COMMERCIAL RESERVE BANK RETURN
Slight Drop In Sterling
Sterling and other exchange held by the -Reserve Bank fell £ltm to £4lim in the week ended February 25. There was no change in the bank's overseas investments or in the gold now shown under “other assets.”
The biggest movement shown in the returns for the two latest weeks is a rise of nearly £6tn in the trading banks’ deposits with the bank. Bank notes fell more than £2m. Main hems .trom the latest week’s return, with the previous week’s figures, are as follows:
Liabilities Feb. 25. Feb. 18. £000 £000 Bank notes .. 74,711 74.966 Demand LiabilitiesState .. ... 7,547 7,822 Marketing .. 312 448 Trading banks .. 64,460 58,591 Other .. 524 886 Assets ReserveGold .. - 315 315 Sterling exchange 40,888 42,172 Other exchange .. 573 532 Investments— Overseas .. 13.569 13.569 In New Zealand 22.808 22.808 Advances— State .. 37.740 38,218 Market. org'ns. .. 41,682 35,283 Other .. .. — — Other Assets— Gold «. •• 5.848 5.848 Other .. 671 620
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Bibliographic details
Press, Volume XCVIII, Issue 28832, 28 February 1959, Page 16
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155COMMERCIAL RESERVE BANK RETURN Press, Volume XCVIII, Issue 28832, 28 February 1959, Page 16
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