N.Z. RESERVE BANK
FALL IN NOTE ISSUE REBERVE EXCHANGE LOWER *By Telegraph—praas Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, January 30. was gazetted to-night. The statement is balanced at £28,618,260, or £33,162 less than at the close of the previous week. The reserve of sterling exchange is £261,940 lower than it was the week before. The ratio of reserve to demand liabilities has again fallen below 26 per cent, being 25.75, or only .75 per cent above the statutory minimum. Advances to the Primary Produce Marketing Department have increased by £291,453. Other items on the assets side of the statement remain substantially unchanged. The note issue continues its fall from the holiday peak, being £172.470 lower this week. Government deposits are £165,915 lower, while those of the trading banks have increased by £204,862. The statement with variations compared with the week before is as follows : Liabilities Variation
Total 28.618,260 -33,162 Proportion of reserve to notes and other demand liabilities, 25.75 per cent (26.695 last week). The principal items in this week’s return are compared with those at the corresponding date last year in the following table:— (000’s omitted)
f £ General reserve ... 1.506.000 Same Rank notes 15,365,858 172,470 Demand liabilities— State 2,623.551 -165.915 Ranks 8,587,300 + 204,862 Other 262,161 + 98.151 Other currencies .. 24.248 +931 Other liabilities ... 255,1 42 +1,279 Total 28,618,2(0 33,16! Assets Reserve — Gold 2,801,791 Same Sterling- Ex. .. 4,133,586 -261,940 Subsidiary coin ... 195,783 +3,277 Rills 500,000 Same Advances— Marketing- 6,158,160 1201,663 Other 1 1.000,000 Same Investment 3,633,816 +30,516 Other assets 95,1 15 96,468
193 9 19 3 8 Variation £ £ £ Notes 15,366 1 4,240 +1,126 Deposits — ptate 2.624 3.532 -908 Banks .... 8,587 9.805 -1,218 Exchange ... 4,1 34 16,231 -19,097 Advances— .Produce .. 6,158 6.633 -475 Other .... 1 1,100 1,100 fio.ono Ratio ft). C.) . 25.75 67.321 -41.571
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Bibliographic details
Waikato Times, Volume 124, Issue 20721, 3 February 1939, Page 10
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298N.Z. RESERVE BANK Waikato Times, Volume 124, Issue 20721, 3 February 1939, Page 10
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