So it’s clear that these extraordinary facilities are no longer required. Rest assured, though, that the Bank will be ready to reactivate any of these market programs should severely stressed market conditions ever re-emerge. Where the Bank’s balance sheet stands now As I said at the outset, our facilities and purchases of financial assets have grown the Bank’s balance sheet considerably.
Arising from the safety, soundness and stability of the financial sector, a number of technological innovations of banking products have emerged in the recent past. Most banks now operate automated teller machines (ATMs), and points of sales facilities (POS). The use of credit and debit cards is increasingly being recognized as an important payment system option.