Bank of Canada assets and liabilities: Month-end (formerly B1)

On this page you can graph, download and view the latest monthly data. See the notes for this table for metadata and background information.

Typically published between the 8th and 13th business day of the month. December data are typically published in February.

Monthly Series

Month-end, Millions of dollars1 2CANSIM2020‑042020‑052020‑062020‑072020‑08
Assets
Government of Canada direct and guaranteed securities
Treasury BillsV3665365,818107,840129,526133,808106,971
Government of Canada Bonds
3 years and underV3665549,56763,22380,79393,444101,834
3-5 yearsV3665621,78826,16334,87942,15146,286
5-10 yearsV3665717,90522,31226,79932,13640,979
Over 10 yearsV3665816,38222,43524,18629,91632,741
Total Government of Canada BondsV36654105,642134,133166,658197,648221,839
Real Return BondsV1160914547 1,2701,2831,3271,334
Canada Mortgage BondsV10381006574,3466,1987,4488,1778,739
TotalV36652175,806249,441304,914340,959338,883
Provincial Money Marketv11460672654,3826,3767,6297,3727,377
Provincial BondsV1160914548 2,6135,1307,0078,416
Bankers’ Acceptancesv114606726617,0223,8311,70900
Commercial Paperv11460672672,9931,9241,62700
Corporate BondsV1160914549 22139141141
Loans and receivables
Advances to members of Payments CanadaV36663881606606626712
Securities purchased under resale agreementsV36670187,421204,289205,186185,554185,751
Other loans and receivablesV4155017236454
Other investmentsV36660481492490502500
Cash and foreign currency depositsV3666176887
Derivatives: Indemnity agreements with the Government of CanadaV1210799372 51
All other assetsV36659770774754731728
Total assetsV36651389,767470,381528,197542,905542,571
Liabilities and capital
Notes in circulationV3667293,89696,954100,066102,058102,393
Canadian dollar deposits
Government of CanadaV3667785,913138,323146,573148,231123,240
Members of Payments CanadaV41886561198,759224,085269,228281,972307,540
OtherV366819,5719,17410,6798,2597,791
Securities sold under repurchase agreementsV418865620004332
Derivatives: Indemnity agreements with the Government of CanadaV1210798116 4519640
Foreign currency liabilitiesV3668200000
All other liabilitiesV366841,0561,261619785983
CapitalV41886563573584582594592
Total liabilities and capitalV36671389,767470,381528,197542,905542,571

Notes

Source: Bank of Canada

Bank of Canada assets and liabilities: Month-end (formerly B1) was previously named Bank of Canada: Monthly series (B1).

The Bank of Canada commenced operations in March 1935 under the terms of the Bank of Canada Act of 1934. Data for the month-end series (Bank of Canada assets and liabilities: Month-end (formerly B1)) are available from the commencement of operations and for the Wednesday series (Bank of Canada assets and liabilities: Weekly (formerly B2)), from 1954. The statement of assets and liabilities presented in the tables follows in general the form presented in the Bank of Canada Act. In compliance with the 1991 Bank Act, the statutory requirement on chartered banks to hold reserves against certain of their deposit liabilities was reduced to zero in July 1994. Positions of members of Payments Canada with the Bank of Canada (formally B3) presents information consistent with the new framework for monetary policy implementation in the period after the inception of the Large Value Transfer System on 4 February 1999.

The Bank of Canada transitioned to reporting under International Financial Reporting Standards (IFRS) effective 1 January 2011.

Payments Canada was formerly known as the Canadian Payments.

Government of Canada direct and guaranteed securities held by the Bank are purchased in the open market from investment dealers and chartered banks, or directly from the Receiver General for Canada. Prior to 10 November 1999, this category includes the amount of securities held under purchase and resale agreements (PRAs).

Advances to members of Payments Canada. Prior to 1 December 1980, these were made only to chartered banks and Quebec savings banks.

Other investments consist mainly of holdings of U.S. dollar-denominated securities.

All other assets consist principally of Bank premises and equipment. Beginning 10 November 1999, this category includes the amount of securities held under purchase and resale agreements (PRAs). Prior to that date, the amount of securities held under purchase and resale agreements is included in Government of Canada direct and guaranteed securities. This category also includes other bills, advances to the Government of Canada, and investment in the IDB.

Purchase and resale agreements (PRAs) are arrangements whereby the Bank of Canada provides temporary accommodation to certain money market participants through the purchase of Government of Canada securities with a commitment to resell them at a later date.

Notes in circulation include notes held by the chartered banks and by the general public. The total includes a small amount of notes issued by governments and banks before the Bank of Canada became the sole issuer of notes in circulation in Canada and took over the liability for these early notes from their original issuers.

Canadian dollar deposits of the Government of Canada. This is the deposit account used by the Receiver General for Canada for current requirements. Receipts and disbursements made by the Bank of Canada in performing its fiscal agency functions for the government are handled through this account. The Receiver General for Canada also maintains deposit accounts with the participants in the Large Value Transfer System and the direct clearers of Payments Canada.

Other Canadian dollar deposits include privately owned balances transferred by the chartered and savings banks because they have been unclaimed for 10 years. Prior to February 1983 this item also included deposits of the Quebec savings banks.

Foreign currency liabilities include balances maintained by the federal government and by other central banks.

All other liabilities include the net revenue of the Bank of Canada payable to the Receiver General for Canada and the total of the paid-up capital ($5 million), and the rest fund ($25 million). At 31 December 1955, the rest fund had reached the maximum permitted under the Bank of Canada Act of five times the paid-up capital. Since then, all of the net revenue has been remitted to the Receiver General for Canada. Effective 1 January 2010, based on an agreement with the Minister of Finance, the Bank will deduct from its remittances an amount equal to unrealized losses on available-for-sale assets. Also included is accrued postretirement and post-employment benefit liabilities.

  1. 1. The Bank accounts for all financial instruments using settlement-date accounting.[]
  2. 2. Includes Overnight Repo and Term Repo Operations.[]