National Capital Region (Canada) River. The NCC reports to Parliament through the Minister of Heritage, currently Mélanie Joly, and is governed by the National Capital Act. Its headquarters are in the Chambers Building on Elgin Street, between Queen and Sparks Streets. The NCR has numerous attractions, including world-famous festivals, national museums, famous buildings and architecture, sports and entertainment. Ottawa has some of the best examples of Gothic Revival architecture in North America. The annual music festival Bluesfest, the world-renowned winter festival Winterlude, the Canadian Tulip Festival, Capital Pride, RCMP musical ride, Gatineau Hot Air Balloon Festival, Buskers festival, the biggest Canada Day celebrations in
Bank of Canada to maintain fractional reserves with the Bank of Canada. Instead, banks are required to hold highly liquid assets such as treasury bills equal to 30 days of normal withdrawals (liquidity coverage), while leverage is primarily tied to adequate loss-absorbing capital, notably tier one (equity) capital. The Bank of Canada is structured as a Crown corporation rather than as a government department, with shares held in the name of the Minister of Finance on behalf of the government. While the Bank of Canada Act provides the Minister of Finance with the final authority on matters of monetary policy through the power