Reserve Bank of Australia Annual Report – 1967 Appendices

Reserve Bank of Australia Selected Liabilities and Assets

$ Million
  Selected Liabilities Selected Assets
Period (a) Australian Notes on Issue Statutory Reserve Deposit Accounts of Trading Banks Term Loan Fund and Farm Development Loan Fund Accounts of Trading Banks (b) Deposits of Savings Banks Gold and Foreign Exchange Australian Government Securities Advances of Rural Credits Department
        Treasury Bills and Treasury Notes Other
  		 
1962/63
June 860 445 66 370 1,160 246 544 210
1963/64
June 856 676 50 432 1,612 178 497 131
1964/65
June 862 655 44 430 1,299 116 686 243
1965/66
July 866 656 42 429 1,264 91 723 212
Aug. 872 643 36 431 1,254 148 676 187
Sep. 867 647 37 432 1,177 274 677 162
Oct. 861 650 42 442 1,168 328 646 152
Nov. 857 660 40 440 1,187 394 604 125
Dec. 998 624 37 434 1,176 594 465 135
Jan. 832 638 36 443 1,174 555 290 237
Feb. 981 647 33 451 1,167 497 280 291
Mar. 845 670 36 448 1,178 406 408 260
Apr. 860 485 101 438 1,196 234 480 228
May 839 480 100 435 1,255 101 531 181
June 835 472 95 419 1,293 80 608 175
1966/67
July 852 470 91 421 1,275 74 599 147
Aug. 882 465 86 423 1,272 204 490 119
Sep. 879 470 85 416 1,218 300 457 128
Oct. 883 474 80 420 1,223 334 436 103
Nov. 897 483 75 434 1,192 531 324 93
Dec. 1,071 465 91 432 1,191 663 353 101
Jan. 898 473 95 475 1,158 459 321 258
Feb. 907 480 87 480 1,150 365 297 404
Mar. 959 490 85 485 1,111 397 300 437
Apr. 937 492 80 487 1,093 266 469 426
May 942 479 76 489 1,100 196 578 393
June 930 474 70 493 1,135 90 722 361
(a) Figures for June are taken from the Annual Balance Sheets. Other monthly figures are for the last Wednesday of the month (December 1966—second last Wednesday).
(b) Farm Development Loan Fund Accounts were established April 1966.

AUSTRALIAN INTEREST RATES AND SECURITY YIELDS (Per Cent—Per Annum)

