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