RESERVE BANK RETURN

Press, Volume XCIX, Issue 29265, 25 July 1960, Page 20

RESERVE BANK RETURN

Trading Banks Deposit £loom Trading banks’ deposits with the Reserve Bank for the first time exceeded £loom on July 20. Following an increase in the trading banks’ reserve ratios, statutory minimum deposits rose to £B9m on July 13. At that date, actual deposits exceeded this figure by nearly £7m. Sterling and other exchange held by the bank rose £l.lm. Overseas investments were steady. State deposits rose £2.5m, but advances to the State rose £7.3m, a net increase of £4.Bm in Government indebtedness. Advances to marketing organisations fell £l.2m. Main Items from the latest week’s return, with the previous week’s figures, are as follows: Liabilities

July 20 July 13 £000 £000 Bank notes 78,587 79,008 Demand LiabilitiesState .. .. 12,790 10,340 Marketing 1,010 284 Trading banks .. 100,791 96,666 Other 608 412 Assets Reserves— Gold 315 315 Sterling exchange 64,617 63,900 Other exchange .. 454 444 Investments— Overseas 31,128. 31.128 In N.Z 71,308 71,308 Advances— State 12,793 5.523 Market orgn’s. 14,860. 16,104 Other .. MW WM Other Assets— Gold 5,848 5.848 Other 932 1,067