Central Banking

Evolution of the Reserve Bank of Australia

In the Reserve Bank annual report there is also an excellent article on"The Evolving Structure of the RBA" over the last 40 years, with particularemphasis on the last 15 years. During this latter period, even though theBank has continued to expand in terms of the size of its balance sheet, ithas contracted markedly in terms of the number of staff. Staff numbersreached a peak in 1983 of 3,186 employees. By June 2000, that figure hasfallen to 807. The key to understanding the dramatic fall, on

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