Bank of Canada balance sheet Feb 28, 2022

Summary#

The Bank of Canada published an unaudited statement of financial position as at February 28, 2022. It shows total assets and total liabilities and equity of $495,082 million and was declared correct on March 18, 2022 by Coralia Bulhoes and Tiff Macklem.

What it does#

This notice gives a line-by-line snapshot of the central bank’s balance sheet on one date. Key figures include:

• Total assets: $495,082 million
  • Cash and foreign deposits: $7 million
  • Loans and receivables: $18,936 million
  • Investments (mainly Government of Canada bonds and other securities): $461,331 million
  • Derivatives (indemnity agreements with the Government of Canada): $13,925 million
  • Capital assets (property, equipment, software, leased assets): $683 million
  • Other assets: $200 million
• Total liabilities and equity: $495,082 million
  • Bank notes in circulation: $111,902 million
  • Deposits (total $348,354 million), including:
    • Government of Canada deposits: $82,055 million
    • Members of Payments Canada: $255,723 million
    • Other deposits: $10,576 million
  • Securities sold under repurchase agreements: $32,858 million
  • Other liabilities: $1,360 million
  • Total liabilities: $494,474 million
  • Total equity: $608 million, made up of:
    • Share capital: $5 million
    • Statutory and special reserves: $125 million
    • Investment revaluation reserve: $435 million
    • Actuarial gains reserve: $43 million

Who's affected#

• The primary subject is the Bank of Canada and its financial position.
• People who watch government finances and monetary policy will notice this: economists, financial market participants, researchers, journalists, and policy analysts.
• The figures for deposits by Members of Payments Canada may be of interest to banks and payments-system participants.
• For most members of the public, this is general transparency information rather than something that changes day-to-day activity.

Why it matters#

• It gives a clear, dated snapshot of how large the central bank’s balance sheet was and what it held on February 28, 2022.
• The statement shows where the Bank’s funds are concentrated (large holdings of government bonds and securities) and its obligations (currency in circulation and deposits).
• That information helps analysts and the public follow monetary operations and financial-sector stability over time.
• Note: the statement is labelled “unaudited,” so it is a management-prepared snapshot rather than a final audited report.