RESERVE BANK

Wanganui Chronicle, Volume 79, Issue 109, 9 May 1936, Page 10

RESERVE BANK

Decrease in Sterling Exchange NOTE ISSUE HIGHER I ■ | The weekly statement of assets and /liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, May 4, is as follows: I Liabilities

Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 97.97 per cent., compared 'with. 98.232 per cent, on April 27. A decrease of 309,155 brings the total of sterling exchange down to £23,915,44. Gold remains unchanged at £2 801.733. Sbsidiary coin totals £203,195. a reduction of £2595. Investments at £1.815,387 show a small de crease of £207. Other assets have increased bv £45,698 to a total of £112,P 34. The note issue totals £10,257,463, an increase for a week of £17,216. Demand liabilities to the State total £B,476.857, a decrease of £107,407. A reduction of £174.926 in trading banks’ call deposits brings that item down to £8,409,673. Other demand liabilities total £126,509, an increase of £23,114. Other liabilities at £77,290, show a decrease of £24,257. The statement balances at £28,847.793 10s sd, a decrease of £266,259 6s sd.

1. General Reserve £ s d fund 1,500,000 0 0 2. Bank notes . . .. .9,257,463 0 0 3. Demand liabilities— (a) State 8,470,857 6 3 (b) Banks 8,409,673 11 0 (c) Other 126,509 5 6 4. Time Deposits — 5. Liabilities in currencies other than N.Z. currency .. .. — 6. Other liabilities .. 77,290 7 8 £ 28,847,793 10 5 Assets 7. Reserve— £ s d (a) Gold 2,801,733 0 0 (b» Sterling exchange -‘3,915,444 7 7 c) Gold exchange -— 8. Subsidiary coin .. 203.191 17 5 9. Discounts— (a) Commercial and Agricultural bills (b) Treasury and local body bills 10. Advances— (ai To the Slate or State undertakmgs —- (b) To other public authorities .. — . — 11. 1 nvestments .. .. J S15 387 9 9 12. Bank buildings .. — 13. Other assets .. .. 112,033 15 8 £ 18,847,793 10 5