Our statistical balance sheet (R2)

This is the Reserve Bank's balance sheet – a summary of the assets and liabilities we hold to fulfil our functions – presented by instrument and currency.
Released
14 October 2021 03:00 p.m.
Next release
12 November 2021 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Sep 2019 Sep 2020 May 2021 Jun 2021 Jul 2021 Aug 2021 Sep 2021
ASSETS
Monetary gold and holdings of SDR - 0 0 0 0 0 0
Currency and deposits 14,573 4,315 3,832 5,697 3,950 5,937 7,265
Securities other than shares 11,010 57,106 67,873 68,819 70,394 69,114 68,387
Loans and reverse repurchase agreements 646 302 5,446 5,550 6,800 9,554 8,327
Shares and other equity assets 183 280 261 266 271 264 267
Financial derivatives 245 273 3,738 3,597 2,877 3,736 4,256
Other accounts receivable 131 34 46 35 53 53 10
Nonfinancial assets 174 174 174 162 160 159 158
TOTAL ASSETS 26,962 62,483 81,371 84,126 84,504 88,816 88,668
LIABILITIES
Currency in circulation 6,851 8,040 8,160 8,173 8,215 8,322 8,497
Deposits included in broad money - 0 0 0 0 0 0
Deposits excluded from broad money 13,467 47,328 66,671 69,346 70,250 74,122 74,635
Securities included in broad money - 0 0 0 0 0 0
Securities excluded from broad money 595 0 450 275 375 575 250
Loans and repurchase agreements 1,591 1,700 2,017 1,884 1,873 1,574 1,647
Financial derivatives 1,426 1,483 353 449 478 409 534
Other accounts payable 194 732 781 1,164 473 1,042 313
Shares and other equity capital 2,839 3,200 2,939 2,835 2,840 2,773 2,793
TOTAL LIABILITIES 26,962 62,483 81,371 84,126 84,504 88,816 88,668

Find out more about how the Reserve Bank used its balance sheet to support monetary and financial stability

The data: coverage, periodicity, and timeliness

Coverage characteristics

The table shows assets and liabilities as at end of month in millions of New Zealand dollars. All assets and liabilities denominated in foreign currency are converted into New Zealand dollars at the relevant exchange rates at balance date. The data starts from December 2001.

The table excludes New Zealand accounts with the IMF. IMF accounts are managed by the Debt Management Office at the New Zealand Treasury.

Go to the Treasury for more information.

R2 presents balance sheet accounts by instrument and currency. The format follows guidelines described in the Monetary and Financial Statistics Manual (IMF 2000) and Compilation Guide (IMF 2008), modified to meet confidentiality requirements. Some items common to R2 and the accounting balance sheet may differ in value due to methodological and presentational differences.

The relevant financial instruments are:

  • Monetary gold and SDR
  • Currency and Deposits
  • Securities other than shares
  • Loans
  • Shares and other equity
  • Financial derivatives
  • Other accounts payable/receivable
  • Nonfinancial assets

Periodicity

Monthly

Timeliness

Data is released two to three weeks after the reference month.

Access by the public

Statistics release calendar

The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.

View the Statistics Release Calendar.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

The information is disseminated by the Reserve Bank as a service to the public in a format that preserves the confidentiality of transactions. The function and operations of the Reserve Bank are governed by the Reserve Bank Act 1989.

Find out more about the Reserve Bank Act 1989.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. This applies to the summary table only and not excel files. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website.

Any major changes in methodology will be posted as a special note.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

The statistical data are prepared using guidelines contained in the Monetary and Financial Statistics Manual (IMF 2000) and subsequent Compilation Guide (IMF 2008).

Go to the International Monetary Fund for more information.

Assets

Monetary gold and holdings of SDR

Nil. During 1998/1999, the Reserve Bank's role as holder of International Monetary Fund Special Drawing Rights (SDR) was transferred to the New Zealand Treasury. The foreign currency assets and liabilities transferred to the New Zealand Treasury were of equal value.

Currency and deposit

Holdings of foreign notes and coin
Physical currency issued by foreign central banks or emitting institutions held by RBNZ. Nil.

Transferable deposits
Current account balances.

Other deposits
Deposits other than transferable balances.

Securities other than shares

Marketable securities and negotiable financial instruments other than share equities.

Loans

Loans and advances including securities repurchase agreements.

Shares and other equity

Shareholding in the Bank for International Settlement (BIS).

Financial derivatives

Derivative financial instruments in a notional gain position.

Other accounts receivable

Settlement accounts, items in the process of collection, dividends and other receivables.

Non-financial assets

Fixed assets, inventories and other non-financial assets.

Liabilities

Currency in circulation

Notes and coin issued by the Reserve Bank excluding currency held in inventory.

Deposits included in Broad Money

RBNZ deposit accounts included in the national definition of broad money.

Deposits excluded from Broad Money

RBNZ deposit accounts excluded from the national definition of broad money.

Securities other than shares, included in Broad Money

Marketable securities included in the national definition of broad money.

Securities other than shares, excluded from Broad Money

Marketable securities excluded from the definition of broad money.

Loans

Loans and advances including securities repurchase agreements.

Financial derivatives

Derivative financial instruments in a notional loss position.

Other accounts payable

Include securities settlement accounts, dividends payable and other accounts payable.

Shares and other equity

Capital, reserves and valuation adjustment.

Revision of Reserve Bank balance sheet June to August 2021

14 October 2021

During September 2021, a dividend of $140m was finalised and paid to the Crown. The June, July and August 2021 data has been restated to reflect the impact of the dividend paid. Additionally, previously the LSAP indemnity has been reported in the ‘Financial derivatives in foreign currency’ category in R2. This has been reclassified and included in the ‘Financial derivatives in NZ dollars’ category. In R3, the reclassification moves the LSAP indemnity from ‘Claims on ODC in foreign currency’ into ‘Claims on central government in NZ dollars’.

Symbols and conventions for summary table

0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
light red background Historical

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.