STERLING HIGHER

Auckland Star, Volume LXXII, Issue 192, 15 August 1941, Page 3

STERLING HIGHER

RESERVE BANK RETURN STATE DEPOSITS RECOVER (P.A.) WELLINGTON, Thursday. Following a fall of £462,000 last week a recovery of £372.886 in Government deposits is shown by the Reserve Bank return for the week ended Monday, Aujrust j 11. The reduction of £881.263 in trading I bank deposits continues the fall of over j £000,000 shown last week. The statement, with variations compared j with the week before, is as follows:— j LIABILITIES Variation. £ £ General reserve 1.500.000 Same Bank notes 21.959.951 +74.123 Demand liabilities— State 9.121,598 —372.886 Banks 12.160.715 --881,263 Other 1.495.664 4-586.829 Other currencies 8.155 —1.170 Other liabilities 972,403 -4-2.261 ' Total 41.818.488 4-156.008 ASSETS Reserve— Gold 2.801.874 Same Sterling exchange .. 15.304,128 4-394.856 Subsidiary.coin 52.840 —1.083 Advances— Marketing 5.769.873 4-157.543 other 18.500.000 — 500,000 Investment 3.772,557 Same Other assets 1,611,576 -I-104.695 Total 47.818,488 4-156.006 „ Q?E? Ttla S. of reserve to notes and other demand liabilities, 39.918 per cent (39.181 last week). THREE YEARS COMPARED . The following table shows the position of the Dank s funds at this date for the past three years (in thousands of pounds):— _ 1939. 1940. 1941. Bank notes 15.531 1».779 21,960 Deposits— state 2.266 5,091 9 122 Banks 11,192 16,418 12.761 Exchange .... 5.431 12.232 15.304 Advances— Marketing ... 5,721 3.541 5.770 _ Other 13.250 22.420 18.500 Ratio (per cent) 28.026 36.154 39 918