Consolidated Assets & Liabilities Of F.i.a. Institutions
Compiled from monthly reports of assets and liabilities submitted by the Merchant Banks, Trust Companies and
Finance Houses. From July 1994 data include only Merchant Banks and Finance Houses.
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 \\\\\\\'Deposits\\\\\\\' category.
Compiled from the monthly reports of Merchant Banks, Finance Houses and Trust Companies liquid
Assets. Under Section 29 of the Bank of Jamaica Act financial institutions are required to maintain a minimum
of 15.0 percent of its prescribed liabilities. Adjustments in required minimum liquid assets ratio of F.I.A.
Institutions are indicated below:
March 1984 15.0
June 1985 20.0
October 1985 21.0
November 1985 23.0
December 1985 25.0
May 1986 21.0
March 1987 18.0
January 1988 13.0223
February 1988 9.0
March 1988 5.0
July 1989 4.5
April 1990 7.5
November 1990 8.0
December 1990 8.5
January 1991 9.0
October 1991 9.5
May 1992 11.0
July 1992 12.0
October 1992 13.0
January 1993 14.0
April 1993 15.0
July 1993 16.0
September 1993 17.0
August 1995 20.0
November 1995 25.0
February 1996 30.0
May 1996 35.0
October 1999 34.0
March 2000 33.0
June 2000 32.0
September 2000 31.0
March 2001 30.0
June 2001 29.0
September 2001 28.0
March 2002 27.0
August 2002 23.0
December 2008 25.0
January 2009 27.0
February 2009 28.0
July 2010 26.0
Building Societies: Summary Of Assets & Liabilities
Compiled from information supplied by the Building Societies Association of Jamaica Limited. Data relate to
member societies. Building societies are also another group of non-bank financial institutions. The Bank of
Jamaica assumed supervisory oversight of building societies in 1996.
Capital and Other Liabilities includes Statutory, General and Special Reserves.
Savings = Shares (95%) and Deposits (5%).
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.