A summary of the monthly consolidated statement of the assets and liabilities of the commercial banks.
Net Foreign Assets = balances and other foreign investments less foreign liabilities.
Credit to Private Sector:
Total Loans & Advances less loans to Central Government, plus other internal investments.
Deposits with Central bank include reserve deposits. Also includes Certificates of Deposit
between August 1987 and January 1995.
Private Demand Deposits (adjusted): Private demand deposits plus bankers drafts outstanding,
less cash items in the process of collection.
Compiled from monthly statements of assets and liabilities of the commercial banks.
Contra items are excluded from total assets and liabilities.
Demand Deposits are unadjusted.
Balances with Bank of Jamaica: See Notes to Table 8.
Loans and Advances to Public Sector: Central & Local Government plus other Public
Loans and Advances to Private Sector includes commercial bills discounted.
The \\\'Foreign Assets\\\' category does not include foreign currency loans and advances. These are captured under the \\\'Loans and Advances\\\' category.
\\\'Foreign Liabilities\\\' does not include foreign currency deposits. These
deposits are included in the \\\'Deposit\\\' category.
Compiled from monthly reports of loans and advances submitted by the commercial banks. Since June 1970,
the classification of loans and advances is based largely on the U.N. International Standard Industrial
Classification. Modifications have, however, been made in order to highlight certain industries e.g. tourism which
is heavily weighted in the Jamaican economy. Loans made by the Agricultural Credit Bank and the National
Development Bank are included.
The Central Bank stands at the center of the local financial system and is charged with the responsibility to promote and maintain financial system stability. To achieve this objective, the Bank supervises the activities of deposit-taking entities. In addition, the Bank seeks to promote the development of the local financial markets, and regulates and supports the major clearing and settlement systems.
Under the Bank of Jamaica Act (1960), the conduct of monetary policy is aimed at regulating the growth of money and credit in line with the resources expected to finance economic activity and generate employment, without undermining the conditions of price stability.
The Foreign Exchange section provides current and historical information on the movements of major currencies in relation to the Jamaican dollar. The section also provides powerful search techniques for users to manipulate the data and generate customize reports.
The Bank of Jamaica publishes in the daily newspaper each quarter, balance sheet data for commercial banks, building societies and licensees under the Financial Institutions Act . Such financial data is based on unaudited prudential returns submitted by the licensees to the Bank of Jamaica which are required to be certified by the licensee 's management as reflecting a true and fair representation of the affairs and condition of the institution at the reporting date.
The Bank of Jamaica is committed to providing information on its activities on a timely and continuous basis. In this regard, this section is designed to provide access to all major releases compiled by the Bank of Jamaica.
The Bank of Jamaica publications are aimed at providing quality economic and financial analysis and information on Jamaica as well as timely updates on matters relating directly to the functions of the Bank.