Reserve Bank of New Zealand

Pursuant to section 33 of the Reserve Bank of New Zealand Act 1964, the Reserve Bank, acting with the approval of the Minister of Finance, hereby gives notice that as at the close of business on 20 August 1965, and until further notice, balances to be maintained in the Reserve Bank by each trading bank shall be equal to an amount which, when added to that bank's holdings of Reserve Bank notes as disclosed in that bank's latest available weekly return of Banking Statistics under the Statistics Act 1955, will be not less than the aggregate of:

22 per cent of that bank's demand deposits in New Zealand plus 3 per cent of that bank's time deposits in New Zealand (excluding wool retention deposits) as shown in the last preceding monthly return furnished by that bank in accordance with section 31 of the Reserve Bank of New Zealand Act 1964.

The balances to be maintained as aforesaid shall be exclusive of any balance held by a trading bank in its wool retention or special fund account at the Reserve Bank.

G. WILSON, Governor.
Wellington, 18 August 1965.

SUMMARY OF TRADING BANKS' MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 28 JULY 1965

In accordance with subsection (4) of section 31 of the Reserve Bank of New Zealand Act 1964

(All amounts in New Zealand Currency)

LIABILITIES†

(£N.Z. thousands)

Australia and New Zealand Bank Limited Bank of New South Wales Bank of New Zealand The Commercial Bank of Australia Limited The National Bank of New Zealand Limited Totals

1. Demand deposits in New Zealand... 66,128 41,969 123,506 24,240 54,490 310,333
2. Time deposits in New Zealand... 15,958 12,458 15,648 4,049 10,336 58,449
3. Liabilities elsewhere than in New Zealand incurred in respect of New Zealand business... 691 414 1,490 215 1,920 4,730
4. Bills payable and all other liabilities in New Zealand, including balances due to other banks but excluding shareholders' funds... 3,105 324 7,813 38 4,833 16,113

ASSETS†

(£N.Z. thousands)

Australia and New Zealand Bank Limited Bank of New South Wales Bank of New Zealand The Commercial Bank of Australia Limited The National Bank of New Zealand Limited Totals

1. Balances at Reserve Bank of New Zealand... 14,797 10,336 21,885 5,349 11,444 63,811
2. Reserve Bank of New Zealand notes... 2,793 1,160 10,162 603 2,539 17,257
3. New-Zealand coin... 316 194 631 151 317 1,609
4. Assets elsewhere than in New Zealand held in respect of New Zealand business... 3,506 6,771 8,336 1,080 1,939 21,632
5. Advances in New Zealand and discounts of bills payable in New Zealand (excluding advances and discounts included under item 6)- (a) Advances... 49,319 29,668 94,051 16,707 43,802 233,547
   (b) Discounts... 2,410 1,256 2,035 841 1,233 7,775
6. Term loans in New Zealand (including special export finance)... 998 906 1,200 404 1,467 4,975
7. Investments held in New Zealand- (a) Government securities... 5,366 1,153 12,201 944 4,418 24,082
   (b) Other Investments... 19 Nil 1,220 368 27 1,534
8. Cheques and bills drawn on other banks in New Zealand and balances with and due from other banks in New Zealand (excluding balances with Reserve Bank of New Zealand)... 2,819 2,485 4,160 1,545 2,743 13,752
9. Book value of land, buildings, furniture, fittings, and equipment in New Zealand... 1,815 1,187 6,848 965 2,380 13,195
10. All other assets in New Zealand... 220 131 3 354

*Includes Wool Retention Accounts, £3,866.
†Excluding shareholders' funds, contingencies, inter-branch accounts within New Zealand, and certain transit items.
+Excluding inter-branch accounts within New Zealand, contingencies, and certain transit items.

Wellington, N.Z., 10 August 1965. R. N. FLEMING, Chief Cashier, Reserve Bank of New Zealand.

SUPPLEMENTARY BANK RETURN

STATEMENT OF THE AMOUNT OF LIABILITIES AND ASSETS OF THE LONG-TERM MORTGAGE DEPARTMENT OF THE BANK OF NEW ZEALAND AS AT 28 JULY 1965

In Accordance with Section 32 of the Reserve Bank of New Zealand Act 1964

Liabilities
Capital... 703,125
Debentures and debenture stock... 750,000
Advances from Bank...
Other liabilities...

£1,453,125

Assets
Loans... 1,184,411
Deposits with Bank... 268,714
Other assets...

£1,453,125

R. N. FLEMING, Chief Cashier, Reserve Bank of New Zealand.