MONEY MARKET.

Auckland Star, Volume LXVII, Issue 156, 3 July 1936, Page 4

MONEY MARKET.

RESERVE BANK RETURN. FALL IN STATE DEPOSITS. EXCHANGE £1,267,000 LOWER. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, June 29. was gazetted tonight. The statement is balanced at £27,425.906, or £1,241.338 less than at the close of the previous week. Government deposits, which had been moving upward for a month previously, decreased during-the week by £944,002. The deposits of the trading banks continue to fall, there having been a further decrease of £374,403. The note issue has risen by £19,330. The holding of sterling exchange is £1,267,200 lower than it was a week previously. Investments have increased by £22,170. Other changes in the assets are nominal. The statement, with variations compared with the week before, is as follows:— LIABILITIES. Variation. 1. Gen. reserve . 1,.">00,000 Same 2. Bank notes . . 10,040,703 +19,380 3. Demand liabilities— (a) State ... 8.539.032 —944,002 (b) Banks ... 0,097,404 —374.403 (el Other .. . 258,410 +57,209 0. Other liabilities 89,090 + 4l>& Total 27,423,900 —1,241,338 ASSETS. 7. Reserve— (a) Gold .... 2,801,733 Same (b) Sterling ex. 22,122,319 —1,207,20(1 8. Subsidiary coin 192,138 —1,100 11. Investment ... 2,030.799 +22,710 13. Other assets . 272,897 +7,312 Total 27,425,900 —1,241,338 Proportion of reserve to notes and other, demand liabilities, 90.469 per cent (90.725 last week).