I retired early in 2007 to take care of my late wife, & after she died I decided to live frugally, enjoy my retirement & streamside home, & not to re-enter the Rat Race when they came looking to offer me contract work.
#Criminal case pacific bay amy gasped manuals#
I was a ruthless editor in charge of a Publications & Manuals section for some years. I had a 34 year public service career involving mostly writing, targeting audiences of varying levels of reading comprehension: Departmental correspondence, Ministerial replies, Policy papers, Operational Policy Manuals, Forms, Leaflets, Operational User Specs for systems work, Investigations & Review Reports, Staff Training guidelines, (Appeal Authority decisions & implications for operational staff) just some of my roles. Yep, I can understand & identify with that. Some of this will end up paying interest to deposit/savings accounts and will ultimately be paid to bank staff, depositors, bank investors and the Australian parent companies.Īlso any profit made by the RBNZ folds into the government balance sheet.
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Mostly interest payments will be income for financial institutions and will not be on-paid to the RBNZ, though a small amount of lending will have been cleared using their facilities. So its just when there is a banking market wide short fall in these settlement resources that banks need to borrow from the reserve bank for.
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The facility to do this means its the maximum interest rate that other financial institutions will be able to charge when lending to each other.
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The OCR is the interest rate paid by banks and financial institutions when they borrow funds from the reserve bank. This isn't quite the right description though its close.