RESERVE BANK

Wanganui Chronicle, Volume 79, Issue 281, 30 November 1935, Page 15

RESERVE BANK

GOVERNMENT DEPOSITS RISE. STERLING EXCHANGE HIGHER. The statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, November 25, is as follows: —

Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities, 99.126 per cent., compared with 99.16 per cent, on November 18. Bank notes issued have decreased by £48,918, the total now being £9,123,706. Crovei/.iment deposits have advanced to £5,717,084, an increase of £237,376. Trading banks’ deposits are down by £118,540, the item now standing at £5,256,643. Other demand liabilities at £341,336 have increased by £58,455. Other liabilities total £99,404, a decrease of £1250. On the assets side gold still stands at £2,801,733. Sterling exchange totals £17,458,573, an increase of £120,387. Subsidiary coin at £210,845 shows an increase of £2221. Investments at £1,540,899 shows an increase of £2456. I Other assets total £26,124, an increase ! of £2059. The statement balances at £22,038,174, an increase of £127,122 10s Id.

Liabilities 1. Paid-up capital .. £ 500,000 s 0 d 0 2. General Reserve Fund 1,090,000 0 0 3. Bank notes .. .. 9,123,706 0 0 4. Demand liabilities—■ (a) State 5,717,084 6 9 (b) Banks 5.256,643 5 1 (cj Other 341,336 11 3 5. Time deposits 6. Liabilities in currencies other than N.Z. currency .. .. 7. Other liabilities . . 99,403 17 6 £ 22,038,174 0 0 Assets £ s d 8. Reserve— (a) Gold 2,801,733 0 0 (b; {Sterling exchange .. . r 17,458,573 5 1 (c) Gold exchange 9. Subsidiary coin .. 210,844 19 1 10. Discounts— (a) Commercial & agricu 11 u r a 1 bills *(b) Treasury ami local-body bills 11. Advances— (a) To the State or State undertakings (b) To other public authorities (c) Other 12. Investments . .. 1.540,898 15 4 13. Bank buildings .. 14. Other assets . .. 26,124 0 6 22,038,174 0 0