At end of Deposit Rates Bank Overdraft Rates (c) Government Security Yields Interst Rates on Debentures issued by Finances Companies associated with Major Trading Banks.
Trading Banks Savings Banks(b) Treasury Notes (e) Shorts(f) Longs(g)
3 months 6 months 12 months 24 months(a) 1 year 2 years 5 years
1949/50 0.50 0.75 1.00 1.50 2.00 4.50   2.08 3.18      
1950/51 0.50 0.75 1.00 1.50 2.00 4.50   2.18 3.54      
1951/52 0.50 0.75 1.00 1.50 2.00 4.50   2.34 4.65      
1952/53 1.00 1.25 1.50 1.75 2.25 5.00   3.29 4.51      
1953/54 1.00 1.25 1.50 1.75 2.25 5.00   3.55 4.47      
1954/55 1.25 1.50 1.75 2.00 2.50 5.00   3.87 4.56 4.00 5.00 6.00
1955/56 2.25 2.50 2.75 3.00 2.75 6.00   5.26 5.37 5.00 5.50 7.00
1956/57 2.25 2.50 2.75 3.50 2.75 6.00   4.75 5.07 5.00 5.50 6.00/7.00
1957/58 2.25 2.50 2.75 3.50 2.75 6.00   4.38 4.98 5.00 5.50 6.00/7.00
1958/59 2.25 2.50 2.75 3.50 3.00 6.00   4.13 4.92 5.00 5.50 6.50/7.00
1959/60 2.25 2.50 2.75 3.50 3.00 6.00 3.13(i) 4.32 5.01 5.00 5.50 6.50/7.00
  3 months but less than
12 months		                    
1960/61 4.00 4.50 — 3.25 7.00 4.25(i) 5.36 5.38 5.75/6.25 6.00/7.00 6.75/7.50
1961/62 3.75 4.00 — 3.50 7.00 3.75(i) 4.43 4.95 4.75/6.00 5.25/5.75 6.25/7.00
    12 months to 15 months                
1962/63 3.25 3.50 3.00 6.50 3.23 3.88 4.57 4.75/5.00 5.50 6.50
1963/64 3.75(h) 4.00 3.25 7.00 3.75 4.36 4.75 4.25/4.50 4.75/5.25 5.50/6.50
    12 months to
18 months		 Over 18 months to
24 months		                
1964/65                      
Sept. 3.75(h) 4.00 4.25 3.25 7.00 3.85 4.48 5.01 4.50/5.00 5.00/5.25 5.50/6.00
Dec. 3.75(h) 4.00 4.25 3.25 7.00 3.85 4.48 5.01 5.00 5.50/6.00 6.50/7.50
Mar. 4.25(h) 4.50 4.50 3.25 7.25 3:95 4.98 5.25 5.00 5.50/6.00 6.00/7.50
June 1965/66 4.25(h) 4.50 4.50 3.50 7.25 4.25 4.95 5.25 5.25/5.75 6.00/6.25 7.00/7.50
Sept. 4.25(h) 4.50 4.50 3.50 7.25 4.25 4.98 5.26 5.25/5.75 6.00/6.50 6.75/7.50
Dec. 4.25(h) 4.50 4.50 3.50 7.25 4.25 4.96 5.25 5.50/6.00 6.00/6.50 7.00/7.50
Mar. 4.25(h) 4.50 4.50 3.50 7.25 4.58(d) 4.98 5.25 5.50/6.00 6.00/6.50 7.00/7.50
June 1966/67 4.25(h) 4.50 4.50 3.50 7.25 4.58 4.94 5.25 5.25/6.00 5.75/6.50 6.75/7.50
Sept. 4.00(h) 4.25 4.50 3.50 7.25 4.58 4.96 5.25 5.25/6.00 5.75/6.50 6.75/7.50
Dec. 4.00(h) 4.25 4.50 3.50 7.25 4.26 4.53 5.25 5.25/6.00 6.00/6.50 6.75/7.25
Mar. 4.00(h) 4.25 4.50 3.50 7.25 4.26 4.51 5.25 5.25/6.00 6.00/6.50 6.75/7.50
June 4.00(h) 4.25 4.50 3.50 7.25 4.25 4.52 5.25 5.25/6.00 5.75/6.50 6.50/7.50
(a) Until July 1952, the rate on amounts in excess of $20,000 was 1.00% and from July 1952 to January 1955, 1.50%.
(b) Rates paid by majority of savings banks. The remaining savings banks, whose deposits comprise about 10% of total, have paid at times up to 0.50% higher than rates shown.
(c) Prescribed maximum rates. From April 1956 to April 1962, each bank also required to observe a maximum average rate over all advances (5.50% from April 1956, and 6.00% from November 1960).
(d) Prior to 14th February 1966, income on all securities subject to income tax at current rates less a rebate of 10 cents on each dollar of Commonwealth loan interest included in taxable income; on and after 14th February 1966, this tax rebate no longer available on Treasury notes and new issue yield introduced.
(e) Three months securities, issued at a discount equivalent approximately to yield shown. Before 1962/63 yields shown are for similar securities known as Seasonal Securities issued during certain months of 1959/62. A three months Treasury bill is also issued, at a discount rate of 1.00% (unchanged since August 1952); these are not held by the public.
(f) Theoretical yield on 2-year maturity (excluding effect of brokerage).
(g) Before 1959/60, weighted average of yields on maturities 10 years or more; since then, theoretical yield on 20-year maturity. All figures exclude effect of brokerage.
(h) Maximum rate also for periods of from 30 days to three months on amounts of $100,000 and over,
(i) Yield for issue of Seasonal Securities closest to end of year.