RESERVE BANK RETURN
State, Banks Borrow More
Net Government indebtedness to the Reserve Bank rose £5.3m in the week ended November 16. Borrowing by the trading banks from the Reserve Bank was also higher, at £ 13.4 m. while trading banks’ deposits were virtually steady at £92.5m. Sterling and other exchange fell £l.2m to £ 40.0 m. The note issue began its preChristmas rise, climbing £l.Bm. Main items from the latest week’s return, with the previous week*? figures, are as follows: —
Liabilities . Bank notes Nov. 16 £000 85,537 Nov. 9 £000 83,730 Demand Liabilities— State 9,129 9.439 Marketing 1,025 971 Trading Banks .. 92,469 92,779 Others 3,598 701
Assets Reserves— Gold 315 315 Sterling exchange 39,596 40.931 Other exchange .. 447 257 Investments— Overseas - .. 31,267 31.267 In New Zealand 71.308 71.3U8 Advances — State 23,320 17.358 Market org’ns. 15,339 16,352 Other 13,395 12,710 Other Assets— Gold 5.848 5 848 Other 971 1,099
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19601121.2.200
Bibliographic details
Press, Volume XCIX, Issue 29367, 21 November 1960, Page 20
Word Count
147RESERVE BANK RETURN Press, Volume XCIX, Issue 29367, 21 November 1960, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.