INTERSECTORAL FINANCIAL FLOWS
NET TRANSACTIONS DURING DECEMBER QUARTER 2018
During December quarter 2018, financial corporations borrowed a net $13.1b from households, primarily through deposits of $14.0b and net equity in reserves of $18.0b, which were partly offset by household long-term loan borrowings of $19.5b.
Financial corporations borrowed a net $10.6b from the rest of the world, primarily through the issuance of short-term debt securities of $30.2b mostly issued by banks. These were partly offset by settlements of derivatives of $12.6b and long and short term loans of $12.3b driven by banks.
General government borrowed a net $16.2b from financial corporations, primarily through the withdrawal of their deposits of $20.5b from the central bank and banks.
AMOUNTS OUTSTANDING AT END OF DECEMBER QUARTER 2018
Net claims on non-financial corporations were $1,066.5b from financial corporations, $944.1b from rest of world, $662.3b from households and $410.0b from general government.
Net claims on financial corporations were $1,617.8b from households. These were mainly comprised of net equity in reserves of $2,494.4b and deposits of $1,128.3b, which were partly offset by loans lent to households of $2,141.3b.