RESERVE BANK

Wanganui Chronicle, Volume 79, Issue 228, 28 September 1935, Page 15

RESERVE BANK

NOTE ISSUE INCREASED • CHANGES IN DEPOSITS ’The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, September 23, is as follows: Liabilities £ nd 1. Paid-up copital .. 500,090 0 0 2. General Reserve Fund 1,000,000 0 0 3. Bank-notes .. .. 8,913,523 10 0 4. Demand liabilities—(a) State 9,751,865 18 3 (b) Banks 4,401,152 5 9 (c) Other 509,820 10 9 5. Time deposits .... 6. Liabilities in currencies other than N.Z. currency .. 7. Other liabilities .. 73,555 5 1 £25,149,917 9 10 Assets £ nd 8. Reserve—(a) Gold■ 2,801,732 10 0 (b) Sterling exchange 19,987,942 1 11 (c) Gold exchange 9. Subsidiary coin .. 221,317 18 3 10. Discounts (a) Commercial and agricultural bills (b) Treasury and local-body bills „ 11. Advances—(a) To the State or State undertakings (b) To other public authorities .... (c) Other 12. Investments .. .. 2,102,858 11 5 13. Bank buildings .. 14. Other assets .. .. 36,066 8 3 £25,149,917 9 10 Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities, 96.66 per cent., compared with 96.99 per cent, on September 16. There has been an increase of £133,180 in the note issue, bringing it up to £8.913.523. Government deposits at £9,751,865 show a reduction of £515,529, probably interest disbursements; while the trading banks’ depoits at £4,401,1.52 show an increase of £582,806. Other demand liabilities havo decreased by £194,158, the total now being £509,820. Other liabilities are £205 lower at £73,555. On the assets side, sterling exchange is practically unchanged nt £19,987,942. an increase of £79. Gold at £2,801,732 lo.s and investments at. £2,102,858 Ils 5d remain unchanged. Subsidiary coin totals £221,318, an increase of £4279. Other assets at £36,066 show an increase of £2035. The statement balances at £25,149,917 9s LOd, an increase of £6393 4s.