RESERVE BANK

Manawatu Standard, Volume LVI, Issue 261, 2 October 1936, Page 5

RESERVE BANK

DAIRY ADVANCES INCREASE. STERLING EXCHANGE LESS. WELLINGTON, Oct. 2.

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 88.504 per cent., compared with 89.694 per cent, on September 21. A further increase of £201,119 in advances to the State’s Dairy Industry Account has brought the total amount to £1,095,350. Advances to the State for other purposes remain unchanged at £700.000. Sterling exchange shows a further decrease of £85.938, the total holding now being £16,835,564. Gold remains unchanged at £2,801,733, but subsidiary coin at £170,524 shows a decrease of £1771. Investments total £2,123,576, an increase of £87,726. Other assets total £66,718, a decrease of £1529.

On the liabilities side the note issue is lower by £19.728, the total now being £11,174.757. Demand liabilities to the State amount to £3,898,063, a decrease of £52,134. The trading banks’ reserve balances show a further increase of £219.851, the total being £6,873,521. Other demand liabilities at £241,635 show an increase of £50.647. Other liabilities amount to £105,489, an Increase of £971. The statement balances at £23,793,466, an increase of £199,608.

The weekly statement or onsets anu liabilities of the Reserve Bank of New Zealand a« at the elose of hu«mess on Monday. September 23, is as follows: LIABILITIES. £ s d 1. General reserve fund ... 1.500.000 0 0 2. Bank notes 11,174,757 10 0 3. Demand liabilities — (at State 3,898.062 19 11 tbl Banks 6,873,521 0 7 (c) Other 241,634 16 10 4. Time deposits 6. Liabilities in curren* cies other than N.Z. currency — 6. Other liabilities 105,489 7 8 £23,793,465 15 0 ASSETS. 7. Reserve — £ 8 d (a) Gold ' 2,801,733 0 0 (b) Sterling exchange . 16,835,564 5 7 <c> Gold exchange ... — 8. Subsidiary coin 170,524 1 3 9. Discounts — (a) Commercial and agricultural bills .. — (b) Treasury and local body bills — L0 Advances — (a) To the State or Stato undertakings— (1) Dairy Industry Account I,U95,35U 2 3 (2) For other pur- —• poses 700,000 0 0 (b) To other public authorities — (c) Other — 11. Investments 2,125,576 12 11 12. Bank buildings — 13. Other assets bb,717 13 0 £23,793,465 15 0