THE RESERVE BANK

Waikato Times, Volume 125, Issue 20886, 18 August 1939, Page 9

THE RESERVE BANK

DECREASE IN LIABILITIES DROP IN DAIRY ADVANCES (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, August 14, was gazetted to-night. The statement is balanced at £31,305,159, or £118,732 less than at the close of the previous week. The sterling exchange reserve has increased to £5,431,119, or £280,165 more than the level on the previous Monday. Notes and other demand liabilities are lower, in the aggregate, by £56,888 than the total of the week before, a rise of £418,956 in the level of trading bank deposits being more than offset by decreases in the other classes. The ratio has increased from 26.795 per cent to 28.026 per cent. Advances to the Primary Products Marketing Department are lower by £263,412, while those for other purposes remain unchanged at £13,250,000. The statement, with variations compared with the week before, is as follows : Liabilities

rpnpraT £ 1.500.000 Variation £ Bank notes Demand liabilities— 15,530,93 4 -50,594 2.206,066 — 308,302 Banks 1 1.19 2.39 6 1418,95 6 Other 363,20 4 -1 1 0.0 4 9 Other currencies . 6,429 -65,90 3 Other liabilities .. 446,070 14,059 Total 3 1.305,159 -1 18,732 Re ooUi e 2. S 0 1,? 3 9 Fame 5,43 1,1 19 1280,165 Subsidiary coin .. 237,27 4 110,350 .... 5,720.539 -263.4 1 2 Other 1 3.250,000 Investment 3,770,250 t 28.83 6 Other assets .... 94,138 -174,077 Total 31,305.159 - 1 1 8,7 3 2 Proportion of reserve to notes and other demand liabilities, 26.U2G per cent (26.795 last week;.