RESERVE BANK RETURN
Further Rise In Sterling Sterling and other exchange held by the Reserve Bank rose £2.7m to £ 75.4m —the highest total for several years—in the week ended August 12. - This increase may have been partly due to sales of sterling exchange to the Reserve Bank by trading banks. "Other” advances by the bank—which include advances to the trading banks to enable them to maintain their statutory minimum deposits with the bank —fell from £6.2m to nil during the week. Trading banks’ deposits with the bank fell £2.7m to £ 61.3 m. Main items from the latest week’s return, with the previous week’s figures, are as follows: —
Liabilities Aug. 5 £000 Aug. 12 £000 Bank notes 74,661 74,462 Demand Liabilities— State 7.976 8,210 Marketing 506 575 Trad. Banks 61,291 64,018 Other 931 615 Assets Reserves— Gold 315 315 Sterling exchange 75,060 72,227 Other exchange .. 388 548 Investments— Overseas 13,694 13,694 In N.Z. .. 22,808 22.808 Advances— State 15.644 13,159 Market org'ns .. 18,711 20,625 Other — 6,210 Other Assets— Gold ..> • • 5.848 5.848 Other 1,286 777
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Bibliographic details
Press, Volume XCVIII, Issue 28976, 18 August 1959, Page 17
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172RESERVE BANK RETURN Press, Volume XCVIII, Issue 28976, 18 August 1959, Page 17
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