WEATHERING THE STORM
• 1RESERVE BANK OF NEW ZEALAND ANNUAL REPORT 2008 – 2009
Our Vision and Values ...............................................................ifcThe Reserve Bank of New Zealand – what we do........................2The year at a glance ....................................................................3Governor’s Statement ..................................................................4Board of Directors’ Report for the year ended
30 June 2009 ......6
Planning and reporting framework ............................................10Strategic Priorities and outcomes 2008-09 ................................11Reserve Bank departmental structure ........................................12Board of Directors .....................................................................13Governance ...............................................................................14Chronology ...............................................................................18The year in review .....................................................................20
Monetary policy formulation ..............................................20Financial markets:Domestic marketsForeign reserves management ........................................22Box 1:Liquidity management and the Bank’s balance sheet .........25Financial system surveillance and policy ..........................27Box 2: Non-bank supervision progress ................................29Currency operations .......................................................30Depository and settlement services .................................32Human resources ............................................................34Knowledge services ........................................................36Internal financial services ................................................37Communications ............................................................38Property management and security ................................38International activities .....................................................39
Our Financial Statements – an overview ....................................40
Financial projections ...........................................................48Strategic Priorities for 2009-10 ...........................................50
Contents of the Financial Statements ........................................51
Management Statement ....................................................52Audit Report.......................................................................53Reserve Bank of New Zealand 2008-09Financial Statements ...........................................................56Five-year historical financial information ...........................107
COntents
Reserve Bank of New Zealand Annual Report and Financial Statements for the financial year ended 30 June 2009, prepared pursuant tosection 163 of the Reserve Bank of New Zealand Act 1989, published September 2009.ISSN 0110 7070
Leave a Comment