RESERVE BANK
NOTE ISSUE HIGHER. The sterling exchange funds of the Reserve Bank on August 1-1 totalled £32,075,192, a decrease of £175,339. The note issue at £37,689,693 shows an increase of £192,107. The statement, as at Monday, August 14, is ns follows: I T A t»TT ITT!,’?
Proportion of reserve to notes and other demand liabilities, 4'0.385 per cent., compared with 40.741 per cent, on August 7. The reserve on August 14 was £34,868,133, a decrease cf £ 115,894. A year ago the reserve was £27.733,133. Sterlii-v exchange on August 14 amounted to £32,075.192, a decrease of £175,339. Liabilities in currencies other than New Zealand currency totalled £8936 (a decrease of £59,445), thus making the bank's net overseas assets £32,066,256, compared with £32,182,150 on August 7. a decrease of £115,894. A year ago these assets were £24,921,256. Advances to the State Marketing Department total £4.473,287, an increase of £526.773. A year ago they were £6,280,234. Advances to the State for other purposes remain unchanged at £35,8*35.000, against £36,853,* 000 a year ago. The note issue on August 14 totalled £37,689.693, an increase for the week of £102,197. A year ago it was £33,'086,034, and two years ago £26,419,847. Demand iiabilitio to the State amount to £ 10,1C4,3'2J, a decrease of £779,838. The trading bank:/ reserve balances total £37,166,447, an increuse of £779,391. Other I liabilities at £1,317,926 have increased by | £366.930. The statement balances at £89,738,135, an increase of £417.639.
LIABILITIES. £ a. d. General reserve fund 1,500,000 0 0 Bank notes 37,889.693 10 ■o Demand liabilities — 10,164,321 6 6 (b) Banks 37,166.447 3 (c) Other 1.317,925 16 o Liabilities other than in N.Z. 8.935 12 4 Other liabilities ■ • • 1,890,811. 8 £(N.Z.)89,738.134 17 2 ASSETS. Reserve— £ ». d. (a) Gold 2,801,877 10 1) (b) Sterling exchange .. • 32,075,192 7 11 47,523 12 8 Advances to th? State — (J) Marketing Dept 4,473,987 5 9 (2) For other purposes .. 35,885,000 0 0 11,736,055 8 6 Other assets 2,71'3,948 12 4 £(N.Z.)89,738J34 17 2
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Bibliographic details
Wanganui Chronicle, Volume 88, Issue 203, 25 August 1944, Page 6
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326RESERVE BANK Wanganui Chronicle, Volume 88, Issue 203, 25 August 1944, Page 6
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