9. Discounts — (a) Commercial and agricultural bills .. (b) Treasury and local body bills — 10. Advances — (a) To tbo State or State undertakings: (1) Dairy industrv account 4,754,992 19 0 (2) For other purposes 200,000 0 0 (b) To other public authorities — (c) Other — 11. Investments 2,906,450 0 0 12. Bank buildings — 13. Other assets 75,921 17 8 £32,399,066 4 5
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https://paperspast.natlib.govt.nz/newspapers/MS19370702.2.60.12
Bibliographic details
Manawatu Standard, Volume LVII, Issue 181, 2 July 1937, Page 5
Word Count
317RESERVE BANK. Manawatu Standard, Volume LVII, Issue 181, 2 July 1937, Page 5
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