Reserve Bank of Australia Annual Report – 1982 Financial Statements Reserves for Contingencies and General Purposes

Note 6 Reserves for contingencies and general purposes

Amounts provided for contingencies from operating earnings have been approved by the Treasurer in terms of Section 78 of the Reserve Bank Act 1959. Movements in these reserves over 1981/82 reflect:

  Central Banking Business
$'000		 Note Issue Department
$'000		 Rural Credits Department
$'000		 Total
$'000
Credits from:
Appropriations of operating earnings 32,152 67,782 7,930 107,864
Net exchange valuation surplus 7,492 86,064 — 93,556
Net sundry items 20 — 10 30
  39,664 153,846 7,940 201,450
Debits from:
Revaluation of gold 273,714 466,053 — 739,767
Net bond dealing losses 25,148 42,540 — 67,688
Net movement 1981/82 −259,198 −354,747 7,940 −606,005