5232.0 - Australian National Accounts: Finance and Wealth, Jun 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/09/2016   
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FINANCIAL MARKET SUMMARY

SELECTED FINANCIAL INSTRUMENTS



Outstanding at end
Transactions during
Other changes during
Outstanding at end
Mar Qtr 2016
Jun Qtr 2016
Jun Qtr 2016
Jun Qtr 2016
$b
$b
$b
$b

Currency and deposits
Currency
75.0
-0.2
-
74.8
Transferable deposits
738.1
22.5
1.0
761.6
Other deposits
1 464.8
21.1
7.0
1 492.9
Short term debt securities
Bills of exchange
66.6
-3.5
-
63.1
One name paper
435.1
-12.8
5.1
427.5
Long term debt securities
Bonds, etc.
2 346.7
14.3
36.3
2 397.3
Derivatives
Derivatives
615.0
-88.1
109.1
636.0
Loans and placements
Short term
335.6
8.5
2.1
346.2
Long term
3 391.0
40.9
8.4
3 440.3
Shares and other equity
Listed
1 566.6
7.9
42.8
1 617.3
Unlisted
2 906.5
13.4
32.5
2 952.5
Insurance technical reserves
Reserves of pension funds and life offices
1 994.9
29.7
38.6
2 063.2
General insurance prepayments and reserves
103.7
2.9
-
106.6

- nil or rounded to zero (including null cells)


Total deposits increased $51.6b (2.3%) in June quarter 2016, recording 18 quarters of consecutive growth, with net transactions of $43.6b and a valuation increase of $8.0b. The increase in total deposits was driven by growth in both transferable deposits (3.2%) and other deposits (1.9%). Transferable deposit growth was driven by other private non-financial corporations ($8.6b), rest of world ($5.9b), and households ($5.4b) depositing with banks. Rest of world ($12.1b) and households ($8.1b) depositing into banks were the main drivers of growth in other deposits.

Bonds increased $50.6b with net transactions of $14.3b and revaluations of $36.3b in June quarter 2016. Net transactions were driven by issuances in the domestic market ($13.0b). Net transactions in bonds issued in Australia were driven by net issuances from securitisers ($12.4b) and national general government ($5.7b), offset by central borrowing authorities (-$7.7b). Revaluation increases were recorded in both domestic ($17.6b) and offshore markets ($18.8b). Main drivers of this revaluation increase were banks ($9.8b), national general government ($8.8b), rest of world ($8.6b), and other private non-financial corporations ($4.9b).

The loan market increased $59.9b (1.6%) following two subdued quarters with net transactions of $49.4b. Net transactions during June quarter 2016 were driven by long term loans ($40.9b), as households ($20.4b) and other private non-financial corporations ($4.5b) continue to increase loan borrowings from banks. Households borrowed a net $9.7b in long term loans from securitisers during the quarter.

The listed share market increased $50.7b in June quarter 2016, with net transactions of $7.9b and a valuation increase of $42.8b. Other private non-financial corporations shares recorded the largest valuation increase ($34.2b), followed by private non-financial investment funds ($7.6b) and non-money market financial investment funds ($7.6b). Bank shares (-$3.2b) recorded its second consecutive valuation decrease following a large decrease in the previous quarter (-$60.5b).