RESERVE BANK RETURN
FOREIGN EXCHANGE IMPROVES (New Zealand Press Association) WELLINGTON, October 7. The Reserve Bank’s holidings of sterling exchange recovered during the week ended October 1, rising by £1,580,000 to £ 19,422,000. Other exchange, however, fell by £454,000. State deposits with the bank rose by £4,428,000 to reach £10,859,000, and trading banks’ deposits fell by £1,527,000 to £54,502,000. Investments rose by another £4,000,000 to £44,182,000. Gold reserves were again stationary. Comparative weekly returns are:— Liabilities
Oct. 1. (£000) Sept. 24. (£000) General reserve 1,500 1,500 Bank notes .. 59.566 59,331 Demand liabilities— State . 4 10,659 6,231 Banks 54,502 56,029 Other 436 445 Other currencies .. 73 113 Other liabilities 5,699 5,694 Total .. — ■ii, 132,435 129,344 Assets Reserve— Gold 6,008 6,008 Sterling exchange .. 19,422 17,842 Other exchange 1,867 2,321 Subsidiary coin 633 636 Advances to StateMarketing .. 839 764 Other purposes 52,936 54,691 Other advances 6,019 6,019 Investments .. 44,182 40,182 Other assets .. •« 529 882 Total .. .. —■ , — i i 132,435 129,344
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Press, Volume LXXXVIII, Issue 26857, 9 October 1952, Page 13
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155RESERVE BANK RETURN Press, Volume LXXXVIII, Issue 26857, 9 October 1952, Page 13
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