RESERVE BANK RETURN
£3.6m Borrowed By Trading Banks
Borrowing by trading banks to maintain their statutory minimum deposits with the Reserve Bank rose £3.6m to £3.Bm in the week ended July 29. This is shown in the Reserve Bank's latest return, under the item “other” advances Sterling and other exchange held by the bank rose £2.om to £70.5m, but this increase may include exchange purchased by the bank from trading banks. Main items trom tne latest week s return, with the previous week's figures, are as follows:
Liabilities July 29 July 22 fix Hl £ mi Bank notes 74.339 74.418 Demand LiabilitiesState . 11.4C5 12.433 Marketing 303 755 Trading banks .. 63,201 62.672 Other 1.055 877 Assets Reserves— Gold 315 Ji5 Sterling exchange 69.961 67,910 Other exchange .. 512 5 56 investments— Overseas 13.694 13,694 tn NZ 22.808 22.818 Advances— State 18,139 23.117 Market org'ns. .. 22,197 23.771 Other 3,760 150 Other Assets— Gold 5.848 5.848 Other 1,414 1,146
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Bibliographic details
Press, Volume XCVIII, Issue 28963, 3 August 1959, Page 16
Word Count
154RESERVE BANK RETURN Press, Volume XCVIII, Issue 28963, 3 August 1959, Page 16
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