BANK OF ENGLAND.

Auckland Star, Volume LXII, Issue 2, 3 January 1931, Page 4

BANK OF ENGLAND.

FINAL WEEK'S RETURNS,

PROPORTION OF RESERVE LESS

(Received 12 noon.) LONDON, January 1. The latest Bank of England returns for the week that ended on December 31; are as follows: — ISSUE DEPARTMENT. Notes issued: — £ In circulation 368,801,565 In banking department ... 38,824,056 Total 407,625,621 Government debt Other Government securities 233,138,442 Other securities Silver coin 4,369,416 Total (fiduciary issue).. 260,000,000 Gold coin and bullion 147,625,621 Grand total 407,625,621 BANKING DEPARTMENT. Proprietors ....4......a. Rest 3,400,255 Do public~ 6,580,599 Bankers 132 ' 44 M22 Other accounts .......... 36,159,-28 7-day and other bills ....... 1,264 Total 193,143,676 Securities — Government 81,021,-47 Other 23,690,166 Discounts and advances .... 48,062,458 Notes Gold and silver coin ........ 645,749 Total - v . 193,143,676 Proportion of reserve to liability 22.50" Appended are the main figures of the return for the week ended December 24, for purposes of comparison:— Dec. 31. Dec. 24. Deposits— £> Public 6,580,599 10,284,679 Bankers .... 132,449,330 .56,217,226 Other ac't's.. 36,159,228 33,688,383 Totals .... 175,189,157 100,190,298 Dec. 31. Dec. 24. Securities — £ £ - Government . 81,021,247 51,736,247 Other 23,691,066 23,014,308 Discount and advances .... 48,962,458 14,199,048 Notes 368,801,565 379,676,869 Gold and silver 645,749 148,821,432 Bills and Short Loans. Short loans are quoted at Vh per cent, as compared with 1% per cent on December 24. Discount rate for three-months' bills is 2 9-32 per 'cent, as against 2 10-32 per cent on December 24.