RESERVE BANK

Wanganui Chronicle, Volume 79, Issue 277, 23 November 1936, Page 11

RESERVE BANK

Stirling Exchange Increases DAIRY ADVANCES HIGHER The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, November 16, is as follows: Liabilities. £ s. d. 1. General reserve fund 1,500,000 0 0 2. Bank n0te511,686,236 lu U 3. Demand liabilities (a) State 3,608,475 18 1 (b) Banks 8,915,823 8 u (c) .Other 594,835 4 8 4. Time deposits 5. Liabilities in cur- ’ rencies other than N.Z. currency 6. Other Liabilities 114,039 12 9 £26/119,410 13 11 Assets. £ s. d. 7. Reserve—(a) Gold 2,801,788 10 0 (b) Sterling exchange 16,634,099 0 0 (c) Gold exchange 8. Subsidiary coin 143,098 0 0 9. Discounts—(a) Commercial & agricultural bills (b) Treasury and local body bills 10. Advances—(a) To the State or State undertakings— (l) Dairy Industry account . .. 3,734,460 2 9 (2) For other purposes 700,000 0 0 (b) To other public authorities (c) Other 11. Investments 2,312,430 16 2 12. Bank buildings 13. Other Assets 93,534 2 4 £26,419,410 13 11 Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 78.353 per cent., compared with 78.714 per cent, on November 9. Sterling exchange has increased by £273,354, the total now being £16,634.099. Advances to the Stale dairy industry account total £3,734,460, an increase of £142,166. There is an increase of £25,082 in investments. Others assets amount to £93,534, an increase of £28,273. The note issue at £11,686,236 shows a further increase of £21,105. Demand liabilities to the State arc lower by £194,497, the total now being £3,608,476. The trading banks’ reserve balances total £8,915,823, an increase ol £361,530. Other demand liabilities at £594,835 show an increase of £272,993. Other liabilities amount to £114,039, an increase of £4840. The statement balances at £26,419,410, an increase of [ 163.971