THE RESERVE BANK

Waikato Times, Volume 126, Issue 21040, 16 February 1940, Page 7

THE RESERVE BANK

RETURNS FOR THE WEEK INCREASE IN ADVANCES (By Telegraph. —l-ress Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, February 12, was gazetted to-night. The statement is balanced at £4,679,628, or £258,948 more than at the close of the previous week. The sterling exchange reserve stands practically unchanged compared with the previous week’s level, there having been a fall of only £8023 in value. Government deposits are £1,009,853 lower, while the holdings of the trading banks are higher by £1,325.664. The ratio is 31.343 per cent, compared with 31.588 per cent the week before. Advances to the Primary Products Marketing Department are £118,675 higher. Those for other purposes have increased by £IOO,OOO. The statement, with variations compared with the week before, is as follows:

Proportion of reserve to notes and other demand liabilities, 31.343 per cent (31.588 last week).

Liabilities Variation f £ General reserve . 1.500,000 Same Bank note* .... 18,191.431 t49,711 Demand liabilities— State 4,479.150 -1,099,853 Banks 15,606,568 11.325.664 Other 77,5 19 -27,244 Other currencies . 1 4,692 +7,433 Other liabilities . 810,238 t3.237 Total 0,679,628 t258,948 Assets Reserve — Gold 2,801,839 Same Sterling- Ex. . 9,234,478 -8,023 Subsidiary coin . 161,999 11.114 Advances — Marketing- ... 3.917,589 +1 18.675 Other 2l.oio.ooo tioo.ooo Investment .... 3.362,623 Same Other assets 191,100 +47.182 Total 0,679,628 t258,948