RESERVE BANK RETURN
STERLING £27,122 LOWER BANKS’ HOLDINGS RISE An increase of £316,634 in aggregate demand liabilities, shown by the Reserve Bank return for the week ended Monday, May 26, is caused principally by a rise of £296,495 in the deposits of the trading banks. The statement with variations compared with the week .before is as follows: — Liabilities
.Variation £ £ Gen. reserve .. 1,500,000 Same Bank notes .. 21,782,022 —27,590 Demand liabilities — State 8,475,658 +62,368 Banks .: 13,893,254 +296,495 Other 344,111 —42,229 Other curr’cies 23,127 +10,170 Other liabilities 1,244,048 —>-2,084 Total 47,262,220 +297,130 Assets Reserve — Gold 2,801,874 Same Sterling ex. 21,240,184 —27,122 Subsidiary >coin 79,224 +4,333 Advances — Marketing 4,267,276 +280,582 Other 13,500,000 Same Investment 3,772,569 Same Other assets .. 1,601,093 +39,337 Total 47,262,220 +297,130 Proportion of reserve to notes, and other demand liabilities, 53.981 per cent (54.418 last week).
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20570, 2 June 1941, Page 9
Word Count
134RESERVE BANK RETURN Gisborne Herald, Volume LXVIII, Issue 20570, 2 June 1941, Page 9
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