Corporate Administration Departments
The Corporate Administration Departments provide advice, information and internal services that support the Bank. The Corporate Administration departments are Executive and Legal Services, Communications, Corporate Services, Financial Services, Information Technology Services and Audit Services. Executive and Legal Services provide corporate secretariat support to the Bank's Board of Directors and the management of the Bank. Communications provide publication and public information services. Corporate Services provides human resources services, knowledge and information management services and security and facilities services. Financial Services is responsible for the internal financial functions of the Bank, statutory financial reporting requirements, and accounting in support of the Exchange Fund Account.

Department of Banking Operations
The Department of Banking Operations is a key player in three of the Bank of Canada's core functions: Currency, Financial System, and Funds Management. For the Currency function, the department employs leading-edge approaches to bank note security and distribution, creating bank notes that all Canadians can use with pride and confidence. In its contribution to the Financial System and Funds Management function, the department is recognized for its operations and risk-management expertise in areas critical to Canada's payment clearing and settlement system. It also provides cost effective funding for the Government of Canada through its excellence in operations and in management of outsourced arrangements. In pursuing this vision, the department carries out operations and research internally and also works in close partnership with other departments in the Bank of Canada, the federal government, private sector service providers, financial institutions, other central banks, and the public.

Department of Monetary and Financial Analysis
This department is responsible for analyzing the transmission mechanism of monetary policy and contributing to the Bank's role in providing for financial stability. The department monitors and analyzes the evolution of financial variables such as monetary aggregates, credit aggregates and interest rates. It also monitors the evolution of the financial institutions, financial intermediation and payments systems to assess the implications for monetary policy and financial stability. It provides advice on regulatory and supervisory issues related to the financial sector policies under the jurisdiction of the federal government. Finally the department is responsible for the regulatory oversight of major clearing and settlement systems.

Financial Markets Department
This department has both operational and analytical duties. Its most important operational functions are to help implement monetary policy through its activities in financial markets, to conduct foreign exchange operations as fiscal agent for the government and the Bank, and to issue Government of Canada securities (principally treasury bills and marketable bonds) both domestically and abroad. Its analytical function is to monitor conditions in financial markets, forecast key financial flows and study relevant financial relationships. The results are communicated to the Bank's senior officers for their use in formulating monetary policy, advising the government on matters related to debt management, and influencing the development of capital market structures appropriate to Canadian needs.

Financial Risk Office
The role of the Financial Risk Office involves a mix of operational and analytic duties. In controlling risk, the Financial Risk Office is responsible for measuring and reporting financial risks to management. In the process of identifying and evaluating risks, the Financial Risk Office conducts research and analysis on the sources of financial risk and approaches to mitigate them. This role relies on a sound knowledge of financial markets and instruments, as well as risk management techniques. Measuring and reporting risks and performance, as well as adherence to limits, are operational duties that rely heavily on sound computer systems and software.

International Department
The principal responsibilities of this department include producing timely analyses of current and prospective economic developments in foreign countries, providing policy advice on issues addressed by international organizations such as the International Monetary Fund and the OECD, and undertaking studies on international financial markets and economic policy issues.

Research Department
This department's primary responsibility is to assess the significance of current economic developments and prospects in Canada and to keep Bank management fully informed about them. An aspect of this responsibility is to seek further understanding of the operation of the economy and of public policies which are, or could be, employed in an attempt to regulate it.