Commercial News.

Auckland Star, Volume LXXII, Issue 91, 18 April 1941, Page 4

Commercial News.

RESERVE BANK.

STATE DEPOSITS LOWER. STERLING FALLS SLIGHTLY. (T.A.I \VI:LLL\GTON', this day. A fall in (Jovernment deposits by .£•201.488 is shown in the Reserve Bank ii'tiuu f,»r the week ended April 14. Deposits of the trading banks have been reduced In £'437.800. Sterling exchange rs-lurtvs a decrease of I'l4.!>".'+. compared with an increase of .f-'.OKI.HO last week. The statement, with variations compared with the week lirfore, is as follows: — LIABILITIES. Variation. £ £ General reserve 1,500.000 Same BaiiK notes 21,901.755 4 180.636 Demand liabilitiesState 8.206.835 —291.488 Banks . .' 12.2.52.387 —437,806 Clher 863.059 4 262,581 O'iirr ciniei.cies 20,077 4-12.500 Other liabilities 1.467,527 +385.154 Total 46.211,642 4-11,579 ASSETS. Reserve— Oold 2.801.873 Same Sterling ex 19,535,795 —14.924 Subsidiary coin . 85,694 —2,425 Advance!.— Marketing 3.019.894 4-40,459 Other 15 500 000 Same Inveainients 3.772.569 same Other assets 1.495,816 —11,532 Tctal 46,211,642 4-11,579 Proportion of reserve to notes and other demand liabilities. 51.d32 per cent (51.356 last. week). Three Years Compared. The following table shows the position of the bank s funds at this date lor the past three years (in thousands of pounds): — „ , 1930. 1940. 1941. Bank notes 15,458 17,968 21,902 Deposits— sta «e" 3,630 6.877 8 207 Banks 9.339 14.554 12,252 Exchange 4.599 12,883 19,536 Advances — Marketing 7.497 3,481 3,020 O, V cr ■■: n 'S"5 19.410 15,550 Ratio (p.c.) 25.501 39.592 51632