Security National : Balance Sheet as at 24 December 2019

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.