RESERVE BANK.
INCREASE IN STERLING EXCHANGE NOTE ISSUE LOWER. The -weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, January 24, js as follows: — LIABILITIES.
Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities 70.789 per cent., compared with 69.963 per cent, on January 17. . , The note issue continues at a high level, despite the natural -decrease since the high point of Christmas. Since January 17 the note issue has decreased by £236,546, and now stands at £14,295.959. which is £l,227.567 above the figure for January 25, 1937. State deposits show a decrease of_ £17,420, the total now being £3,022,696. Iho trading banks’ reserve balances total £10,308.066 an increase of £681,255. Other demand liabilities stand at £641,541, a decrease of £9036. Other liabilities at £193,175 show an increase of £1458. London fund* show a further increase of £526,087, the sterling exchange total now standing at £17,209,189. Gold remains unchanged at £2,801.791. Subsidiary coin totals £218,393, an increase of £5lO. Advances to the Primary Products Marketing Department total £6,093,308, a decrease of £127.835. Advances to the State for other purposes stand unchanged at £900.000. . i , Investments remain unchanged at £2,658,325. Other assets total £80,432, an increase of £20,950. The statement balances at £29,961,438, an increase of £419,711.
1. General reserve fund ... £ s 1,500,000 0 d 0 2,. Bank notes '. 14,295,959 0 0 6. Demand liabilities — 3,022,696 7 8 (b) Banks 10,308,065 11 0 (c) Other 641,541 6 0 4. Time deposit* — 5. 6. Liabilities ii? currencies other than N.Z. currcncy Other liabilities 193,175 8 7 £29,961,437 13 3 7. ASSETS. £ s d 2,801.791 0 0 (b) Sterling exchango . 17,209,189 1 1 3. (c) Gold exchange Subsidiary coin .218,392 12 8 9. Discounts — (a) Commercial and agricultural bills ... (b) Treasury and local body bills 10. Advances — (a) To the State oi State undertakings: (1) Primary products Marketing Dept 6,093,303 8 4 (2) For other purposes 900,000 0 0 ib) To other publics authorities (c) Other 11. Investments 2,658,325 0 0 12. Bank buildings — 13. Other assets 80,431 11 2 £29,961,437 13 3
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Bibliographic details
Manawatu Standard, Volume LVIII, Issue 51, 28 January 1938, Page 5
Word Count
357RESERVE BANK. Manawatu Standard, Volume LVIII, Issue 51, 28 January 1938, Page 5
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