THE RESERVE BANK

Waikato Times, Volume 122, Issue 20497, 13 May 1938, Page 8

THE RESERVE BANK

FALL IN NOTE ISSUE DAIRY ADVANCES LOWER (By Tofegrapn.—press Association) V ELLINGTON, Thursday The Reserve Bank return for the week ended Monday, May 9, was gazetted to-night. The statement is balanced at £20,8 40,868, or £029,532 less Ilian at tile close of the previous week. Deposits of the trading banks have fallen by £703.047 in the week since the previous return. Government deposits are £70,059 higher. There has been a decrease of £38,555 in the value of the note issue. Advances to the Primary Produt® Marketing Department are £588,096 lower in value than the week before. The sterling exchange reserve has fallen by £166,262, while the investment item is £118,597 higher. The statement with variations compared with the week before is as follows :

LIABILITIES Variation £ £ 1. r.pnoral reserve 1.500,000 2. Bank notps ... 1 4,069,1505 Same -38,555 3. Demand liabilities— < '1 State 4.39 1,823 T70.059 ( Ij * Banks 6,264,7 i 6 ( r) Other .... 321.196 6. Other liabilities 29 1.127 — 1.484 Total 26.SiO.SGS -029,532 ASSETS 7. Reserve— O' Hold 2.SO 1.791 ' b Sterling- F.v. 17.4*1,l«f s. Subsidiary coin 227,266 -97 5 1. Dairy Industry Arcmint 3,6 32*86 5 5 8 8.096 1 1 . Investment .... 2,650.676 f 1 18.597 13. <dher a s; iei5 .. 67.089 17.2 0 4 r-cs‘689-* IBIOJ, t Denotes pins. Proportion of reserve to i iotec and other demand liabilities, 80.9 (79.569 last week). per cent.