| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| May 2024 | May 2025 | Jan 2026 | Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | |
| ASSETS | |||||||
| Net foreign assets | 22,701 | 36,726 | 39,490 | 40,046 | 43,418 | 43,458 | 42,058 |
| Claims on non-residents | 25,457 | 39,166 | 42,083 | 41,314 | 47,264 | 45,973 | 44,814 |
| less Liabilities to non-residents | 2,756 | 2,440 | 2,593 | 1,269 | 3,847 | 2,515 | 2,756 |
| Claims on other depository corporations | 19,022 | 10,755 | 7,467 | 7,151 | 9,291 | 4,564 | 6,677 |
| Net claims on central government | 16,401 | 1,215 | -5,572 | -3,688 | -7,735 | -7,576 | -7,224 |
| Claims on central government | 40,155 | 27,249 | 23,559 | 23,282 | 22,873 | 22,074 | 19,946 |
| less Liabilities to central government (1) | 23,754 | 26,034 | 29,131 | 26,971 | 30,609 | 29,650 | 27,171 |
| Claims on other sectors | 6 | 6 | 7 | 6 | 6 | 6 | 6 |
| LIABILITIES | |||||||
| Monetary base | 52,730 | 43,049 | 35,843 | 37,743 | 38,544 | 34,462 | 35,690 |
| Currency in circulation | 8,910 | 9,092 | 9,887 | 9,873 | 10,234 | 10,232 | 10,160 |
| Liabilities to other depository corporations (2) | 43,820 | 33,957 | 25,956 | 27,870 | 28,311 | 24,230 | 25,531 |
| Liabilities to other sectors | - | - | - | - | - | - | - |
| Other liabilities to other depository corporations | 366 | 328 | 324 | 361 | 898 | 564 | 457 |
| Deposits and securities excluded from monetary base | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Loans | - | - | - | - | - | - | - |
| Financial derivatives | - | - | - | - | - | - | - |
| Shares and other equity capital | 5,086 | 5,361 | 5,257 | 5,443 | 5,566 | 5,456 | 5,398 |
| Other items (net) | -52 | -36 | -32 | -32 | -29 | -30 | -29 |
| MEMORANDUM ITEMS | |||||||
| (1) Crown settlement accounts | 23,754 | 26,034 | 29,129 | 26,968 | 30,605 | 29,646 | 27,167 |
| (2) Settlement institutions' balances | 43,820 | 33,957 | 25,956 | 27,870 | 28,311 | 24,230 | 25,531 |
Provision for dividend not included in Reserve Bank balance sheet
14 July 2025
If a dividend is formally approved for the 2024/25 financial year then R1, R2 and R3 will be retrospectively updated to reflect a dividend after the Bank’s Annual Report is published in October.
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 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:
- 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
- funded social security schemes
- local government
- rūnanga iwi
- other resident sectors
- households
- non-profit institutions serving households.
Periodicity
Monthly.
Timeliness
We release data 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. We update and release it 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
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
Provision of information about revisions and advance notice of major changes in methodology
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.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics
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.
Official reserve assets (MFSM 2000)
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.
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 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.
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
The central government’s transferable deposits held with us.
Memorandum item: Settlement institutions balances
ESAS account holders’ transferable deposits held with us. 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
| Symbol or convention | Definition |
|---|---|
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| Light grey 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.