THE MONEY MARKET.

Auckland Star, Volume LXXI, Issue 16, 19 January 1940, Page 4

THE MONEY MARKET.

RESERVE BANK. i STERLING FUXDS STEADY. (By Ttlcftraph.—rrese Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ! ended Monday, January 15, with variations compared with the week before, is aa follows:— LIABILITIES. Variation. r, £ C Ornpral reserve .... 1.n00.000 Same Bnnk notes 18,722,209 —181,275 Demand liabilities— Ntn'o 3.0*14,021 +126.883 "■n*S 12,091.241 +38.107 OMwr 180,608 +61,301, Oth»>r currencies . .. 7,903 2 703 Other liabilities . . . 754,479 +2.300 Total 37.221,501 +3&.810 ASSETS. : Reserve— gold .... 2.801.830 Same „ g»f' In* K* 6,863,421 +2.736 SuMdlarjr cola ... 181,809 +3,102 Advances-*- ; Marketing 3.588.834 +190,585 . Other 20.010,000 —115.000 Investment 8,042,181 —53,512 Other assets 158,457 +11,858 i Total 37,221.881 +39,819 Proportion of reserve to notes and other i demand liabilities, 27.63 per cent (27 646 ; last week). ' Three Years Compared. '< The following table shows the position of the bank's funds at this date for the paet three years (in thousand* of pounds). 1938. l!>30. 1040. £ £ £ flunk notes ... 14,532 15,830 18,722 Deposits— State 3,040 2,802 3,0fi.- ( Biuika 0,627 8.013 12,991 Bxchange« .... 18,883 4,873 0,805 AdvnncK— • Marketing ... 6,221 6,028 3,587 ' Other 000 10,970 20,0.10 > Ratio (p.c.) ... 60.00 26.782 27.63