RESERVE BANK
WEEKLY SUMMARY. STERLING EXCHANGE INCREASE. The Reserve Bank returns for the week ended October 8, gazetted last night, shows a statement balanced at £29,405,767, or £1,235,466 less than last week. The principal movement in the liability has been a decrease of £1,858,174 in.the deposits of the trading banks. State deposits have increased by £613,911. Other changes are nominal. On the assets side, sterling exchange lias increased, £1,233,861, by far the largest movement in any week since the Reserve Bank opened. The gold holding, after the fall of £500,000 shown in last week’s return, remains without further change. The statement, with variations compared with previous weeks, is as follows: Liabilities.
Proportion of reserve to notes and other demand liabilities 99.46 per cent (99.40 per cent last week).
Variation £ £ 1. Capital 500,000 same 2. General reserve 1,000,000 same 3. Bank notes . 8,699,207 2,155* 4. Demand liability— (a) 1 State 3.076,800 613.911t (b) 10,106,625 1,858,174* (c) Other 1,270 2,040* 7. 21,865 12,9521 Totals 29,405,767 1,235,466* Assets. 8. Reserve — (a) Gold 3,851,727 same (b) Sterling exchange .. 23,883,428 1,223,861* 9. Subsiduary coin 122,014 696* 12. Investment . 1,500,000 same 14. Other assets 48,498 10,909* Totals 29,405,767 1,235,466* t Increase, * Decrease.
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https://paperspast.natlib.govt.nz/newspapers/NA19341013.2.115
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Northern Advocate, 13 October 1934, Page 12
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196RESERVE BANK Northern Advocate, 13 October 1934, Page 12
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