T22 Deposit taking finance companies: Funding ($m)

Released
31 January 2017 03:00 p.m.
Next release
28 April 2017 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Quarterly
Data files
T22 (2004-current) (XLS 28 KB)
Previous years: Quarterly:
Dec 2014 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016
B3 Total funding
B3.2 EFTPOS less cheque - - - - - -
B3.3 Other call 36 33 28 22 12 19
B3.4 2 < 90 days 1,871 1,846 1,867 1,933 1,989 1,891
B3.5 90 days < 1 year 76 196 184 90 48 150
B3.6 1 year < 2 years 146 122 124 118 112 85
B3.7 2 years < 3 years 74 77 141 141 136 236
B3.8 3 years < 4 years 69 125 60 60 55 4
B3.9 4 years < 5 years 94 9 4 2 1 1
B3.10 5 years + 39 39 39 39 39 39
Unallocated 407 401 405 405 405 405
B3.11 Total 2,811 2,847 2,851 2,809 2,797 2,829

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.

Deposit-taking finance companies are NBLIs (excluding savings institutions) with a prospectus on issue, enabling them to take deposits from the public.

Data is sourced from the Non-Bank Standard Statistical Return (SSR). The SSR obtains balance sheet data from NBLIs using the same template as for registered banks, with lesser completion requirements.

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 deposit-taking finance companies are displayed in the table below.

Deposit-taking finance companies

Series breaks

Loans

Less: Counter-part funding

Total Assets (A15)

Memo: House-hold Deposits

Break date

Table C5

Table C6

Agriculture

Business

Housing

Consumer

Mar. 11

-116

-569


-470

-161

-1,090

-847

Dec. 09


-258

-144


-144

-175


Mar. 09




-56




Sept. 08




-104


-62

-28

Mar.08

-9


-284

-32




Sep. 12

-12

-40




-317


Series breaks last updated: 31 January 2013

Treatment of DTFCs in receivership

The balance sheets of DTFCs that are in receivership are included in published statistics because the credit remains extended to borrowers, and funds remain due to depositors, until the company is wound-up. Asset recoveries and write-offs clearly identified by receivers (in publically available receivership reports) and subtracts them from the book value of the assets that had previously been reported while it was still in operation. The same approach is taken when distributions to preferential creditors and first ranking debenture or deposit holders are reported; the value of the liability reduces. Where receivers do not clearly indicate the extent or value of write-offs, asset valuation changes and distributions, the book value remains in place.

Deposit-taking finance companies are non-bank lending institutions (excluding savings institutions) with a prospectus on issue, enabling them to take deposits from the public.

B3 New Zealand dollar funding

The total for this category (B3.11) equals A1.5 in table T21. 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.

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.