THE RESERVE BANK.

Waikato Times, Volume 119, Issue 19816, 21 February 1936, Page 7

THE RESERVE BANK.

DECREASE IN NOTE ISSUE. •REDUCTION IN EXCHANGE. (Qy Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Banlc return for the week ended Monday, February 17, was gazetted to-night. The statement is balanced at £27,295,634 or £106,594 less than at the close of the previous week. A further decrease of £112,725 in the level of the note issue has occurred, this continuing the downward movement from the peak reached during the holiday season. Government deposits have increased by £161,851, those of the trading banks "have fallen by £41,234. The item, liabilities in currencies other than New Zealand has again disappeared from the return, after having stood at £124,000 for a fortnight. On the assets side the only change of any size is a reduction of £104,058 in the level of the sterling exchange The statement with variations compared with the week before is as follows :

Proportion of reserve to notes and other demand liabilities, 98.544 per cent. (98.531 last week).

LIABILITIES. t Variation 1. Capital £500.000 Same 2. Gen. reserve 1.000,000 same 3. Bank notes . 9,851,037 110705* 4. Demand liabilities— (a) State .. 5,292.141 101851 + (b) Banks .. 10,448,022 41034; (C) Other . . 83,117 s!s84t 6. Liabll. lir cur- ’ ' rencles other than N.Z pi nnn . 7. other liabil. 125,987 ' ’G30f T°tal £27,295,03 1 ~£7oc~597* ASSETS. 8. Reservo— (a) Gold ... £2,801,733 'nine (b) Sterl. Ex. 22.494.i03 104 058* 9. Subsld. coin 191.853 1! • 12. Investment 1,770.060 14. Other assets 31,585 932* Tolal £27,295,634 £106,591t iliglier. -Lower.