RESERVE BANK RETURN

Evening Post, Volume CXXV, Issue 23, 28 January 1938, Page 12

RESERVE BANK RETURN

WEEK'S MOVEMENTS

DAIRY ADVANCE LOWER

Movements in the weekly statement of assets and liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday. January 24, 1938, compared with re- ■' turns . for, January 17, are as folOWS.—■ LIABIOITIES. 4> ». d. £ ' General Reserve ' , , nmd 1,500,000 0 0 Unchanged Bank-notes ... 1-1.205.03U 0 U f 230,340 D7rS dtato ab!!i!! CSlo22,G 3B 7 8 t17.«0 1 b Banks .. 10 303,005 11 0 'U51.235 c) Other ... 011,511 6 0 t0.030 Other liabilities . 193,175 18 7 — £20,961,437 13 3 • 119,711 ASSETS. ' . ' a ». a. £ "a" Gold ... 2,801,791 0 0 Unchanged 'Wl-ir^i 1 .-526,087 coin . 218,392 12 S ' »510 Advances to State '~,. . on Dairy . In- , _ • ■ dustry account 0,093,308 8 4 t127,53u Advances to the State for. other , ; • purpose's .... 900,000 0 0 Unchanged Investments .. 2.G58.425 0 0- Unchanged Other assets >•..■■.:■ .; 80,431 112 . , '.20.850 ■ ■"'■■.'■ £281,961,437.'13 3 '419,711 rDecxease. ■ •Increase. ■ Proportion of reserve Creserve- less liabilities in currencies other than '(New Zealand currency), 70.789 per cent, compared with 69.963 per. cent. iov. the week' ended January 17, 1938. . The return as at January 25, 1937, showed the following:— £ Sonera, reserve .......... y\,\™°AZ, Bank-notes • v..', '•. 13.vw,iJl Demand LlaDlUtlea— o t ., B 5,039,524 TCanlci .....•■■-*••• 11,001,4.0-J i o? her 385,698 > Other liabilities 103,11j Eeservo— ■ ' dold'. • • ..:.:.......::... 2.801.7im Sterllnß" exchange ••••• 17'J9}!^ Subsidiary coin • 104,4il Advances to State— For dairy industry fSnon For oUicr purposes I'^-S'e-n investments 3' «? .to - Other assets st>,-JJ - Reserves to notes and other demand .liabilities ..■..:.... C5- 14i The proportion of reserve (less reserve liabilities in. currencies other .tr)an..New Zealand currency) .as at ( the beginning of each month for tne past year has been as follows:— i? 37 ". ■' ; .-"'?•' r««°u January 4 .'••■ OS.o-o February _l «,■ '...'- • - .0 Sj . March 1 ••• (l"-*1" April 5 i--J« MW 3 lune 7 > <8-jß' July 5 •.— "-632 :AuKUSt 2 i-'-k''' September 6 ;J 3SS <• • October 1 i»-3j9 Novemher V ' \\°*\ i Uecember G (J-°J ' " A."nfryß «•<»; ■ Jai»iarvl7 k» ?" , January 24 lU.ibJ | LONDON FUNDS. Sterling exchange held as assets by the Reserve Bank of New Zealand over the past twelve months as at the i first weeks of the months show the following variations:— / 1937. ~?,--- --lanuarv ........; 1G,i14,1t( February 11. J2'lSg-?25 (nril 5 .......... .» 19,272,05", 'Slay S .... 20.13T.8U0 > liino 7 20,909,1 in July 5 on-i-G's"' Auirust 2 TQ-SA?'srr September 6 ]H R ifnn .October 4 li'fSHp? Vovcmber 1 VAii'Vi* ,-JJecembor G 10,18 I,J-» Jammry 3 ...'. W.««.«|j» •January 17 rfoßisi January 24 ..^^..., li,iOJ,lh»