RESERVE BANK RETURN

Evening Post, Volume CXXV, Issue 71, 25 March 1938, Page 14

RESERVE BANK RETURN

STERLING INCREASE

CHANGES FOR THE WEEK

Movements_in the weekly statement of assets and liabilities of the Reserve Bank' of New Zealand, as at the close of business on Monday, March 21,. 1938, compared with returns for March 14, are as follows:— LIABILITIES.

■(■Decrease. 'Increase. Proportion of' reserve (reserve less liability in currencies other than New Zealand currency), 73.143 per cent., compared with 72.042 per cent, for the week ended March 14, 1938. The return as at March 22, 1937, showed the following:— ' ■■ ■

Th^ proportion of reserve (less re- • serve\ liabilities in currencies other than Kew Zealand currency) as at the beginning of each month for the past year:has been as follows:— .• .

LONDON FUNDS. Sterling exchange held as assets by the Reserve. Bank of New, Zealand over the past, twelve months as at .the first ■week of the month show the following "variations: — . '

, ! . S s. ;d.. - £ General Reserve '■ Fund ■ 1,500,000 0 0 Unchanged Bank-notes .... 13,530,^41 0 0 136,579 Demand liabilities— (a) State .... 7,898,390 14 2 *39,"95 (b) -Banks ... 5,578,253 16 5 •315,10'J (c) Other .... 305,773 3 10 »32,490 Other liabilities 203,556 10 1 '9,684 £29,01fi,213 4 7 *360,5S9 ASSETS. £ s,, d. . £. (a) Gold 2,801,781 0 -0 Unchanged (b) Sterling exchange .... 17,175,591 13 10 *553,454 Subsidiary coin . 229.01S 11 3 fT52 idtances to State for Primary ProK J™r. 5,387,394 2 0 t2S7,372 Other advances . 250,000 0 0 Unchanged Investments 2,971,984 18 0 : Unchanged Other • assets ... 200,234 16 6 •95.25S £29,016,215 4 7 ♦360,589

leneralreserre _'..,::• .^«« lank-notes •■••■ 13,136,9d< lemand Liabilities— , . •.- s State' ..,............:..... .J'8§='2^. = .::::::::::::::::::::■::::: 8'i| Other liabilities lo<t,231; "SSS 8-; , , 2,801,791 Sterling exchange 18,865,743 Subsidiary, coin Iu5,«a idvances to'Stste-J- - •■■- •"■■ • . ■ Tor dairy industry ■sniv^nn For other purposes 82KS Other advances- ■....■ .1 .-..-..-.• W°.° n InTestments-. .........:..w.......! -.4a?,«j2 O^her assets so.l'o Reserves to notes and other demarid '^ ■liabilities ••• '3,178

, MarchYl ..:....... .... 6"-S62 'Xprtl 5\ ■" 72-5^ ♦ June 7 \ i5'?5, ' July 5 1 7T;632 . August 2V ..........i.......^: 1S.&1S ' September* 6 ........•...•.>.... 78.388, : October.4 ........,./..... : T8.339. NoTemlier.IV ...,.;..-.....-. ,■ .^b.Oba December 6 ••• J |3-°" ' 1938 'J' ' . Januaiy;.^ 7&-.088 • February I S7-039 Marclt v r- 66-019 ■ March;21 : 73.143

XVAi, ■■ ** March 1 " 1T-452'JZI April 5 19,2?2,0dd Mays , 20,137,000 June 7 ?.0,909,16o July 5 ..............'... 19,746.704 August 2 20,8.76,822 f September- 6 '■ 18J94' ; 6l5 v ..;| October 4 i November 1 ..:.•..• li.HS,9C. ; December. 6 .....16,184,923 January 3 ...; 16,414,909 ' February 7 .....;, 1».-TPM»» March 7 .".'. 15,617,118 ■ March 21 < .■,17,175,592