RESERVE BANK

Waikato Times, Volume 124, Issue 20739, 24 February 1939, Page 2

RESERVE BANK

INCREASE IN ADVANCES I DROP IN THE NOTE ISSUE cßv Teletrraph.—Pies; Association) WELLINGTON, Thursday ! The Reserve Bank return for t.he ■ week ended Monday. February 20, was | gazetted to-night. The statement is I balanced at £30,535,144. or £9*8.118 more than at the close of the previous , week. The sterline exchange reserve is j £358,532 higher in value than it was a week before. Deposits have increased by £1,223,298. while the note issue is £222,514 lower. The proportion of reserve to notes and other demand liabilities is 25,378, against 25.073 the week before. A further increase of £450.000 in the advances to the State, other than to the Marketing Department, makes the total £12,500.000. The marketing advances axe £164,185 higher at £6,716,535. The statement with variations compared with the week before is as follows : Liabilities

Variation General reserve 1.500.000 Same Rank notes . . . .. 14,888,398 -222,514 Demand liabilities— State 3,654,631 +1 49,914 Banks .. 10,103,137 f 1 .073.384 Other 80,210 -6,965 other cnrreneie . 3 4,65 2 Other liabilities . 274,1 1 6 -27,689 Total .. 30,535,144 1-988,1 16 Assets Reserve— Gold .. 2,801,791 Same Sterling Ex. 4,523,031 1358.532 Subsidiary coin 203,727 -826 Advances— Marketing: . .. 6,716,535 t! 64,1 85 Other .. 12,500.000 1450.000 Investment .. . 3,652,139 Same Other assets . 137,921 tl 6,225 Total 30,535,144 1988,116 ' Proportion of reserve to notes and other dernanc liabilities, 25.378 per cent (25.073 ast week).