RESERVE BANK

Wanganui Chronicle, Volume 79, Issue 63, 14 March 1936, Page 15

RESERVE BANK

BIG RISE IN STATE DEPOSITS ] STERLING EXCHANGE HIGHER The weekly statenrent of assets and liabilities of the Reserve Bank of New i Zealand as at the close of business on i Monday f March 9, is as follows: ! Liabilities. £s d ; 1. Paid-up capital .. 500,000 0 0 ’ 2. General reserve fund 1,000,000 0 0 3. Bank notes ~ .. 9,859,877 0 0 4. Demand liabilities — (a) State 8,508,649 8 11 . (b) Banks 9,404.810 10 9 (c) Other 82,826 18 3 5. Time deposit?- .. . 6. Liabilities in currencies other than N.Z. currencv .. .. 7. Other Liabilities .. 131,717 19 11 1 £29,487,881 17 10 1 Assets 8. Reserve— £ s d (a) Gold 2,801,733 0 0 (b) Sterling Exchange 24,663,799 0 3 (c) Gold exchange 9. Subsidiary coin . . 197,191 16 5 10. Discounts—(a) Commercial & agricu 11 ur a 1 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 .. .. 1,784,342 17 5 13. Bank Buildings .. 14. Other Assets .. . 40,815 3 11 £29,487,881 17 10 Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities, 98.597 per cent., compared with 98.392 per cent, on March 2. The principal change in this week’s return is a large increase of £1,393,179 in the bank’s call liabilities to ths State, which now stands at the high level of £8,508,649. The trading banks’ call funds total £9,404,810, a decrease of £729,154. The not issue at £9,859,877, shows a decrease of £33,912. Other

demand liabilities total £82,827, an increase of £7790. Other liabilities stand at £131,718, an increase of £5146. On the assets eide, sterling exchange shows a further increase of £684,699, the total of £24,663,799 representing a total increase of about. £2.184,000 during the last three weeks. Gold remains > unchanged at £2,801,733. Subsidiary i coin totals £197,192, a small decrease of ■ £332. Investments at £1,784,343 are higher by £2419. Other assets at £40,- ' 815 show a decrease of £43,737. ! The statement balances at £29,487,i,- 881 17s 10d, an increase of £643,048 jr 17s 4d.