THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20265, 6 August 1937, Page 3

THE RESERVE BANK.

AN INCREASE IN DEPOSITS. RISE IN NOTE ISSUE. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday. August 2, was gazetted to-night. .The statement is balanced at. £31,313,040, or £25,072 less than at the close of the previous week. Government deposits have increased during the week by £307,260, this movement following a rise of £296,077 in the. last previous return. Deposits of the trading banks are £32,037 higher. The note Issue Is £30,744 greater in value than It was a week before, while other demand liabilities have fallen by £394,124. The sterling exchange reserve has risen in value by £17,752.; advances to the Dairy Industry Account are £64,033 lower, while other assets have increased £22,273. The statement with variations compared with the week before Is as follows : LIABILITIES. Variation £ £ I.Oeneral reserve 1.500,000 Same 2. Bank notes ... 12,630,571 +39,714 3. Demand liabilities--.a. State 6.725,665 1307,269 (b) Banks .... 9,793,843 132,037 («•) Other 568,335 - 394,124 6. Other liabilities 94,620 -10,898 Tula 1 31,313,040 -25,97 2 ASSETS. ( (ID Sterling Ex'. 50.57V1.522 t I 7. 7' 5 2 8. Subsidiary coin 110,162 - 1,904 10. Advances—l. Dairy Industry poses 300,000 Same It. Investment .... 2,900.450 same 13. Other assets .. tot,l 15 + 5?. 2 73 Total 31,313,040 25.972 Proportion of reserve to notes and other demand liabilities, 70.676 per cent. (70.570 last week).