RESERVE BANK
I NOTE ISSUE AT HIGH LEVEL ( FURTHER ADVANCES TO STATE The weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, December 13, is as follows: Liabilities.
Proportion of reserve No. 7 less No. 15) to notes and other demand liabilities, 72.563 per cent., compared with 73.89 per cent, on December 6. There are several interesting features in the latest return. The note issue has advanced by another 409,972 an increase of over £1,000,000 in a fortnight. The total is now £14,375,315, which is nearly £1,500,000 higher than a year ago. Demand liabilities to the State total £4,902,074. an increase of £104,308. The trading banks’ reserve balances amount to £6,486,431, an increase of £249,126. Other demand liabilities at £759,265 show an increase of £62,837 Other liabilities total £163,078, an increase of £5749.
Sterling exchange at £16,443,588 shows an increase of £258,661. Gold remains unchanged at £2,801,791. Subsidiary coin at £162,336 is lower bj £621.
Advances to the State dairy industry account total £5,040,592, an in crease of £352,609. Advances to the State for other purposes have increased by £200,000, and now amouni to £900,000. Other advances are unchanged at £lOO,OOO. Investments at £2,658,325 show no change. Other assets total £78,530, an increase of £21,344.
The statement balances at £28,185, 163, an increase of £831,993.
£ s. d. 1. General res. fund 1,500,000 0 0 Bank notes 14,374,315 10 0 3. Demand liabilities— (a) State 4,902,074 0 1 1 (b) Banks 6,486,430 14 11 (c) Other 751,264 12 j 4. Time deposits — 5. Liabilities in currencies other than New Zealand currency . . 6. Other liabilities ... 163,077 18 1 £28,185,162 17 u Assets. 7 Reserve— £ d. (a) Gold (b) Sterling ex2,801,791 0 0 change 16,443,588 6 (c) Gold cxch — 8. Subsidiary coin 162,335 16 9. Discounts— (a) Commercial & agricultural bills (b) Treasury and local body bills 10 Advances— (a) To the State or State undertakings: Cl> Dairy industry a/c ... 5,040,512 (2) For other purposes 900,000 0 q Cu) To other publie authorities (c) Other 100,000 0 0 11 Investments 2,658,325 0 0 12. Bank Buildings ... — 13. Other assets . . .. 78,530 3 0 £28,185,162 17 0
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 15
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363RESERVE BANK Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 15
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