Intersectoral financial flows
Net transactions during June quarter 2019
During June quarter 2019, the financial sector borrowed a net $13.1b from households. This was primarily through superannuation reserves of $33.6b, which were partly offset by household long-term loan borrowings of $23.9b.
Non-financial corporations borrowed a net $24.2b from the rest of the world. This was primarily through the rest of the world purchasing $31.1b of non-financial corporation unlisted equity, and $4.4b of long-term debt securities issued by non-financial corporations. This was partly offset by the purchase of $8.7b of rest of world equity by non-financial corporations, and a $3.5b acquisition of transferable deposits by non-financial corporations in rest of world accounts.
Rest of world borrowed a net $18.1b from financial corporations. This was driven by net maturities of $20.3b of short-term debt securities and, settlements of $16.2b in derivatives held by rest of world, and the sale of $12.5b of unlisted equity. These were partly offset by settlements in derivatives of $16.6b held by financial corporations and rest of world repayment of short-term loan borrowings of $4.8b.
Amounts outstanding at end of June quarter 2019
Net claims on non-financial corporations were $1,155.4b from financial corporations, $1,036.3b from rest of world, $695.2b from households and $411.7b from general government.
Net claims on financial corporations from household were $1,832.5b. These were mainly comprised of superannuation reserves of $2,648.9b and deposits of $1,105.7b, and partly offset by household loan liabilities of $2,172.4b.