RESERVE BANK
DECREASE IN STERLING EXCHANGE STATE ADVANCES STEADY The weekly statement of assets and liabilities of the Reserve Bank of New J Zealand as at the close of business c : i Monday, August 8, is as follows: Liabilities.
Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities, 69.106 per cent., compared with 69.249 per cent, on August 1. Sterling exchange this week is at the lowest level seen since the Reserve Bank started business in August, 1934, the present total of £14,594,122 showing a further decrease of £728,186. Gold remains unchanged at £2,801,791. Subsidiary coin amounts to £227,389, an increase of £384. Advances to the Primary Products Marketing Department total £3,758,781, a decrease of £180,977. Advances to the State for other purposes are unchanged at £2,600,000. Investments remain at £2,732,065. Other assets amount to £63,622, a decrease of £8475. . Demand liabilities to the State show a decrease of £611,333, the total being £4,887,924. The trading banks’ reserve balances amount to £6,264,770, a decrease of £477,907. Other demand liabilities at £395,775, show an increase of £73,404. Liabilities in currencies other than New Zealand total £22,245, an increase of £17,205. Other liabilities amount to £115,021, a decrease of £10,998. The statement balances at £26,777,770, a decrease of £1,018,103.
£ s. d 1. Gen. reserve fund 1,500,000 0 0 2. Bank notes . 13,592,036 0 (j 3. Demand liabilities— (a) State 4,887,923 14 (b) Banks 6,264,769 15 (c) Other 395,775 □ 7 4. Time deposits — 5. Liabilities in currencies other than N.Z. currency 22,244 13 8 6. Other liabilities .. 115,020 17 0 £26,777,770 6 5 Assets. £ s. d. Reserve — (a) Gold 2,801,791 0 0 (b) Sterling change 14,594,121 15 7 (c) Gold exchange — 8. Subsidiary coin ... 227,388 15 8 9. Discounts— (a) Commercial and agricultural bills (b) Treasury and local body bills .. . 10. Advances — (a) To the State or State undertakings— (1) Primary Products Marketing Dept 3,758,781 11 4 (2) For other purposes 2,600,000 0 0 (b) To other public authorities . — (c) Other — 11. Investments 2,732,064 16 6 12. Bank buildings — 13. Other assets 63,622 7 4 £26,777,770 6 5
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 190, 13 August 1938, Page 15
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350RESERVE BANK Wanganui Chronicle, Volume 80, Issue 190, 13 August 1938, Page 15
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