The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data are in millions of New Zealand dollars and are collected as at the last business day of the month.

These figures are aggregates of each data cell of the actual survey templates returned by the registered banks. The SSR obtains relatively comprehensive balance sheet data from respondents.

Part A of the SSR presents a summarized balance sheet of registered banks. Part B1 provides a breakdown of registered bank funding by maturity and non-resident source. Part B2 provides a breakdown of funding by treasury source and components and other funding information. Part C1 provides a breakdown of registered bank claims by maturity and non-resident borrower. Part C2 provides a breakdown of claims by treasury source and components as well as information on non-treasury claims. Part D identifies the counter-part sectors for New Zealand dollar funding and claims and matches tables C7 and C8. Part E presents information on residential loans, interest rates, and claim origination both for on- and off-balance sheet mortgages.

A subset of data components from most of the registered banks contributes to the monthly Money and Credit Aggregates (tables C1 to C4). Other registered bank SSR data contributes to tables C5, C6, C9 and C10.

Full documentation for series descriptions is also provided in the guidelines sent to institutions.

Balance sheet figures reported by the surveyed financial institutions conform to generally accepted accounting practice adopted by the institutions. In particular, values may be at book or ‘marked to market’ according to appropriate practice for the instruments involved.

Where possible the resident/non-resident distinction in these tables is based on the geographical location of respondents and counterpart transactions. To facilitate statistical reporting however, the New Zealand income tax rules on residency are accepted as an approximation, and are the predominant definition.

Periodicity

Monthly, as at the last business day.

Timeliness

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” is also updated and released each Friday on the website. This is a long-term plan of scheduled releases.

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 Act).

The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.

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, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the Internet website under “Revisions to Tables”.

Any major changes in methodology are posted on the website as a note.

A history of changes to the Money, Credit and Financial statistics tables is provided, and outlines breaks which affect series in these tables.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

All registered banks provide data on a monthly basis.

An Excel Template is completed and returned each month by registered banks. This template incorporates a “Help” screen that specifies completion directions and data definitions for survey respondents.

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

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