RESERVE BANK RETURN
Further Small Rise In Sterling Sterling and other exchange held by the Reserve Bank rose £.9m in the week ended June 12. Non-marketing borrowing by the State rose £l.6m while State deposits rose £.6m. Net borrowing by the State will be reduced in later returns as subscriptions to the Progress Loan are banked. Comparative weekly returns are as follows: Liabilities June 5. June 12. £OOO £OOO General reserve .. 1.500 1,500 Bank notes ... 72,50 S 72,982 Demand Liabilities— State .. .. 10,554 9,968 Banks .. .. 66,389 67,020 Other .. .. 2,392 3,627 Other currencies .. 37 32 Other liabilities .. 10,298 10,331 Total .. 164,078 165,460 Assets Reserve— Gold .. .. 6,162 6,162 Sterling exchange 47,671 48,201 Other exchange .. 447 835 Subsidiary coin .. 612 612 Advances to State Market Ace. .. 299 299 Other purposes .. 28,850 30,433 Advances to market organisations .. 32,269 31,124 Other advances .. 3,764 3,764 Investments .. 43,123 *43,123 Other assets .. 880 908 Total .. 164,078 165,460 •Includes £32,736,000 invested in 1 sterling securities
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Press, Volume XCV, Issue 28314, 27 June 1957, Page 17
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155RESERVE BANK RETURN Press, Volume XCV, Issue 28314, 27 June 1957, Page 17
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