Reserves for Contingencies and General Purposes | Financial Statements | Reserve Bank of Australia Annual Report - 1982

Reserve Bank of Australia Annual Report – 1982 Financial Statements Reserves for Contingencies and General Purposes

Note 6 Reserves for contingencies and general purposes

Amounts provided for contingencies from operating earnings have been approved by the Treasurer in terms of Section 78 of the Reserve Bank Act 1959. Movements in these reserves over 1981/82 reflect:

	Central Banking Business $'000	Note Issue Department $'000	Rural Credits Department $'000	Total $'000
Credits from:
Appropriations of operating earnings	32,152	67,782	7,930	107,864
Net exchange valuation surplus	7,492	86,064	—	93,556
Net sundry items	20	—	10	30
	39,664	153,846	7,940	201,450
Debits from:
Revaluation of gold	273,714	466,053	—	739,767
Net bond dealing losses	25,148	42,540	—	67,688
Net movement 1981/82	−259,198	−354,747	7,940	−606,005