RESERVE BANK

Evening Post, Volume CXIX, Issue 127, 31 May 1935, Page 12

RESERVE BANK

THE WEEKLY RETURN

The return of the Reserve Bank -of New Zealand for the week ended May 27, when compared with that ended May 20, shows but little variation. The bank-notes are less by £6811; Government deposits have increased by £552,818, and trading banks' deposit are reduced by almost' the same amount, viz., £547,538. Other liabilities are lower by £84. -"aum On the assets side, the gold held is as rt was last week. Sterling exchange is but £18 more. Subsidiary cota is less by £6939. Other assets have increased by £5223. The proportion of f^rve to notes and other demand liabihties is 97.35 per cent, compared with 97.34 per cent, last week.

The detailed statement for the week ended May 27 is as follows:—

LIABILITIES.

Paid-up capital 500,000 0 6 General Reserve Fund 1,000,000 0 0 Bank-notes 9,302,093 10 0 Demand Liabilities— (a) State 12,767,404 12 4 (b) Banks ........ 4,205,630 6 4 (c) Other 12,087 7 8 Time deposits — Liabilities in currencies other, than New Zealand currency .... — Other liabilities ..., 87,804 10 1 £27,875,020 6 5 ASSETS. Reserve— £ s. d. (a) Gold ' 2,801,731 0 0 (b) Sterling exchange 22,789,228 3 3 (c) Gold exchange .. — Subsidiary coin ...... 154,633 9 9 Discounts— (a) Commercial and agricultural bills — (b) Treasury and local-body bills . — Advances — (a) To the State or State undertakings —. (b) To other public authorities .... — (c) Other — Investments 2,094,075 0 0 Bank buildings . — Other assets ........ 35,352 13 5 ■ •; . 9 £27,875,020 6 5