Reserve Bank of Australia Annual Report – 1974 Financial Statements Balance Sheets - Central Banking Business

As at 30 June 1974

Liabilities 1974 1973
Capital 40,000,000 40,000,000
Reserve Bank Reserve Fund 5,568,425 5,568,425
Special Reserve – International Monetary Fund special drawing rights 183,358,816 192,386,630
Deposits, bills payable and all other liabilities:
Statutory Reserve Deposit Accounts of trading banks 912,778,000 784,112,000
Term loan fund accounts of trading banks 3,140,000 18,530,000
Farm development loan fund accounts of trading banks 5,361,000 14,258,000
Other deposits of trading banks 5,370,479 6,632,702
Deposits of savings banks 1,052,668,406 1,323,013,444
Deposits of overseas institutions (see note 2) 144,994,066 152,344,068
Other (including amounts provided for contingencies) 2,816,685,676 2,194,345,962
Total $5,169,924,868 $4,731,191,231

Notes:

  1. Includes accrued interest. Marketable securities included at current market values.
  2. Includes any deposits of governments and central banks of other countries and of international financial institutions.

Note Issue Department

Liabilities 1974 1973
Australian notes on issue (see note 2) 2,163,761,447 1,767,391,418
All other liabilities (including amounts provided for contingencies)
(see note 2)		 24,675,738 23,970,332
Total $2,188,437,185 $1,791,361,750

Notes:

  1. Includes accrued interest. Marketable securities included at current market values.
  2. 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 1974 1973
Capital 9,428,000 9,428,000
Rural Credits Department Reserve Fund 12,120,671 11,277,904
Rural Credits Development Fund 960,479 733,151
All other liabilities (including amounts provided for contingencies) 179,653,338 184,524,088
Total $202,162,488 $205,963,143
Assets 1974 1973
Gold, and balances held abroad (including money at short call and treasury bills) (see note 1) 2,712,449,631 2,952,252,281
International Monetary Fund special drawing rights 149,942,901 199,877,225
Other overseas securities (see note 1) 280,746,199 525,791,053
Australian notes and coin 8,158,626 9,697,135
Australian Government securities (including treasury bills) 879,987,390 411,046,084
Cheques and bills of other banks 16,878,228 9,360,766
Loans, advances and bills discounted 549,214,960 200,294,912
Bank premises (at cost less amounts written off) 49,435,505 49,540,533
Bills receivable and remittances in transit 156,004,417 127,619,438
All other assets (including unfunded adjustments arising from fluctuations in exchange rates) 367,107,011 245,711,804
Total $5,169,924,868 $4,731,191,231

J. G. Phillips, Chairman, Reserve Bank Board — 1 August 1974

Assets 1974 1973
Gold, and balances held abroad (including money at short call and treasury bills) (see note 1) 141,138,819 199,796,199
Other overseas securities (see note 1) 126,518,203 226,657,505
Australian Government securities (including treasury bills) 516,609,718 197,365,611
Balances with Central Bank 917,783,269 827,944,318
Bank premises (at cost less amounts written off) 2,420,898 2,019,873
All other assets (including unfunded adjustments arising from fluctuations in exchange rates) 483,966,278 337,578,244
Total $2,188,437,185 $1,791,361,750

J. G. Phillips, Chairman, Reserve Bank Board — 1 August 1974

Assets 1974 1973
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) 202,162,488 205,963,143
Total $202,162,488 $205,963,143

J. G. Phillips, Chairman, Reserve Bank Board — 1 August 1974