Weekly series
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| Weekly Wednesday, Millions of dollars1 2 | CANSIM | 2022‑05‑11 | 2022‑05‑18 | 2022‑05‑25 | 2022‑06‑01 | 2022‑06‑08 |
|---|---|---|---|---|---|---|
| Total overdraft loans | ||||||
| Total amount | V41838391 | 0 | 0 | 0 | 0 | 0 |
| Days transacted | V41838392 | 0 | 0 | 0 | 0 | 0 |
| Total positive balances | ||||||
| Total amount | V41838393 | 992,184 | 971,810 | 763,624 | 948,701 | 948,299 |
| Days transacted | V41838394 | 5 | 5 | 4 | 5 | 5 |
| Special deposit accounts | ||||||
| Total amount | V41838395 | 0 | 0 | 0 | 0 | 0 |
| Days transacted | V41838396 | 0 | 0 | 0 | 0 | 0 |
Monthly series
| Month-end, Millions of dollars1 2 | CANSIM | 2022‑01 | 2022‑02 | 2022‑03 | 2022‑04 | 2022‑05 |
|---|---|---|---|---|---|---|
| Total overdraft loans | ||||||
| Total amount | V41838377 | 0 | 222 | 0 | 0 | 0 |
| Days transacted | V41838378 | 0 | 2 | 0 | 0 | 0 |
| Total positive balances | ||||||
| Total amount | V41838379 | 5,213,513 | 5,092,581 | 5,284,802 | 4,554,365 | 4,106,935 |
| Days transacted | V41838380 | 20 | 20 | 23 | 20 | 21 |
| Special deposit accounts | ||||||
| Total amount | V41838381 | 0 | 0 | 0 | 0 | 0 |
| Days transacted | V41838382 | 0 | 0 | 0 | 0 | 0 |
Notes
Source: Bank of Canada
Positions of members of Payments Canada with the Bank of Canada (formerly B3) was previously named Bank of Canada: Monthly and weekly series (B3).
The Bank of Canada commenced operations in March 1935 under the terms of the Bank of Canada Act of 1934. Data for the month-end series (Bank of Canada assets and liabilities: Month-end (formerly B1)) are available from the commencement of operations and for the Wednesday series (Bank of Canada assets and liabilities: Weekly (formerly B2)), from 1954. The statement of assets and liabilities presented in the tables follows in general the form presented in the Bank of Canada Act. In compliance with the 1991 Bank Act, the statutory requirement on chartered banks to hold reserves against certain of their deposit liabilities was reduced to zero in July 1994. Positions of members of Payments Canada with the Bank of Canada (formally B3) presents information consistent with the new framework for monetary policy implementation in the period after the inception of the Large Value Transfer System on 4 February 1999.
The Bank of Canada transitioned to reporting under International Financial Reporting Standards (IFRS) effective 1 January 2011.
Payments Canada was formerly known as the Canadian Payments Association.
Positions of members of Payments Canada with the Bank of Canada (formally B3) contains data pertaining to Lynx. All data are reported as weekly and monthly totals, with the number of business days on which transactions occurred during the period reported.
Reflecting the change to next-day settlement of payments in the Automated Clearing Settlement System (ACSS), which was effective November 2003, end-of-day overdraft and long positions for this clearing and settlement system no longer exist. See Technical Note: Elimination of Retroactive Settlement in the ACSS in the Autumn 2003 issue of the Bank of Canada Review.
Overdraft loans are the amounts needed to cover deficits at the end of the day in Lynx. Interest is charged on such overdraft loans at the Bank Rate, which is the upper limit of the Bank of Canada’s Operating Band.
Overdraft loans are the amounts lent to Lynx participants by the Bank of Canada to cover deficits at the end of the day arising from the operation of Lynx and any other loans to members of Payments Canada by the Bank of Canada. Interest on overnight loans to Lynx participants is charged at the Bank Rate, which is the upper limit of the Bank of Canada’s operating band. Interest on any other loans is charged at a rate set by the Bank of Canada, which is typically the Bank Rate.
Positive balances are the end-of-day balances in Lynx. The interest rate paid by the Bank of Canada on positive balances after settlement of Lynx is set at the lower limit of the operating band.
Special deposit accounts (SDAs) are balances placed on deposit at the Bank of Canada as collateral for Lynx intraday liquidity and overdraft loans.