RESERVE BANK
increase In Sterling Exchange ADVANCES TO STATE LOWER' The weekly statement of assets and j liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, March 14, is as follows: Liabilities.
Proportion of reserve (No. 7 less No. 5) to notes and other demana liabilities, 72.042 per cent., compared with 66.019 per cent, on March 7. An increase of £1,005,021 is shown in sterling exchange, which amounts to £16,622,137. Gold remains at £2,801,791, and subsidiary coin totals £229,770, an increase of £132. Advances to (he State Primary LTo-j ducts Marketing Department total! £5,674,966, a decrease of £502,997. Au-1 vances to the State for other purposes! do not appear in the present state-1 ment, the amount of *-1 300,000 pre-! viously shown having been repaid. | Investments amount to x 2,971,985, j an increase of £1362. Other assets at £104,977 show a decrease ot £141,600. > The note issue is again lower, this| week’s total of £13,566,820 slipwing a] decrease of £27,152 State deposits total £7,858,595, a de crea.se of £867.218. The trading hanks'l i reserve balances amount (o £5.263,051,' a further deci ease of Lilb.oOG. <'th<‘; demand liabiillies amount (<» £273,283, an increase of £76.552. Older liabilities al £193.872 show' a decrease of £757. Tiic statement balances a : 125.G55,626, a decrease of £938,0.? 1.
£ s. d. 1. General res. fund 1,500,000 0 0 2. Bank notes 13,566,820 10 0 3. Demand liabilities--(a) State 7,858,595 10 1 (b) Banks 5,263,054 9 8 (c) Other 273,283 4 3 4. Time deposits 5. Liabilities in currencies other than New Zealand currency . .. 6. Other liabilities 193,872 11 5 1'28,655,626 O 9 — Assets. 7. 0 -- £ s. d. (a) Gold 2,801,791 0 0 (b) Sterling exchange 16,622,137 3 7 (c) Gold cxch 8. Subsidiary coin 229,779 9 1 9. Discounts— (a) Commercial & agricultural bills - — <b) Treasury and local body bills 10. Advances— (at To the State or State undertakings: ll) Primary Products Marketing dept. 5,674,966 1 (2) h or.other purposes (b) To other public authorities (c) Other 250,000 0 0 11 Investments 2,971,984 18 0 12. Bank buildings .. 13. Other assets 104,976 ±2 0 — _. — £28,655,626 5 -
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 66, 19 March 1938, Page 15
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355RESERVE BANK Wanganui Chronicle, Volume 80, Issue 66, 19 March 1938, Page 15
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