Reserve Bank of Australia Annual Report – 1972 Financial Statements Balance Sheets - Central Banking Business

As at 30 June 1972

LIABILITIES 1972 1971
Capital 40,000,000 40,000,000
Reserve Bank Reserve Fund 25,568,425 30,663,863
Special Reserve—International Monetary Fund special drawing rights 201,615,909 138,581,999
Deposits, bills payable and all other liabilities:
Statutory Reserve Deposit Accounts of trading banks 554,222,000 617,522,000
Term loan fund accounts of trading banks 47,937,400 22,378,500
Farm development loan fund accounts of trading banks 36,026,000 31,454,000
Other deposits of trading banks 4,972,972 8,920,144
Deposits of savings banks 802,865,747 615,532,648
Deposits of overseas institutions† 154,955,255 113,134,927
Other (including amounts provided for contingencies) 1,939,896,189 985,720,793
Total $3,808,059,897 $2,603,908,874
† This item includes any deposits of governments and central banks of other countries and of international financial institutions.
ASSETS 1972 1971
Gold, and balances held abroad (including money at short call and treasury bills) 2,470,996,992 1,138,561,189
International Monetary Fund special drawing rights 209,469,932 146,436,022
Other overseas securities 376,238,386 285,030,238
Australian notes and coin 12,298,176 11,386,169
Australian Government securities (including treasury bills) 299,209,659 453,075,701
Cheques and bills of other banks 4,700,382 3,407,648
Loans, advances and bills discounted 262,900,857 362,945,099
Bank premises (at cost less amounts written off) 41,629,245 37,907,372
Bills receivable and remittances in transit 96,325,113 135,360,253
All other assets 34,291,155 29,799,183
Total $3,808,059,897 $2,603,908,874

J.G. PHILLIPS, Chairman, Reserve Bank Board—31 July 1972

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. In my opinion the statement shows fairly the state of affairs of the Bank in relation to Central Banking Business as at 30 June 1972.

V.J.W. SKERMER, Auditor General for the Commonwealth—4 August 1972

NOTE ISSUE DEPARTMENT

LIABILITIES 1972 1971
Australian notes on issue† 1,508,161,960 1,369,387,546
All other liabilities (including amounts provided for contingencies)† 59,200,068 74,197,756
Total $1,567,362,028 $1,443,585,302
† 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 (including amounts provided for contingencies)”.
ASSETS 1972 1971
Gold, and balances held abroad (including money at short call and treasury bills) 296,628,865 288,991,880
Other overseas securities 234,676,571 257,054,120
Australian Government securities (including treasury bills) 199,544,391 447,664,587
Balances with Central Bank 820,400,628 432,985,321
Bank premises (at cost less amounts written off) 1,836,876 644,466
All other assets 14,274,697 16,244,928
Total $1,567,362,028 $1,443,585,302

J.G. PHILLIPS, Chairman, Reserve Bank Board—31 July 1972

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 1972.

V.J.W. SKERMER, Auditor General for the Commonwealth—4 August 1972

RURAL CREDITS DEPARTMENT

LIABILITIES 1972 1971
Capital 9,428,000 9,428,000
Rural Credits Department Reserve Fund 10,628,751 9,879,158
Rural Credits Development Fund 1,069,006 1,079,794
All other liabilities (including amounts provided for contingencies) 239,683,723 288,282,357
Total $260,809,480 $308,669,309
ASSETS 1972 1971
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) 260,809,480 308,669,309
Total $260,809,480 $308,669,309

J.G. PHILLIPS, Chairman, Reserve Bank Board—31 July 1972

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. In my opinion the statement shows fairly the state of affairs of the Department as at 30 June 1972.

V.J.W. SKERMER, Auditor General for the Commonwealth—4 August 1972