RESERVE BANK.
STERLING EXCHANGE HIGHER. NOTE ISSUE INCREASES. The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business od Monday. August 2, is as follows: — LIABILITIES.
Proportion of reserve (No. 7 less No,. 5) to notes and other demand liabilities, 79.676 per cent., as compared with 79.576 per cent, on July 26. The note issue has increased by £39,744 and now amounts to £12,630.571. Demand liabilities to the State total £6,725,665, an increase of £307,269. The trading banks’ reserve balances are up by £32,037, and total £9.793,843. Other demand liabilities at £568,335 show a decrease of £394,123. Other liabilities total £94,626, a decrease of £10,898. ' A further increase of £17,752 in sterling exchange brings the total up to £20,876, 822. The gold holding is still unchanged at £2,801,791/ Subsidiary coin at £110,162 shows a decrease of £1964. Advances to the State dairy industry account have decreased by £64,033 and now amount to £4,213.700. Advances to the State for other purposes remain unchanged at £300,000. . . There is no change m investments at £2,906,450. Other assets total £104,115, an increaso of £22.273 The statement balances at £31,313,041, a decrease of £25,971. -
1. General reserve fund ... £ a 1,500.000 0 d 0 2. Bank motes 12,630,571 10 0 3. (a) Stato 6,725,664 16 7 (b) Banks 9,793,842 16 4 (c) Other 568,335 8 2 4. Time deposits — 6. Liabilities in currencies other than N.Z. currency 6. Other liabilities 94,626 4 7 £31,313,040 15 8 7. ASSETS. £ s d (a) Gold 2.801,791 0 0 (b) Sterling exchange . 20,876,822 8 6 8. (c) Gold exchange Subsidiary coin 110,161 14 3 9. 10. Discounts — (a) Commercial a n d agricultural bills .. (b) Treasury and local body bills Advances— (a) To the State or State undertakings: (1) Dairy industry account 4,213,700 3 3 (2) For other purposes 300,000 0 0 11. (b) To other public authorities (c) Other Investments 2,906.450 0 0 12. Bank buildings 104,115 9 13. Other assets 8 £31,313,040 15 8
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Manawatu Standard, Volume LVII, Issue 211, 6 August 1937, Page 12
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336RESERVE BANK. Manawatu Standard, Volume LVII, Issue 211, 6 August 1937, Page 12
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