RESERVE BANK RETURN

Press, Volume XCVIII, Issue 28801, 23 January 1959, Page 14

RESERVE BANK RETURN

Little Change In Sterling Funds

There was little change in the sterling exchange holdings of the Reserve Bank for the week ended January 14, compared with the previous week. On January 7 the total holdings were £ 40.8 m, and by January 14 the figure was £41.1m. The figures are shown in the bank’s latest return. Advances to the State also showed a slight increase, rising from £38.2m on January 7 to £38.4m Advances to marketing organisations fell from £33.4m to £ 31.9 m. Other advances fell from £l.lm to £385,000. Main items from the latest week’s return, with the previous week’s figures, are as follows: Main items from the latest week’s return, with the previous week’s figures, are' as follows:

Liabilities Bank notes Jan. 14. Jan. 7. £000 77,117 £000 80,842 Demand LiabilitiesState 10,588 9,964 Marketing 305 306 . Trading banks 51,856 50,015 Other 480 401 Assets Reserves— Gold 314 314 Sterling exchange 41,166 40,873 Other exchange .-. 365 505 investments— Overseas . 13.569 13,569 In New Zealand .. 22.807 22.807 State 38,491 38,230 Advance#— Market, orgn’s. 31,982 33,475 Other .. 385 1,190' Other Asset?— Gold • • ' •• 5.848 5.848 Other 1,856 751