RESERVE BANK

Wanganui Chronicle, 1 September 1950, Page 10

RESERVE BANK

The Reserve Bank statement for the week ended August 23 shows that sterling exchange held by the bank at that date amounted to £56,253,487, compared with £57,413,574 seven days previously. The note issue amounted to £54,627,200 compared with £54.321,364. The assets and liabilities of the bank as at August 23, with the weekly average of 1939 and 1949, were as follows:

Av. Av. Week ended £N.Z. (millions) • 1939 1949 Aug. 23 Liabilities— Reserve funds 1.50 1.50 1.50 Bank notes . 16.08 51.31 54.63 Demand liabilities— State 2.77 11.38 12.12 Banks 10.75 73.84 70.39 Other .31 1.06 Other currencies . . .03 .07 Other liabilities .47 3.82 4.60 Assets — Reserve— Gold 2.80 ■< PO 4.39 Sterling . 5. .’’.I 49.00 56.25 Subsidiary coin .. 09 .19 .20 Advances to StateMarketing 6.09 3.48 3.50 other 13.59 37.63 53.00 Other advances (Hi 4.91 5.48 Investments 3.66 41.86 17.66 Other assets .17 1.97 3.89 ’'Ratio, p.c 27.00 38.14 43 89 ♦Proportion of reserve to notes and other demand liabilities.