Kia ora, 

  

Thank you for contacting the Reserve Bank of New Zealand - Te Pūtea
Matua.  

Please note that this is an automatic reply to acknowledge that we have
received your email. We aim to respond to you in 7-14 working days. In the
meantime please read the below for our frequently asked questions. 

 

Upcoming Monetary Policy Announcements  

See all the Monetary Policy Announcement and Financial Stability Report
dates for 2022/2023 [1]here.  

Money & Cash  

* [2]Returning old or damaged currency 
* [3]The Future of Cash  
* [4]Security and counterfeit detection 
* [5]Using images of currency   

Banknote or coin suggestions   

If your email is offering suggestions related to banknote or coin designs
then it will be kept for review as part of any future work in this area.  

Who we are and what we do  

We are kaitiaki (guardians) of New Zealand’s financial ecosystem, working
to fulfil our purpose of Toitu te Ōhanga, Toitu te Oranga (enabling the
prosperity and wellbeing of all New Zealanders). We deliver on our mandate
by: 

* [6]Operating monetary policy to maintain low and stable inflation and
contribute to maximum sustainable employment 
* [7]Promoting a sound and efficient financial system 
* [8]Meeting the public’s cash needs 
* [9]Overseeing effective payments systems 

 

Statistics  

For any queries or clarifications on the [10]data and statistics we
publish, please email [11][email address].  

 

Firms we regulate  

The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).  

* [12]List of registered banks in New Zealand 
* [13]List of licensed insurers  
* [14]Register of licensed NBDTs 

 

Complaints about banks, insurers, and NBDTs 

If you have a complaint, please deal directly with your bank or insurer in
the first instance. You can also contact the [15]Banking Ombudsman,
the [16]Insurance and Financial Services Ombudsman, or the [17]Financial
Markets Authority. 

 

Looking for information about the strength of the financial system?  

Check out our [18]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system: 

* [19]Monetary Policy Statement 
* [20]Financial Stability Report  

 

Please note that the Reserve Bank is not authorised to give legal or
financial advice. Please contact a lawyer or a financial adviser
instead.  

 

Kōrero – our speaking and engagement programme 

 

Reserve Bank staff meet and speak with a wide range of businesses,
industry forums, community groups, schools and universities. These
engagements are welcome opportunities to discuss topical issues and
policies, hear people’s experiences and answer questions.  

 

Please check out the [21]Kōrero webpage for more information on the
programme. To request a speaker, please email [22][email address].  

 

 

We’ll be in touch as soon as possible. 

 

 

Kind regards | Ngā mihi nui 

 

Reserve Bank of New Zealand – Te Pūtea Matua   

2 The Terrace, Wellington 6011. PO Box 2498, Wellington 6140       

T + 04 471 3660 

E [23][RBNZ request email]   W [24]rbnz.govt.nz 

References

Visible links
1. https://aus01.safelinks.protection.outlo...
2. https://aus01.safelinks.protection.outlo...
3. https://aus01.safelinks.protection.outlo...
4. https://aus01.safelinks.protection.outlo...
5. https://aus01.safelinks.protection.outlo...
6. https://aus01.safelinks.protection.outlo...
7. https://aus01.safelinks.protection.outlo...
8. https://aus01.safelinks.protection.outlo...
9. https://aus01.safelinks.protection.outlo...
10. https://aus01.safelinks.protection.outlo...
11. mailto:[email address]
12. https://aus01.safelinks.protection.outlo...
13. https://aus01.safelinks.protection.outlo...
14. https://aus01.safelinks.protection.outlo...
15. https://aus01.safelinks.protection.outlo...
16. https://aus01.safelinks.protection.outlo...
17. https://aus01.safelinks.protection.outlo...
18. https://aus01.safelinks.protection.outlo...
19. https://aus01.safelinks.protection.outlo...
20. https://aus01.safelinks.protection.outlo...
21. https://aus01.safelinks.protection.outlo...
22. mailto:[email address]
23. mailto:[RBNZ request email]
24. https://aus01.safelinks.protection.outlo...

Dear Martin,

 

Official information request for annotated balance sheet entries for LSAP
purchases.

Thank you for your official information request of 31 October 2022 for:

1. Please provide the annotated accounting entries on the RBNZ, Treasury
and any other relevant balance sheets for a representative RBNZ sales
transaction

2. Please provide the annotated balance sheet entries for the Treasury's
funding for purchases under this programme

3. Please explain, with annotated balance sheet entries, the process of
retiring bonds, described here: "Bonds that NZDM repurchase from the
Reserve Bank will be retired".

