S1 Banks: Balance sheet ($m)

Released
28 February 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Data files
S1 (2004-current) (XLS 73 KB)
Previous years: Monthly:
Jan 2015 Jan 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017
LIABILITIES, CAPITAL & RESERVES
(equals sum of A1, A3, A4 and A5) 455,221 489,352 505,997 508,577 505,968 510,565 509,658
A1 New Zealand dollar funding
A1.1 NZ residents 258,800 282,062 293,480 297,795 299,500 301,763 300,701
A1.3 Non-residents 35,286 37,927 37,012 37,638 38,039 38,972 39,499
A1.5 Total 294,085 319,989 330,493 335,433 337,539 340,735 340,199
A2 Central government funding (included in A1)
A2.1 Transaction balances 146 136 353 336 356 288 313
A2.2 Other 1,494 1,372 2,044 1,707 1,630 1,503 1,837
A2.3 Total 1,641 1,508 2,398 2,043 1,985 1,790 2,150
A3 Foreign currency funding
A3.1 NZ residents 8,130 9,906 9,188 9,179 9,236 9,662 9,461
A3.2 Non-residents 79,329 82,203 83,999 85,100 83,419 87,707 84,555
A3.3 Total 87,459 92,109 93,188 94,280 92,655 97,369 94,015
A4
A4 Capital and reserves 32,767 35,769 35,916 36,382 36,742 36,758 37,110
A5 Other liabilities
A5.1 Items in transit, timing and statistical adjustments 1 0 1 1 2 1 1
A5.2 Revaluations 34,495 35,517 41,504 36,878 33,853 31,624 32,839
A5.3 Accruals 2,250 2,174 1,989 2,021 2,002 1,911 2,036
A5.4 All other liabilities 4,164 3,793 2,907 3,582 3,176 2,166 3,457
A5.5 Total 40,909 41,485 46,400 42,482 39,033 35,703 38,333
A7 Liabilities memo item
Funding from associates 30,770 32,117 25,078 26,752 26,598 26,798 25,917
Subordinated debt 9,303 11,733 9,755 10,750 11,026 10,977 10,989
ASSETS
(equals sum of A8, A9, A10, A11, A12, A13 and A14) 455,221 489,352 505,997 508,577 505,968 510,565 509,658
A8 NZ Government securities
A8.1 Government bonds 10,697 9,172 10,317 10,563 10,751 10,281 11,241
A8.2 Treasury bills 2,521 2,795 3,276 3,222 3,289 3,250 3,199
A8.3 Total 13,219 11,967 13,593 13,785 14,039 13,531 14,441
A9 NZ Currency & claims on the RB
A9.1 NZ currency (notes and coin) 703 797 692 720 688 929 707
A9.2 Claims on the Reserve Bank 8,550 8,920 7,094 7,531 7,454 11,028 8,271
A10 New Zealand dollar claims
A10.1 NZ residents (M3) 12,556 12,518 10,824 10,845 10,527 10,295 9,891
A10.3 NZ residents (Non-M3) 349,538 378,476 397,329 401,485 401,923 403,651 405,548
A10.5 Non-residents 13,265 16,281 14,986 16,490 16,831 18,003 18,127
A10.7 Total 375,358 407,275 423,139 428,820 429,280 431,949 433,566
A11 Foreign currency claims
A11.1 NZ residents 4,158 4,287 4,895 4,685 4,271 4,320 4,418
A11.2 Non-residents 8,927 10,343 7,410 7,407 8,657 9,132 8,563
A11.3 Total 13,085 14,629 12,305 12,092 12,928 13,452 12,981
A12
A12 Foreign currency fixed assets and equity investments - - 1 1 1 1 1
A13
A13 Shares in NZ companies 132 6 7 7 7 16 16
A14 Other assets
A14.1 Items in transit, timing and statistical adjustments 83 35 89 136 168 122 136
A14.2 Revaluations 31,663 30,926 35,753 31,780 27,812 26,555 25,176
A14.3 Accruals 1,162 1,217 1,098 1,179 1,147 1,153 1,178
A14.4 All other assets 11,266 13,579 12,228 12,527 12,446 11,830 13,185
A14.5 Total 44,174 45,758 49,167 45,622 41,572 39,660 39,675
A16 Assets memo item
Financial claims on associates 11,294 12,935 9,645 10,162 10,545 12,285 11,618

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Since December 2004, the Bank has conducted a monthly survey of registered banks.

