5232.0 - Australian National Accounts: Finance and Wealth, Mar 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/06/2018   
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FINANCIAL MARKET SUMMARY

SELECTED FINANCIAL INSTRUMENTS



Outstanding at end
Transactions during
Other changes during
Outstanding at end
Dec Qtr 2017
Mar Qtr 2018
Mar Qtr 2018
Mar Qtr 2018
$b
$b
$b
$b

Currency and deposits
Currency
82.2
-1.8
-
80.4
Transferable deposits
870.6
7.6
1.3
879.5
Other deposits
1 615.3
-2.5
6.3
1 619.1
Short term debt securities
Bills of exchange
42.1
-2.8
-
39.3
One name paper
471.4
24.0
8.7
504.1
Long term debt securities
Bonds, etc.
2 440.2
48.0
8.4
2 496.6
Derivatives
Derivatives
402.4
-52.1
77.4
427.7
Loans and placements
Short term
335.1
15.9
1.6
352.5
Long term
3 634.2
47.3
1.0
3 682.4
Shares and other equity
Listed
1 911.3
8.0
-92.3
1 826.9
Unlisted
4 136.9
32.8
16.7
4 186.4
Insurance technical reserves
Reserves of pension funds and life offices
2 421.7
32.5
-44.6
2 409.7
General insurance prepayments and reserves
108.5
0.8
-
109.3

- nil or rounded to zero (including null cells)

The listed shares market decreased $84.3b in March quarter 2018, with net transactions of $8.0b and a valuation decrease of $92.3b. Total valuation decreases were driven by other private non-financial corporations shares down $40.6b and bank shares down $30.9b. This is the largest negative growth seen in the listed shares market since September quarter 2015.

The loans and placements market increased $65.6b in March quarter 2018, with net transactions of $63.2b and revaluations of $2.6b. Growth in long term lending to households was slower this quarter at 1.5%, compared to last quarter's growth of 1.7%. Despite this slower growth long term loans to households were the main driver of net transactions in the loans and placements market. Long term loans to other private non-financial corporations and short term loans to the rest of world also contributed to the overall growth in the loans and placements market this quarter.

Bonds increased $56.4b, with net issuance of $48.0b and revaluations of $8.4b in March quarter 2018. Net transactions were driven by net issuance of $23.6b in the domestic market and $24.4b in the offshore market. While positive revaluations were observed in both markets, the offshore market was larger due to the Australian dollar depreciating against most major currencies over the quarter.

Total deposits increased $12.7b in March quarter 2018, with net transactions of $5.1b and a valuation increase of $7.6b. The increase in total deposits was driven by growth in both transferable deposits (1.0%) and other deposits (0.2%). Households' deposits grew by 1.1%. Deposits with the rest of world were the main driver of transactions in both deposit markets this quarter.