THE RESERVE BANK

Waikato Times, Volume 126, Issue 21057, 8 March 1940, Page 2

THE RESERVE BANK

DECREASE IN DEPOSITS DAIRY ADVANCES HIGHER (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, March 4, was gazetted tonight. The statement is balanced at £41,914,142, or £1977,707 less than at the close of the previous week. The reserve of sterling exchange is £821,729 lower in value than the week before. The deposits of the trading banks have fallen by £2,449,754, a movement which may be occasioned in part by income tax payments, which became finally due on the date of the return. The ratio is 32.337 per cent, against 32.812 per cent the week before. Advances to the Primary Products Marketing Department are £6,364 higher than a week before. Those for other purposes have been reduced by £1,200,000. The statement with variations compared with the week before is as follows.Liabilities Variation £ £ General reserve .. 1,500,000 Same Bank notes .... 17,954,492 —7 1,37 1 Demand liabilities— G, 5 05,187 1455,054 Banks 14,805.327 —2,449,754 Other 170.519 193.277 Other eiirreni-les . 12.760 -2. 073 Other liabilities . 836,857 -3J30 Total .... 41,914,1 12 -1.977.707 Assets Reserve— Gold 2,801,839 «ame sterling Ex. .. 1n, 020. 87 1 -821,729 Subsidiary coin . 1 63,453 -1,453 1 Advances—- | Marketing . . 4,224.872 10,364 Other 2 1.1 10, non Investment 3.365,nun tL7Bi other assets .... 228.! u 7 437,327 j Proportion of reserve to notes and j other demand liabilities 32.377 per 1 cent (32.613 lasi week}.