If there is any other information that will aid understanding, it would be
appreciated too.

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 28 November 2022, being 20 working days after the
day of your request. If we are unable to respond to your request by then,
we will notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests and generally will not impose charges for small, simple
or infrequent requests. Where the request is for information that requires
substantial collation, research and preparation work, and is chargeable,
we will work with you first to refine the request to a smaller scale or
scope that is less likely to involve charges.

 

Responses to official information requests are published on the Reserve
Bank’s website. We will confirm in our decision letter to you whether we
intend to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[1]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

Yours sincerely,

 

Marie Ellen

Communications and Engagement Coordinator

Government and Industry Relations

Reserve Bank of New Zealand – [3]Text Description automatically generated
Te Pūtea Matua
[4]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [2]rbnz.govt.nz

 

 

 

From: Martin Taylor <[5][FOI #20994 email]>
Sent: Monday, 31 October 2022 2:46 pm
To: RBNZ Info <[6][RBNZ request email]>
Subject: Official Information request - Unwinding LSAP purchases - balance
sheet entries

 

Dear Reserve Bank of New Zealand,

Further to the RBNZ media release of 9 June 2022 headed "Reserve Bank
details planned sales of New Zealand Government Bonds"**, please provide
detailed accounting entries to show how this process works. In particular:

1. Please provide the annotated accounting entries on the RBNZ, Treasury
and any other relevant balance sheets for a representative RBNZ sales
transaction
2. Please provide the annotated balance sheet entries for the Treasury's
funding for purchases under this programme
3. Please explain, with annotated balance sheet entries, the process of
retiring bonds, described here: "Bonds that NZDM repurchase from the
Reserve Bank will be retired".

If there is any other information that will aid understanding, it would be
appreciated too.

** Media release reference:
[7]https://www.scoop.co.nz/stories/BU2206/S...

Yours faithfully,

Martin Taylor

-------------------------------------------------------------------

This is an Official Information request made via the FYI website.

Please use this email address for all replies to this request:
[8][FOI #20994 email]

Is [9][RBNZ request email] the wrong address for Official Information
requests to Reserve Bank of New Zealand? If so, please contact us using
this form:
[10]https://fyi.org.nz/change_request/new?bo...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[11]https://fyi.org.nz/help/officers

If you find this service useful as an Official Information officer, please
ask your web manager to link to us from your organisation's OIA or LGOIMA
page.

-------------------------------------------------------------------

References

Visible links
1. http://www.rbnz.govt.nz/research-and-pub...
2. https://aus01.safelinks.protection.outlo...
5. mailto:[FOI #20994 email]
6. mailto:[RBNZ request email]
7. https://aus01.safelinks.protection.outlo...
8. mailto:[FOI #20994 email]
9. mailto:[RBNZ request email]
10. https://aus01.safelinks.protection.outlo...
11. https://aus01.safelinks.protection.outlo...

Kia ora Martin

 

I am writing with regard to the OIA request you lodged with RBNZ, asking:

 

Further to the RBNZ media release of 9 June 2022 headed "Reserve Bank
details planned sales of New Zealand Government Bonds"**, please provide
detailed accounting entries to show how this process works. In particular:

1. Please provide the annotated accounting entries on the RBNZ, Treasury
and any other relevant balance sheets for a representative RBNZ sales
transaction
2. Please provide the annotated balance sheet entries for the Treasury's
funding for purchases under this programme
3. Please explain, with annotated balance sheet entries, the process of
retiring bonds, described here: "Bonds that NZDM repurchase from the
Reserve Bank will be retired".

If there is any other information that will aid understanding, it would be
appreciated too.”

Please be informed that some of the information you are requesting refers
to information held by the Treasury. We can only respond to your questions
insofar as involves the organisation, and cannot respond to questions
involving the Treasury’s information.

 

We are also seeking clarification on question  #3  - are you referring to
bond maturities(as opposed to bond close-outs/sales prior to maturity)?

 

With that in mind I wanted to give you an opportunity to amend or clarify
your request to help us properly respond with the right information.

 

Best regards,

 

Janeca Miranda

Senior Advisor, Government & Industry Relations

Reserve Bank of New Zealand – Te
Pûtea Matua
[3]cid:image019.png@01D75622.D76B9DF0
2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

E [4][IMG] [5][IMG] [6][IMG] [7][IMG] [8][IMG]
[1][email address]  
W [2]rbnz.govt.nz

 

 

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
4. https://nz.linkedin.com/company/reserve-...
5. https://twitter.com/reservebankofnz
6. https://www.youtube.com/user/reservebank...
7. https://www.facebook.com/ReserveBankofNZ
8. https://www.instagram.com/reservebankofnz/

Thanks Martin

 

We are currently processing your OIA based on the clarification below.

