The Archive · 1938

Bank of England Returns

The Bank of England statement for the week ended January 6 shows an increase in public deposits of £60,000 to £14,440,000, while other deposits were higher by £9,410,000 to £166,620,000, Government securities were listed at £108,340,000, showing a decrease of £6,260,000 from the previous week. Other securities totalled £36,230,000, including £15,090,000 on discounts and advances and £21,140,- 000 on securities, Notes and coin amounted to £54,530,000 an increase of £12,610,000 from the previous week's figure of £41,920,000, while total bullion decreased by £120,000.

Notes in circulation totalled £492,- 580,000, registering a decrease of £12,740,000 compared with last week's figure.

The proportion of reserve to liability was given at 30.11 per cent, compared with 2486 per cent. last week.—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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