RESERVE BANK
Sterling Falls
Sterling exchange funds held by the Reserve Bank fell £l.Bm to £30.9m in the week to January 9. The week before the bank's sterling funds rose £l.3<n in the first rise since late November.
Advances to the State fell £€7m to £4o.&n, while State deposits with the Reserve Bank were £l.ftn lower at £ 13.8 m. Trading bank deposits with the bank were £ 16.2 m against £B3 2m the week before.
The backflow of Reserve Bank notes after the Christmas and New Year holiday break continued with the note issue at £90.3m compared with £96m on January 2. Main items from the latest week’s return with the previous week’s figures, are as follows: Liabilities
Jan. 9 Jan. 2 £000 £000 Bank note* 90,288 97,994 Demand Liabilities— State 13,578 15,184 Marketing .. 1,642 1,659 Tr. banks .. 86,229 83,235 Other 1,535 2,230 Assets Reserves— Gold 244 244 Sterling exch. 30,906 32,709 Other exch. 409 550 Investments— Overseas 16,442 16,442 In N.Z. 70.988 70.988 Advances— State 40,838 45,560 Market orgns. 35,448 36,299 Other 652 — Other assets .. 1,418 2,001
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https://paperspast.natlib.govt.nz/newspapers/CHP19630112.2.157
Bibliographic details
Press, Volume CII, Issue 30028, 12 January 1963, Page 14
Word Count
177RESERVE BANK Press, Volume CII, Issue 30028, 12 January 1963, Page 14
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Acknowledgements
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