RESERVE BANK RETURN

Press, Volume XCII, Issue 27734, 11 August 1955, Page 17

RESERVE BANK RETURN

TRADING BANKS’ DEPOSITS EXPAND The latest return of the Reserve Bank for the week ended August 3 s lows that the trading banks’ statutory deoosits vdth tn > bank exuanued by norc than • £2.630.050 to £34,3!3,’'0e —close to the hew 'minimum figure of £54,890.000 mentioned when the Reserve Bank recently announced that balances would be required to be not less than 211 per cent, of demand liabilities plus 7 per cent, of titre liabilities. Sterling funds also continued their upward movement to reach £57,579.000 —an increase of £1.119,000 in the week. The following are comparatively weekly

figures:— Liabilities General reserve Bank notes Demand LiabilitiesState .. Banks Others Other currencies Other liabilities July 27 Aug. 3 (£000) (£Cno) 1.500 1.500 68,319 68,131 10.«29 11,123 51.858 54,513 885 1,565 27 26 6,648 6,652 Totals .. i«wv Assets ReserveGold .. •• 6.161 6,161 Sterling . ■ 56,430 57,579 Other exchange .. 445 Subsidiary exchange .. 569 Advances to State— Market account .. 467 5JJ Other .. 11.020 11.977 Other advances .. .. 30342 £2.453 Investments .. • • 33,257 Other assets .. • • 044 63 7 Totals • • • • 139,635 143,530