THE RESERVE BANK

Waikato Times, Volume 127, Issue 21207, 2 September 1940, Page 4

THE RESERVE BANK

RISE IN DAIRY ADVANCES STERLING £24,250 HIGHER (By Teleyrspn.—Press Association) WELLINGTON, Friday The Reserve Bank return for the week ended Monday, August 26, was issued to-day. The statement is balanced at £44,848,063, which is £337,222 more than the figure on the preceding Monday. The reserve of sterling exchange at £12,216,668, is £24,256 greater than the previous week’s total. Trading banks’ deposits are £598,001 higher, while the Government’s holding has fallen by £259,170. The note issue has risen by £65,528. The ratio is 33.391 per cent., compared with 35.557 per cent, a week earlier. Advances to the Primary Products Marketing Department have risen £130,187, while those for other purposes, at £23,440,000, are £200,000 higher. The statement with variations compared with the week before is

as follows:— LIABILITIES Variation £ £ Gen. reserve <• 1,600,000 Same Bank not 20,006,11 S 16 5,5 28 4,61 0,54 5 —25*9,170 17,523,709 1598,00 1 Other 186,5 39 -137,01 1 other mrrpnrip? . 13,018 Other liabilities . 938,144 t70,5'8S Tot»l A£SETS Reserve— Gold 2,801 ,&50 + 1 Steeling Ex. 12,216,668 124,256 subsidiary coin 123,600 -2,145 Advances— Marketing 3,466,190 +130,187 Other 23,440,000 f200,000 Investment 2.513.804 Same Other assets 255,943 -15,077 Total 44,848,063 1337,33 2 Proportion of reserve to notes and other demand liabilities, 33.391 per cent. (35.557 last week).