Depository corporations analytical accounts - C52

Released
30 October 2020 03:00 p.m.
Next release
30 November 2020 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Sep 2018 Sep 2019 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
Net credit to non-residents ($m)
Net credit to non-residents (A1-A2) -79,567 -89,622 -90,832 -90,290 -88,981 -90,666 -94,335
A1. Credit to non-residents 69,844 80,683 82,635 80,448 79,627 75,176 65,773
A2. Less: Liabilities to non-residents 149,411 170,305 173,467 170,738 168,608 165,842 160,108
Domestic credit ($m)
Domestic credit (B+C) 450,113 482,296 514,698 515,405 519,720 525,828 527,826
B. Net credit to central government 3,629 8,164 28,368 30,509 33,542 37,635 41,351
C. Private sector credit 446,485 474,132 486,331 484,896 486,178 488,193 486,474
C1. Credit to other financial corporations 9,345 11,161 10,362 10,096 10,052 10,866 10,895
C2. Credit to local government 6,889 8,536 9,069 8,720 9,761 9,392 9,514
C3. Credit to public non-financial business 1,099 1,037 1,241 1,277 1,214 1,319 1,355
C9. Credit to other private sectors 429,151 453,397 465,659 464,803 465,151 466,616 464,710
Broad money ($m)
Broad money (D1 to D9) 302,781 320,212 343,608 346,397 350,385 354,806 355,780
D1. Currency held by the public 5,842 6,150 7,243 7,157 7,188 7,253 7,354
D2. Transaction deposits 61,502 69,219 88,046 89,755 91,567 96,285 97,007
D3. Other deposits 235,436 244,842 248,319 249,486 251,630 251,268 251,420
D9. Securities other than shares - - 0 0 0 0 0
Other liabilities ($m)
Debt securities excluded from broad money 28,298 28,947 32,624 30,945 30,278 30,679 29,659
Borrowings 156 180 219 155 162 215 264
Financial derivatives 2,343 4,280 5,386 4,948 5,164 5,147 4,380
Equity ($m)
Equity 44,094 46,588 48,829 48,830 49,305 49,870 50,212
Net other items ($m)
Net other items -7,125 -7,531 -6,800 -6,160 -4,556 -5,556 -6,804

Coverage, Periodicity, and Timeliness of Data

Coverage

Assets of depository corporations presented as claims on other resident institutional sectors and non-residents, and liabilities presented by category of financial instrument in order of their liquidity.

Depository corporations comprise:

  • Reserve Bank of New Zealand
  • Registered banks

Data is sourced from the Reserve Banks’ own Balance Sheet and the Reserve Bank’s Bank Balance Sheet Survey of New Zealand registered banks.

Periodicity and Timeliness

Data is published on the last working day of the month.

Access by the public

Data Release

Data is released on the Reserve Bank’s Statistics section.

Statistics release calendar

The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.

View the Statistics Release Calendar

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Data is collected under Section 36 and 93 of The Reserve Bank of New Zealand Act 1989 (The Act).

Read the Reserve Bank of New Zealand Act 1989.

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

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

The analytical accounts are compiled in line with the Monetary and Financial Statistics Manual and Compilation Guide (IMF 2016).

Depository corporations

Reserve Bank of New Zealand and registered banks
The Reserve Bank of New Zealand is New Zealand's central bank.
Registered banks are the consolidated banking group of banks operating in New Zealand and registered by the Reserve Bank of New Zealand.

