New Zealand Gazette – 1966 – No. 5

Page 131

✨ Reserve Bank Notice and Bank Returns



3 FEBRUARY THE NEW ZEALAND GAZETTE 131

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 28 January 1966, 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: 26 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, 26 January 1966.

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 30 DECEMBER 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.. £67,343 £43,062 £122,703 £24,479 £55,660 £313,247
2. Time deposits in New Zealand 15,236 13,208 19,307 4,209 11,204 *63,164
3. Liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 2,012 449 1,763 260 677 5,161
4. Bills payable and all other liabilities in New Zealand, including balances due to other banks but excluding shareholders’ funds 7,011 435 3,424 416 5,118 16,404

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 £13,489 £9,265 £14,928 £4,905 £9,715 £52,302
2. Reserve Bank of New Zealand notes 4,947 2,297 13,646 1,646 4,776 27,312
3. New Zealand coin 330 208 599 169 325 1,631
4. Assets elsewhere than in New Zealand held in respect of New Zealand business 5,270 7,193 6,697 1,357 1,367 21,884
5. Advances in New Zealand and discounts of bills payable in New Zealand (excluding advances and discounts included under item 6)—
(a) Advances 45,708 27,018 83,529 15,129 39,650 211,034
(b) Discounts 2,641 1,309 2,465 1,054 1,358 8,827
6. Term loans in New Zealand (including special export finance) 2,045 1,137 3,239 454 1,749 8,624
7. Investments held in New Zealand—
(a) Government securities 4,940 1,004 15,870 1,164 6,273 29,251
(b) Other Investments 95 .. 1,188 382 27 1,692
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) 4,637 8,108 8,687 2,390 4,486 28,308
9. Book value of land, buildings, furniture, fittings, and equipment in New Zealand 2,100 1,291 7,557 1,047 2,498 14,493
10. All other assets in New Zealand 301 321 .. .. 4 626

*Includes Wool Retention Accounts, £2,924.
Aggregate Unexercised Overdraft Authorities, £166,633.
†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.

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

Wellington, N.Z., 20 January 1966.

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 30 DECEMBER 1965

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

Liabilities £ Assets £
Capital 703,125 Loans 1,115,150
Debentures and Debenture Stock 750,000 Deposits with Bank 337,975
Advances from Bank .. Other Assets ..
Other Liabilities ..
£1,453,125 £1,453,125

25 January 1966.

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

D



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✨ LLM interpretation of page content

💰 Reserve Bank Notice on Trading Bank Balances

💰 Finance & Revenue
26 January 1966
Reserve Bank, Trading Banks, Balance Requirements, Demand Deposits, Time Deposits
  • G. Wilson, Governor, Reserve Bank of New Zealand

💰 Summary of Trading Banks' Monthly Returns

💰 Finance & Revenue
20 January 1966
Trading Banks, Liabilities, Assets, Demand Deposits, Time Deposits, Advances, Investments
  • R. N. Fleming, Chief Cashier, Reserve Bank of New Zealand

💰 Supplementary Bank Return - Bank of New Zealand Long-Term Mortgage Department

💰 Finance & Revenue
25 January 1966
Bank of New Zealand, Long-Term Mortgage Department, Liabilities, Assets, Loans, Deposits
  • R. N. Fleming, Chief Cashier, Reserve Bank of New Zealand