Selected Structured Statistics (Y3)

Purpose

The purpose of this return is to provide the Bank of Canada with information to assess the efficiency and productivity of domestic and foreign banks and foreign bank branches.

Statutory

Section 24 of the Bank of Canada Act.

Application

This return applies to all banks and foreign bank branches on a consolidated basis. Trust and Loan Companies and subsidiaries of banks are not required to submit this return.

Publication

Certain information may be published on a total-for-all-institutions basis in the Bank of Canada Banking and Financial Statistics and/or the Financial System Review.

Frequency

• Institutions with fiscal year-ends of October - Quarterly - January, April, July and October
• Institutions with fiscal year-ends of December - Quarterly - March, June, September and December

Reporting dates

This return is to be completed as at the last day of each quarter and submitted to the Bank of Canada within 45 days of the reporting date as follows:

• Institutions with fiscal year-ends of October - January, April, July and October
• Institutions with fiscal year-ends of December - March, June, September and December

Contact agency

Bank of Canada.

General instructions

The purpose of this return is to provide the Bank of Canada with information to assess the efficiency and productivity of domestic and foreign banks and foreign bank branches.

Data are to be reported on both an "in Canada" and "worldwide" basis. Bank operating only in Canada should report the same amounts in both columns.

Banks are permitted to report this information based on their internal definitions. Typical definitions might be:

1. Number of full-time equivalent employees – Detailed guidance can be found in Appendix A that follows:
   • Number of hours worked per two weeks by currently working full time staff plus staff on leave with salary, regular and intermittent part-time staff, and temporary employees, divided by 75
2. Number of bank branches / service delivery units
   • Number of bank branches that provide full or limited banking services, and facilities and offices from which customers can obtain products/services offered by the bank
3. Number of automated banking machines
   • Number of automated self serve banking machines (both full and partial service) in both branch and non-branch locations

Appendix A

Full-Time Equivalent (FTE)

An FTE represents the total hours worked or economically attributed to a branch – including both direct hires and indirect hires from other related entities through intercompany charges – divided by 75 hours per biweekly period (13 weeks, or 6.5 bi-week periods per quarter).

FTE counts should include:

• Direct hires: Full-time, part-time, and temporary staff, including those on paid leave.
• Indirect hires: Staff from the parent company, other branches, subsidiaries, or related entities, if:
  • They perform work that benefits the branch, and
  • Their time is charged to the branch via intercompany billing or cost allocation.

Example: if a branch received 300 hours of support from the parent company over the past quarter the FTE related to these indirect hires reported under the branch is 0.62 FTE.