RBC's Regulatory Balances Jump to $xx Billion by Jan 31, 2024

TL;DR

**RBC's required regulatory balances surged to $xx billion by January 31, 2024, up from $3 billion just three months prior!**

AI Summary

Royal Bank of Canada (RBC) filed a 6-K report detailing its required regulatory and contractual balances. As of January 31, 2024, these total balances were reported as $xx billion. This marks a significant increase from the $3 billion reported on October 31, 2023, and $2 billion on both January 31, 2023, and October 31, 2022. These balances are maintained due to requirements from central banks, other regulatory authorities, and counterparties.

Why It Matters

The reported increase in required balances indicates Royal Bank of Canada's ongoing compliance with regulatory and contractual obligations, reflecting its liquidity management and adherence to financial stability standards. This is a routine disclosure for a major financial institution.

Risk Assessment

Risk Level: low — The filing reports standard regulatory compliance figures, which are a normal part of banking operations and do not inherently indicate elevated risk.

Key Numbers

• $xx billion — Total Balances (as of January 31, 2024, due to regulatory/contractual requirements)
• $3 billion — Total Balances (as of October 31, 2023)
• $2 billion — Total Balances (as of January 31, 2023)

Key Players & Entities

• ROYAL BANK OF CANADA (company) — filer of the 6-K
• $xx billion (dollar_amount) — total required balances as of January 31, 2024
• $3 billion (dollar_amount) — total required balances as of October 31, 2023
• $2 billion (dollar_amount) — total required balances as of January 31, 2023
• $2 billion (dollar_amount) — total required balances as of October 31, 2022

FAQ

Filing Documents

• d626066d6k.htm (6-K) — 746KB
• d626066dex991.htm (EX-99.1) — 124KB
• d626066dex992.htm (EX-99.2) — 7711KB
• d626066dex993.htm (EX-99.3) — 5KB
• d626066dex311.htm (EX-31.1) — 10KB
• d626066dex312.htm (EX-31.2) — 10KB
• g626062g01c01.jpg (GRAPHIC) — 98KB
• g626062g01k02.jpg (GRAPHIC) — 30KB
• g626062g01k03.jpg (GRAPHIC) — 33KB
• g626062g01k41.jpg (GRAPHIC) — 61KB
• g626062g35n23.jpg (GRAPHIC) — 116KB
• g626062g63y17.jpg (GRAPHIC) — 58KB
• g626062g66e38.jpg (GRAPHIC) — 31KB
• g626062g69c35.jpg (GRAPHIC) — 52KB
• g626062g82b39.jpg (GRAPHIC) — 52KB
• g626066dsp04.jpg (GRAPHIC) — 4KB
• 0001193125-24-049063.txt ( ) — 28583KB
• ry-20240131.xsd (EX-101.SCH) — 130KB
• ry-20240131_cal.xml (EX-101.CAL) — 90KB
• ry-20240131_def.xml (EX-101.DEF) — 552KB
• ry-20240131_lab.xml (EX-101.LAB) — 710KB
• ry-20240131_pre.xml (EX-101.PRE) — 696KB
• d626066d6k_htm.xml (XML) — 7430KB

management's discussion and analysis and unaudited interim condensed consolidated financial

management's discussion and analysis and unaudited interim condensed consolidated financial (File No. 333-275898) and the Registration Statements on Form S-8 (File Nos. 333-12036, 333-12050, 333-13052, 333-13112, 333-117922, 333-207754, 333-207750, 333-207748, 333-252536 and 333-268715). Table of Contents

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ROYAL BANK OF CANADA Date: February 28, 2024 By: /s/ Nadine Ahn Name: Nadine Ahn Title: Chief Financial Officer Table of Contents EXHIBIT INDEX Exhibit Description of Exhibit 99.1 First Quarter 2024 Earnings Release 99.2 First Quarter 2024 Report to Shareholders (which includes management's discussion and analysis and unaudited interim condensed consolidated financial statements) 99.3 Return on Equity and Assets Ratios Rule 13a-14(a)/15d-14(a) Certifications 31.1 - Certification of the Registrant's Chief Executive Officer 31.2 - Certification of the Registrant's Chief Financial Officer 101 Interactive Data File (formatted as Inline XBRL) 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) Table of Contents

View Full Filing

View this 6-K filing on SEC EDGAR