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Our analytical accounts (R3)

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:
Jul 2020 Jul 2021 Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022
ASSETS
Net foreign assets 21,940 12,291 13,810 12,517 16,331 14,180 14,319
Claims on non-residents 22,958 13,096 14,526 13,524 17,061 15,420 15,363
less Liabilities to non-residents 1,018 805 716 1,007 730 1,239 1,044
Claims on other depository corporations 992 6,132 11,927 11,863 12,569 14,332 15,970
Net claims on central government 12,246 25,934 32,268 35,838 29,119 29,432 32,718
Claims on central government 34,308 65,111 64,834 63,924 63,923 63,986 63,775
less Liabilities to central government (1) 22,063 39,177 32,566 28,085 34,804 34,553 31,057
Claims on other sectors 3 4 4 4 4 4 4
LIABILITIES
Monetary base 31,797 40,627 55,314 56,390 54,205 53,866 56,618
Currency in circulation 7,926 8,215 9,020 9,087 8,987 8,978 8,895
Liabilities to other depository corporations (2) 23,870 32,412 46,294 47,303 45,218 44,888 47,723
Liabilities to other sectors - - - - - - -
Other liabilities to other depository corporations 283 940 166 1,100 1,180 1,377 3,657
Deposits and securities excluded from monetary base 0 0 0 0 0 0 0
Loans - - - - - - -
Financial derivatives - - - - - - -
Shares and other equity capital 3,156 2,840 2,587 2,662 2,696 2,770 2,799
Other items (net) -54 -46 -58 70 -57 -63 -63
MEMORANDUM ITEMS
(1) Crown settlement accounts 19,917 37,611 31,164 26,684 33,400 33,150 29,655
(2) Settlement institutions' balances 23,870 32,412 46,294 47,303 45,218 44,888 47,723

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 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.