The Reserve Bank has a presence across the country and in three financial centres overseas.
The Reserve Bank of Australia maintains four State Offices:
- South Australia – Senior Representative: Tom Rohling
- Victoria – Senior Representative: Tom Rosewall
- Queensland – Senior Representative: Karen Hooper
- Western Australia – Senior Representative: Owen Bailey
The State Offices analyse economic conditions in regions throughout Australia. As part of this process, economists from the State Offices conduct liaison with individual firms and agencies, in both the private and public sector. Their gathering of regional economic intelligence contributes to the Bank’s understanding of current economic conditions. It forms part of the assessments of the economy by Economic Group that are reported to Governors and the Board.
The State Offices also provide a vehicle for communicating the workings of monetary policy to the wider community and for improving access to the Bank.
In addition to the State Offices, the Reserve Bank has one Australian branch:
- Canberra – Manager: Don Ross
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 and Distribution Centre located in Craigieburn, Victoria.
The Bank has Offices in Beijing, London and New York.
- China – Representative: Patrick D'Arcy
- Europe – Chief Representative: Bob Rankin
- New York – Chief Representative: Christopher Thompson
The European Office in London maintains liaison with central banks and other institutions and authorities in Europe, including the Bank for International Settlements and the Organisation for Economic Co-operation and Development. The New York Office performs similar functions in respect to North America. Both of these offices monitor economic and financial developments in the local markets, and are responsible for foreign exchange operations and investment of international reserves. The China Office in Beijing is responsible for monitoring local economic and financial developments as well as maintaining relationships with government and private entities.