Background notes: Registered banks’ household deposits (Table C17)

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data are published as end of month figures in millions of New Zealand dollars. The values are household deposits of New Zealand residents in registered banks, held in New Zealand dollar and foreign currency accounts.

Periodicity

Monthly

Timeliness

Released on or before the last business day of the month after the end of the reference month.

Access by the public

Advance release calendar

The “Advance Release Calendar” on the website is updated if necessary each Friday. This is a long-term plan of scheduled releases.

Simultaneous release to all interested parties

The table is released as close to 3pm as possible. The data is released on or before the last business day of the month following the reporting period

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989.

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data remain confidential subject to the Bank’s legal obligations.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data are in bold font in the latest release. Revisions are generally published when tables are updated and released and are marked in bold. Should revisions need to be made more promptly, a note is posted on the Internet website under “Revisions to Tables”.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

An Excel template is completed by all respondents to the registered bank SSR, which is the source of statistics contributing to table C17. The template incorporates an “Administration procedures” tab that specifies completion directions and a “Help” facility with data definitions for survey respondents.

Dissemination of ... that support statistical cross-check and provide assurance of reasonableness

Disclosure statements published by registered banks offer additional checks for reasonableness. Links to registered bank websites can be found in the NZ Banks section of this site.