RESERVE BANK.
CHANGES IN CALL LIAIBILITIES. INCREASE IN NOTE ISSUE. WELLINGTON, June 19. The weekly statement ot assets and liabilities of the Roservc Bank of Now /paland as at the close of business on Montlav, Juno... 15, is as follows: — , LIABILITIES.
Proportion of reserve (No. 7 less No. 5). to notes and other demand liabilities. 96.716 per cent., compared with 96.715 per cent, on June' 8. The note issue has risen to £10,049,350. an increase of £30,579. Demand liabilities to the State at £9,768,407, show an increase of £22,576. The trading banks’ reserve balances show a further decrease of £228,678, and now stand at £7,095.343. Other demand liabilities at £146.637, show a rise of £52,806. Liabilities in currencies other than New Zealand currencies appear in the statement at £18,600. Other liabilities at £88,660 shove an increase of £6577. Sterling exchange totals £23,388 007, a decrease f £99.812. Gold remains unchanged at £2.801,733. Subsidiary coin totals £198,213, a decrease of £2434. Investments amount to £2.014,857, a decrease of £llO. Other assets at £264,187, have increased by £4817. The statement balances at £28,666,997, a decrease of £97,539. FOREIGN EXCHANGE.
X.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zea.and currency basis. They are' subject to alteration without notice. U.S.A. Canada. (per (per £1 N.Z.) la N.Z.) Sell ini?— dels dels X T 4.02 J 4.031 (XD. 4.0j1 4.04 i ' Bu> o!dT : 4.072 4.083
£ s d 1. General reserve fund ... 1,500,000 0 0 2. Bank notes 10,049,350 0 0 6. iJutiaml liabilities — (a) State 9,768,407 3 6 (b) Banks 7,095,342 19 0 (c) Other 146,636 13 1 4. 'lime deposits — 5. Liabilities in currencics otlier than N.Z. currency 18.600 0 0 6. Other liabilities 88,660 13 8 £28,666,997 9 3 ASSETS. 7. Rb'e-rve— £ s d (a) Gold 2,801,733 0 0 (b) Sterling exchange . 23,388,007 4 2 {<:) Gold exchange ... — 8. Subsidiary coin 198 213 11 7 to. Discounts— (a) Commercial and agricultural bills .. (b) treasury and local • . body bills — 10. Advances— (a) To the Stato or State undertakings — (b) To other public authorities — (c) Other — 11. Investments 2,014,856 13 6 lit. Dank buildings — 13. Other assets 264 0 0 £28,666,997 9 3
ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Weilington, Quoted the following rates for their purchases and sales ot toreign exchange yesterday New Zealand Buying. {Selling. on London— £N.Z. to £stg,100 ... T.T. 124 124/10/0 O.D. 123/10/0 124/8/9 Australia — £A to £N.Z. 100 T.T. 101 100/10/0 O.D. 101 100/10/0 Fiji— £E. to £N.Z. ICO T.T. 90/7/6 O.D. 90/7/6 89 89 New York — Dollar to £1 4.021 N.Z T.T. 4.0SI ' O.D. 4.0/g 4.0jj Montreal— Dollar to £1 N.Z T.T. 4.07| 4.03| O.D. 4.031 4.041 France — Francs to £1 N.Z . T.T. — 61.07 O.D. — 61.11 Hong-Kcng— N.Z. pence 1915-16 to to dollar .. . T.T. 18 7-16 O.D. 1811-32 19 29-32 Japan— N.Z., pence 17 21-32 to 1 yen . T.T. — O.D. — 17 41-64 Shanghai— N.Z. pence to 1 dollar .. T.T. 17 7-64 18 31-64 O.D. 16 59-64 18 15-32
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Bibliographic details
Manawatu Standard, Volume LVI, Issue 170, 19 June 1936, Page 5
Word Count
523RESERVE BANK. Manawatu Standard, Volume LVI, Issue 170, 19 June 1936, Page 5
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