5232.0 - Australian National Accounts: Financial Accounts, Dec 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/03/2009
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Deposit liabilities increased by $122.5b to $1,537.9b at the end of December 2008, following transactions of $107.6b compared with transactions of $60.3b in the previous quarter. The major contributors were banks which accepted $56.7b (up $11.1b) and the central bank which accepted $32.7b (up $26.1b). Domestic sectors deposited a net $8.8b with the rest of the world.
Short term security liabilities decreased by $72.7b to $568.5b at the end of December 2008. There were net redemptions of $79.5b, made up of $4.5b in issues of bills of exchange and $84.0b redemptions in one name paper. Total long term debt security liabilities increased by $161.4b to $1,260.6b at the end of December 2008, following net issues of $82.8b during the quarter. Banks issued net $12.0b of bonds domestically and net $7.7b offshore to give total issuance of net $19.7b. Financial intermediaries n.e.c., private non-financial corporations and central borrowing authorities issued net $58.4b, $10.6b and $6.3b respectively, whereas rest of the world redeemed net -$9.1b. See the note on page 6, ABS treatment of internally securitised paper for more detail.
Derivative contracts on issue increased by $39.7b to $397.6b. Components of the increase were net settlements of $15.4b and valuation increases of $55.1b.
Loan liabilities rose by $57.6b to $2,433.8b following transactions of $34.5b and valuation increases of $23.2b. Non-financial corporations borrowed net $11.0b, rest of the world, net $9.2b and households net $8.2b.
The listed share market decreased by $224.9b to $952.6b, with valuation decreases of $260.3b and net issues of $35.4b. Banks issued net $20.4b and private non-financial corporations net $12.4b. The unlisted share market decreased by $73.9b to $1,054.8b, with buy-backs of $0.4b and valuation decreases of $73.5b. Financial intermediaries n.e.c bought back net $5.3b, rest of the world net $2.3b, and private non-financial corporations issued net $8.5b during the quarter.
At the end of December 2008, the reserves of life offices and pension funds decreased by $95.8b to $986.3b, following transactions of $9.6b and valuation decreases of $105.4b. Other insurance corporation prepayments and reserves were $71.7b.
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