THE RESERVE BANK.

Manawatu Standard, Volume LV, Issue 233, 30 August 1935, Page 16

THE RESERVE BANK.

MOVEMENTS IN CALL DEPOSITS. STERLING EXCHANGE STEADY. WELLINGTON. Aug. 30. The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, August 26, is as follows: LIABILITIES. £ s d 1. Paid-up capita! 500,000 0 0 2. General Reserve Fund . 1,000,000 0 0 3. Bank notes 8,769,362 0 0 4. Demand liabilities — (a) State 10,977,917 6 6 (b) Banks 4,472,259 11 6 (c) Other 180,573 5 11 5. Time deposits 6. Liabilities in currencies other than N. Z. cur rency 7. Other liabilities 63,529 17 10 £25,963,647 1 9 ASSETS. 8. Reserve — £ s d (a) Gold 2,801,732 10 0 (b) Sterling exchange . 20,813,691 7 0 (c) Gold exchange 9. Subsidiary coin 222,110 22 10. Discounts—(a) Commercial and agricultural bills ... (b) Treasury and local body bills 11. Advances —- (a) To the State or State undertakings . (b) ’To other public authorities If:) Other ' 12. Investments 2,102,858 11 5 13. Bank buildings 14. Other assets 23,254 11 2 £25,963,647 1 9 Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities. 96.78 per cent, compared with 96.76 per cent on August 19. Major changes are shown this week in the. items on the liabilities side. Government deposits at £10,977.917 show a decrease of £133,683. Other demand liabilities show a decrease of £228,234, the item now standing at £180,578. These reductions largely correspond to an increase of £369,195 in trading banks’ deposits, which have risen to £4,472,259. Notes issued total £8,769,362, a decrease of £10,690. Other liabilities at £63,530 show a small increase of £5Ol. On the assets side, gold at £2.501,732 10s and investments at £2,102,858 11s 5d show no change. Sterling exchange totals £20,813,691, an increase of £S7O. Subsidiary coin at £222,110 shows a decrease of £916, and other, assets at £23,254 are lower by £2865. i The statement balances at £25,964,- j 647 Is 9d, an increase of £2910 17s.