Intersectoral financial flows
Net transactions during March quarter 2020
During March quarter 2020, the general government sector borrowed a net $59.3b from the financial sector driven by financial corporations' purchasing $45.3b of government bonds and issuing $18.7b in loans. These were partly offset by governments placing $19.3b in deposits with financial corporations.
The financial sector borrowed a net $11.3b from the non-financial sector, consisting of $45.1b in non-financial corporations deposits, partly offset by financial corporations providing $39.8b in loans.
Financial corporations borrowed a net $22.1b from households this quarter, consisting of $14.1b in household deposits and $11.0b in superannuation reserves.
Rest of world borrowed a net $34.2b from general government driven by rest of world selling a net $30.2b in government bonds.
Amounts outstanding at end of March quarter 2020
Net claims on non-financial corporations were $910.0b from financial corporations, $894.0b from rest of world, $691.0b from households and $412.8b from general government.
Net claims on financial corporations from household were $1,623.3b. These were mainly comprised of superannuation reserves of $2,486.2b and deposits of $1,129.8b, partly offset by household loan liabilities of $2,232.0b.