Bank of Canada Statement — May 31, 2022

Summary#

This is the Bank of Canada unaudited statement of financial position as at May 31, 2022. It shows total assets and total liabilities and equity of 462,460 (amounts are in millions of dollars) and was signed off on June 20, 2022 by Coralia Bulhoes and Tiff Macklem.

What it does#

• Publishes the central bank’s balance sheet at a single date. Amounts are shown in millions of dollars.
• Lists major asset categories, including:
  • Cash and foreign deposits: 9
  • Loans and receivables (total): 581
  • Investments (total): 433,554, made up in part of:
    • Government of Canada bonds — amortized cost: 123,663
    • Government of Canada bonds — fair value through profit and loss: 241,451
    • Canada Mortgage Bonds: 9,515
    • Other bonds: 12,597
    • Securities lent or sold under repurchase agreements: 45,863
    • Shares in the Bank for International Settlements (BIS): 465
  • Derivatives — indemnity agreements with the Government of Canada: 27,288
  • Capital assets (property, equipment, intangibles, leases): 675
  • Other assets: 353
• Lists major liabilities and equity items, including:
  • Bank notes in circulation: 115,976
  • Deposits (total): 300,413, including:
    • Government of Canada deposits: 103,061
    • Members of Payments Canada deposits: 186,654
    • Other deposits: 10,698
  • Securities sold under repurchase agreements: 44,267
  • Other liabilities: 976
  • Total liabilities: 461,632
  • Total equity (share capital and reserves): 828 (including share capital 5, statutory and special reserves 125, investment revaluation reserve 427, actuarial gains reserve 271)

Who's affected#

• People who follow public finances and monetary policy, such as economists, market participants and journalists.
• Institutions that interact with the Bank, including Government of Canada and Members of Payments Canada, whose deposits are shown.
• The general public interested in the size and composition of the central bank’s holdings and liabilities.

Why it matters#

• The statement shows the scale of the Bank of Canada balance sheet (total of 462,460 million). That scale matters because it reflects the bank’s holdings of government bonds and its role in providing money and liquidity to the economy.
• Key items to watch include bank notes in circulation (115,976), large deposits (300,413) and the sizable holdings of government bonds (123,663 and 241,451). These influence how the Bank carries out monetary operations.
• This is a snapshot for one date (unaudited). It helps people track changes over time in what the Bank owns and owes, but it does not, by itself, explain policy decisions.