THE RESERVE BANK

Waikato Times, Volume 127, Issue 21211, 6 September 1940, Page 10

THE RESERVE BANK

BANK DEPOSITS LOWER DROP IN DAIRY ADVANCES (By Telerraph.— Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, September 2, was gazetted to-night. The statement is balanced at £43,739,124 or £1,108,939 less than at the close of the previous week. Sterling exchange at £11,183,295 is £1,033,313 lower in value than on the preceding Monday. Of the demand liabilities, deposits of the trading banks are £1,096,249 lower, and notes have fallen by £61,056 from the record level of the previous week. The ratio is 33.713 per cent, compared with 33.391 per cent the week before. Advances to the Primary Products Marketing Department are £199,908 lower, while those for other purposes have increased by £IOO,OOO. The statement with variations compared with the week before is as follows: Liabilities

Total .... 43,739,12 i -1.108,939 Proportion of reserve to notes and other demand liabilities, 33.713 per cent (33.391 last week).

Variation £ £ General reserve .. 1.500,000 Same bank note? .... 20,005,062 -61,056 Demand liabilities— state 4.707.107 1177.65? Banks 16,427,550 1,096.249 Other 216.930 +30.:;'.*i Other currencies . 12,304 -1,6 ij Other liabilities . 780.06! -158,063 Total 43.739,124 -1,108,939 Assets Reserve — Gold ....... 2.801.852 Same Sterling Ex ... 11,163,295 -1,033.313 Subsidiary coin .. 1 16,520 -7,086 Advances— Marketing .. 3.266,28? -t 99.903 Other 23.5 $0,000 1100.000 Investment 2,537.458 -6.346 Otner assets i'93.7t7 t37.77i