BRANCH

In addition to the State Offices, the Reserve Bank has one Australian branch:

• Canberra - Manager: Scott Kennedy

The branch has an operational role in banking and registry services which the State Offices do not have.

As explained in the Bank's Annual Report for 2000, the number of branches has been reduced over recent years as a result of the loss of some Commonwealth but mainly State Government banking business and ongoing technological change which has reduced the need for decentralised banking, and registry services. The branch closures also reflect the centralisation of the Bank's note processing and distribution activities to the National Note Processing Centre located in Craigieburn, Victoria.