THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20230, 26 June 1937, Page 11

THE RESERVE BANK.

FALL IN NOTE ISSUE. GOVERNMENT DEPOSITS LOWER. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Rank return for the week ended Monday, June 21, was gazetted to-night. The statement Is balanced at £32,195,148 or £.0,897 more than at the close of the previous week. A fall of £83,469 in the value of the note issue is disclosed. Government deposits are £464,627 lower, while those of the trading banks have increased by £518,965. Other demand liabilities have increased by £65,636. The sterling exchange reserve Is £52,846 higher in value than It was a week before. Advances to the Dairy Industry Account have fallen by £2 6,010, while other assets are £10,713 higher. The* statement with variations compared with the week before is as follows : Liabilities. Variation 1. Gen. reserve . 1.500.000 Same 2. Bank notes .. 12,759,091 -83,469 3. Demand liabilities—(a) State 7,642,107 -464,627 (1>) Banks 0.811.7G8 t 518,065 6. Other liabilities 132,065 14i392 Total ...... 32,195,1 18 t -10,807 Assets. '(a) Gold 5.50 1,7 91 Same (b) Sterling Ex. 2 1,17 7,218 132,846 8. Subsidiary coin 109,155 -2,652 10. Advances—1. Dairy Industry Account ... 4,906,3 1! -26,010 2. For other purposes ... 200,000 same 11. Investment .. 2,906.450 Same 13. Other assets .. 93,893 116,713 Total 32,195,118 t 10,897 Proportion of reserve to notes and other demand liabilities, 78.457 per cent. (78.3 78 last week).