RESERVE BANK
T.B. Deposits Lower Trading banks’ deposits with the Reserve Bank fell £4.9m to £77.1m last week while their borrowings fell £2.4m. according to the latest Reserve Bank return. On August 2 the reserve ratios were reduced to 29 per cent of demand liabilities, from 30 per cent., and 10 per cent, of time liabilities Advances to the state rose £39m to £llm, while advanaces to marketing organisataions fell £l.4m to £29Bm. Investments overseas and in New Zealand were steady. Main items from the latest week's return, with the previous week's figures, are as follows :
Liabilities Bank Notes Aug 7 7000 81.312 Julv 31 £000 80.673 Demand Liabilities— State 19.006 15.856 Marketing 1 011 84! Tr. banks .. 77.077 81.952 Other 1.616 1.440 Assets Reserves— Gold 244 244 Sterling exch. 49.852 50.929 Other exch. 516 508 Investments— Overseas 20.786 2O.78 f In N Z 69 835 69.918 Advances— State 11 025 7.131 Market orgns. 29 7% 31.159 Other 4.660 7 1?0 Other assets 1.705 2.135
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Bibliographic details
Press, Volume CII, Issue 30206, 10 August 1963, Page 16
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165RESERVE BANK Press, Volume CII, Issue 30206, 10 August 1963, Page 16
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