N.Z. RESERVE BANK

Waikato Times, Volume 126, Issue 21034, 9 February 1940, Page 2

N.Z. RESERVE BANK

WEEKLY RETURN STATE DEPOSITS INCREASE (By Telegraph. —Press Association) WELLINGTON, Thursday The Reserve Bank return or the week ended Monday, February 5, was gazetted to-night. The statement is balanced at £40,420,680, or £370,334 more than at the close of the previous week. The sterling exchange reserve at £9.242,501 is £516,781 higher in value than on the preceding Monday. Notes and other demand liabilities are £346,000 higher in the aggregate, the principal movement being a rise of £930,800 in the level of Government deposits. The ratio is 31.588 per cent, compared with 30.508 per cent. Advances to the Primary Products Marketing Department are higher by £56,997. Other advances have fallen by £IOO.OOO. The statement with variations compared with the week before is as follows: Liabilities Variation General reserve ... 1,300,000 Same Bank notes 18,1 11,720 -172,730 Demand liabilities— State 5,579,003 1930,819 Banks 11,280,904 -135,145 Other 104,793 -270,591 Other currencies .. 7,259 -477 Other liabilities .. 807,00 1 f 24,404 Total 40,120,080 t 070,334 Assets Reserve— Gold 2, SO 1,839 Same Sterling- Exchange 8,2 12,50 1 f 3 10,78 1 Subsidiary coin ... 1 00,885 -1,172 .Marketing- .... 3,798,911 t 50,997 Investment 3GH.2P323 -3 1 .0 I 2 Other assets 14 3,918 -50,900 Total 40,420,080 +370,33 i Proportion of reserve to notes and other demand liabilities, 31.538 pet' cent (30.508 last week).