RESERVE BANK

Wanganui Chronicle, Volume 80, Issue 133, 7 June 1937, Page 11

RESERVE BANK

Sterling Exchange Increasing DAIRY ADVANCES LOWER r lM®.. weekly of assets and liabilities of the Reserve Bank of New ( . m a snd5 nd at the close of business on [Monday, May 31, is as follows:

Proportion of reserve (No. 7 less No. 5) is notes and other demand liabilities, 79.866 per cent., compared with 78.969 per cent, on May 24. Another large Increase of £609,839 is shown in sterling exchange, which ' now amounts to £22,327,095. Since May 3 sterling exchange has increased by £2,189,195. Gold remains unchanged at £2,801,791. Subsidiary coin, at £111,624, shows a decrease ot £BO6. Advances to the State dairy industry account show a further decline of £200,453, the total now being £4,673.119. Advances to the State for other purposes remain unchanged at £2OO.- , 000. L Investments are unchanged at £2,906,450. Other assets total £67,160, a decrease of £2765. A decrease of £48,002 brings the note issue down to £12,974,590. Demand liabilities to the State total £7,383,790. an increase of £462,951. The trading banks’ reserve balances, at £10,133,953, show a decrease of £43,758. Other demand liabilities amount to £971.144. an increase of £39,7g4. Other liabilities total £123,761. a decrease of £5130. The statement balances at £33,087,239, an increase of £405,814.

Liabilities. 11. General Reserve £ d. ! fund 2. Bank notes 1,500,000 12,974,590 0 10 0 O. Demand liabilities(a) State 7 383 790 (b) Banks 10,133'952 18 6 <c) Other 4. Time deposits ... 5. Liabilities in currencies other than N.Z. currency 6. Other liabilities 123,761 8 11 £33,087,238 19 8 Aneta 7. Reserve— i c. d. (a) Gold 2,801,791 0 0 <b) Sterling exchange 22,327,094 13 & (c) Gold exchange 8. Subsidiary coin 111,624 1 9. Discounts— (a) Commercial & agricultural bills <b> Treasury and local body bills 10. Advances— <a) To the State or State undertakings— <1) Dairy Industry account . 4,673,119 10 10 12) For other purposes 200,000 0 0 (b) To other public author!ties _ (c) Other 11. Investments 2,906,450 0 0 12. Bank buildings 13. Bank buildings 67,159 14 1 £33,087,238 19 8