THE RESERVE BANK

Waikato Times, Volume 118, Issue 18764, 20 December 1935, Page 2

THE RESERVE BANK

note issue higher. DECREABE IN DEPOSITS. NEW ITEM APPEARS. (By Telegraph —Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the ,-veek ended December 16 was gazetted to-niffht The statement is balanced at £26,047,512, or £21,368 more than last week. , . . „ The note issue, which has been rising steudilv in recent weeks, is again higher, ail increase of £412,027 bringing it to the exceptional figure of i; 10.391,443. State deposits have decreased by £563,784 and those of the trading banks by £39.409. Other demand liabilities are higher by £81,350. An item which lias not appeared in any previous return since the ban.v began operations appears under the heading “Liabilities in currencies other than New Zealand currency,’ the amount being £124,000. On the assets side sterling exchange shows the moderate increase of £40,680. Changes in the other items are of a minor character. The statement with variations compared with the week before is as follows : LIABILITIES.

1. Capital .... 2. Gen. reserve . 1.°° 0 - 000 3. bank notes .. 10,301,443 4. Demand liabilities — (a) State .... 5-0*>5,1i4 (b) banks .... 8,44 ,388 (c) Other .... 424,400 G. Liabilities in currencies other than N.Z 121,000 7. Otlier liabilities 111,098 Same Same 41 2,027t 503,784* 39,409* 81,3 3 0 T 12 4,0 0 01 7,204t Total £20,0 47,5 12 £21,308r ASSETS. 8. Reserve — (a) Gold .... (b) Sterl. \ Ex. 0. Subsid. coin . 12. Investment ... 14. Other assets . 2,801,733 21,464,474 199,832 1,547,703 . 33,710 Same 40,680t S,58 I * 3,5001 14,230* Total t Higher. £20,047,512 * Lower. £2 1,3 G 81 Proportion of reserve to notes and other demand liabilities, 99.299 per cent. (99*194 per cent, last week).