RESERVE BANK RETURNS.

Auckland Star, Volume LXXI, Issue 93, 19 April 1940, Page 4

RESERVE BANK RETURNS.

STERLING EXCHANGE HIGHER. r M.VRKETIXG ADVANCES FALL. (By Telegraph.—Tress .Woi-intlon.) •■ WELLIXUTOX, Thursday. The statement of arsetw and liabilities J of the Reserve Bank of Xew Zealand ;it the close of business on Mondny, April 15 with variations compared with the week before, is as under: — LIABILITIES. Variation. General reserve .. I,o<Mi.ooo Same Bank notes 17.Ui>7,5J:: —107 454 Demand nubilities— State e.S77.o(in +543.259 Banks 14.553..">0ti +11 7;U '/ tl,or ' !'•"'• •"'•*'•! —110.443 Other currencies .. s.«;:t:> - 1(14 Otlmr liabilities . . !tL".t.:!2.'i 1.4',i4 Total .• 4-j.o::i.i;o!i +x.'ti,«Uß ASSKTS. llfscrri' — 'i"l'l J.sm.s:t!i siiini* S-tiTlliic Kx. ... lL'.ssj.c.-.ii : L's::.4i;c. ,„:„ .. r.w.37;. : --i:-::4.;,; MiirkotliiK 3.lst. |ii:| lli!i:j.-| nthlT I!«. 4 Ift.flflll -f IIHMHMI Invosliiioiil ;:.oi;ii.in| - ;i,.-i4ii Other assets it* - 11 !s:i:i Ti.tnl fj.o.-u.iiofi f:;■.'(•,.i:ik Projiortioii of reserve t n notes and other demand liabilities, 30.502 per cent [39.2 last week). Three Years Compared. The following table shows the position of the brtlik'n funds at this date for the past three years fin thousands of pounds): 103 S. man. 1040. Bunk notes 13.938 15,458 17.9(38 Deposits— Star<» 5,583 3,080 (1.877 Banks 11.087 !•.:{.!!» 14.554 Bxehange 17,070 4,u9» 1J.853 Advances.— Marketing .... 4,500 7 497 3 4SI Other — 11.075 1!>,41U Ratio (per cent) . L' 5.001 a'J.dOJ BANK OF ENGLAND. NOTE ISSUE FALLS. (RppplVHl noon.-) LOXDOX, April 18. The Bank of Bnjiland return for the week ended April 18 is given in the following table, together with the returns for last week and a year ago: — ISSIK I>K!\\I;TMKNT (In millions of piniinls.l .. , . , April April Y,» n r Notes iKMlnd— 17. l<> »..„ in tlrc-Hlaiion ... r.:!7.4 ,-..;:.. I i 5"..7 In blinking iippt. . i-.s -i.'.s .: (i .-, i fuller (iiivr. sr-i-iirit'es .jC.-i.n .-,<;.-,:! -'S7 !l (Ulii-r si-<Mirltii's ... ;; •> •{•. " ~': ; siiv, ' r '-"i" 0.5 «;h os Uoli). eiiin mid IniUioii — . . BANKIN<; I >VA'.\ ItTMKXT {«;- Xl 3J 31 i; ub ' il -- , 25.7 -J-.9 17.7 Bankers 11S.II 123.9 !»7.7 Other aeeounts ... Sft 7 -|-» »; 400 Govt. securities .. . ]-_>!1.4 1087 Discounts, advances l.'.i r, .-, c'o Other securities ... 23.0 iiU.5 375 Xotes and coin .... 4,1 7 4? S 21.5 Proportion , n 4 ;j u Rate of Discount. The Bank of England rate of discount is 2 per cent, to which it was lowered on October 26 from 3 per cent.