5232.0 - Australian National Accounts: Financial Accounts, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/12/2007   
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ANALYSIS AND COMMENTS MARKET SUMMARY


FINANCIAL MARKET SUMMARY

Selected Financial Instruments

Outstanding
at end
Trans- actions during
Other changes during
Outstanding
at end
Jun Qtr 2007
Sep Qtr 2007
Sep Qtr 2007
Sep Qtr 2007
Selected Financial Instruments
$b
$b
$b
$b

Currency and deposits
1 210.5
22.5
7.9
1 240.9
Short term debt securities
496.7
93.1
-1.7
588.2
Long term debt securities
949.5
18.5
-6.9
961.2
Derivatives
226.4
5.2
22.3
253.9
Loans and placements
2 601.1
53.6
3.3
2 658.0
Listed shares
1 605.7
24.1
26.9
1 656.7
Unlisted shares
1 118.2
33.4
24.8
1 176.4
Reserves of life offices and pension funds
1 178.3
21.0
14.2
1 213.6
General insurance prepayments and reserves
65.7
2.1
0.0
67.8


Deposit liabilities increased to $1,240.9b at the end of September 2007, following transactions of $22.5b during the quarter. Banks accepted $39.4b (down $8.8b on that accepted last quarter), other depository corporations accepted $5.8b (down $7.4b), and domestic sectors withdrew a net of $16.0b from the rest of the world. Central bank deposit transactions were -$6.6b during the quarter, mainly driven by the withdrawal of $8.0b by the national general government.


Short term security liabilities increased to $588.2b at the end of September 2007. There were net issues of $93.1b, comprising $2.6b in issues of bills of exchange and $90.5b in one name paper. Total long term debt security liabilities increased to $961.2b at the end of September 2007, following issues of $18.5b during the quarter of which $3.9b was issued domestically and $14.6b was issued offshore. Banks issued bonds worth net $8.9b, of which $9.5b was issued offshore and $0.6b were redeemed domestically. Rest of world issued $7.6b and central borrowing authorities issued $1.9b.


The value of derivative contracts on issue at the end of September 2007 increased by $27.5b to $253.9b. Components of the increase were net issuance of $5.2b and valuation increases of $22.3b.


Loan liabilities rose to $2,658.0b at the end of September 2007, following transactions of $53.6b during the quarter. Private non-financial corporations borrowed $20.6b, households $19.0b, pension funds $18.9b and banks, $6.1b.


The listed share market increased by $51.0b to $1,656.7b at the end of September 2007, with issues of $24.1b and valuation increases of $26.9b. Private non-financial corporations issued $17.4b, Financial Intermediaries n.e.c. $5.0b and banks $1.8b during the quarter.The value of the unlisted share market increased to $1,176.4b at the end of September 2007, with issues of $33.4b and valuation increases of $24.8b. Rest of world issued $21.1b and financial intermediaries n.e.c. $7.6b during the quarter.


At the end of September 2007, the reserves of life offices and pension funds were $1,213.6b following transactions during the quarter of $21.0b and valuation increases of $14.3b. General insurance prepayments and reserves were $67.8b.