RESERVE BANK.

Manawatu Standard, Volume LVII, Issue 50, 29 January 1937, Page 10

RESERVE BANK.

STERLING EXCHANGE HIGHER. NOTE ISSUE LOWER. WELLINGTON, Jan. 29. The week!} suiicniom oi asseia and liabilities of the Reserve Bank of New Zealand as at tho ciasc ot business on Monday, January 25, is as follows: — LIABILII iEs.

Proportion of reserve (No. 7 loss No. 5) to notes and other demand liabilities, 68.147 per cent., compared with 68.276 per cent, on January 18. Sterling exchange shows a further increase of £208,012, now standing at £17,901,993. Advances to the State dairy industry account lotal £6,109,698, a further advance of £146,535. Advances to the State for “other purposes’’ arc unchanged at £1,800,000. Gold remains at £2,801,790. Subsidiary coin amounts to £154,474, a decrease of £644. Investments at £3,159,850 show a slight decrease of £4465. Other assets amount to £86,239, an increase of £13,504. Tho note issue continues to contract after the holiday period, and now stands at £13,068,392, a decrease of £144,098. Demand liabilities to tho State stand at £5,039,524, an incroaso of £704,676. The trading banks’ reservo balances total £11,887,286, an increase of £826,202. Other demand liabilities show a big decrease of £1,024,699, and now amount to £385,698. Other liabilities at £133.145 are up by £B6O. Tito statement balances at £32,014,045, an increase of £362,941.

1. General reserve fund ... £ 1.50U.00O s 0 d 0 2. Bank-notes 13,068,392 10 0 jl/cijiHitu .labiliLies — (a) State 5,033,524 4 9 (b) Banks 11,887,285 10 5 (c) Other 585,698 5 4 4. 5. 6. 'l line deposit* Liabilities in currencies other than i\.Z. currency ........ Other liabilities 133,144 16 11 £32,014,045 7 5 7. ASSETS Reserve— £ a a (a) Gold 2,801,790 0 0 (b) Sterling exchange 17,901,993 8 9 8. icj Gold exchange Subsidiary coin 154,474 8 8 ib. Discounts— (a) Commercial and agricultural bills ... (b) 'ireasury and local body bills Advances — (a) To the State or State undertakings— fl) Dairy industry account 6,109,698 5 6 (2) 1? o*” other purpose:} 1,800,000 0 0 ii. ;b) To other public authorities (c) Other Investments 3,159,850 0 0 J .L. 13. 1X1 11K moldings Other assets 86,239 4 6 £32,014,045 7 5