News Release
06 January 2020
BANK OF JAMAICA
BALANCE SHEET
AS AT 24 DECEMBER 2019
2018 | 2019 | 2019 | |
24 DEC | 11 DEC | 24 DEC | |
ASSETS | $'000 | $'000 | $'000 |
FOREIGN ASSETS | 41,580,425 | 42,858,584 | 42,641,846 |
Bonds & Other Long Term Securities | |||
Time Deposits & Other Cash Resources | 376,032,705 | 414,975,205 | 408,071,400 |
IMF - Holding of Special Drawing Rights | 31,516,141 | 30,593,545 | 30,446,420 |
TOTAL FOREIGN ASSETS | 449,129,271 | 488,427,334 | 481,159,666 |
LOCAL ASSETS | |||
Government Obligations | 155,500,577 | 172,159,814 | 172,466,892 |
Holdings of GOJ Securities | |||
Advances and Other GOJ Receivables | 11,541,080 | 0 | 0 |
Advances to Financial Institutions | 9,125,000 | 16,400,000 | 16,400,000 |
Other Assets | 23,798,876 | 23,497,761 | 24,580,458 |
TOTAL LOCAL ASSETS | 199,965,533 | 212,057,575 | 213,447,350 |
TOTAL ASSETS | 649,094,804 | 700,484,909 | 694,607,016 |
LIABILITIES, CAPITAL AND RESERVES | |||
DEMAND LIABILITIES | 131,334,062 | 130,589,662 | 151,717,768 |
Notes & Coins in Circulation | |||
Deposits | 84,142,966 | 130,585,529 | 125,790,302 |
Public Sector | |||
IMF(GOJ) | 68,003,296 | 64,278,757 | 62,825,776 |
Commercial Banks and Other LFIs | 132,632,480 | 159,015,077 | 141,758,426 |
Other | 7,064,961 | 5,708,264 | 3,749,181 |
TOTAL DEMAND LIABILITIES | 423,177,765 | 490,177,289 | 485,841,453 |
OTHER LIABILITIES | |||
IMF - Allocation of Special Drawing Rights | 46,562,438 | 48,257,710 | 48,025,633 |
Foreign Liabilities | 281,306 | 253,340 | 331,558 |
Open Market Instruments | 150,510,529 | 109,349,056 | 108,166,164 |
Amounts Due to Government of Jamaica* | 10,403,714 | 26,556,318 | 26,545,703 |
Other Liabilities | 3,218,614 | 2,794,781 | 2,498,885 |
TOTAL OTHER LIABILITIES | 210,976,601 | 187,211,205 | 185,567,943 |
CAPITAL AND RESERVES | |||
Capital authorised and paid up by | |||
Government of Jamaica | 4,000 | 4,000 | 4,000 |
General Reserve Fund | 20,000 | 20,000 | 20,000 |
Capital Reserve | 0 | 3,021,352 | 3,021,352 |
Special Stabilization Reserves | 1,377,337 | 1,482,511 | 1,482,511 |
Contingency Reserves and Provisions | 13,539,101 | 18,568,552 | 18,669,757 |
TOTAL CAPITAL & RESERVES | 14,940,438 | 23,096,415 | 23,197,620 |
TOTAL LIABILITIES, CAPITAL & RESERVES | 649,094,804 | 700,484,909 | 694,607,016 |
*Note: The year to date profit of $17.44bn is included in Amounts Due to Government of Jamaica. This reporting format is congruent with Section 9 of the Bank of Jamaica Act, which provides for losses incurred by the Bank of Jamaica to be funded by the Government while profits earned by the Bank are due to the Government.
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Bank of Jamaica published this content on 08 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 January 2020 18:42:09 UTC