RESERVE BANK RETURN.

Auckland Star, Volume LXXI, Issue 46, 23 February 1940, Page 4

RESERVE BANK RETURN.

ADVANCES UP BY £1,334,725. (By Telegraph.—Own Correspondent.) WELLINGTON, this day. The statement of assets and liabilities of the Reserve Bank for the week ended February 19. with variations compared with the week before, is as follows: — LIABILITIES. Variation

« t On. reserve .... 1.500.000 Snine Bank notes 18.090.137 — 101,294 Demand liabilities— State 5,737,123 +1.257,973 Banks 15,981,816 +375,248 Other 138,050 +60,501 Other currencies 14,821 +129 Other liabilities . 837,819 +27,581 Total 42,299,7«6 +1,620,138 ASSETS. Reserve— Gold 2.801.839 Same Sterling Ex. .. 0,012,7419 +278,291 Subsidiary coin . 166,209 +4,210 Advances— Marketing .... 4,152,314 +234,725 Other 22.110,000 +1,100,000 Investment ..... 3,362,623 Same Other assets .... 194,012 +2,912 Total 42,209,766 +1,620,138 Proportion of reserve to notes and other demand liabilities, 30.79 per cent (31.343 last week). Three Years Compared. The following table shows the position of the bank's funds at this date for the pact three years (in thousands of pounds):— 1938 1939 1040 H £ £ Bank notes . 13,790 14,888 18,090 Deposits—■ State 4,924 3,6®4 5,737 Banks 9.374 10,103 15,982 Exchange .. . 1«,673 4,523 9,513 Advances— Marketing . 6,259 6,716 4.152 Other 1,100 12,500 22.110 Ratio (p.c.) 68.40 23.378 30.79