RESERVE BANK RETURN

Evening Post, Volume CXXV, Issue 17, 21 January 1938, Page 12

RESERVE BANK RETURN

NOTE ISSUE LOWER

STERLING EXCHANGE INCREASE

Movements in the weekly statement of assets and liabilities oi the Reserve Bank of New Zealand, as at the close of business on Monday, January 17, 1938, compared with returns for January 10, are as follows:—

£ 5. d. £ Genera) Reserve Fund t,500,000 0 0 Unchanged Bank-notes ... 14,532,505 10 0 t105,952 Demand Liabilitiesfa) State ... 3,040.116 211 f 180,41;) (b) Banks .. 9,620,810 10 2 «775,159 (c) Otiier ... 650,578 17 2 *756,628 Other liabilities . 191,717 9 10 *22,343 £29,541,726 10 1 «£ 496,763 ASSETS. fi s. a. £ j Reserve— (a) Cold ... 2.801,791 0 0 Unchanged (b) Sterling exchange 16,683,102 6 0 »535,207 Subsidiary coin . 217,882 18 2 '2,012 Advances to State on Dairy Industry account 6,221,143 4 10 t22,521 Adrances to the State for other purposes .... 900,000 0 0 Unchanged Investments ... 2.658,325 <) 0 Unchanged Other assets 59,482 1 1 118,535 £29,541,726 10 1 •£496,763 fDecrease. *Increase. Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency), 69.963 per cent., compared with 69.221 per cent, for the week ended January 11, 1938 lv The return as at January 18, 19C7,' showed the following:— a General reserve 1,500,000 Bank-notes i 13,212,490 Demand LiabilitiesState .' 4,334,848 Banks 11,061,083 Other '. 1,410,397 Other liabilities 132,285 Reserve— Gold 2,801,791) Sterling exchange 17,693,981 Subsidiary coin 155,118 Advances to State— For dairy Industry 5,963,163 For other purposes ~,..•.... 1,800,000 Investments 3,164,315 Other assets 72,735 Reserves to notes and other demand liabilities 68 276 The proportion of reserve (less 'reserve liabilities in currencies other than New Zealand currency) as at the beginning of each month for the past year has been as follows:— 1937. Per cent. January 4 68.533 February 1 70.855 March 1 G7.8G2 April 5 ................... 72.538 May 3 73.374 June 7 VJ , 78.581 July 5 „..,.. 17.G32 August 2 ............ r9.076 September 6 T8.388 October 4 78.339 November 1 76.083 December 6 73.59 1935. January 3 70.088 January 10 69.221 . January 17 ; • 69.963 LONDON FUNDS. Sterling exchange held as assets by the Reserve Bank of New Zealand over the past twelve months as at the first weeks of the months show the following variations:— 1937. ' ' £ January 10,214.177 February I 18,769,5ns March 1 17,458,177 April 5 19,272,055 May 3 20,137,900 June. 7 20,909,105 Juty>s 19,746,704 August 2 20,876,822 September 6 18,794,615 October 4 17,462.300 November 1 17,148,967 December 6 16,181928 ' 1938. January 3' 16,414,909 ■ January 10 16,147.895 January 17 • ]6,(i53,1ff2