RESERVE BANK RETURN.

Auckland Star, Volume LXXI, Issue 87, 12 April 1940, Page 4

RESERVE BANK RETURN.

STERLING EXCHANGE LOWER.

NOTE ISSUE ALSO FALLS.

(By Telegraph.—Press Association.) WELLIXGTOX, Thursday. The etatement of assets and liabilities of the Reserve Bank of New Zealand at the close of business on Monday, April 8, ■with variations compared with the week before, is as under:— LIABILITIES. Variation General reserve ... 1,r>00.000 Same Bank notes 18,074,076 —175118 Demand liabilities— *«>>,"« State 6.333,810 —63,899 B a " ks 14.541,772 —118 823 Other 314.!)9!) -MM J)O2 Other currencies .. 8.737 +IV»4 Other liabilities . . 930,817 +4)743 Total 41,703,111 —251,071 ASSETS. Reserve— liold 2. SOI. 83!) Same Sterling Kx 12.50U.1U3 —108.f>96 Subsidiary coin ... 160,904 +715 Advances — Marketing 3.."i25,398 —123.315 Other 19.310.d0d Same Investment 3.0»i3,fH4 —8 274 Other assets 241,073 —11,301 Total 41,703,111 —231,071 Proportion of reserve to notes and other demand liabilities, 39.2 per cent (39.224 last week). Three Years Compared. The following table shows the position of the bank's funds at this date for the past three years (.in thousands of pounds): 1938. 1939. 1940. Bank notes 13.073 13.438 18.075 Deposits— State 7.189 3.080 0.334 Banks 0.539 9.339 14.r>42 Exchange 19.272 4.599 12.399 Advance* — Marketing t>.047 7.497 3.528 Other Sim 11.97."i 19.310 Ratio (per cent). 72.54 20.501 39.2

BANK OF ENGLAND

BANKERS' DEPOSITS RISE

(Received 11 a.m.) LONDON". April 11. The Bank of England return for the week ended April 10 is ftiven in the following table, together with the returns for last week and' a year ago: — ISSUE DEPARTMENT. (In millions of pounds.) April April Year Notee issued— 10. .'{. ngn. In circulation . 5-'!9.4 54-2.4 45!).7 ln banking clept. 40.8 37.8 80.5 OthPr Government securities 5R5..". 565.3 287.9 Other securities . 8.2 3.2 0.3 Silver coin t>.s 0.5 O.R Gold, coin and bullion — — 220.2 BANKING DEPARTMENT. Rest 3.1 3.7 3.1 Deposits— Public 22.9 -J'J.4 17.7 Bankers , 123.9 12<1.8 97.7 Other accounts .. 42.1 i 41.4 4<i.ii Uovr. securities . 137.2 137.U 105.7 D i s e i> it nt s, advances 5.5 3.2 0.2 Other siTuritios . 22.5 23.2 37.5 XotPH ittid i-niii . 41.8 35.,s 21.5 Proportion 22.07 2.1.02 24.01 Rate of Discount. The Bank of Enxjand rate of discount is 2 per cent, to which it was lowered on October 26 from 3 per cent.