STATE DEPOSITS UP

Auckland Star, Volume LXXII, Issue 138, 13 June 1941, Page 3

STATE DEPOSITS UP

RESERVE BANK RETURN STERLING DOWN £99,155 ir.A.t WELLINGTON". Thursday. A vise of £1,823,0)8 in Government deposits, shown in the Reserve Bank return for the week ended Monday, Jnno fl. make? the asgregate increase in th.»' level of this item £3.291,000 since May l'J• The statement with variations compared with the week before, i 4l as follows: —

LIABILITIES Variation. £ £ General reserve 1.500.000 Same Bank notes 21,760,707 - - 19.53G Demand liabilities — State 11.014.597 -i-1.823.018 Banks 12.092.459 - 1.830.442 Other 418.223 --42.771 Other currencies 37.057 4-13.244 Other liabilities 1.257.031 —213 Total 48.080.089 4 28.842 ASSETS. Reserve— ♦ Gold 2.801.874 Same Sterling exchange ... 21.411.438 --99.155 Subsidiary coin 75.466 -1-780 Advances — Marketing 4.810.718 -,- 132.724 Other 13.500.000 Same Investment 3,772.569 Same Other assets 1.708.024 -- 5,507 Total 48,080,089 4 28.842 Proportion of reserve to notes and o'her demand liabilities. 53.386 per cent (53.653 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):— 1 1939. 1940. 1941. Bank notes 15,497 13.331 21.761 Deposits— i State -3.793 7.792 11.015 : Banks 9.214 15.178 12.092 J Exchange 5,773 14,629 21,411 : Advances— * Marketing: 5.788 3.717 4.811 other 12.175 19.760 13.500 I Ratio (per cent) 29.591 41.963 53.386