RESERVE BANK
Sterling Funds Up
Sterling exchange funds of the Reserve Bank reached their highest level for eight months, during the week to May 13, rising £3m to £41.6m.
Trading bank statutory deposits showed a further increase from £43.4ni to £46.1m. These deposits fell as low as £27.8m in the week to March 25 when the statutory reserve ratio for demand liabilities was cut to the minimum level of 7 per cent. As from May 15, the ratio has been raised to 20 per cent. Main items from the Reserve Bank’s latest week’s return, with the previous week’s figures, are as follows: Liabilities
May 13 May 6 £000 £000 Bank notes 80,513' 80,188 Demand Liabilities State 26,478 28,563 Marketing 571 736 Tr. banks 46,088 43,374 Other 1,683 1,465 Assets Reserves— Gold 244 244 Sterling exch. 41,635 38,559 Other exch. .. 310 622 Investments— Overseas 24,347 24,347 In N.Z. 60,495 60,607 Advances— State .76 207 Market org’ns. 37,597 39,124 Other —— Other assets .. 2,014 2,007
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Bibliographic details
Press, Volume CIII, Issue 30445, 20 May 1964, Page 21
Word Count
162RESERVE BANK Press, Volume CIII, Issue 30445, 20 May 1964, Page 21
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