RESERVE BANK RETURN

Evening Post, Volume CXXXIV, Issue 126, 24 November 1942, Page 3

RESERVE BANK RETURN

Details of the Reserve Bank of New Zealand return for the week ended November 16, 1942, compared with those for the week ended November 9, are: — Liabilities— £NZ £NZ General reserve 1,500,000 0 0 Unchanged Bank-notes .... 27,983,343 10 0 *295,447 Demand Liabilities — „ „._„„. State 7,692,667 010 t2,827.364 Banks 21,279,123 4 0 *2,043,913 Other 2,821,931 10 1 *1,533,369 Other currencies 36,818 4 8 t176,295 j Other assets ... 1,396,379 14 7 *35,915 £62,710,263 4 2 *904,985 Assets—- £NZ £NZ ■ Reserve — Gold ...... 2,801.877 10 0 Unchanged Ster. exchange 20,108,347 5 6 ' *143,709 Subsidiary coin . 50,366 15 11 t3,857 Advances to State — Marketing ... 2,402,449 07 *468,332 Other purposes 24,300.000 0 0 Unchanged Investments ... 4,461,794 10 St 6,564 Other assets ... 2,555,428 16 *290,237 £82,710,263 4 2 *904,985 ♦Increase. tDecrease. Proportion of reserve to notes and demand liabilities, 48.302 per cent... compared with 45.617 per cent, for the week ended November 9. The statutory limit is 25 per cent. Principal figures in the return for the week ended November 17, 1941, were demand liabilities to the State £8,487,805 and to the banks £8.912,541. Sterling exchange, £11,450,030. Advances to Marketing Department, £6,429,447, and advances to State for other purposes, £16,500,000. Bank-notes, £22,279,669. Investments were £3^842,379.