RESERVE BANK RETURN
NOTE ISSUE RISING
STERLING FUNDS INCREASE
Movements in the weekly statement of assets and liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday, December 13, compared with returns for December 6, are as follows:— £ s. d. £' j General Reserve I Fund 1,500,000 8 0 OnchanEer. Bank-notes 14,374,315 10 0 M 09.972 Demand Liabilities— (a) State .... 4,902,074 0 9 '104,30s (b) Banks ... G,456,430 14 11 ♦249,126 (c) Other,'.. 739,264 12 7 . *62,537 liabilities •In currencies other than X.Z. cuerfiiicy • ■ • JVil ■ ■ *~~ Other. liabilities . 163,077 18 9 . "5,749 ' £28,185,162 17 0 * £831,083 , . , ASSETS. ■■ C ■ s. d. •■.■■« (a) Gold ... 2.801.791 0 0 Unchanged (b) Sterling ex- ' • " change ...16,443,588 6' 2 • *205,661 Subsidiary coin . 162,339 18 8 t«2l Advances to Stata '' • dustry* account 5,040,592 11 2 . *352,609 - Advances to the State for .other purposes ... 900,000 0 0 ♦200,000 Other advances ... 100,000 0 0 Unchanged Investments ... 2,658.325 0 0 Unchanged Other assets-... 78,530 3 0 *21,344 ; £28,185,162 17 0 •£ 831.993 •. ■ tDecreaSe. •IncreaseProportion ■of reserve (reserve less ■' liabilities in currencies other ' than New Zealand currency), 72.563 . per ■ cent.,'- compared with 73.89 per cent, for the week ended December 6. x The \ note issue generally shows a large increase at this season; but that ; , of last week" is the highest it has ever been . since the Reserve Bank •. began operation^. , Notes, issued during De.ember hE*re been shown as follows:— Dec'1 9 : 'X................ 9979416 :. Dec"'l6:'.i .10,391,443 • -.Dte.":^-... + ....•.■■■ ...,.10,782,856 . Dec. 30,....4 10,720,504 '•■• • De^ .]..; "..•• • 12,500,286 Dec' 14' 12,907,382 Dec".''2>l ■......■........•..■•• 13,495,522Dec.<2S 13,641,4-51 ifec/l V •'. • • .'■ ■ 13,964,343 .Dec; 13 14,374,315 The.r.etuipi as at December 14, 1936, showed■ the• following:— , .. ...... . - \ ' •• . ■ ' ■ ' ■£■ ! ■General*, reserve'1..;:....» ....... 1.500,000 Bank-ndfes :....■.'.....1 : , 12,907,382 •Demana^fatylities— ;> \': . ;. Stats '■ .... .«..■•...•...■,•-. •■ *'362,202 34nks \ ..; v...-.,■!'•■'• • 9' 6*H&i . ~- Other- •,.••••■•■;•'■•■•-■'■•■;•.-••••■•.,. 198,619 ; l"\ ■•;Other, lfeßllitKs'__■;.. Ai'.:= ..;,•. 208,048 '-^56^..:..:..vv......;..........^ ■■ ■ a.soiiTsjff"' , :,-. Stewing eKChange. ,:..'.. 16' 7.?Hsj;' ' ■Subsidiiry|cotn: ...;.*.......;...! 116.4/0 Advance*',lo; State— .-" ': " .... '• Tor flalry'industry %.■.......'.... 5,353,996 For other, purposes .............. 800,00,0- , :■ Investmectts 2,700,598 i Other-':asaets ■ 278,924: Reserves ,to\notes.and. other demand .'liabilities l:, ..-.,..:.............. 72.183 ] ISfote : issues for month of December, 1936, were as follows:— ~-.■.'■.. ~-■,- ■'■'■:■ .'.'■'■ ■ £ December:'l4'iV"'i.'. 12,907,382 ■' Decembers^! Vv./i 13,495,522 December 28 13,641.451 ' 1937. . ' ■ ■ ; ■January ..'.4; .:....,.....:. 13,501.258. The; proportion of reserve • (less reserve' liabilitiesI,;in currencies other "■ than •Nevv'P-Zealand currency) .as at the. beginning, of. each month for the : past year has been as follows:— ~ : , > 1936~. ': : "" ■' Percent. December 7 73.46 1937.' .. ' January 4 '. 68.533 Pebruary I T0.855 March ■a", ....'...-... ,67.862 April 5 .......;:.. 72.538 May 3 t .-.."..V. i ■ J3.374 June '7j ....;...,..; 78.581 . . • July. 5 \....'.........., 77.632 August »:>:..V.'.'..'............ 79.676 ■September''6 ................ .78.388 .•October *.'-•■: ................. .78.339 :1.:/N*oTember--.lVi.;1....... 7,6.083 , •: December\6 ......: 73.89 ~ ',December:'l.3' : :.......-.......;. 72.563 : , .•-'■:.■'■.•''iLdNDbN^FUNDS. .. • : '.Sterling exchange'held, as assets by '. the •Reserve Bank of- New Zealand ' overrthe-past-hyelye-months as at the : first; wefeks-of the .months show the foliowing: yariations:—.V-, : - 1936. .-' '■ ■ ■■•■' ••'■•. ■ fi ■ ■ December 7 16.766,549 193 T. ', '■: ', ' .'■'-■;',■■ '■■ -'' ■■ ; ■JanuaVy"4 '..;...!..;.;..... 16.214,177Febriiary 1 .............. 18,769.538 Harcb'l: ' ......'..".i.... 17.458.177 April 6 19.272.055. -: May 3 v....; 20.137.900 r vJun»" ' ................. 20,909.165July 5 ................. 19.746.704 " .August 2 20,876,822 'September 8" ............ 18.794,615 ■October 4. ■ ..;.1.; i.*,',.:. 17.4fi2.300 Jypvember 1 ;.. .17,148,967 'SoVembif'29'.~::'.".'."..'.'.... 16,586,526. ■December 6 ■..........;... 16,184,928 .December 16 ~■ .. ' 16.443.558
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Bibliographic details
Evening Post, Volume CXXIV, Issue 146, 17 December 1937, Page 12
Word Count
478RESERVE BANK RETURN Evening Post, Volume CXXIV, Issue 146, 17 December 1937, Page 12
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