Reserve Bank of Australia Annual Report – 1975 Financial Statements Balance Sheets - Central Banking Business

As at 30 June 1975

Liabilities   1975 1974
Capital   40,000,000 40,000,000
Reserve Bank Reserve Fund   5,568,425 5,568,425
Special Reserve – International Monetary Fund special drawing rights   206,981,845 183,358,816
Deposits, bills payable and all other liabilities:      
Statutory Reserve Deposit Accounts of trading banks   417,895,000 912,778,000
Term loan fund accounts of trading banks   15,061,000 3,140,000
Farm development loan fund accounts of trading banks   12,808,000 5,361,000
Other deposits of trading banks   9,921,515 5,370,479
Deposits of savings banks   908,038,096 1,052,668,406
Deposits of overseas institutions (see note 2)   152,947,327 144,994,066
Other (including amounts provided for contingencies)   2,744,908,581 2,816,685,676
  Total $4,514,129,789 $5,169,924,868

Notes:

  1. Includes accrued interest. Marketable securities included at current market values. Foreign currency amounts converted at current market rates of exchange. Gold valued at the Bank's buying price of $32.25 per fine ounce.
  2. Includes any deposits of governments and central banks of other countries and of international financial institutions.

Note Issue Department

Liabilities   1975 1974
Australian notes on issue (see note 2)   2,545,102,627 2,163,761,447
All other liabilities (including amounts provided for contingencies) (see note 2)   25,345,495 24,675,738
  Total $2,570,448,122 $2,188,437,185

Notes:

  1. Includes accrued intrest. Marketable securities included at currrent market values. Foreign currency amounts converted at current market rates of exchange. Gold valued at the Bank's buying price of $32.25 per fine ounce.
  2. Australian notes of a denomination not exceeding One pound that have been on issue for more than twenty years and Australian notes of a denomination exceeding One pound that have been on issue for more than forty years are not included in the item “Australian notes on issue” but are included in the item “All other liabilities (including amounts provided for contingencies)”.

Rural Credits Department

Liabilities   1975 1974
Capital   9,428,000 9,428,000
Rural Credits Department Reserve Fund   13,200,671 12,120,671
Rural Credits Development Fund   1,141,964 960,479
All other liabilities (including amounts provided for contingencies and advances from Central Bank)   179,619,570 179,653,338
  Total $203,390,205 $202,162,488
Assets   1975 1974
Gold, and balances held abroad (including money at short call and treasury bills) (see note 1)   2,887,382,464 2,712,449,631
International Monetary Fund special drawing rights (converted at current market rates of exchange)   89,287,641 149,942,901
Other overseas securities (see note 1)   120,504,239 280,746,199
Australian notes and coin   8,715,586 8,158,626
Australian Government securities (including treasury bills) (treasury bills, treasury notes and debentures at face value, bonds and inscribed stock at lower of cost or face value)   593,888,233 879,987,390
Cheques and bills of other banks   46,848,187 16,878,228
Loans, advances and bills discounted (including advances to Rural Credits Department)   377,554,231 549,214,960
Bank premises (at cost less amounts written off)   50,038,670 49,435,505
Bills receivable and remittances in transit   195,041,319 156,004,417
All other assets (including unfunded adjustments arising from fluctuations in exchange rates of $117 million at 1975 and $343 million at 1974)   144,869,219 367,107,011
  Total $4,514,129,789 $5,169,924,868

H.M. Knight, Chairman, Reserve Bank Board — 31 July 1975

Assets   1975 1974
Gold, and balances held abroad (including money at short call and treasury bills) (see note 1)   177,547,617 141,138,819
Other overseas securities (see note 1)   62,594,157 126,518,203
Australian Government securities (including treasury bills) (treasury bills, treasury notes and debentures at face value, bonds and inscribed stock at lower of cost or face value   633,834,597 516,609,718
Balances with Central Bank   1,422,527,557 917,783,269
Bank premises (at cost less amounts written off)   2,619,163 2,420,898
All other assets (including unfunded adjustments arising from fluctuations in exchange rates of $251 million at 1975 and $468 million at 1974)   271,325,031 483,966,278
  Total $2,570,448,122 $2,188,437,185

H.M. Knight, Chairman, Reserve Bank Board — 31 July 1975

Assets   1975 1974
Cash balances   — —
Australian Government securities (including treasury bills) (treasury bills, treasury notes and debentures at face value, bonds and inscribed stock at lower of cost or face value)   — —
Loans, advances, bills discounted and all other assets (after deducting provisions for debts considered bad or doubtful)   203,390,205 202,162,488
  Total $203,390,205 $202,162,488

H.M. Knight, Chairman, Reserve Bank Board — 31 July 1975