Reserve Bank of Australia Annual Report – 1967 Annual Accounts Balance Sheets

Central Banking Business

Liabilities 1967 1966
Capital 40,000,000 40,000,000
Reserve Bank Reserve Fund 28,829,863 25,329,863
Deposits, bills payable and all other liabilities:
Statutory Reserve Deposit Accounts of trading banks 473,772,000 471,924,000
Term loan fund accounts of trading banks 38,214,000 45,548,000
Farm development loan fund accounts of trading banks 31,853,000 49,527,000
Other deposits of trading banks 28,852,525 35,155,825
Deposits of savings banks 492,500,018 418,572,771
Deposits of overseas institutions† 19,524,971 18,647,332
Other (including amounts provided for contingencies) 335,763,369 332,908,217
Total $1,489,309,746 $1,437,613,008
†This item includes any deposits of governments and central banks of other countries and of international financial institutions.

Central Banking Business

Assets 1967 1966
Gold, and balances held abroad (including money at short call and treasury bills) 396,899,549 551,454,728
Other overseas securities 168,807,475 171,263,972
Australian notes and coin 12,435,566 23,995,003
Australian Government securities (including treasury bills) 420,649,143 392,212,373
Cheques and bills of other banks 9,206,921 15,735,247
Loans, advances and bills discounted 380,361,874 208,356,269
Bank premises (at cost less amounts written off) 30,861,704 29,118,877
Bills receivable and remittances in transit 54,332,403 33,487,664
All other assets 15,755,111 11,988,875
Total $1,489,309,746 $1,437,613,008

H.C. COOMBS, Chairman, Reserve Bank Board—2nd August, 1967

Auditor General's Report

The above Balance-sheet has been examined and is in agreement with the accounts and records as shown in the books of the Head Office and the certified returns from Branches and Darwin Agency. In my opinion the statement shows fairly the state of affairs of the Bank in relation to Central Banking Business as at 30 June 1967.

V.J.W. SKERMER, Auditor General for the Commonwealth—3 August 1967

Note Issue Department

Liabilities 1967 1966
Australian notes on issue† 930,083,034 835,268,788
Special Reserve—Premium on gold sold 9,509,909 9,509,909
All other liabilities† 22,107,000 21,454,851
Total $961,699,943 $866,233,548
†Australian notes of a denomination not exceeding One pound that have been on issue for more than twenty years and Australian notes of a denomination exceeding One pound that have been on issue for more than forty years are not included in the item “Australian notes on issue” but are included in the item “All other liabilities”.

Note Issue Department

Assets 1967 1966
Gold, and balances held abroad (including money at short call and treasury bills) 394,521,951 435,023,185
Other overseas securities 174,783,125 134,810,596
Australian Government securities (including treasury bills) 391,706,405 296,242,705
All other assets 688,462 157,062
Total $961,699,943 $866,233,548

H.C. COOMBS, Chairman, Reserve Bank Board—2nd August, 1967

Auditor General's Report

The above Balance-sheet has been examined and is in agreement with the accounts and records as shown in the books of the Head Office and the certified returns from Branches and Agencies. In my opinion the statement shows fairly the state of affairs of the Department as at 30 June 1967.

V.J.W. SKERMER, Auditor General for the Commonwealth—3 August 1967

Rural Credits Department

Liabilities 1967 1966
Capital 9,428,000 9,428,000
Rural Credits Department Reserve Fund 6,582,346 5,920,762
Rural Credits Development Fund 721,936 659,799
All other liabilities (including amounts provided for contingencies) 344,242,057 158,669,898
Total $360,974,339 $174,678,459

Rural Credits Department

Assets 1967 1966
Cash balances
Australian Government securities (including treasury bills)
Loans, advances, bills discounted and all other assets (after deducting provisions for debts considered bad or doubtful) 360,974,339 174,678,459
Total $360,974,339 $174,678,459

H.C. COOMBS, Chairman, Reserve Bank Board—2nd August, 1967

Auditor General's Report

The above Balance-sheet has been examined and is in agreement with the accounts and records as shown in the books of the Head Office and the certified returns from Branches and Agencies. In my opinion the statement shows fairly the state of affairs of the Department as at 30 June 1967.

V.J.W. SKERMER, Auditor General for the Commonwealth—3 August 1967