THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20277, 20 August 1937, Page 2

THE RESERVE BANK.

GOVERNMENT DEPOSITS. RISE IN DAIRY ADVANCES. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, August 16, was gazetted to-night. The statement Is balanced at £31,16 I,l*B or £529,705 more than at the close of the previous week. A further decrease of £138,046 in the level of Government deposits, following one of £112,583 the week before, is shown, hep..sits of the trading banks are £'§'§7,l23 higher, other demand liabilities have increased by £189,08 1 . while the note issue is £31,975 higher. The sterling exchange reserve is £245,970 greater in value than the week before. Advances to the Dairy Industry Account have increased by £293.802. The statement with variations, compared with the. week before, is as follows: LIABILITIES Variation £ e 1. General reserve 1.500,000 Same 9. Bank note* ... 12,033,208 tai.975 3. Demand liabilities—(ai State ft. 475.030 -1 38.04 ft 1b) Banks .... 9.665.819 +4 47.1 23 <C) Other .... 85 1.008 11 80.0 S 1 6. Other liabilities 92,967 —428 Total :tl,t ft 1.188 +520,705 ASSETS. 7. Reseno(R) Gold 2.801,7 01 same (b) Sterling Ex. 20.309.810 1245,070 8. Subsidiary coin 108,680 -1,653 10. Advances 1. Dairy Industry Account 4,577,817 +293,802 2. For other put - 11. Investment .... 2,906,450 same 13. Other assets .. 66.640 -8.414 Total 31.161.t58 +520.705 Proportion of reserve to notes and other demand liabilities. 78.468 per cent. 7 9.053 last week).