RESERVE BANK RETURN

Auckland Star, Volume LXXI, Issue 164, 12 July 1940, Page 4

RESERVE BANK RETURN

STERLING AGAIN LOWER. DECREASE IN BANKS' DEPOSITS. "OTHKR" ADVANCES UP £100,000. (By Telegraph.—Press Association.) WELLINGTON, this day. The statement of assets and liabilities of the Reserve Bank of New Zealand at the close of business on Monday, July 8, compared with last week, is as under: — 1,1 ABILITIES. Variation £ £ Geu. reserve .... 1.500,000 Same Bank notes 10,008.867 +213,543 Demand liabilities— State 5.030,r>6r> +230.030 Banks 16.3«1,302 —952,586 Other 710.535 +205,022 Other currencies . 11.180 —4.307 Other liabilities .. 707.022 +1,804 Total 43,935,507 —239,354 ASSETS. Reserve— Oold 2,801,830 Same Sterling Ex. ... 13,253.742 —106,902 Subsidiary coin . . 160,470 —1.201 Advances— Marketing .... 3,057.470 —149,384 Other 21,310.000 +100,000 Investment 2,542,521 Same Other assets .... 200,525 —21,807 • Total 43,935,507 —239,354 Proportion of reserve to notes and other demand liabilities 38.46 per cent (38.63 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 .... 13.595 15,470 19,009 Deposits— State 3.090 1.538 5,031 Banks 7,508 9.007 10,361 Exchange 15,892 5,560 13,254 Advances— Marketing ... 3,084 5,070 3.G57 Other 000 10,555 21,310 Ratio (p.c.) 76.57 30.805 38.40