RESERVE BANK

Evening Post, Volume CXXXII, Issue 41, 16 August 1941, Page 5

RESERVE BANK

STERLING EXCHANGE HIGHER

The return of the Keserre Bank of New Zealand for the week ended August 11 shows changes on the week as under. Sterling exchange at £15,304,128 has Increased by £394,852, and compares with £12.232,197 at the corresponding date of last year. Advances to the State for purposes other than marketing show a reduction this week of £500,000 to 4i 18,500,000. The note issue Is increased by £74,123. Movements in the return for this week are as follows:— LIABILITIES.

Proportion of reserve to notes , and other demand liabilities, 39.918 per cent., compared with 39 181 per cent for the week ended August 4 1941. and 36 154 per cent, for the week ended August 12, 1940. The statutory limit is 25 per cent.

I - £NZ s.d. General reserve . 1,500.000 0.0 Bank-notes ... 21,959,951 0 0 Demand LiabilitiesState ...;.. 9,121,597 19 11 Banks .. 12,700,715 11 1 Other 1,495,663 11 6 Currencies other than N.Z. .... 8,154 13 7 Other liabilities . 972,405 10 5 £NZ Unchanged *74,123 *372,S85 1881,262 «-586,829 *l,170 i *2,262 £XZ47,818,483 6 6 ASSETS. £NZ s. d. Reserve— Gold 2,801,874 10 0 Ster. exchange 15,304,128 0 8 Subsidiary coin 52,479 19 9 Advances to StateMarketing .. 5,769,872 18 5 Other purposes 18,500,000 0 0 Investments .. 3.772.556 19 1 Other assets .. 1,617.575 18 7 ■"156,006 £NZ Unchanged *394.852 tl.089 •»157,548 t500,000 Unchanged *104.696 £NZ47,818.488 6 6 •Increase tnecrease. H56.006