5232.0 - Australian National Accounts: Finance and Wealth, Sep 2016 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/12/2016   
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FINANCIAL MARKET SUMMARY

SELECTED FINANCIAL INSTRUMENTS



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

Currency and deposits
Currency
74.8
1.8
-
76.5
Transferable deposits
761.4
16.0
-1.0
776.4
Other deposits
1 490.9
49.2
-11.8
1 528.3
Short term debt securities
Bills of exchange
63.1
-3.8
-
59.3
One name paper
428.3
-15.6
-2.7
409.9
Long term debt securities
Bonds, etc.
2 394.9
16.8
-6.1
2 405.7
Derivatives
Derivatives
633.5
-120.7
34.1
546.9
Loans and placements
Short term
346.7
-16.9
-0.5
329.3
Long term
3 441.1
30.0
-3.5
3 467.5
Shares and other equity
Listed
1 617.2
14.3
62.2
1 693.8
Unlisted
2 960.6
-39.2
25.8
2 947.2
Insurance technical reserves
Reserves of pension funds and life offices
2 059.2
12.3
44.8
2 116.2
General insurance prepayments and reserves
106.6
2.9
-
109.4

- nil or rounded to zero (including null cells)


Total deposits increased $52.4b (2.3%) in September quarter 2016, recording 19 quarters of consecutive growth, with net transactions of $65.2b and a valuation decrease of $12.8b. The increase in total deposits was driven by growth in both other deposits (2.5%) and transferable deposits (2.0%). Other deposit growth was driven by households ($16.1b) and rest of world ($5.8b) depositing into banks. Households ($8.8b) and rest of world ($5.3b) depositing with banks were also the main drivers of growth in transferable deposits.

Bonds increased $10.8b (0.5%), with net transactions of $16.8b offset by revaluations of -$6.1b in September quarter 2016. Net transactions were driven by issuances in the domestic market ($30.5b). Net transactions in bonds issued in Australia were driven by net issuances from national general government ($24.4b), banks ($8.2b), and central borrowing authorities ($3.7b), and offset by net maturities from securitisers (-$4.6b). Revaluation increases recorded in the domestic market ($0.7b) were offset by decreases in the offshore market (-$6.8b). Main drivers of offshore revaluation decrease were banks (-$6.1b) and other private non-financial corporations (-$3.5b), partially offset by rest of world ($3.2b).

The loan market increased $9.1b (0.2%) with net transactions of $13.1b. Net transactions during September quarter 2016 were driven by long term loans ($30.0b), as households ($28.0b) and other private non-financial corporations ($8.7b) continue to increase loan borrowings from banks. The net positive transactions in long term loans were partially offset by negative transactions in short term loans of $16.9b, which were driven by repayments on loans borrowed by banks from rest of world (-$12.1b).

The listed share market increased $76.5b (4.7%) in September quarter 2016, with net transactions of $14.3b and a valuation increase of $62.2b. Other private non-financial corporations shares recorded the largest valuation increase ($42.8b), followed by banks ($21.5b). This valuation increase in bank shares follows two consecutive quarters of valuation decreases.