THE RESERVE BANK

Waikato Times, Volume 126, Issue 21051, 1 March 1940, Page 2

THE RESERVE BANK

INCREASE IN STERLING RISE IN ADVANCES itty TM-irr«|.h.—Pros Association) j WELLINGTON. Thursday The Reserve Bank return for the week ended Monday, February 26, was gazetted to-night. The statement is balanced at £43.891,849. or £1,592,033 more than at the close of the previous week. The sterling exchange reserve has j increased by £1,329,831 in value, this rise bringing the total to more than £10.000,000. Notes and other demand liabilities are more than £1.700.000 higher in the aggregate principally because of a rise of £1.333,000 in the deposits of the trading banks. The ratio is 32.812 per cent, compared with 30.79 per cent the previous week. Advances to the Primary Products Marketing Department are £66,194 higher. Those for other purposes have increased by £200,000. The statement with variations compared with the week before is as follows:—Liabilities Variation i £ £ General reserve .. 1,500.000 Same Bank notes .... 18.025,863 -61,274 Demand liabilities— State 6,109,233 t372.n0 ; Banks 17,315,081 11,333.26", ; Other 86,242 — s l sos ' Other currencies . 15.433 +622 Other liabilities . 839,957 f2.l6s' Assets C (solri e 2.50! .S 3.) I St. riina Ex. . . 1 .8 12. ;on r!• Subsidiary coin . lo j.yoo Advances— | 2.3 IP.Vi : ' - • • . 190.780 -3,2;j -2 Proportion of reserve to notes and j other demand liabilities, 22 212 per, cent (30.79 last week).