RESERVE BANK.
HIGH LEVEL OF NOTE ISSUE. STERLING EXCHANGE RISES. The weekly statement of assets and liabilities of the Reserve Bank of New Zealand, as at Monday, April 18, is as follows : LIABILITIES.
Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 79.631 per cent., compared with 78.519 per cent on April 11. A further increase of £401,624 brings the total amount of sterling exchange up to £17,471,699. Gold still stands at £2,801,791. Subsidiary coin totals £226.752, a decrease of £1517. Advances to the Primary Products Marketing Department total £4,238,334, a further decrease of £267,843 Investments remain unchanged at £2,423.525. Other assets amount to £102,027, an increase of £32,345. The note issue amounts to £14,027,409, a-further increase of £89,774 to meet Easter holiday currency demands. Demand liabilities to the State total £5,750,039, an increase of £167,452. The trading banks’ reserve balances amount to £5,490,457, a decrease of £146,076. Other demand liabilities at £191,249 show an increase of £40,542. Other liabilities total £304,974, an increase of £13,518. The statement balances at £27,264,128, an increase of £164,609.
1. General reserve fund ... £ s 1,500,000 0 d 0 2. Bitnk notes 14,027,409 0 0 3. Demand liabilities — (a) State 5,750.038 14 4 (b) Banks 5,490,457 10 0 (cj Other , 191,248 15 10 4. lime deposits — £>. 6. Liabilities in currencies other than N.Z. currency Other liabilities 304,973 17 4 £27,264,127 17 6 7. ASSETS. Reserve— (a) Gold 2,801,79 1 0 0 (b) Sterling exchange . 17,471,698 15 3 8. (c) Gold exchange Subsidiary coin 226,751 12 4 9. 10. Discounts— (a) Commercial and agricultural bills ... (b) Treasury and local body bills Advances — (a) To the State or State undertakings: (1) Primary Products Marketing Dept 4,238,334 6 2 11. (2) For other purposes : (b) To other Public Authorities . (c) Other Investments 2,423,525 0 0 12. Bank building — 13. Other assets 102,027 3 9 £27,264,127 17 6
Permanent link to this item
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Bibliographic details
Manawatu Standard, Volume LVIII, Issue 121, 22 April 1938, Page 5
Word Count
314RESERVE BANK. Manawatu Standard, Volume LVIII, Issue 121, 22 April 1938, Page 5
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