BANK OF ENGLAND RETURN

Wanganui Chronicle, Volume 85, Issue 11, 14 January 1941, Page 3

BANK OF ENGLAND RETURN

NOTE CIRCULATION INCREASES. LONDON, Jan. 9. The Bank of England return for the week ended January 8 is as follows: Issue Department.

Notes Issued— £ In circulation 610,400,000 In banking dept. _ 19,800,000 £630,200,000 Government dept 11,000,000 Other Govt, securitiies 615,400,000 Other securities 3,600,000 Silver coin ..... — £630,000,000 Gold coin and bullion 200.000 £630,200,000 •Amount o£ fiduciary issue. Banking Department. Capital ..... £ 14,500,000 3,400,000 Rest ............ Deposits— Public 15,900,000 Bankers . 130,300,000 Other accounts 56,200,000 £220,300,000 Government securities 175,000,000 Discounts, advances 5,500,000 Older securities 21,200,000 Notes and coin 20,600,000 £220,300,000 Proportion o£ reserve o liabilities 10.16 per cent, compared with 6.07 per cent. last week. The principal items of return compare as follow the above with those of last week: — Jan. 1 Jan. 8. Deposits: £ Public ... 17.600.000 £ 15,900.000 Bankers .. 181,000,000 130,300,000 Other accounts ... 52,900,000 56,200,000 £251.300,000 £202,400,000 Securities: Government 224.800.000 173,000,000 Discts., advances - 5.600.000 5,500,000 Other secucities 23,600,000 24,200,000 Reserve 15.300.000 20,600,000 Notes circu'ln. 615,800,000 610,400,000 Gold coin & bullion .. 200,000 200,000 The Bank of England rate of discount is unchanged at 2 per cent.