RESERVE BANK

Waikato Times, Volume 122, Issue 20421, 11 February 1938, Page 8

RESERVE BANK

LATEST RETURNS (By Telegrapn.— Press Assoc*ation) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, February 7, was gazetted to-night. The statement is balanced at £29,292,120 or £674,964 less than at the close of the previous week.

Government deposits have risen by £357,154, compared with the week before, while those of the trading banks are £319,058 lower. The note issue, continuing the steady fall since Christmas, is £172,071 lower. Other demand liabilities have decreased by £536,868. The sterling exchange reserve has fallen £529,952 in value during the week. Advances to the Dairy Industry Account are £163,664 lower. The investment item has risen by £26,351. The statement with variations com-

vi tn van at ons compared with the week before is as follows:— LIABILITIES Variation £ £ 1. General reserve . 1,500.000 Same 2. Bank note? . . . 1 4.067,973 3. Demand liabilitle (a) State 3,859,650 + 357,1 54 ( b ) Banks .... 9,485,512 -319,958 (r) Other 156,299 -536,86S 6. Other liabilities 1 92.686 -3,221 Total 29,292,120 -674,964 ASSETS 7. Reserve— <a) Gold 2,801,791 Same ' b i St*rltnsr Ex 1 5,700,699 -529,952 8. Subsid. coin . . . 218,1 48 + 1.057 10. Advances— 1. Dairy Industry Account .... 6,460,102 -163,664 2. For other pur1.100.000 Same 11. Investment .... 2.941.004 + 26,351 13. Other assets .. 70,376 -8,756 Total 29,292,120 -674,964 Proportion of reserve to notes and other demand liabilities, 6“ .039 per cent (67.321 last week).