Reserve Bank of Australia Annual Report – 1979 Financial Statements Balance Sheet - Central Banking Business
As at 30 June 1979
| Liabilities |
1979 $'000 |
1978 $'000 |
|
|---|---|---|---|
| Capital | 40,000 | 40,000 | |
| Reserves— | |||
| Reserve Bank Reserve Fund | 5,568 | ||
| Reserves for contingencies and general purposes | 858,053 | 863,621 | 549,427 |
| Deposits by— | |||
| Trading banks—Statutory Reserve Deposits | 1,115,504 | 726,739 | |
| —Term and Farm Development Loan Funds | 15,709 | 5,248 | |
| —Other | 5,339 | 5,493 | |
| Savings banks | 815,719 | 1,122,649 | |
| Overseas governments and institutions (Note 7) | 501,933 | 611,282 | |
| Governments and government instrumentalities | |||
| —Commonwealth | 1,170,138 | 806,152 | |
| —State | 82,118 | 108,931 | |
| Note Issue Department | 967,700 | 1,009,699 | |
| Other (Note 7) | 23,788 | 21,088 | |
| Special Reserve—International Monetary Fund special drawing rights (Note 8) | 321,302 | 218,271 | |
| Other liabilities (Note 9) | 82,719 | 80,779 | |
| Total | 6,005,590 | 5,305,758 |
| Assets |
1979 $'000 |
1978 $'000 |
|
|---|---|---|---|
| Gold and foreign exchange (Note 2)— | |||
| Gold | 832,245 | 520,126 | |
| International Monetary Fund special drawing rights | 194,564 | 112,985 | |
| Foreign exchange holdings | 1,537,783 | 1,681,705 | |
| Australian government securities (Note 3)— | |||
| Treasury bills | 858,257 | 636,994 | |
| Treasury notes | 178,161 | 68,948 | |
| Other Commonwealth securities | 1,183,561 | 1,148,063 | |
| Loans, advances and bills discounted— | |||
| Rural Credits Department | 444,572 | 405,272 | |
| Other (Note 10) | 92,575 | 228,332 | |
| Bank premises (Note 4) | 71,823 | 63,392 | |
| Clearing items (remittances in transit, cheques and bills of other banks) | 543,782 | 371,015 | |
| Australian notes and coin | 32,877 | 29,092 | |
| Other assets | 35,390 | 39,834 | |
| Total | 6,005,590 | 5,305,758 | |
H.M. Knight
Chairman, Reserve Bank Board—30 July 1979