RESERVE BANK
£2.7m Fall In Sterling Sterling and other exchange held bv the Reserve Bank fell £S.3m to £ 48.0 m last week. The bank’s holdings of gold and overseas investments were unchanged. Trading banks’ deposits with the bank rose £o.9m to £775m and their penal borrowing rose £o.3m. From today their reserve ratios have been raised by an amount calculated to increase their statutory deposits by £s.Bm. Net Government indebtedness to the bank rose £4.2m and net indebtedness of the marketing organisations was reduced by £l.Bm. Main items from the latest week's return, with the prevlous week's figure*, are as follows
Liabilities Bank Notes .. Aug. 14 £000 81.081 Aug. 7 £000 81,312 Demand LiabilitiesState 17.403 19.006 Marketing .. 1.505 1.011 Tr. banks 77.931 77.077 Other .. 1.535 1.816 Assets Reserves— Gold 244 244 Sterling exch. 47,119 49.852 Other exch. 922 516 Investments— Overseas .. 20.786 20,716 In N Z. 69.794 09,835 Advances— State 13.591 11,025 Market org’ns. 28,137 29.786 Other 4,995 4.660 Other Assets .. 1.817 1,705
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Bibliographic details
Press, Volume CII, Issue 30214, 20 August 1963, Page 17
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163RESERVE BANK Press, Volume CII, Issue 30214, 20 August 1963, Page 17
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