FINANCIAL MARKET SUMMARY

SELECTED FINANCIAL INSTRUMENTS

		Outstanding at end		Transactions during		Other changes during		Outstanding at end
		Jun Qtr 2018		Sep Qtr 2018		Sep Qtr 2018		Sep Qtr 2018
		$b		$b		$b		$b
Currency and deposits
	Currency	79.6		2.0		-		81.6
	Transferable deposits	904.3		-0.9		1.7		905.1
	Other deposits	1 611.0		13.1		5.5		1 630.4
Short term debt securities
	Bills of exchange	36.9		-3.2		-		33.7
	One name paper	521.9		-52.2		2.9		472.6
Long term debt securities
	Bonds, etc.	2 510.0		1.7		20.4		2 532.1
Derivatives
	Derivatives	493.8		-81.9		46.5		458.4
Loans and placements
	Short term	378.7		5.2		2.0		385.9
	Long term	3 712.6		28.9		4.4		3 745.9
Shares and other equity
	Listed	1 936.7		10.5		16.1		1 963.3
	Unlisted	4 424.5		39.8		68.1		4 532.5
Insurance technical reserves
	Reserves of pension funds and life offices	2 487.1		13.8		28.1		2 529.0
	General insurance prepayments and reserves	110.5		2.5		-		113.0
- nil or rounded to zero (including null cells)

The listed shares market increased $26.6b in September quarter 2018, with net transactions of $10.5b and a valuation increase of $16.1b. Total valuation increases were driven by other private non-financial corporation shares.

The loans and placements market increased $40.5b in September quarter 2018, with net transactions of $34.1b and revaluations of $6.4b. Long term loans to other private non-financial corporations were the main driver of net transactions in the loans and placements market. Long term loans to households also contributed to the overall growth in the loans and placements market this quarter.

Bonds increased $22.1b, with net issuance of $1.7b and revaluations of $20.4b in September quarter 2018. Net transactions were driven by net issuance of $9.8b in the domestic market and -$8.1b in the offshore market. While positive revaluations were observed in both markets, revaluations in the offshore market were larger due to the Australian dollar depreciating against most major currencies over the quarter.

Total deposits increased $19.5b in September quarter 2018, with net transactions of $12.2b and a valuation increase of $7.2b. The increase in total deposits was driven by growth in other deposits (1.2%). Households' deposits grew by 2.5%. Banks were the main driver in net transactions of deposits, partly offset by the central bank.