THE MONEY MARKET.
RESERVE BANK RETURN.
TOTAL SLIGHTLY LOWER, STERLING EXCHANGE STEADY. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended May 27 was gazetted to-night. The statement is balanced at £27,875,020, a "decrease of £1698, The note issue is £6811 lower, but the decline is less than that of recent weeks. A rise of £552.819 in Government deposits is practically offset by a fall of £547,538 in bank holdings. On the assets side sterling exchange has recovered by £17 only, and other changes are comparatively unimportant. The statement with variations compared with the week before is as follows:— LIABILITIES. £ Variation. 1. Capital 500,000 Same 2. (leu. reserve ... 1.000,000 Same 3. Bank notes .... 9,302,093 0,8 11 * 4. Demand liabilities — (a) State 32,707.405 552,819f (b) Banks 4,205,030 547,538* (e) Other 12,087 84* 7. Other liabilities . 87,805 84* Total 27,575,020 1,098* ASSETS. 5. Keserve— (a) Gold 2,801,731 Same (b) Sterling ex. . 22,789,228 «7t 9. Subsidiary coin . 154,033 O,OV)* 12. Investment . .. 2,094,075 Same 14. Oti'cr assets . 35,353 5,224f Total 27,875,020 1.095* tHigher. * Lower. Proportion of reserve to notes and other demand liabilities, 97.35 per cent (97.34 last week).
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Auckland Star, Volume LXVI, Issue 127, 31 May 1935, Page 4
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189THE MONEY MARKET. Auckland Star, Volume LXVI, Issue 127, 31 May 1935, Page 4
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