S6 Banks: Funding by sector ($m)

28 February 2017 03:00 p.m.
Reserve Bank of New Zealand
Data files
S6 (2004-current) (XLS 130 KB)
Previous years: Monthly:
Jan 2015 Jan 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017
Australia New Zealand Standard Industrial Classification (ANZSIC)
Agriculture 7,335 6,924 7,062 7,110 7,079 7,275 7,212
Forestry 572 645 766 779 894 925 691
Fishing 232 252 264 268 292 293 266
Mining 416 311 400 428 458 509 530
Food manufacturing 1,258 1,394 1,185 1,228 1,495 1,463 1,499
Textiles and clothing 139 148 130 130 141 146 142
Wood and paper 354 395 460 480 520 551 538
Other manufacturing 2,934 3,155 3,345 3,521 3,613 3,509 3,233
Electricity, gas and water 1,007 946 953 894 890 915 852
Construction 3,136 3,950 4,442 4,456 4,397 4,852 4,189
Wholesale trade 3,537 4,007 4,282 4,312 4,446 4,768 4,609
Retail trade 2,736 2,761 2,767 2,815 2,874 3,342 2,951
Accommodation and restaurants 1,098 1,196 1,265 1,317 1,407 1,545 1,482
Transport and storage 2,515 2,760 2,943 2,963 3,390 3,482 3,596
Communications 678 732 913 2,104 998 1,093 902
Finance 45,971 51,601 49,988 50,912 50,203 49,787 49,856
Insurance 9,305 7,910 10,642 11,154 11,158 11,054 11,373
Property and business services 21,631 24,708 26,278 26,454 27,047 26,539 26,288
Government administration and defence 4,671 4,318 5,665 5,265 5,607 5,406 5,991
Education 3,507 3,573 3,574 3,775 3,825 3,440 3,877
Health and community services 3,655 3,726 3,652 3,943 3,889 3,897 3,820
Culture and recreation 1,831 1,867 1,836 1,982 1,936 1,945 2,041
Personal services 4,480 4,595 4,660 4,629 4,662 4,647 4,651
Household 134,464 149,019 154,925 155,773 157,238 159,333 159,076
Non-residents 35,286 37,927 37,012 37,638 38,039 38,972 39,499
Unallocated 1,338 1,170 1,084 1,102 1,044 1,046 1,037
Total 294,085 319,989 330,493 335,433 337,539 340,735 340,199
Monthly weighted average interest rate (% PA)1 3.76 2.92 2.57 2.51 2.48 2.44 2.43
  1. Figures exclude foreign currency funding, which accounts for approximately 21% of total registered bank funding as at December 2015. NZD funding costs also exclude the impact of hedging, for example interest rate swap costs incurred against fixed rate claims.

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 D of the SSR identifies the counterpart sector for New Zealand dollar funding. Table S6 provides a sector breakdown of registered bank funding in New Zealand dollars (NZD). The sectoral split is based on the ANZSIC classification as produced by Statistics New Zealand, with the addition of household and non-resident sectors.

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.


Monthly, as at the last business day.


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.


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.


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.

Part D of the Standard Statistical Return (SSR) presents a sectoral breakdown of registered banks' New Zealand dollar funding.

The sectors are defined by the Australia and New Zealand Standard Industry Classification 1996 (ANZSIC96) with the addition of the household and non-resident sector. The ANZSIC codes have been grouped to meet the economic needs of the Reserve Bank. It is the activity of the banks' customers that drives classification.


ANZSIC Code (3 digit)


