5232.0 - Australian National Accounts: Finance and Wealth, Dec 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 30/03/2017   
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FINANCIAL MARKET SUMMARY

SELECTED FINANCIAL INSTRUMENTS



Outstanding at end
Transactions during
Other changes during
Outstanding at end
Sep Qtr 2016
Dec Qtr 2016
Dec Qtr 2016
Dec Qtr 2016
$b
$b
$b
$b

Currency and deposits
Currency
76.5
4.0
-
80.5
Transferable deposits
776.4
31.1
2.0
809.6
Other deposits
1 528.4
45.2
12.1
1 585.6
Short term debt securities
Bills of exchange
59.3
-4.2
-
55.0
One name paper
410.4
10.4
1.8
422.7
Long term debt securities
Bonds, etc.
2 406.8
25.7
-59.1
2 373.3
Derivatives
Derivatives
549.0
-51.9
60.3
557.4
Loans and placements
Short term
329.1
12.2
0.6
341.8
Long term
3 470.7
30.4
13.2
3 514.3
Shares and other equity
Listed
1 693.6
11.7
52.5
1 757.8
Unlisted
2 983.8
13.6
65.1
3 062.5
Insurance technical reserves
Reserves of pension funds and life offices
2 122.1
25.4
28.1
2 175.6
General insurance prepayments and reserves
109.4
-2.9
-
106.5

- nil or rounded to zero (including null cells)


Total deposits increased 3.9% in December quarter 2016, recording 20 quarters of consecutive growth, with net transactions of $76.3b and a valuation increase of $14.1b. The increase in total deposits was driven by term deposit interest rates increasing and the increased growth in the use of mortgage offset accounts during quarter.

Bonds decreased 1.4%, with net transactions of $25.7b offset by revaluations of -$59.1b in December quarter 2016. Revaluation decreases were recorded in both the domestic and offshore markets caused by market price decreases due to rising bond yields during the quarter.

The loan market increased 1.5% with net transactions of $42.6b. Net transactions during December quarter 2016 were driven by long term loans, with bank borrowing by households, other private non-financial corporations and rest of world being the main contributors. After negative transactions in September quarter 2016, December quarter saw positive short term loan transactions of $12.2b, driven by banks lending to rest of world.

The listed share market increased 3.8% in December quarter 2016, with net transactions of $11.7b and a valuation increase of $52.5b. Banks shares recorded the largest valuation increase, marking the second consecutive quarter valuation increases after two quarters of decline.