RESERVE BANK

Dominion, Volume 28, Issue 208, 31 May 1935, Page 14

RESERVE BANK

State Deposits Increase HIGH FIGURE REACHED The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday. May 27. is as follows: —

Proportion of reserve (No. 8 less No. 6) to notes aud other demand liabilities, 97.34 per cent. The only changes of any magnitude this week tire on' the liabilities side. Government deposits have increased by £552,818/11/4 to the high total ot £12,767,404/12/4. On the other hand, trading bank deposits, at £4,205,630/6/4, show a decrease of £547,508. Bank notes issued have decreased by £6Bll, the total now being £9,302,093/10/-. Other demand liabilities, at £12,087/7/8, and other liabilities at £87,804/10/1. show very small decreases. On the assets side, gold remains unchanged at £2,801,731, and sterling exchange at £22,789,228/3/3. is scarcely changed. Subsidiary coin, at _£154,G03 9/9, shows a decrease of £6939/5/2. Investments are unchanged at £2,094.07i>. Other assets have increased by £t>223 17/-. and stand at £35,352/13/5. The statement balances at £27,570,020 6/5. a decrease of £1698/1/7.

LIABILITIES. £ d. 1. Paid-up capital .... 500,000 0 0 2 General reserve fund 1,000,000 0 0 3. Bank notes 9,302,003 10 ■L Demand liabilities — 0 (a) State 12,767,40112 4 (b) Banks ........ 4,20.;,630 6 4 (c) Other 12,087 1 5. Time deposits 6. Liabilities in currencies other than N.Z. currency ...... —-— 8 7. Other liabilities .... S7,80-110 1 £27,875,020 6 5 ASSETS. d. S. Reserve — £ s - (a) Gold 2,801,.31 0 0 (b) Sterling exchange 22,789,22S 3 (c) Gold exchange .. 9. Subsidiary com .... 154,633 9 10. Discounts— (a) Commercial and agricultural bills - (bl Treasury a n d local-body bills .. 11. Advances — (a) To the State or State undertakings fb) To other public authorities ..... 9 12. Investments 2,094,075 0 13i Bank buildings ..... - ~~~ 0 14. Other assets ....... Jo 5 £27,875,020 6 5