|Unit||AUD Bil., SA|
Financial aggregates are compiled by the Reserve Bank of Australia (RBA) from data primarily supplied by banks and NBFIs and also incorporate data supplied by the ABS. Up to and including June 2000, figures for banks are averages of weekly (Wednesday) figures and figures for NBFIs are averages of end-month figures for the current and previous months. From July 2000 figures for both banks and NBFIs are end-month. Prior to January 1989, figures for savings bank deposits are averages of end-month or near end-month figures for the current and previous months. The data have breaks due to changes from time to time in the number of reporting institutions and other reporting changes. Seasonal adjustment is by the RBA. ‘Currency’ comprises holdings of notes and coins by the private non-bank sector. Bank deposits exclude Australian and State Government and inter-bank deposits.
‘M1’ is defined as currency plus bank current deposits of the private non-bank sector. ‘Deposits with non-bank ADIs’ includes deposits with CUBS and SCCIs, less currency and deposits with other ADIs.
‘M3’ is defined as M1 plus all other ADI deposits of the private non-ADI sector plus certificates of deposit issued by banks.
‘Other borrowings from private sector by AFIs’ includes non-deposit borrowings (other than from AFIs) by ADIs, RFCs (money market corporations, finance companies, pastoral finance companies and general financiers) and cash management trusts. Prior to August 1996, when AMMDs’ accreditation was revoked, these data include borrowings by AMMDs from the private sector and exclude borrowings by other AFIs from AMMDs. ‘Broad money’ is defined as M3 plus other borrowings from the private sector by AFIs, less the holdings of currency and bank deposits by RFCs and cash management trusts.
‘Money base’ is defined as holdings of notes and coins by the private sector plus deposits of banks with the Reserve Bank and other Reserve Bank liabilities to the private non-bank sector. ‘Offshore borrowings by AFIs’ comprises net foreign currency and Euro-A$ borrowings. Prior to April 2003, this series excluded Euro-A$ borrowings by NBFIs.
Data is revised when new data becomes available