THE RESERVE BANK
EXCHANGE RESERVE FALLS BANK DEPOSITS LOWER (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, October 7, gazetted to-night, has a balancing total £622,094 lower than that shown at the close of the previous week. A fall of £591,707 in the value of the sterling exchange reserve is the chief feature of the assets side, while, of the liabilities, deposits of the trading banks are £620,696 lower. The statement, with variations compared with the week before, is as follows: Liabilities Variation
£ £ General reserve .. i.r.00,000 Same f4,376 Demand liabilities Other currencies 18,496 -4,001 Other liabilities 228,176 til ,678 Total .. 43,1 14,831 -622,004 Assets Reserve— Sterling- Exchange 0,306,187 -591,707 subsidiary coin Advances— 115,975 -973 Marketing . . . . . 2.803,333 -171.688 other .. 25,0 10.000 Other assets .. . 404,264 114 2,274 Total .. 43.1 1 4.831 -622,094 Proportion of reserve to notes and other demand liabilities, 29.875 per cent (30.84 last week).
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Waikato Times, Volume 127, Issue 29241, 11 October 1940, Page 10
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151THE RESERVE BANK Waikato Times, Volume 127, Issue 29241, 11 October 1940, Page 10
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