Reserve Bank of Australia Annual Report – 1973 Financial Statements Balance Sheets - Central Banking Business
As at 30 June 1973
| Liabilities | 1973 | 1972 |
|---|---|---|
| Capital | 40,000,000 | 40,000,000 |
| Reserve Bank Reserve Fund | 5,568,425 | 25,568,425 |
| Special Reserve–International Monetary Fund Special Drawing Rights | 192,386,630 | 201,615,909 |
| Deposits, bills payable and all other liabilities: | ||
| Statutory Reserve Deposit Accounts of trading banks | 784,112,000 | 554,222,000 |
| Term loan fund accounts of trading banks | 18,530,000 | 47,937,400 |
| Farm development loan fund accounts of trading banks | 14,258,000 | 36,026,000 |
| Other deposits of trading banks | 6,632,702 | 4,972,972 |
| Deposits of savings banks | 1,323,013,444 | 802,865,747 |
| Deposits of overseas institutions (see note 2) | 152,344,068 | 154,955,255 |
| Other (including amounts provided for contingencies) | 2,194,345,962 | 1,937,405,002 |
| Total | $4,731,191,231 | $3,805,568,710 |
| Assets | 1973 | 1972 |
|---|---|---|
| Gold, and balances held abroad (including money at short call and treasury bills) (see note 1) | 2,952,252,281 | 2,487,523,283 |
| International Monetary Fund Special Drawing Rights | 199,877,225 | 209,469,932 |
| Other overseas securities (see note 1) | 525,791,053 | 381,494,278 |
| Australian notes and coin | 9,697,135 | 12,298,176 |
| Australian Government securities (including treasury bills) | 411,046,084 | 299,209,659 |
| Cheques and bills of other banks | 9,360,766 | 4,700,382 |
| Loans, advances and bills discounted | 200,294,912 | 262,900,857 |
| Bank premises (at cost less amounts written off) | 49,540,533 | 41,629,245 |
| Bills receivable and remittances in transit | 127,619,438 | 96,325,113 |
| All other assets (including unfunded adjustments arising from fluctuations in exchange rates) | 245,711,804 | 10,017,785 |
| Total | $4,731,191,231 | $3,805,568,710 |
J. G. Phillips, Chairman, Reserve Bank Board — 3 August 1973
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 1973.
D. R. Steele Craik, Auditor General — 7 August 1973.
Notes:
- Includes accrued interest. Marketable securities included at current market values after 1972.
- Includes any deposits of governments and central banks of other countries and of international financial institutions.
Note Issue Department
| Liabilities | 1973 | 1972 |
|---|---|---|
| Australian notes on issue (see note 2) | 1,767,391,418 | 1,508,161,960 |
| All other liabilities (including amounts provided for contingencies) (see note 2) |
23,970,332 | 56,686,211 |
| Total | $1,791,361,750 | $1,564,848,171 |
| Assets | 1973 | 1972 |
|---|---|---|
| Gold, and balances held abroad (including money at short call and treasury bills) (see note 1) | 199,796,199 | 294,115,008 |
| Other overseas securities (see note 1) | 226,657,505 | 240,569,556 |
| Australian Government securities (including treasury bills) | 197,365,611 | 199,544,391 |
| Balances with Central Bank | 827,944,318 | 820,400,628 |
| Bank premises (at cost less amounts written off) | 2,019,873 | 1,836,876 |
| All other assets (including unfunded adjustments arising from fluctuations in exchange rates) | 337,578,244 | 8,381,712 |
| Total | $1,791,361,750 | $1,564,848,171 |
J. G. Phillips, Chairman, Reserve Bank Board — 3 August 1973
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 1973.
D. R. Steele Craik, Auditor General — 7 August 1973.
Notes:
- Includes accrued interest. Marketable securities included at current market values after 1972.
- 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)”.
Rural Credits Department
| Liabilities | 1973 | 1972 |
|---|---|---|
| Capital | 9,428,000 | 9,428,000 |
| Rural Credits Department Reserve Fund | 11,277,904 | 10,628,751 |
| Rural Credits Development Fund | 733,151 | 1,069,006 |
| All other liabilities (including amounts provided for contingencies) | 184,524,088 | 239,683,723 |
| Total | $205,963,143 | $260,809,480 |
| Assets | 1973 | 1972 |
|---|---|---|
| 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) | 205,963,143 | 260,809,480 |
| Total | $205,963,143 | $260,809,480 |
J. G. Phillips, Chairman, Reserve Bank Board — 3 August 1973
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 1973.
D. R. Steele Craik, Auditor General — 7 August 1973.