Face value of funding by residual maturity ($m) - L3

02 August 2017 03:00 p.m.
Next release
31 August 2017 03:00 p.m.
Reserve Bank of New Zealand
Previous years: Monthly:
Jun 2015 Jun 2016 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017
Total funding by residual maturity
Overnight 136,163 149,871 148,576 149,607 151,562 146,919 144,546
>= 2 days & <= 1 month 27,277 23,133 33,380 26,333 27,869 27,382 28,062
> 1 month & <= 3 months 48,224 50,831 55,867 56,237 53,306 53,861 56,690
> 3 months & <= 6 months 40,630 47,212 48,232 49,201 52,100 57,295 57,232
> 6 months & <= 1 year 39,543 39,544 41,607 43,864 43,369 42,049 43,642
> 1 year & <= 18 months 11,874 14,124 13,024 11,693 11,115 10,385 11,329
> 18 months & <= 2 years 12,268 11,225 10,134 12,156 12,407 12,049 13,118
> 2 years & <= 3 years 18,248 16,765 18,621 16,626 16,272 16,304 14,771
> 3 years & <= 4 years 12,076 8,205 10,781 13,747 14,511 14,269 16,086
> 4 years & <= 5 years 5,739 15,153 17,615 15,298 15,748 14,676 12,821
> 5 years & <= 7 years 3,370 3,088 5,377 6,158 6,169 6,343 5,582
> 7 years & <= 10 years 834 1,006 890 1,192 1,236 2,362 2,354
> 10 years or undated 404 623 770 536 541 540 539
Total 356,649 380,777 404,874 402,645 406,205 404,435 406,770

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.




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.


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.


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.

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.

Last updated December 2014

The definitions below are sourced directly from the Liquidity Policy.

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:

(a) deposits/debt securities of the bank held by financial institutions or related parties of financial institutions;

(b) tradable debt securities issued by the bank not already included in (a) above;

(c) any funding received from related parties of the bank not already included in (a) or (b) above; and

(d) 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.


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.


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.

The new format for our Excel data files will be rolled out to the Liquidity tables (L1, L2 and L3) on 2 Aug 2017.

The most notable changes in the Excel data files will be:

  • No extra columns, bold numbers, merged cells or any other formatting. This will make it easier for data users to transform the file into other ‘machine friendly’ formats such as .csv.
  • Two extra tabs – ‘Table Description’ and ‘Series Definitions’ that will contain supplementary information about the table and the data.
  • The data tab will have two extra rows: unit and series ID linked to the Series Definitions.

There will be no change to the presentation of summary data in the summary tab.

Symbols and conventions for summary table

0 Value rounded to zero
- Zero or 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.