RESERVE BANK
Dairy Payment Reflected Trading banks’ deposits with the Reserve Bank rose £7.Bm to £ 101.9 m and the bank’s advances to marketing organisations rose £7.5m this week. The two movements were probably due to the dairy companies' monthly payments to suppliers. In spite of the increase of £5.4m in statutory minimum deposits, effective on February 20, trading bank borrowing from the Reserve Bank fell £l.lm to nil. Sterling and other -exchange fell £o.7m to £ 33.9 m. Net Government indebtedness rose £3.5m. Mata items from the latest week's return, with the previous week’s figures, are as follows:
Liabilities Feb. 13 £000 Feb. 20 £000 Bank notes 83.213 83,462 Demand Liabilities— State 12,787 12.360 Marketinc 1,923 1,899 Tr. banks .. 101AM 94,087 Other 2,794 1,655 Assets Reserves— Gold' 244 244 Sterling exch. 33,139 34,308 Other exch. .. 791 555 Investments— Overseas 19.442 18,442 In NJ!. 70419 70.819 Advances— State 44,709 40,724 Market erg. 43,118 37,680 Other — 1.130 Other assets .. 1424 1,434
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Bibliographic details
Press, Volume CII, Issue 30065, 25 February 1963, Page 16
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158RESERVE BANK Press, Volume CII, Issue 30065, 25 February 1963, Page 16
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