RESERVE BANK RETURN
Sterling Holdings Up £l.6m Sterling and other exchange held by the Reserve Bank rose £l.6m to £ 43.1 m in the week ended March 4. Deposits by the State rose £3m, more than offsetting a rise of £l.9m in advances to the State for non-marketing purposes. A rise of more than £2m in the bank’s “other assets*’ indicates borrowing by the trading banks to maintain their statutory minimum deposits. Main items from the latest week’s return, with the previous week’s figures, are as follows:
Liabilities Mar. 4 Feb. 25 £000 £000 Bank notes 75.174 74,711 Demand Liabilities— State 10,551 7,547 Marketing 273 312 Trading banks .. 65,762 64,460 Other 448 524 Assets ReserveGold 315 315 Sterling exchange 42,551 40,888 Other exchange ;. 518 573 Investments— Overseas 13.569 13.569 In New Zealand 22,808 22,808 Advances— State 39,624 37,740 Market, org’ns. .. 41,100 41,682 Other —— Other Assets— Gold 5.848 5,848 Other 2,744 671
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Bibliographic details
Press, Volume XCVIII, Issue 28840, 10 March 1959, Page 21
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150RESERVE BANK RETURN Press, Volume XCVIII, Issue 28840, 10 March 1959, Page 21
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