THE RESERVE BANK

Waikato Times, Volume 119, Issue 19880, 8 May 1936, Page 2

THE RESERVE BANK

RECOVERY IN NOTE ISSUE. DECREASE IN DEPOSITS. (By Telegraph.—rress Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, May 4, was gazetted to-night. The statement is balanced at £28,847,793 or £2,66,200 less than at the close of the previous week. The note issue, which had recorded' several reductions from the Easter holiday level lias now recovered to the extent uT £17,217. Government deposits are £107,408 lower, while those of the trading hanks have fallen by £174,923. On the assets side sterling exchange is £309,155 lower in value than a week before. Subsidiary coin has fallen by £2596. Other assets show an increase of £45,699. The statement with variations compared with the week before is as follows : LIABILITIES. Variation 1. Gen. reserve £1,500,000 Same 5. R3nk notes .. 10,257,463 £17,2 17f 3. Demand liabilities's) State .. 8.476,857 107,408* ■b) Banks 8,409.674 174,925* to Other .. 126,509 23,1 141 6. Other liahilit. 77,290 24,253* Total .... £28,817,793 £266,260* ASSETS. 7. Reserve— Gold .... £2,801,733 Same (b 1 Sterl. E\. 23,915,444 £309,155* 8. Subsld. coin 203,195 2,596* 11. Investment .. 1,815,387 208' 13 Other assets 112,03 1 45,6UCt Total .... £23,347,793 £266,200* t Increase. * Decrease. Proportion of reserve to notes and other demand liabilities, 97.97 per cent. (98.232 last week).