Reserve Bank of Australia Annual Report – 1988 Financial Statements Balance Sheet

As at 30 June 1988

Central Banking Business
1987 $'000	Liabilities		1988 $'000
40,000	Capital		40,000
	Reserves —
130,568	Reserve Bank Reserve Fund	190,568
5,504,640	Asset revaluation reserves (Note 1(e), 3)	4,344,962	4,535,530
5,675,208	Capital and Reserves		4,575,530
	Deposits by —
	Trading banks —
3,453,021	Statutory Reserve Deposits	3,547,225
18,679	Other	378,802
4,548	Savings banks	101,239
	Governments and government instrumentalities —
2,945,640	Commonwealth	1,858,140
81,306	State	84,222
496,971	Foreign governments, foreign institutions and international organisations	466,582
20,368	Other depositors	31,595	6,467,805
9,816,340	Funds of Note Issue Department (Note 1(a))		11,817,472
142,795	Funds of Rural Credits Department		41,068
359,347	Special Reserve — International Monetary Fund special drawing rights (Note 4)		314,171
	Other liabilities —
1,492,508	Profit distribution payable to Commonwealth of Australia	—
1,371,701	Provisions (Note 1(f), 5)	1,663,522
35,692	Other	72,233	1,735,755
25,914,124	Total		24,951,801

1987 $'000	Assets		1988 $'000
	Gold and foreign exchange (Note 1(b)) —
4,950,684	Gold	4,508,980
12,308,605	Foreign exchange	15,361,158	19,870,138
	Commonwealth Government securities (Note 1(c)) —
1,146,660	Treasury notes	759,331
6,239,494	Other securities	3,033,105	3,792,436
109,115	Loans, advances and bills discounted (Note 7)		272,004
	Bank premises and other durable assets (Note 1(d), 6) —
233,217	Premises	234,575
6,576	Other durable assets	6,673	241,248
666,210	Clearing items (remittances in transit, cheques and bills of other banks)		633,669
143,596	Australian notes and coin		71,395
109,967	Other assets (Note 8)		70,911
25,914,124	Total		24,951,801

R.A. Johnston
Chairman, Reserve Bank Board — 29 July 1988