BANK OF ENGLAND RETURNS.
LOWER CIRCULATION. LONDON, December 31. The Bank of England returns for the week ended December 30, compared with those of last week and a year ago, are as. follow (in million pounds sterling):— ISSUE DEPARTMENT. Tear Dec.3o. Dec. 23. ago. Notes Issued— In circulation 467.4 474.1 411.8 In banking dept. . 46.3 39.6 48.3 Other Govt, securities 188.8 188.8 246.4 Other securities 2 .2 1.4 Silver coin — — 1.3 Gold coin and bullion 313.7 313.7 200.1 BANKING DEPARTMENT. Rest - 3.5 3.5 8.5 Deposits— Public iv. 12.1 21.8 10.0 Bankers' and other accounts 189.8 110.0 ■ 107.8 Govt, securities 134.5 53.1 110.4 Discounts and other securities 38.6 27.4 60.3 Note 3 and coin ..... 40.8 40.2 48.9 Proportion reserves to liabilities ... 23.18 30.26 27.4S The passing of the Christmas rush of business is ; reflected in the lower note circulation and increased deposits. Circulation is still close to last week's record level, but deposits are £69,100,000 higher. The rate of discount is 2 per cent, to which it was reduced on June 30, 1932, from 2 5 /6 per cent.,
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Auckland Star, Volume LXVIII, Issue 1, 2 January 1937, Page 4
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178BANK OF ENGLAND RETURNS. Auckland Star, Volume LXVIII, Issue 1, 2 January 1937, Page 4
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