RESERVE BANK REPORT

Wanganui Chronicle, Volume 86, Issue 69, 23 March 1942, Page 1

RESERVE BANK REPORT

STERLING EXCHANGE HIGHER The sterling exchange funds of the Reserve Bank of New Zealand last Monday totalled £19.713.824. an increase for the week of £683.230. The note is’ue at £23.555.235. shows ■n increase on the previous week of £205,247. The "t’-tement as at the close of business or* Mondry. March 16. i» as follows: LIABILITIES £ s. d. General Reserve Fund .. .. 1.500,000 0 0 Bank Notes 23,555,235 10 0 Demand Liabilities—(a) State .. 15,049,034 22 •bl Banks .. 15,305.666 1 3 •c) Other 3' 15 2 Liabilities ether tnan in N.Z. currency 32,954 11 8 Other Liabilities 1,238,351 3 5 £( N.Z. >57.079.6-84 3 8 ASSETS. Reser, e— £ s. d. (a • Gold -- 2,801.877 10 o (b) Sterling Exchange . 19,713.824 9 7 Subsidiary Coin 72,169 3 6 Advances — (a) To the State—•l> Marketing Dept. . ’*.37 8,607 13 11 •2> For other ; . Investments .. 4,153.014 13 11 Other Assets .. .. 1,210,190 12 9 £(N.Z.)57,079,684 3 8 Projortion of re.-erve to notes and other demand iiabilitiefi 41.398 per cent., compared with 38.759 per cent, on March 9. The reserve last Monday amounted to £22.482,716, compared with £21.595,915 on March 9. an increa: e of £"6.831. A year aj?o the reserve totalled £23,134,337. Sterling exchange last Monday amounted to £19,713,824, compared with £19,030,594 on March 9, an increase < f £6.*3,230. Liabilities in currencies? other than New Zealand currency were £32.»a decrease of £203,601), thus making tne bank’s net overseas assets £19.680,869. an increase for the week of £586,831. A year ago these assets totalled £20.332,464. The bank’s gold holding remains unchanged at £2.801,877, Subsidiary • oin is shown at £72.169, a decrease of £2652. Advances to the State Marketing Department total £8.378.66', a sharp increase ot i £2.762.736. A year ago the.-e advances were ' £2.851.959. Advances to the State for other | purpose* total £2".750.00“, a decrease of I £5.00V. A yea ago they totalled £l5.at £4.153.'*15 aie unchanged. | Other assets an * unt to £1.210,191, a decrease i of £61.699 The note is . last M • day totalled £2 .- A Demand liabilities to the Str.ie amount I to £15,049.034, i . of £4 ’The trading bank-' reserve balance* total £1.*..•"5.666, a 1 ■; increase for the week of ! I ■ es at £398 443 na c increased by £- , "2.669. Oth«*r Inhili’.c. total £1.238.351, a decrease of £4655. The -: -tern* t balances at £57.679,684, a =