MONEY MARKET.
RESERVE BANK RETURN. STERLING £194,000 LOWER. BANKS' DEPOSITS FALL. (By Telegraph.—Own Correspondent.) AVELLJXGTOX, Thursday. The Reserve Bank return l.vr the week ended Monday. May 29, \v;w gazetted to ' The s-tateinent is lialanced at ! JC 3J ,017,9-38. a decrease of £101.523. The sterling exdmnjjc reuc-rvo lia« decreased by £104,338 to £4,rM,2W. ! Demand liabilities have decreased slightly in the ajJKrci'iito. Increases of £'2S."Ui!)2 in Government ileposits and £S( )4.1 fiti in other demand 'liabilities are inoiv than counterbalanced by a decline of £100,010 in the value of the note i«sm\ and of £1.1519.30.") in the deposits of llu- inulinjil banks. The ratio is 'Jo.Kiti per cent, cum- I pared with 2.">.6U per cent in the previous . week's return. i| .Advances to the Primary Produce Mar- i Li.«t ilijz JlepartniPlit li.uc fallen Iμ I'IW.'.KST to i'7.4o'J.:!4!i. while otlu-r advaucef .ire £ 1.'i0.000 lower at £12.oU.'i.oO<i. The si.iU'inrnt with varialions comparod with the week before is ;i« follows:-- I UAUJMTIKS, ! Viiriali'.n. I (ii'iiernl ri'scrv.. .. 1 51111 dimi Same Bunk ii.iii.s 1T,..-.71'..i.-,i> inii.iilii I I>i-iiiiiiiil linl.iliii..s. - State i!..1!14.."ij:: -'J^ri.''.!^ Hanks :i. IJX.TT'.i 1.Ji'.i'.i.. , !'.!.-. I iii'i.-r i,r»:-{s.iiMi Lsiij.i'ii; .iiilkt currencie-.s .. 4'J.s:i7 ■ 1". 1 ; otli.-r lial>iliti,-.s .. .'Ml.niiil '_' l.'i.L'S'.l j Total .'ii.HlT.'.•."is - HU.7>-:: '■ ASSKTS. K,-s,rv,. - e L 1 t.old •_• sm.SCi'i Sam.. sirrliiiL- Kx l.r.'i i.:.'.i.; - l!i l.:;:is Suhs'iliary coin .. liU'J.x.'ia •-('.;: AIIV.IM.'CS ! Mark.-tin; 7.4!i2.:j I'.l P,'J.os7 I litlicr 11:. <1 lt ri. I>'■ 1 > 1 .-.(i.iinii I (iili.-r as-, is '1 in':. i:j s |.i:{.-| Total !J1.ti17.!1.-|S |iil..*ii:U l'i i.poiti'.n of i(>srrvc to m.tps iin.l other dciiiiiu.! iMbilitir.s, •_>.■">.l.3(j por cent i,J.">.(ill last week I. Three Years Compared. The following table -hou.-,- the position of the bank's funds at tiii<-i date for the lia.--t three years lin thousands of pounds; : — LiAßii.rriKs. * 1!»3". 1H39. lfi.''!l. tintif-ral reserve l.Tjiil) 1.500 1 ."no Blink nnros .. . 15.D73 1."1.517 lo 7,12 Dciiianil llHoilitU's— Stuff 7MAi .(.liiii; 1i,501 Bank 10,134 7..'MM !>.4l'f) t>l her 071 1.53S Other eiirrcnrii-s ■ 4^ Other liabilitit-s 12:; I'.H r,4i Total .... U.'S.oKT i; 7,5.57 31,018 ASSKTS. Rwikvc— t <j c tii.lil 'J.Mi-J L'.sni! 'J. sol; Sterling .... '22.'.\2~ ls.L'7'.i J -,ti4 Subsidiary coin •>->7 "-'. i AdvaiK-.-s 1,, state- - Miirk.-tin- Dfi>art iiu-iii . t.ii".'! :;.77i; 7. i:»ii Other p'rixisfs L'no U.iC'i Investments . . 2.' m>.; ..735 3.7~0 Other assets . . ii 7 lis Itl Total .... 33,087 1'7,587 31,018 I'ro|.i»rtioii rcw»rvi' to not.-s and other .lemand liability 7!>.57 So.SO 1'5.13e Principal Changes. . Cni)).!i,ue<l with a year agi>. note is.»ue is '. higher by over £1.600.000. State depoeiU . are down over £2.000,000, while tlmse . I from the banks arc tli.it much higher. On . the assets side sterling exchange is more f than £13.700,000 l e »s than a year inrn. Advances to the Marketing Department have liiLieacied in recent months, and are now more than £3.700,000 above the tigures of a year ago. The item, advances for other pui poses. £12.025,000, had been reduced to nil at this time last year. Xo detailed information is available in regard to this item, the expansion of which has been a primary factor in bringing the proportion of reserve to notes and other liabilities to 25.136 per cent, a drop of over 45 per cent in the year.
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Auckland Star, Volume LXX, Issue 128, 2 June 1939, Page 4
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517MONEY MARKET. Auckland Star, Volume LXX, Issue 128, 2 June 1939, Page 4
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