Reserve Bank of Australia Annual Report – 1991 Financial Statements Other Liabilities – Other

NOTE 7 OTHER LIABILITIES – OTHER

This includes interest accrued of $12.0 million ($165.3 million at 30 June 1990) on deposits of banks. The June 1990 figure included half-yearly interest due on 30 June, but payable on the next business day for banks' Non-callable Deposits. Current practice is to pay interest at end May (and end November).