RESERVE BANK RETURN

Press, Volume XCIII, Issue 27924, 22 March 1956, Page 17

RESERVE BANK RETURN

The Reserve Bank’s holdings of ■ Treasury bills fell £8.000,000 in the week ended March 14. Investments in New Zealand declined by this amount, overseas investments remaining at £27.9 million. The last substantial change in the bank’s investments in New Zealand, was in the wee’: ended December 21, when they showed an increase of £8 million. The bank’s demand liabilities continued to show the seasonal movements occasioned by the payment of income tex. Last year deposits by the State in accounts other than marketing rose £33 million between February 9 and March 23. This year they have risen £26 million since January 25. Trading banks’ deposits, which fell £3B million in the same period last year, have so far fallen £32 million. Comparative weekly returns are as follows:

1 xoiai •• •• *•»»». r e •Includes £27,891,000 invested in sterling securities.

Liabilities Mar. 7. Mar. 14. (£000) (£000) General reserve 1.500 1.500 Bank notes .. .. 68.479 68,844 Demand Liabilities— State .. .. 23.299 38.339 Banks .. .. 59.359 35,374 Other .. .. 1.330 829 Other currencies •• 117 121 Other liabilities .. 8.767 8.730 Total .. .. 162.851 153.787 Assets Reserve— * Gold .. 8.162 6.162 Sterling exchange .. 26,731 27.431 Other exchange .. 489 476 I Subsidiary coin .. 596 594 t Advances to StateMarket account .. 448 418 Other purposes .. 50.411 50.372 Advances to marketing organisations .. 23.244 21.653 Other advances .. 5.019 5.469 Investments .. •• 46.279 38.279 Other assets •• 3.472 2.935 ■ —— t Total .. .. 162.851 153,787