This is the Reserve Bank's balance sheet – a summary of the assets and liabilities we hold to fulfil our functions – classified by broad institutional sector of counterparties.
Previous years: | Monthly: | ||||||
---|---|---|---|---|---|---|---|
Dec 2020 | Dec 2021 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | |
ASSETS | |||||||
Net foreign assets | 11,027 | 14,497 | 15,524 | 16,900 | 14,916 | 16,159 | 15,813 |
Claims on non-residents | 12,121 | 15,334 | 16,739 | 19,003 | 16,856 | 19,473 | 18,144 |
less Liabilities to non-residents | 1,094 | 837 | 1,216 | 2,103 | 1,940 | 3,314 | 2,331 |
Claims on other depository corporations | 1,899 | 9,004 | 16,022 | 16,783 | 18,508 | 21,044 | 21,046 |
Net claims on central government | 28,686 | 33,649 | 29,825 | 29,936 | 30,660 | 30,892 | 36,896 |
Claims on central government | 58,558 | 64,678 | 63,397 | 63,180 | 62,350 | 62,105 | 61,602 |
less Liabilities to central government (1) | 29,873 | 31,029 | 33,573 | 33,245 | 31,690 | 31,213 | 24,706 |
Claims on other sectors | 4 | 4 | 4 | 5 | 5 | 5 | 7 |
LIABILITIES | |||||||
Monetary base | 38,125 | 53,649 | 53,454 | 55,887 | 58,069 | 61,426 | 65,815 |
Currency in circulation | 8,551 | 9,187 | 8,878 | 8,923 | 9,023 | 9,016 | 9,369 |
Liabilities to other depository corporations (2) | 29,574 | 44,462 | 44,576 | 46,964 | 49,046 | 52,410 | 56,446 |
Liabilities to other sectors | - | - | - | - | - | - | - |
Other liabilities to other depository corporations | 473 | 812 | 5,201 | 4,872 | 3,254 | 4,025 | 5,281 |
Deposits and securities excluded from monetary base | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Loans | - | - | - | - | - | - | - |
Financial derivatives | - | - | - | - | - | - | - |
Shares and other equity capital | 3,070 | 2,745 | 2,782 | 2,925 | 2,825 | 2,711 | 2,729 |
Other items (net) | -53 | -52 | -63 | -62 | -60 | -62 | -62 |
MEMORANDUM ITEMS | |||||||
(1) Crown settlement accounts | 28,268 | 29,618 | 32,169 | 31,838 | 30,289 | 29,808 | 23,296 |
(2) Settlement institutions' balances | 29,574 | 44,462 | 44,576 | 46,964 | 49,046 | 52,410 | 56,446 |
14 November 2022
R1, R2 and R3 have been re-classified to match the Bank’s Annual Report published in October 2022.
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 International Monetary Fund. 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 and 2012) plus other relevant assets we hold. The main aggregates on the liability side are the monetary base, liabilities to other depository corporations and our 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 New Zealand’s economy are:
Monthly.
We release data two to three weeks after the reference month.
The statistics release calendar provides a long-term plan of scheduled releases. We update and release it on the first working day of the month.
View the statistics release calendar
We provide this information as a service to the public in a format that preserves the confidentiality of transactions. Our function and operations are governed by the Reserve Bank of New Zealand Act 1989.
Find out more about the Reserve Bank of New Zealand Act 1989
Provisional data are italicised. New data, or revised data, are in bold font. We deem data as provisional when a series is under review. This applies to the summary table only and not Excel files. We generally publish revisions when we are next due to update and release the table. Should we need to make revisions more promptly, we will post a special note.
Any major changes in methodology will be posted as a special note.
We prepare statistical data using guidelines contained in the Monetary and Financial Statistics Manual (IMF 2000) and subsequent Compilation Guide (IMF 2008).
Go to the International Monetary Fund website for more information.
Our 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 tables E1 and SDDS.
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 of the Reserve Bank and our settlement accounts of depository corporations. It excludes Reserve Bank bills that we issue. Compulsory reserve requirements on depository corporations were abolished in February 1985.
Financial instruments with original maturities of one year or less.
Financial instruments with original maturities of over one year.
Securities repurchases, reverse repurchases and securities lending are classified as collateralised loans.
Registered banks and other deposit taking institutions operating in New Zealand.
Insurance companies, pension funds and other non-deposit taking financial corporations.
Government departments, local authorities, rūnanga iwi and funded social security schemes.
Government and local authority trading enterprises.
Private producer enterprises.
Households and non-profit institutions serving households.
Entities whose centre of economic interest is located outside New Zealand territories.
The central government’s transferable deposits held with us.
ESAS account holders’ transferable deposits held with us. Settlement institutions include several registered banks and other approved financial institutions.
Statistical methodology and guidelines contained in the Monetary and Financial Statistics Manual, IMF 2000.
Symbol or convention | Definition |
---|---|
0 | Zero or value rounded to zero |
- | Not applicable |
.. | Not available |
bold | Revised/new |
italics | Provisional |
Light grey background | Historical |
View other data in the Reserve Bank balance sheet statistics series.