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Bank fees for being a registered bank

Adam Irish made this Official Information request to Reserve Bank of New Zealand

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From: Adam Irish

Dear Reserve Bank of New Zealand,

I request under nder the Official Information Act what are the total fees paid by each bank for access to the RBNZ leander of last resort and overnight market scheme each year. And how is this calculated, is it based on a percentage total assets(loans held by the bank)? Additionally what fees are paid yearly by each bank for the deposit guarantee scheme provided. Are these fees paid to the Government as a dividend by the RBNZ? If fees aren't being paid by the banks, why not? As the RBNZ is essentially providing insurance.

Yours faithfully,

Adam

Link to this

From: RBNZ Info
Reserve Bank of New Zealand


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
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See all the Monetary Policy Announcement and Financial Stability Report
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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 

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From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Dear Adam,

 

Official information request for Registered Bank fees.

Thank you for your official information request of 8 November 2022 for:

 

What are the total fees paid by each bank for access to the RBNZ lender of
last resort and overnight market scheme each year. And how is this
calculated, is it based on a percentage total assets (loans held by the
bank)? Additionally what fees are paid yearly by each bank for the deposit
guarantee scheme provided. Are these fees paid to the Government as a
dividend by the RBNZ? If fees aren't being paid by the banks, why not? As
the RBNZ is essentially providing insurance.

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 6 December 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: Adam Irish <[5][FOI #21074 email]>
Sent: Tuesday, 8 November 2022 1:43 pm
To: RBNZ Info <[6][RBNZ request email]>
Subject: Official Information request - Bank fees for being a registered
bank

 

Dear Reserve Bank of New Zealand,

I request under nder the Official Information Act what are the total fees
paid by each bank for access to the RBNZ leander of last resort and
overnight market scheme each year. And how is this calculated, is it based
on a percentage total assets(loans held by the bank)? Additionally what
fees are paid yearly by each bank for the deposit guarantee scheme
provided. Are these fees paid to the Government as a dividend by the RBNZ?
If fees aren't being paid by the banks, why not? As the RBNZ is
essentially providing insurance.

Yours faithfully,

Adam

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References

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8. mailto:[RBNZ request email]
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Link to this

From: Janeca Miranda
Reserve Bank of New Zealand


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Attachment OIA2223 035 Adam Irish Response letter.pdf
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Dear Adam,

 

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

 

Best,

 

 

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

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8. https://www.instagram.com/reservebankofnz/

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