DEPOSITS HIGHER

Auckland Star, Volume LXXII, Issue 109, 10 May 1941, Page 5

DEPOSITS HIGHER

j RESERVE BANK OF N.Z. I RISE IN MARKETING ADVANCES ' (P.A.) WELLINGTON, Friday. An increase of £392,083 in the level of trading bank deposits, shown in the Reserve Bank return for the week ended Monday, May 5, is in continuation of rising j movements recorded in the two preceding ' statement* The statement, with variation?? compared with the week.before, is as follows: — LIABILITIES Variation. _ _ General reserve 1,500,000 Same Banknotes 21.809.606 —44.322 Demand liabilitiesState 8.990.158 —25.664 Banks 13.903.499 4-592.083 Other 534.905 —14,002 Other currencies 24.789 4-9,759 Other liabilities 1,203.090 4-994 Total 47.966,048 4-518,858 ASSETS ReserveGold 2.801.874 4-1 Sterling exchange ... 20.593.144 4-77,369 Subsidiary coin 77,735 —28,493 Advances — Marketing 3.644.333 4- 474.784 Other 15.500.000 Same Investment 3.772.5G3 Same Other assets 1.576.342 —4.803 Total 47,966,048 4-518,858 Proportion of reserve to notes and other demand liabilities, 51.66 per cent (51.811 last week). THREE TEARS COMPARED The following table shows the position of the bank's funds at this date for the past three years (in thousands of pounds):— 1939. 1940. 1941. Bank notes 15.698 17.926 21,810 Deposits— State 2.795 5,931 5.990 Banks 10.394 15.694 13.903 Exchange 4,708 13,658 20.593 Advances— Marketing 7.325 3.512 3 644 Other 12.175 19.360 15.500 Ratio iper cent) 25.722 41.510 51 66