Reserve Bank of Australia Annual Report – 1978 Financial Statements Balance Sheet - Central Banking Business
As at 30 June 1978
| $'000 | |||
|---|---|---|---|
| Liabilities | 1978 | 1977 | |
| Capital | 40,000 | 40,000 | |
| Reserves | |||
| Reserve Bank Reserve Fund | 5,568 | ||
| Reserves for contingencies and general purposes | 543,859 | 549,427 | 20,582 |
| Deposits by | |||
| Trading banks – Statutory Reserve Deposits | 726,739 | 1,584,429 | |
| – Term and Farm Development Loan Funds | 5,248 | 24,024 | |
| – Other | 5,493 | 5,481 | |
| Savings banks | 1,122,649 | 1,055,694 | |
| Overseas institutions (Note 9) | 611,282 | 508,588 | |
| Governments and government instrumentalities | |||
| – Commonwealth | 806,152 | 929,202 | |
| – State | 108,931 | 94,042 | |
| Note Issue Department | 1,009,699 | 1,061,506 | |
| Other (Note 9) | 21,088 | 30,634 | |
| Special Reserve – International Monetary Fund special drawing rights (Note 10) | 218,271 | 218,208 | |
| Other liabilities (Note 11) | 80,779 | 66,238 | |
| Total | 5,305,758 | 5,638,628 | |
| $'000 | ||
|---|---|---|
| Assets | 1978 | 1977 |
| Gold and Foreign Exchange (Note 2) | ||
| Gold | 520,126 | 134,854 |
| International Monetary Fund special drawing rights | 112,985 | 26,877 |
| Foreign exchange holdings | 1,681,705 | 2,137,787 |
| Australian government securities (Note 3) | ||
| Treasury bills | 636,994 | 639,267 |
| Treasury notes | 68,948 | 65,660 |
| Other Commonwealth securities | 1,148,063 | 1,362,933 |
| Loans, advances and bills discounted | ||
| Rural Credits Department | 405,272 | 493,102 |
| Other (Note 12) | 228,332 | 406,718 |
| Bank premises (Note 4) | 63,392 | 60,249 |
| Clearing items (remittances in transit, cheques and bills of other banks) | 371,015 | 237,384 |
| Other assets (Note 5) | 68,926 | 64,796 |
| Unfunded adjustments arising from fluctuations in exchange rates (Note 7) | – | 9,001 |
| Total | 5,305,758 | 5,638,628 |
H.M. Knight
Chairman, Reserve Bank Board – 28 July 1978