THE RESERVE BANK

Waikato Times, Volume 128, Issue 21370, 14 March 1941, Page 7

THE RESERVE BANK

BANK DEPOSITS VARY EFFECT OF TAX PAYMENTS (By Telegraim.—press Association) WELLINGTON, Thursday An increase of £4,605,2 36 in Government deposits, and a corresponding- fall of £4,322,3 14 in the •Holdings or the trading hanks are features of the Reserve Bank return lor the week ended Monday, March 10. Both can he taken as the effects of heavy income tax payments last week. The statement witn variations compared with the week before is as follows—

Liabilities Variation General reserve . . 1,500,000 Same Bank notes 2 1,201,496 -62,787 Demand liabilities— State 1 5,944,152 $4,695,236 Banks l 0,473,919 -4,822,315 Other 591,351 $ 1 97,647 Other currencies 30,266 117,81 1 Other liabilities . . 1,068,633 -1,745 Total .... 5 0,809,817 $23,847 Assets Reserve— Gold 2,801,873 Same Sterling- Ex. .. 18,585/158 $1,824,458 Subsidiary coin . 62,789 $1,291. Advances— Marketing- .... 2,788,484 $4,857 Other State . . 2 0,565,000 -2,475,000 Other 30 0,000 $300,0 00 Investment 3,779,264 $ 1 ,2 89 Other assets .... 1,927,0 49 $360,952 Total .... 50,809,817 $23,847 Proportion or reserve to notes and other demand liabilities, 44.290 per cent (40.5 58 last week). The principal Item s in t'nis week’s return are compared with those or the rorrespending- date last ; vear In the rollowingtable— (000’S omitted) 19 il 1910 Variation £ £ Notes .. 2 1,201 17,096 $3,205 Deposits—■ State .. 15, Oil 10,251 $5,693 Ranks .. 10,474 1 1,04 2 Exchange . 18,5 8 5 11,8 1 4 $6,74 1 Advances— Marketing- 2.7 8 8 3,357 Other . . 20.5A5 2 0,2 60 Ratio (p.C.l 44.299 37.1 1 1 $7,188 Jlncrease. -Derreas ; e.