RESERVE BANK
Preparation For I.M.F. A readjustment of some of the Reserve Bank’s assets, in preparation for ' New Zealand’s entry into the World Bank and International Monetary Fund is apparent in the bank’s latest return. In the week ended August 30 the bank’s reserves of gold were reduced from £6.2m to £o.2m, while investments other than sterling rose £6m. Other large movements last week were a fall of £5.4m in advances to the State and a rise of £4.9m in the Reserve Bank’s advances to trading banks. Sterling and other exchange held by the bank rose £lm to £9.lm. Main Items from the latest week's return, with the previous week’s figures are as follows:
Liabilities Aug. 30 Aug.23 £000 £000 Bank notes 82.017 81,986 Demand Liabilities— State 14,062 14,868 Marketing 3,424 3.528 Tr. banks 69,677 69,397 Other 1,745 2,062 Assets Reserves— Gold 242 6,163 Sterling exch. 8.507 6,704 Other exch. Investments— 559 1,437 Sterling Other 31,267 77,288 31.267 71,313 Advances— State . 15,416 20,834 Market. org. 24,658 25,830 Other 19,785 14,865 Other assets 1,307 1,486
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Bibliographic details
Press, Volume C, Issue 29609, 4 September 1961, Page 18
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174RESERVE BANK Press, Volume C, Issue 29609, 4 September 1961, Page 18
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