Savings institutions: Funding ($m) - T12

Released
09 May 2017 03:00 p.m.
Next release
31 July 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Previous years: Quarterly:
Mar 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017
B3 Total funding
B3.1 Transaction call - cheque 26 34 31 31 37 43
B3.2 EFTPOS less cheque 4 6 7 7 7 8
B3.3 Other call 295 341 356 356 374 384
B3.4 2 < 90 days 197 257 226 245 246 216
B3.5 90 days < 1 year 420 532 567 538 547 600
B3.6 1 year < 2 years 119 74 76 81 101 80
B3.7 2 years < 3 years 16 19 20 16 12 14
B3.8 3 years < 4 years 1 1 3 3 3 3
B3.9 4 years < 5 years 1 2 2 1 2 2
B3.10 5 years + - - - - - -
Unallocated 203 216 216 216 211 211
B3.11 Total 1,283 1,482 1,503 1,494 1,539 1,559

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Since December 2004, the Bank has conducted a quarterly survey of non-bank financial institutions (NBLIs). NBLIs are financial institutions with total assets of $5m or more at the consolidated group level, whose principal business is credit provision and borrowing money from the public and/or other sources.

Savings institutions are NBLIs with a prospectus on issue, enabling them to take deposits from the public. They include registered building societies and credit unions.

Data is sourced from the Non-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 quarter.

There are aggregates for NBLIs classified as savings institutions, deposit taking finance companies and non-deposit taking finance companies, as well as all NBLIs.

The assets and liabilities summary present a summarised balance sheet, excluding securitised loan assets and counterpart funding. Funding and claims are broken down by maturity or sector.

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

Quarterly, as at the last business day.

Timeliness

On or before the last business day of the month after the end of the reference quarter.

Access by the public

Statistics release calendar

The "Statistics Release Calendar" is updated and released on the last working 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

An Excel Template is completed and returned each quarter by NBLIs.

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

Deposit-taking finance companies and savings institutions provide prospectus disclosure annually, in addition to statutory reports, which enable checks for reasonableness.

Series breaks

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

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

Savings institutions

Series breaks

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Agriculture

Business

Housing

Consumer

Dec.12

-529

-901

-279

-366


-2,042

-1,535

Dec.11



-1,082

-114

-170

-1,290

-1,177

Mar.11

116

569

-15

470

161

1,075

847

Dec.10

-6


-117



-143

-123

Dec. 08

-400

-264

-1,631

-88

-301

-2,225

-1,859

Series breaks last updated: 31 January 2013

Savings institutions are non-bank lending institutions with a prospectus on issue, enabling them to take deposits from the public. They include registered building societies and credit unions.

B3 New Zealand dollar funding

The total for this category (B3.11) equals A1.5 in table T11. The concept of ‘time to rate reset' is to the next rate reset, or expiry of the contractual term of the funding, whichever is first. Where no contractual expiry is specified but the funds are not at call, allocations are to the time at which first notice of repayment may be made.

B3.1 Transaction call - cheque

All cheque account balances.

B3.2 EFTPOS less cheque

The total balances of all product accounts from which customers can make EFTPOS payments (not the balances only of the customers who have elected to do so, but balances where they have the opportunity). Cheque accounts are excluded to preclude double-counting.

B3.3 Other call

Accounts not included in B3.1 and B3.2 that are on call.

The Reserve Bank has commenced a review of the statistical reporting of non-bank entities. The suite of non-bank statistics currently includes the following tables:

During the initial review phase we have identified that these tables are rarely used. We plan to discontinue the release of these tables from July 2017. The data will still be available for users on request. Please email your request to stats-info@rbnz.govt.nz.

This change initiative is part of a comprehensive review of statistical reporting of non-bank entities. We are reviewing the reporting to create more coherent and comparable statistics, which are better aligned with international standards. We currently plan to complete the review in 2018 and expect further changes to non-bank statistics. 

We invite your feedback on user requirements for non-bank statistics.

Please email your comments to stats-info@rbnz.govt.nz.

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.