RESERVE BANK OF N.Z.

Auckland Star, Volume LXXIII, Issue 234, 3 October 1942, Page 3

RESERVE BANK OF N.Z.

EXCHANGE FUNDS HIGH LEVEL, (P A.) WELLINGTON, Friday. T h ,? Reserve Bank return for the week ended Monday. September 28. with variations m the figures compared with those in the previous week's statement (in parentheses) is as follows:— p Liabilities General reserve, £1.500,000 (variation same): ? i?rn., note i £S6 -807-04« ( — £49.927). Demand •labilities: State, £9.353,908 ( + £807.532) banks ( • £307 fi?SV 2 081,191 ■' other - £1.081.669 (_r£307.658) other currencies. £40.782 (—£8615)- £ t r32B, 1 6 i 6 a 9 bl^ e il.0 2 i. 1 31 l) 9 : 061 <- £815): Assets (same); Sterling Ex.. f+pVno? (—£89,578): suosidiary coin. £25.521 / „r »J: Advances—Marketing. £3 511 312 (-£1,300.173): other. £22.300.000 (same)* 'investT+'i-, (sa ?f f ): , othcr assets, £1.933,288 C "r>r«rSiSSt?* J° tal * £61-328.669 (—£1.025.358). ?A°ioi reserve t0 notes and other demand liabilities, 50.191 per cent (49.471 last week). Three Tears Compared The following table shows the position of the Bans s funds at this date for the past three years (in thousands of pounds):— 1940 1941 1942 ! £ £ £ I Bank notes 20,109 22.231 26 807 I Deposits— 1 State 5,574 7.194 9.354 Banks 15.450 9.254 21.276 Exchange 9,988 14,748 26 610 > Advances— Marketing 2,975 6.539 3 511 other 25.040 12,500 22.300 Ratio (p.c.) 30.84 44.347 50.191