Reserve Bank analytical accounts ($m) - R3

Released
14 September 2020 03:00 p.m.
Next release
14 October 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Aug 2018 Aug 2019 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020
ASSETS
Net foreign assets 24,848 21,987 27,949 25,812 25,944 21,940 16,026
Claims on non-residents 25,834 23,363 29,970 27,213 26,863 22,958 17,652
less Liabilities to non-residents 986 1,376 2,021 1,401 919 1,018 1,626
Claims on other depository corporations 214 1,007 1,137 1,327 953 992 895
Net claims on central government -7,370 -4,139 11,453 10,649 7,955 12,478 13,955
Claims on central government 3,408 3,274 15,224 22,413 28,017 34,308 40,262
less Liabilities to central government (1) 10,778 7,414 3,772 11,765 20,062 21,830 26,307
Claims on other sectors 3 4 3 3 3 3 4
LIABILITIES
Monetary base 13,847 14,629 36,662 34,088 31,327 31,797 27,426
Currency in circulation 6,348 6,780 7,972 8,086 7,939 7,926 8,055
Liabilities to other depository corporations (2) 7,499 7,849 28,690 26,002 23,388 23,870 19,371
Liabilities to other sectors - - - - - - -
Other liabilities to other depository corporations 1,246 1,496 851 705 556 515 350
Deposits and securities excluded from monetary base - - 0 0 0 0 0
Loans - - - - - - -
Financial derivatives - - - - - - -
Shares and other equity capital 2,645 2,795 3,086 3,052 3,024 3,156 3,158
Other items (net) -43 -62 -57 -55 -53 -54 -55
MEMORANDUM ITEMS
(1) Crown settlement accounts 8,344 5,628 1,475 9,669 18,159 19,917 23,761
(2) Settlement institutions' balances 7,499 7,849 28,690 26,002 23,388 23,870 19,371

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 site for more information.

R3 shows balance sheet accounts classified by broad institutional sector of counterparties. Net foreign assets are net claims on non-residents and include such reserves as defined in the International Reserves and Foreign Currency Liquidity (IMF 2001 & 2012) plus other relevant assets of RBNZ. The main aggregates on the liability side are the monetary base, liabilities to other depository corporations and the Reserve Bank's capital equity.

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 main counterparty sub-sectors in the New Zealand economy are:

  • Financial Corporations
    • Reserve Bank of New Zealand
    • Other Depository Corporations
      • Registered Banks
        • Private registered banks
        • Government registered bank
      • Savings institutions
        • Credit Unions
        • Building Societies
      • Deposit taking finance companies
      • Managed funds (PIE funds)
    • Other financial corporations
      • Insurance companies
      • Pension funds
      • Other financial corporations except insurance and pension funds
  • Nonfinancial corporations
    • Private producer enterprises
    • Producer boards
    • Government enterprises
      • Central government enterprises
      • Local government enterprises
  • General government
    • Central government
      • Central government
      • Funded Social Security schemes
    • Local government
    • Rūnanga Iwi
  • Other resident sectors
    • Households
    • Non-profit institutions serving households

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..

Official reserve assets (MFSM 2000)

RBNZ gross liquid claims on non-residents, excluding New Zealand accounts with the IMF. Include securities encumbered in repurchase agreements and similar reverse transactions. For international reserves data defined according to Balance of Payments/International Investment Position (IIP) standards, see table E1 and SDDS.

Monetary base

A set of liquid liabilities that, according to MFSM 2000, supports the expansion of broad money and credit. Also referred to as high-powered money, the concept includes currency in circulation outside RBNZ and settlement accounts of depository corporations at RBNZ. Exclude Reserve Bank Bills issued by RBNZ. Compulsory reserve requirements on depository corporations were abolished in February 1985

Short term

Financial instruments with original maturities of one year or less

Long term

Financial instruments with original maturities of over one year

Repurchase agreements

Securities repurchases, reverse repurchases and securities lending are classified as collateralised loans

Other depository corporations (ODC)

Registered banks and other deposit taking institutions operating in New Zealand

Other financial corporations (OFC)

Insurance companies, pension funds and other non-deposit taking financial corporations

Central government

Government departments, local authorities, Rūnanga Iwi and funded social security schemes

Public non-financial corporations

Government and local authority trading enterprises

Other non-financial corporations

Private producer enterprises

Other resident sectors

Households and non-profit institutions serving households

Non-residents

Entities whose centre of economic interest is located outside New Zealand territories

Memorandum item: Crown settlement accounts

Transferable deposits of the central government at the Reserve Bank

Memorandum item: Settlement institutions balances

Transferable deposits of ESAS account holders at the Reserve Bank. Settlement institutions include several registered banks and other approved financial institutions

MFSM 2000

Statistical methodology and guidelines contained in the Monetary and Financial Statistics Manual, IMF 2000

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.