RESERVE BANK.
STERLING EXCHANGE INCREASES. STATE DEPOSITS HIGHER. The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, February 28, is as follows: — LIABILITIES.
Proportion of reserve (No. 7 less _ No. 5) to notes and ether demand liabilities, 68.804 per cent., compared with 68.486 per cent, on February 21. Sterling exchange is building up again, this week’s total of £17,248,505 showing a further increase of £575.901. Gold remains at £2,801,791. Subsidiary coin at £215,955 shows a reduction of £1522. Advances to the Primary Products Marketing Department show a decrease of £285,209, tiro 'total amoun now being £5,973,921. Advances to the State for other purposes now total £1,300,000, an increase of £200,000. Investments 'amount to £2,970,623, an increase of £10,629. Other assets at £324,289 show an increase of £205,634. The note issue shows a further small decline of £17,667. Demand liabilities to the State at £7,092,068 show a large increase of £2,168,600. The trading banks’ reserve balance amounting to £8,168,958 has decreased by £1,205,310. Other demand liabilities at £107,670 are
lower by £240,102. Other liabilities show little change. The statement balances at £30,835,084; an increase of £705,432.
£ 5 d 1. General reserve fund ... 1.500.000 0 0 2. Bank notes 13,772,088 0 0 3. Demand liabilities — (a) State 7,092.068 6 8 (b) Banks 8,168,957 15 10 (c) Other 107,669 14 4 4. Time deposits —■ 5. Liabilities ip currencies other than N.Z. currency — 6. Other liabilities 194,299 16 0 £30,835,083 12 ASSETS. 10 7. Reserve — £ s d (a) Gold 2.801.791 0 0 (b) Sterling exchange . 17.248.504 19 ic) Gold exchange ■ -.5 8. Subsidiary com 2it>,y54 12 9 9. Discounts— (a) Commercial and agricultural bills ... — (b) 'treasury and local body bills — 10. Advances — (a) To the State or State undertakings: (1) Primary Products Marketing Dept 5,973,921 4 (2) Kor other pur9 poses 1,300,000 0 tb) To other publio authorities — (e) Other — 0 11 Investments 2,yY0,b25 1 4 12. Bank buildings — 13. Other assets 324,288 14 7 £30,835,083 12 10
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https://paperspast.natlib.govt.nz/newspapers/MS19380304.2.64
Bibliographic details
Manawatu Standard, Volume LVIII, Issue 81, 4 March 1938, Page 5
Word Count
337RESERVE BANK. Manawatu Standard, Volume LVIII, Issue 81, 4 March 1938, Page 5
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