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5232.0 - Australian National Accounts: Financial Accounts, Mar 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/06/2011   
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ANALYSIS AND COMMENTS MARKET SUMMARY


FINANCIAL MARKET SUMMARY

Selected financial instruments

Outstanding at end
Transactions during
Other changes during
Outstanding at end
Dec Qtr 2010
Mar Qtr 2011
Mar Qtr 2011
Mar Qtr 2011
$b
$b
$b
$b

Currency and deposits
Currency
56.9
-3.3
-
53.7
Transferable deposits
538.4
-2.0
-0.1
536.2
Other deposits
1 014.0
49.4
1.2
1 064.5
Short term debt securities
Bills of exchange
132.4
-2.8
-
129.6
One name paper
336.5
-10.9
0.8
326.5
Long term debt securities
Bonds, etc.
1 430.9
37.0
-9.1
1 458.9
Derivatives
Derivatives
349.5
-48.8
31.7
332.4
Loans and placements
Short term
276.3
6.2
-1.1
281.4
Long term
2 256.0
41.6
-2.0
2 295.6
Shares and other equity
Listed
1 400.6
8.5
8.4
1 417.5
Unlisted
1 453.4
2.9
18.6
1 474.9
Insurance technical reserves
Reserves of pension funds and life offices
1 268.6
19.8
14.0
1 302.4
General insurance prepayments and reserves
83.3
1.8
-
85.1

- nil or rounded to zero (including null cells)


Currency liabilities decreased to $53.7b at the end of March 2011, following transactions of -$3.3b during the quarter compared with transactions of $3.3 for December 2010. Deposit liabilities increased to $1,600.7b at the end of March 2011, following transactions of $47.4b during the quarter compared with the transactions of $40.3b in the previous quarter. The major contributor was banks which accepted $31.3b and Other depository corporations which accepted $14.2b.

Short term debt security liabilities decreased to $456.1b at the end of March 2011, following net redemption of $13.7b. Total long term debt security liabilities increased to $1,458.9b at the end of March 2011, following net issuance of $37.0b during the quarter. National general government issued bonds worth $13.3b, of which $13.2b was issued domestically and $0.1b was issued offshore. Central borrowing authorities issued bonds worth $8.6b, of which $9.6b was issued in the domestic market and $1.0b of offshore bonds matured. Banks had a net issuance of $5.1b, of which $4.6b was issued domestically and $0.6b was issued offshore. Rest of World issued a net $4.7b, of which $5.1b was issued in the domestic market and $0.4b of offshore bonds matured. Other private non-financial corporations had a net issuance of $3.8b, of which $0.9b issued domestically and $3.0b was issued offshore.

The value of derivative contracts on issue at the end of March 2011 decreased by $17.1b to $332.4b. The major component of this decrease was net settlements which were $48.8b for the quarter of which the major contributors were banks of $22.3b and Rest of world of $10.2b. This was offset by valuation increases of $31.7b.

Loan liabilities rose to $2,577.0b at the end of March 2011, following transactions of $47.8b during the quarter. Households borrowed $22.5b, central borrowing authorities borrowed $9.6b, state and local general government borrowed $6.9b, and other private non-financial corporations borrowed $6.1b The major offset to these increases was by other financial corporations repaying $1.0b.

The listed share market increased by $16.9b to $1,417.5b at the end of March 2011, with net issuance of $8.5b and valuation increase of $8.4b. The major contributors were other private non-financial corporations which issued $10.7b and life insurance corporations which issued $3.8b. The value of the unlisted share market increased by $21.5b to $1,474.9b at the end of March 2011, with net issuance of $2.9b and valuation increases of $18.6b. Rest of the world issued $10.8b. Non money market investment funds and money market investment funds bought back $4.7b and $1.9b respectively during the quarter.

At the end of March 2011, the insurance technical reserves of life offices and pension funds were $1,302.4b following transactions during the quarter of $19.8b and valuation increases of $14.0b. General insurance prepayments and reserves were $85.1b.


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