Reserve Bank
Sterling exchange held by the Reserve Rank rose from £40,479.333 to £40.989.196 in the week ended January 18. In the same period the note issue fell from £56,663,707 to £53,724.222. The assets and liabilities of the Bank as at January 18, with the weekly averages of 1939 and 1948., were as follows: Week
Av. Av. ended (£N.Z. millions) Liabilities— 1939 1948 Jan. 18 Reserve funds 1.50 1.50 1.50 Bank notes Demand liabilities— 16. OS 51.31 55.72 State 2 77 11.38 6.70 Banks 10-75 81.52 other .08 Other currencies . . .03 .05 Other liabilities . Assets— Reserve— 4.41 Gold . 2 SO 2. SO Sterling 5.31 49.00 40.99 Subsidiary coin .. A-iTances to State- — .19 .15 3.64 Marketing 6.09 3.48 Other 13.59 3 < .63 47.18 Other advances .. ... .06 4.91 5.20 Investments 3.66 41.86 48.66 Cither assets 1.97 .61 * Ratio. D.c 27.01) 38.14 31.03 •Proportion of reserve to demand liabilities. notes and other
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19500201.2.15
Bibliographic details
Wanganui Chronicle, 1 February 1950, Page 3
Word Count
149Reserve Bank Wanganui Chronicle, 1 February 1950, Page 3
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