Counterparts

Net credit to non-residents
Net credit to non-resident is calculated as Credit to non-residents less Liabilities to non-residents.
Credit to non-residents
Claims on non-residents by registered banks including:
  • Debt securities
  • Loans and repos
  • Other claims
Liabilities to non-residents
Liabilities to non-residents from the Reserve Bank of New Zealand and registered banks including::
  • Deposits
  • Other liabilities
Domestic credit
Domestic claims comprises:
  • Net credit to central government
  • Credit to other sectors (private sector credit)
Net credit to central government
Net credit to central government is calculated as credit to central government less liabilities to central government. .
Deposits
Deposits with the Reserve Bank of New Zealand.
Other credit to Reserve Bank
Other claims on the Reserve Bank comprises:
  • Debt securities
  • Repos
  • Financial derivatives
Net credit to central government
Net credit to central government is calculated as credit to central government less liabilities to central government.
Credit to central government
Claims on central government by the Reserve Bank of New Zealand and registered banks including:
  • Debt securities
  • Loans and repos
  • Other claims
Liabilities to central government
Liabilities to central government from the Reserve Bank of New Zealand and registered banks including:
  • Deposits
  • Other liabilities
Private sector credit
Private sector credit (also known as claims on other sectors) comprises:
  • Debt securities
  • Loans and repos
  • Other claims
Debt securities
Debt securities issued by the Reserve Bank of New Zealand and registered banks to the private sector:
  • Other financial corporations
  • Local government
  • Public non-financial business
  • Other private sectors
Loans
Loans and repos by registered banks to the private sector:
  • Other financial corporations
  • Local government
  • Public non-financial business
  • Other private sectors
Other claims
Other claims (deposits, derivatives) by the Reserve Bank of New Zealand and registered banks on the private sector:
  • Other financial corporations
  • Local government
  • Public non-financial business
  • Other private sectors
Other financial corporations
Insurance companies, pension funds and other non-deposit taking financial institutions.
Local government
Local authorities.
Public non-financial business
Government and local authority trading enterprises.
Other private sectors
Non-financial business, households and non-profit institutions serving households.

Broad money

Broad money
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value.
Currency held by the public
Currency issued by the Reserve Bank of New Zealand less any currency held by registered banks. Also known as notes and coins in the hands of the public.
Transaction deposits
Deposit balances where the purpose of the account is primarily for making transactions or "every day" banking by customers. Balances are on call.
Other deposits
Other components of broad money comprises:
  • Savings deposits
  • Term deposits
  • Other
Savings deposits
Deposit balances where the purpose of the account is primarily for saving. For some balances disincentives may apply if used for transaction purposes i.e. a “penalty” may apply such as loss of bonus interest. Balances are on call.
Term deposits
Customer time or term deposits with a maturity of greater than 1 day.
Other
Short term debt securities issued by registered banks.

Other liabilities

Debt securities excluded from broad money
Debt securities issued by the Reserve Bank of New Zealand and registered banks that are not included in broad money.
Borrowings
Loans and repos of the Reserve Bank of New Zealand and registered banks.
Financial derivatives
Financial derivatives of the Reserve Bank of New Zealand and registered banks.

Other

Equity
Funds contributed by the owners, reserves and retained earnings of the Reserve Bank of New Zealand and registered banks.
Net other items
Other liabilities less other assets, consisting of all liabilities and assets not included elsewhere and inter-bank consolidation adjustment.

Impact of the sale of UDC on RBNZ statistics

30 October 2020

On 1st September 2020, ANZ completed the sale of UDC Finance Limited (UDC). Prior to Sep-20, UDC were included in our banking sector statistics as a consolidated entity under ANZ Banking Group Limited. From Sep-20 onwards, UDC will instead be included in our statistics as a non-bank lending institution (NBLI). This change in treatment will result in UDC being excluded from our “Registered Banks” statistics, with the impact on our bank lending stock figures summarised at a total level below:

Break date Housing lending Business lending Agriculture lending Consumer lending Financial Institutions Other loans
 Sep-20 0 -2,235 -138 -940 -6 -32

We do not break adjust the lending stock figures visible in our web tables, and therefore the figures presented show the actual lending stocks as at the end of each month.

We do break adjust annual sector lending growth rates in Table C5. However, as UDC’s lending has moved from banks to non-banks in our statistics, this change alone does not impact the C5 web table growth rates, as these rates cover total sector lending.

Please note there is a separate break of $182m which has been reclassified from business to agriculture, which has resulted in a break adjustment to the business & agriculture growth rates published on the C5 table.

The following tables compare bank lending growth rates calculated from the stock figures in our web tables versus when they have been adjusted for the break in the series.

Break adjusted bank business & consumer annual growth rates:

UDC-1

UDC-2

The Non bank web tables have also been impacted by this adjustment, with UDC now being included in these tables. Break adjusted non-bank business & consumer annual growth rates are shown below:

UDC-3

UDC-4

A list of series breaks are published against our C5, S31 & S32 tables.

The bank balance sheet release for September also includes a key points summary. Some figures in this summary have been break adjusted to account for the new treatment of UDC in our statistics.

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

Symbols and conventions for summary table

0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
light red background Historical

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.