Bank of Canada Statement of Financial Position

Summary#

This notice publishes the unaudited statement of financial position for the Bank of Canada as of October 31, 2022. It shows total assets and total liabilities and equity of $432,093 million and provides a line-by-line breakdown of holdings, deposits and reserves. The statement was signed on November 24, 2022 and published in the Canada Gazette on December 10, 2022.

What it does#

• Provides an unaudited balance-sheet snapshot for the Bank of Canada at October 31, 2022 (amounts are in millions of dollars).
• Shows total assets of $432,093 million and total liabilities and equity of $432,093 million.
• Breaks assets down into:
  • Cash and foreign deposits: $11 million
  • Loans and receivables: $436 million
  • Investments (large item): $397,693 million
  • Derivatives / indemnity agreements with the Government of Canada: $32,859 million
  • Capital assets: $667 million
  • Other assets: $427 million
• Breaks liabilities and equity down into:
  • Bank notes in circulation: $116,525 million
  • Deposits (total): $291,758 million, including:
    • Government of Canada deposits: $93,222 million
    • Members of Payments Canada deposits: $186,603 million
    • Other deposits: $11,933 million
  • Securities sold under repurchase agreements: $22,734 million
  • Other liabilities: $320 million
  • Total liabilities: $431,337 million
  • Total equity: $756 million, made up of share capital $5 million, statutory and special reserves $100 million, investment revaluation reserve $419 million, actuarial gains reserve $397 million, and retained earnings ($165 million).
• The statement is signed by Coralia Bulhoes (Chief Financial Officer and Chief Accountant) and Tiff Macklem (Governor) on November 24, 2022.

Who's affected#

• People who follow Canada’s public finances: economists, financial analysts, and journalists.
• Banks and other participants in the payments system, including members of Payments Canada, because the statement shows settlement and deposit balances.
• The Government of Canada, as a major depositor listed in the statement.
• The general public and taxpayers interested in central-bank transparency.
• If it’s unclear who else is affected, note that this is primarily an informational release rather than a new policy or regulation.

Why it matters#

• It gives a clear, official view of the central bank’s holdings and liabilities at a point in time. That matters for transparency and public accountability.
• Large items like $397,693 million in investments and $116,525 million in bank notes in circulation show how the Bank carries out monetary and settlement functions in practice.
• Analysts use these numbers to understand the Bank’s balance-sheet size, the mix of assets, and how payments and government deposits are being held.
• Because the statement is unaudited, it is a timely snapshot rather than a final audited report.