5232.0 - Australian National Accounts: Financial Accounts, Jun 2001  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/09/2001   
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Analysis and Comments: Market Summary


Level
at end
Jun Qtr
2001
Trans-
actions
during
Sep Qtr
2001
Other
changes
during
Sep Qtr
2001
Level
at end
Sep Qtr
2001
$ billion
$ billion
$ billion
$ billion

Selected Financial Instruments
Currency and deposits
588.1
14.2
2.2
604.5
Short-term debt securities
289.8
4.6
2.9
297.3
Long-term debt securities
439.0
9.8
12.0
460.8
Derivatives
78.1
14.5
15.9
108.5
Loans and placements
1237.3
4.8
3.8
1245.9
Listed shares
776.3
-6.9
-95.2
674.2
Unlisted shares
699.2
14.6
-47.0
666.8
Reserves of life offices and pension funds
526.0
-0.7
-26.0
499.3
General insurance prepayments and reserves
50.5
2.1
--
50.652.6



FINANCIAL MARKET ANALYSIS

Deposit liabilities increased to $604.5 billion at 30 September 2001, following net transactions of $14.2 billion during the September quarter 2001, compared to transactions of $15.3 billion in the previous quarter. Of these net transactions, $9.6 billion was in bank deposits, up on June 2001 quarter results, and $5.8 billion in other depository corporations' deposits.

Short term security liabilities increased to $297.3 billion at 30 September 2001, with net issuance of $4.6 billion during the September quarter. $3.6 billion was issued offshore, whilst a further $2.4 billion was issued on the Australian market. There was a net decrease in bills of exchange on issue of $1.4 billion.

Total bond liabilities increased to $460.8 billion at 30 September 2001 following net issues of $9.8 billion during the September quarter. Banks issued $4.6 billion, of which $3.1 billion was issued offshore, while national general government issued a net $0.6 billion all of which was issued in Australia. Financial intermediaries n.e.c. issued $2.7 billion of which $2.0 billion was issued offshore.

The value of derivative contracts on issue at 30 September 2001 was $108.5 billion following net transactions of $14.5 billion.

Loan liabilities rose to $1245.9 billion at 30 September 2001 following net transactions of $4.8 billion during the quarter. Borrowing by households was strong, raising $14.7 billion, while financial intermediaries n.e.c. borrowings fell $2.3 billion.

The listed share market decreased by $102.1 billion to $674.2 billion at 30 September 2001. There was a net $6.9 billion withdrawal following the de-listing of a number of corporations (including Cable & Wireless Optus Ltd) and valuation changes of $95.2 billion.

The value of the unlisted share market fell by $32.4 billion to $666.8 billion at 30 September 2001. There were net transactions of $14.6 billion some of which included large corporation becoming unlisted, and valuation decreases of $47 billion.

At 30 September 2001 the reserves of life offices and pension funds were $499.3 billion following net transactions during the quarter of -$0.7 billion and valuation decrease of $26 billion; general insurance prepayments and reserves were $52.6 billion.