Banks: Face value of funding by residential maturity (L3)

This data presents the funding obtained by banks (such as deposits and the issuing of bonds), broken down by the remaining term of such funding.
Released
01 October 2021 03:00 p.m.
Next release
03 November 2021 03:00 p.m.
Source
Reserve Bank of New Zealand
Periodicity
Monthly
Previous years: Monthly:
Aug 2019 Aug 2020 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021
Total funding by residual maturity
Overnight 159,057 208,924 244,641 248,615 249,199 253,881 256,874
>= 2 days & <= 1 month 34,153 31,820 30,447 29,255 26,588 28,262 26,311
> 1 month & <= 3 months 63,368 58,933 62,586 55,396 58,420 59,625 58,575
> 3 months & <= 6 months 64,951 58,946 58,775 62,425 58,225 56,541 55,526
> 6 months & <= 1 year 47,899 47,552 46,188 45,613 48,711 46,500 45,478
> 1 year & <= 18 months 13,987 18,817 10,402 11,246 10,809 10,193 11,026
> 18 months & <= 2 years 14,302 10,913 9,119 9,594 10,467 10,488 9,162
> 2 years & <= 3 years 17,347 13,625 19,987 19,147 18,276 20,953 23,771
> 3 years & <= 4 years 10,676 17,023 12,398 11,738 10,722 9,924 8,889
> 4 years & <= 5 years 16,889 8,938 5,658 6,068 8,251 8,483 8,943
> 5 years & <= 7 years 8,233 3,602 2,449 2,729 5,847 7,569 7,749
> 7 years & <= 10 years 3,316 5,818 4,374 5,640 6,234 5,757 5,092
> 10 years or undated 782 601 585 587 590 589 586
Total 454,958 485,511 507,610 508,052 512,337 518,764 517,982

The data: coverage, periodicity, and timeliness

Coverage characteristics

Data on the value of funding are published as end of month figures in millions of New Zealand dollars. Ratios are published as percentages.

Periodicity

Monthly

Timeliness

Data is released approximately five weeks after the reference month.

Start-date of aggregate statistics

Tables L1 and L2 are compiled from data required to be reported by registered banks from April 2010, and are published from that date.

Table L3 is compiled from data required to be reported by registered banks from March 2011, and is published from that date.

List of institutions included in published liquidity statistics

All locally incorporated banks are required to provide reports on liquidity to the Reserve Bank.

Access by the public

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

The information is disseminated by the Reserve Bank of New Zealand as a service to the public.

The RBNZ collects, monitors and analyses the data in undertaking its prudential supervisory functions. These operations involve liaising with and monitoring financial institutions, in order to ensure effective implementation of policy and the soundness of the financial system.

Individual bank responses are strictly 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. This applies to the summary table only and not excel files. 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 under "Revisions to Tables".

Any major changes in methodology will be posted here on this website.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

Definitions of series are available in the Series description.

The Reserve Bank's Liquidity Policy specifies the minimum prudential standards for registered banks, addressing the degree of liquidity risk that they take on, and their approach to managing that risk.

View the Liquidity Policy.

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

Summary information on bank funding is published in the Standard Statistical Return monthly (See S tables).

Registered banks are required to publish Disclosure Statements quarterly. Summary information from these statements is reproduced by the Reserve Bank and available on the website.

A list of registered banks is available.

Last updated December 2014

The definitions below are sourced directly from the Liquidity Policy.

Total loans and advances

Total loans and advances (as per BS13) is the figure for loans & advances (net) as reported in the monthly Bank Balance Sheet Survey for the month that is two months prior to the BS13 reporting month.

Total funding

Total funding is the sum of all market and non-market funding.

non-market funding

Non-market funding means total deposits/debt securities issued by the bank, not falling within the definition of market funding.

Market funding

Market funding is defined as the total of:

  1. deposits/debt securities of the bank held by financial institutions or related parties of financial institutions;
  2. tradable debt securities issued by the bank not already included in (a) above;
  3. any funding received from related parties of the bank not already included in (a) or (b) above; and
  4. any funding that the registered bank is unable to, or chooses not to allocate between market and non-market funding.

Residual maturity

Residual maturity is the remaining time until the expiration or the repayment of the funding instrument

Domestic

The key concept for defining the residency source of funding is the centre of economic interest. An institutional unit or entity is defined as domestic when location exists within the economic territory of the country from which it engages, and intends to continue to engage, in a significant amount of economic activity.

Offshore

Funding received from an institution or entity with a non-resident withholding tax 'flag' is classified as offshore for the purposes of this report.

Funding received through an agent or nominee, acting on behalf of non-residents, is also identified as offshore funding.

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.