THE RESERVE BANK.

Waikato Times, Volume 116, Issue 19450, 14 December 1934, Page 8

THE RESERVE BANK.

BALANCED AT £28,303,679,

GOLD RESERVE UNCHANGED

WELLINGTON, Thursday,

The Reserve Bank return for the week ended December 10 was gazetted to-night. The statement is balanced at £28,303,679, or £19,811 more than last week. The note issue has decreased by £93,290, compared with the level a week earlier. Government deposits have risen £798,414, while the deposits of the trading banks are £690,826 lower.

The gold reserve remains unchanged at £3,001,700. Sterling exchange has decreased by £8069, but, subsidiary coin stands £13,150 higher and investments have increased by £11,512. The statement with variations compared with the week before is as follows : LIABILITIES. Variation. 1. Capital £500,000 Same 2. Gen. reserve . 1,000,000 Same 3. Bank notes . . 9,555,008 93,290* •i. Demand liabilities—(a) State 7,205,0 IS 798,4141 (b) Banks ... 9,900,502 690,820* (c) Ollier ... 0,050 2,4441 7. Ollier liabilities 40,3 15 3,0091 Total £25,303,679 £ 19,S llt ASSETS. S. Reserve — (a) Gold .... £3,00 1,731 Same (b) Sterl. Ex. 23,5 14,101 8,060* 9. Subsidiary coin 97,399 13,150} 12. Investment .. 1,628,2-25 1 1,5 1-2} 14. Other assets .. 30,223 3,21 S} Total . £25,303,679 £19,811} } Higher. * Lower. Proportion of reserve to notes and other demand liabilities, 99.J8 per cent. (99.27 last, week).