 

I have been in contact with Treasury to transfer the part of your request
that best sits with them and am still waiting on confirmation that they
will process this.

 

Best regards,

Janeca

From: Martin Taylor <[FOI #20994 email]>
Sent: Thursday, 10 November 2022 8:50 am
To: Janeca Miranda <[email address]>
Subject: Re: Question re OIA request

 

Dear Janeca Miranda,

Thanks for your request for clarification.
1. "seeking clarification on question #3 - are you referring to bond
maturities(as opposed to bond close-outs/sales prior to maturity)?"
Yes, bond maturities.
2. "some of the information you are requesting refers to information held
by the Treasury"
Understood. If your annotation can help me locate where I will need to
approach Treasury, and help Treasury to efficiently respond, that will be
helpful and appreciated.

Yours sincerely,

Martin Taylor

-----Original Message-----

Kia ora Martin

 

I am writing with regard to the OIA request you lodged with RBNZ, asking:

 

Further to the RBNZ media release of 9 June 2022 headed "Reserve Bank
details planned sales of New Zealand Government Bonds"**, please provide
detailed accounting entries to show how this process works. In particular:

1. Please provide the annotated accounting entries on the RBNZ, Treasury
and any other relevant balance sheets for a representative RBNZ sales
transaction
2. Please provide the annotated balance sheet entries for the Treasury's
funding for purchases under this programme
3. Please explain, with annotated balance sheet entries, the process of
retiring bonds, described here: "Bonds that NZDM repurchase from the
Reserve Bank will be retired".

If there is any other information that will aid understanding, it would be
appreciated too.”

Please be informed that some of the information you are requesting refers
to information held by the Treasury. We can only respond to your questions
insofar as involves the organisation, and cannot respond to questions
involving the Treasury’s information.

 

We are also seeking clarification on question  #3  - are you referring to
bond maturities(as opposed to bond close-outs/sales prior to maturity)?

 

With that in mind I wanted to give you an opportunity to amend or clarify
your request to help us properly respond with the right information.

 

Best regards,

 

Janeca Miranda

Senior Advisor, Government & Industry Relations

Reserve Bank of New Zealand – Te
Pûtea Matua
[3][1]cid:image019.png@01D75622.D76B9DF0
2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

E [4][IMG] [5][IMG] [6][IMG] [7][IMG] [8][IMG]
[1][email address]  
W [2]rbnz.govt.nz

 

 

References

Visible links
1. [2]mailto:[email address]
2. [3]https://www.rbnz.govt.nz/
4. [4]https://nz.linkedin.com/company/reserve-...
5. [5]https://twitter.com/reservebankofnz
6. [6]https://www.youtube.com/user/reservebank...
7. [7]https://www.facebook.com/ReserveBankofNZ
8. [8]https://www.instagram.com/reservebankofnz/

-------------------------------------------------------------------
Please use this email address for all replies to this request:
[9][FOI #20994 email]

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[10]https://fyi.org.nz/help/officers

If you find this service useful as an Official Information officer, please
ask your web manager to link to us from your organisation's OIA or LGOIMA
page.

-------------------------------------------------------------------

References

Visible links
1. file:///tmp/cid:image019.png@01D75622.D76B9DF0
2. mailto:[email
3. https://aus01.safelinks.protection.outlo...
4. https://aus01.safelinks.protection.outlo...
5. https://aus01.safelinks.protection.outlo...
6. https://aus01.safelinks.protection.outlo...
7. https://aus01.safelinks.protection.outlo...
8. https://aus01.safelinks.protection.outlo...
9. mailto:[FOI #20994 email]
10. https://aus01.safelinks.protection.outlo...

hide quoted sections

Dear Martin,

 

Please see attached our response to your request made under the Official
Information Act 1982.

 

 

Janeca Miranda

Senior Advisor, Government & Industry Relations

Reserve Bank of New Zealand – Te
Pûtea Matua
[3]cid:image019.png@01D75622.D76B9DF0
2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

E [4][IMG] [5][IMG] [6][IMG] [7][IMG] [8][IMG]
[1][email address]  
W [2]rbnz.govt.nz

 

 

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
4. https://nz.linkedin.com/company/reserve-...
5. https://twitter.com/reservebankofnz
6. https://www.youtube.com/user/reservebank...
7. https://www.facebook.com/ReserveBankofNZ
8. https://www.instagram.com/reservebankofnz/