Data is sourced from the Registered Bank Standard Statistical Return (SSR).

Figures are aggregates of each data cell of the actual survey templates. Data are in millions of New Zealand dollars and are collected as at the last business day of the month.

Part A of the SSR presents a summarized balance sheet of registered banks.

Balance sheet figures reported by banks 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 the last business day of the month after the end of the reference month.

Access by the public

Statistics release calendar

The Statistics Release Calendar is updated and released on the last business day of the month. 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 website as a ‘special note'.

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

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

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 Banks section of this site.

Series breaks

Series breaks occur when registered bank data are affected by survey changes that are not 'organic' but arise from one period to another because of factors such as the introduction of a new bank to the survey; a bank relinquishing its registration; the sale of assets; merger with another institution or a change in substance in business practice that interrupts a 'like for like' time series.

Series breaks for key balance sheet components are displayed in the table below.

Registered Banks

Series Breaks ($m)

Loans

All other assets

Less: Counter-part funding

Total Assets (A15)

House-hold Deposits

Table C5

Table C6

Break Date

Released

Ag.

Bus.

Housing

Consumer

Dec.12

Jan.13

+519

+891

+279

+375

+279


+2,343

+1,482

Oct.11

Nov.11



+1,082

+114

+265


+1,461

+1,177

Nov.09

Jan.10



+144






Jan. 09

Feb. 09





+212


-865


Oct. 08

Nov. 08

+400

+264

+1,632

+88

+142

-301

+2,224

+1,859

Aug. 06

Sep. 06



-484




-484


Feb. 06

Mar. 06



-291



291

+0


Part A: Balance sheet information

Values are book or market values as determined by respondents' accounting policies and exclude contingent items. Data is provided according to accounting policies that meet the terms of the Financial Reporting Act 1993.

New Zealand residents and non-residents

"Resident in New Zealand" has the same meaning as that used in current New Zealand income tax practice, a non-resident withholding tax (NRWT) ‘flag' is used to identify relevant customers. The tax definition is used for convenience - it is not ideal for monetary policy data. The ideal relates to the location of the customer, to accord with international conventions used for balance of payments and other cross-border data collection purposes. Therefore, entities that are clearly located overseas, (but are classed as New Zealand residents for tax purposes), are treated as non-residents if their transactions are usually separately identified as ‘non-resident'. Companies incorporated in New Zealand are regarded as New Zealand residents.

Liabilities

A1 New Zealand dollar funding

All deposits, loans and securities issued that are denominated in New Zealand dollars are considered to be New Zealand dollar funding. New Zealand dollar funding includes funds received from the Reserve Bank. Contingent liabilities arising from bill acceptances made on behalf of clients are excluded, as well as bills the reporting institution has issued but has subsequently bought back and not re-issued.

A2 Central government funding

Deposits from Government Departments only are required. Deposits from SOEs or ad hoc government bodies are not included. The total A2.3 is included in Table S6 under Government administration and defence funding.

A3 Foreign currency funding

For reporting purposes, foreign currency funding items are normally converted into New Zealand dollars at the "mid-rates", or similar rate used by the respondent, applying at the end of the month. An exception would be an arrangement in which a foreign currency loan or deposit will be repaid at a pre-arranged exchange rate. In such a case this pre-set exchange rate should be used.

A4 Capital and reserves

For registered banks, included under this heading are paid-in capital, retained earnings, reserves and provisions, or any other items commonly disclosed as equity under New Zealand reporting practices adopted for published accounts. For registered banks that are New Zealand branches, the balance is reported on head office account. For other institutions, the total equity is reported.

A4.1 Subordinated debt

Using the definition of subordinated debt applied by the Reserve Bank for Disclosure Statements (but not the manner of accounting for it) the value as presented by the institution according to accepted accounting practice used for public accounts is provided as a memo item. If this debt is treated as funding and not capital in those accounts, a note is provided in the template.

