RESERVE BANK RETURN
STEELING £89,500 HIGHER
DEPOSITS UP £436,000 The Reserve Bank return for the week ended Monday, February 13, has been gazetted. The statement is balanced at £29,5.47,028, or £291,309 more than at the close of the previous week. The reserve of sterling exchange has increased by £89,545 compared with the level a week before. Deposits have, however,' increased by £436,159, and the note issue has decreased oy £95,343. The net result of these movements is that the ratio of reserve to notes and other demand liabilities remains almost unchanged at 25.073, against 25.074 the week before.
Advances have increased toy £177,919, those to the Primary Produce Marketing Department'by £77,919 and other advances by £IOO,OOO. The latter now stand at the record level of £12,050,000.
The principal item in last week's return-ate compared with,those at the corresponding date last year in the following table:— (000's omitted) 1939 1938 Variation £ £ £
Notes - Deposits— 15,111 13.967 4,375 1,144 —870 State . . 3,505 (Banks .. 9,030 9,503 —533 Exchange . Advances— 4,104 10.402 —12,238 -1-315 Produce . 0,552 0.237 Other .. Ratio < p.c.) 12,050 25.073 1,100 08.438 | 10,950 —43.305
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Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19868, 20 February 1939, Page 14
Word Count
181RESERVE BANK RETURN Poverty Bay Herald, Volume LXVI, Issue 19868, 20 February 1939, Page 14
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