RECORD STERLING FUNDS

Auckland Star, Volume LXXVI, Issue 117, 19 May 1945, Page 3

RECORD STERLING FUNDS

RESERVE BANK'S £52,536,000

Sterling balances In London are iMlntaining upward trend, and have now reached the record level of £52,536.874, according to the .atest re™™ of the Reserve Bank as at the close o£ huMn'FR „ Monday, May 7. This represents an increase of £ 1.101,316 In a week. Variations in the figures compared with those In the statement for t»9 previous week, are as follows: — oIUMHtW* General reserve, £1.500,000 (same);.bank note*; £40,316,769 ( + £17,858) Demand l&biUtteß. State. £ 14,448,961' (—£639.764); banks. £39.626.836 (—£11,434); other. £1,457.859 (+£622,631). Other currencies, £207,044 (+ £171,962); other liabilities, £2,433,631 (—£1633). Total, £99,991,0»0 ( + £109,620). Assets Reserve: Gold, £2,801,877 (same): sterli* exchange, £52,536.874 ( + £1,101,316). SubsidUl* coin, £35,417 (+£3735). Advances: Marketing. £2,141,244 (—£862,857); other, £27.000,000 (same). Investments, £14,325,077 (same); other assets, £1,150,601 (—£132,574). Total. EM.M 1.090 (+£109,620). . . Proportions of reserve to notes and other oemarin liabilities, 57.518 per cent (56.513 per e«ot week). Three Tears Compared

The following table shows the position of th* bank's funds at this date for the past three years (In thousands of pounds):— 1941 1344 W45 Bank notes 31,720 37.C09 «D.317 Deposits— j. AAM State 15,590 ?S'fiT7 Banks 28,100 31.754 39.627 Exchange 2j.255 29.5.S 5~.aj7 Advance?— _ „„„ , iI4J » tln * ::::::: 3 l:?ff 3f.ili rfSS RiS) fp.C.) .... 34.401 39.068 07.518