A011 Horticulture and Fruit Growing

A012 Grain, Sheep and Beef Cattle Farming

A013 Dairy Cattle Farming

A014 Poultry Farming

A015 Other Livestock Farming

A016 Other Crop Growing

A021 Services to Agriculture

A022 Hunting and Trapping


A030 Forestry and Logging


A041 Marine Fishing

A042 Aquaculture


B110 Coal Mining

B120 Oil and Gas Extraction

B131 Metal Ore Mining

B141 Construction Material Mining

B142 Mining not elsewhere classified

B151 Exploration

B152 Other Mining

Food manufacturing

C211 Meat and Meat Product Manufacturing

C212 Dairy Product Manufacturing

C213 Fruit and Vegetable Processing

C214 Oil and Fat Manufacturing

C215 Flour Mill and Cereal Food Manufacturing

C216 Bakery Product Manufacturing

C217 Other Food Manufacturing

C218 Beverage and Malt Manufacturing

C219 Tobacco Product Manufacturing

Textiles and clothing

C221 Textile Fibre, Yarn and Woven Fabric Manufacturing

C222 Textile Product Manufacturing

C223 Knitting Mills

C224 Clothing Manufacturing

C225 Footwear Manufacturing

C226 Leather and Leather Product Manufacturing

Wood and paper

C231 Log Sawmilling and Timber Dressing

C232 Other Wood Product Manufacturing

C233 Paper and Paper Product Manufacturing

Other manufacturing

C241 Printing and Services to Printing

C242 Publishing

C243 Recorded Media Manufacturing and Publishing

C251 Petroleum Refining

C252 Petroleum and Coal Product Manufacturing not elsewhere classified

C253 Basic Chemical Manufacturing

C254 Other Chemical Product Manufacturing

C255 Rubber Product Manufacturing

C256 Plastic Product Manufacturing

C261 Glass and Glass Product Manufacturing

C262 Ceramic Manufacturing

C263 Cement, Lime, Plaster and Concrete Product Manufacturing

C264 Non-Metallic Mineral Product Manufacturing not elsewhere classified

C271 Iron and Steel Manufacturing

C272 Basic Non-Ferrous Metal Manufacturing

C273 Non-Ferrous Basic Metal Product Manufacturing

C274 Structural Metal Product Manufacturing

C275 Sheet Metal Product Manufacturing

C276 Fabricated Metal Product Manufacturing

C281 Motor Vehicle and Part Manufacturing

C282 Other Transport Equipment Manufacturing

C283 Photographic and Scientific Equipment Manufacturing

C284 Electronic Equipment Manufacturing

C285 Electrical Equipment and Appliance Manufacturing

C286 Industrial Machinery and Equipment Manufacturing

C291 Prefabricated Building Manufacturing

C292 Furniture Manufacturing

C294 Other Manufacturing

Electricity, gas and water

D361 Electricity Supply

D362 Gas Supply

D370 Water Supply, Sewerage and Drainage Services


E411 Building Construction

E412 Non-Building Construction

E421 Site Preparation Services

E422 Building Structure Services

E423 Installation Trade Services

E424 Building Completion Services

E425 Other Construction Services

Wholesale trade

F451 Farm Produce Wholesaling

F452 Mineral, Metal and Chemical Wholesaling

F453 Builders Supplies Wholesaling

F461 Machinery and Equipment Wholesaling

F462 Motor Vehicle Wholesaling

F471 Food, Drink and Tobacco Wholesaling

F472 Textile, Clothing and Footwear Wholesaling

F473 Household Good Wholesaling

F479 Other Wholesaling

Retail trade

G511 Supermarket and Grocery Stores

G512 Specialised Food Retailing

G521 Department Stores

G522 Clothing and Soft Good Retailing

G523 Furniture, Houseware and Appliance Retailing

G524 Recreational Good Retailing

G525 Other Personal and Household Good Retailing

G526 Household Equipment Repair Services

G531 Motor Vehicle Retailing

G532 Motor Vehicle Services

Accommodation and restaurants

H571 Accommodation

H572 Pubs, Taverns and Bars

H573 Cafes and Restaurants

H574 Clubs (Hospitality)

Transport and storage

I611 Road Freight Transport

I612 Road Passenger Transport

I620 Rail Transport

I630 Water Transport

I640 Air and Space Transport

I650 Other Transport

I661 Services to Road Transport

I662 Services to Water Transport

I663 Services to Air Transport

I664 Other Services to Transport

I670 Storage


J711 Postal and Courier Services

J712 Telecommunication Services


K731 Central Bank

K732 Deposit Taking Financiers

K733 Other Financiers

K734 Financial Asset Investors

K751 Services to Finance and Investment


K741 Life Insurance and Superannuation Funds

K742 Other Insurance

K752 Services to Insurance

Property and business services

L771 Property Operators and Developers

L772 Real Estate Agents

L773 Non-Financial Asset Investors

L774 Machinery and Equipment Hiring and Leasing

L781 Scientific Research

L782 Technical Services

L783 Computer Services

L784 Legal and Accounting Services

L785 Marketing and Business Management Services

L786 Other Business Services

Government administration and defence

M811 Government Administration

M812 Justice

M813 Foreign Government Representation

M820 Defence


N841 Preschool Education

N842 School Education

N843 Post School Education

N844 Other Education

Health and community services

O861 Hospitals and Nursing Homes

O862 Medical and Dental Services

O863 Other Health Services

O864 Veterinary Services

O871 Child Care Services

O872 Community Care Services

Culture and recreation

P911 Film and Video Services

P912 Radio and Television Services

P921 Libraries

P922 Museums

P923 Parks and Gardens

P924 Arts

P925 Services to the Arts

P931 Sport

P932 Gambling Services

P933 Other Recreation Services

Personal services

Q951 Personal and Household Goods Hiring

Q952 Other Personal Services

Q961 Religious Organisations

Q962 Interest Groups

Q963 Public Order and Safety Services

Q970 Private Households Employing Staff




Unallocated is used by banks where the correct category is not known.

Finance sector

The finance sector, as the ANZSIC code explains, is applicable to deposits from, and loans to, ‘financial institutions'. Included here are all resident repos and reverse repos.

Since Part D was introduced, banks have interpreted ‘finance' to mean any negotiable security which represents a claim on any entity, not just a loan to a ‘financial institution'. Many firms use short-term paper as part of their financing, with banks buying the paper. For example, a bank buying the paper of a large firm in the energy sector should have this credit coded to the ‘electricity, gas and water' sector, but currently such borrowing is usually allocated to ‘finance'. Changes in sectoral financing requirements cannot be meaningfully assessed unless the paper held in portfolio by banks is allocated to the correct sector.

The exception is paper bought that represents a secondary claim on the household sector. Banks buy paper such as mortgage backed securities and short-term asset-backed paper for consumer durables issued by other primary lenders. This is included in the ‘finance' sector and not the ‘household' sector.

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:


Interest rates on funding and claims


Monetary aggregates


Credit aggregates


Monetary and credit aggregate components


Balance sheet of M3 institutions


Sector credit


Household credit


Household deposits


Banks: Balance Sheet ($m)


Banks: Funding by sector ($m)


Banks: Claims by sector ($m)


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
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.