Reserve Bank of Australia Annual Report – 1979 Financial Statements Balance Sheets as at 30 June 1979

Note Issue Department

Liabilities		1979 $'000	1978 $'000
Reserves for contingencies and general purposes		980,500	534,242
Australian notes on issue		4,113,253	3,688,136
Provision for notes not presented (Note 11)		11,463	10,968
Other liabilities		25,562	74,853
	Total	5,130,778	4,308,199

Rural Credits Department

Liabilities			1979 $'000	1978 $'000
Capital			9,428	9,428
Reserves—
Rural Credits Department Reserve Fund	18,351
Reserve for contingencies and general purposes	41,625		59,976	56,170
Deposits			4,660	5,470
Loan from Central Bank			444,572	405,272
Rural Credits Development Fund			1,524	1,324
Other liabilities			2,284	2,151
		Total	522,444	479,815

Assets		1979 $'000	1978 $'000
Gold and foreign exchange (Note 2)—
Gold		1,107,140	704,671
Foreign exchange holdings		35,087	28,155
Australian government securities (Note 3)—
Treasury bills		1,141,743	863,006
Treasury notes		237,009	93,411
Other Commonwealth securities		1,574,495	1,555,408
Deposit with Central Bank		967,700	1,009,699
Bank premises (Note 4)		18,071	9,087
Other assets		49,533	44,762
	Total	5,130,778	4,308,199

H.M. Knight
Chairman, Reserve Bank Board—30 July 1979

Assets		1979 $'000	1978 $'000
Loans, advances and bills discounted		521,070	478,679
Other assets		1,374	1,136
	Total	522,444	479,815

H.M. Knight
Chairman, Reserve Bank Board—30 July 1979