A5 Other liabilities

A5.1 Items in transit, timing and statistical discrepancies

‘Normal' accounting practice for financial institutions is used to allocate relevant items here. ‘Statistical discrepancies' indicates that rounding and other minor data mismatches can be included here.

A5.2 Revaluations

This category is intended principally for synthetic instrument market values.

A7 Claims on associates

An associate of the reporting institution is any organisation that has substantially the same shareholders as the reporting institution, or any organisation (or individual) that holds 20 percent or more of the reporting institution's paid-up capital, or any organisation in which the reporting institution holds 20 percent or more in paid-up capital. When calculating financial claims on associates share capitals are excluded.

Assets

A8 New Zealand Government bonds and Treasury bills

SOE or Housing Corporation of New Zealand securities are not included. That part (if any) of the portfolio that is valued at historic cost according to the institution's accounting policies, and trading stock marked to market values, are aggregated in the one number.

A9 New Zealand dollar currency claims on the Reserve Bank

Notes and coins and settlement balances with the Reserve Bank.

A10 New Zealand dollar claims

All loans, an institution's deposits with other institutions and securities held denominated in New Zealand dollars. They include bill acceptances on balance sheet.

Claims are recorded gross of provisions for doubtful debts, which are ‘subtracted out' of the balance sheet in item A14.5.

Claims include sellbacks (repos) and other agreements which are similar to collateralised loans. Claims include net deposits made in connection with futures contracts. Claims also include the net of payments made and receipts received on options contracts. If, however, receipts exceed payments the net amount is included in funding.

Most claims are book value, but certain categories must be market-valued in accordance with generally-accepted accounting practice.

A11 Foreign currency claims

For reporting purposes, foreign currency claim items are normally converted into New Zealand dollars at the "mid-rates", or similar rate used by the respondent, applying at the end of the month. An exception would be an arrangement in which a foreign currency loan or deposit will be repaid at a pre-arranged exchange rate. In such a case this pre-set exchange rate should be used.

A12 Foreign currency fixed assets and equity

Normally offshore asset values in branch offices or for ownership of subsidiaries.

A13 Shares in New Zealand companies

Only ordinary capital, mandatory convertible and non-redeemable preference shares are recorded. Also included are trade shares and trade investments. Shares convertible to cash or with a cash option are classified under New Zealand dollar claims. Shares held for short-term trading and those held as long-term investments are included.

A14 Other assets

See definitions for other liabilities.

A16 Funding from associates

An associate of the reporting institution is any organisation that has substantially the same shareholders as the reporting institution, or any organisation (or individual) that holds 20 percent or more of the reporting institution's paid-up capital, or any organisation in which the reporting institution holds 20 percent or more in paid-up capital. When calculating financial claims on associates share capitals are excluded.

The Reserve Bank has been working with registered banks since mid-2015 to develop a new registered bank balance sheet collection that will replace the existing Standard Statistical Return (SSR).

In March 2017 the SSR will be retired and the publication of the following tables will be discontinued:

B5

Interest rates on funding and claims

C1

Monetary aggregates

C2

Credit aggregates

C3

Monetary and credit aggregate components

C4

Balance sheet of M3 institutions

C5

Sector credit

C6

Household credit

C17

Household deposits

S1

Banks: Balance Sheet ($m)

S6

Banks: Funding by sector ($m)

S7

Banks: Claims by sector ($m)

S8

Banks: Mortgage lending ($m)

In the first week of April 2017 we will publish data from the new balance sheet collection for the first time. Our first publication is aimed at replacing key data currently published from the SSR. Later in 2017 we plan to publish other more detailed data collected from the new balance sheet collection.

More in depth information on the new balance sheet data can be viewed on our statistics news and updates page www.rbnz.govt.nz/statistics

If you have any questions, please contact us at stats-info@rbnz.govt.nz.

28 February 2017

Symbols and conventions

0 Value rounded to zero
- Zero or not applicable
.. Not available
bold Revised/new
italics Provisional

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
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