INTERSECTORAL FINANCIAL FLOWS
DURING MARCH QUARTER 2016
During March quarter 2016, non-financial corporations borrowed a net $19.2b from financial corporations. This was primarily driven by borrowing through loans and placements, as well as issuance of equities.
Non-financial corporations borrowed a net $24.7b from rest of world, primarily through bond and equity issuances.
The household sector incurred net claims of $6.0b on financial corporations through deposits and net equity in reserves of pension funds partially offset by loan borrowings.
General government borrowed a net $11.4b from financial corporations predominantly through bond issuances.
AT END OF MARCH QUARTER 2016
At the end of March quarter 2016, net claims on non-financial corporations were $943.6b from rest of world, $899.8b from financial corporations, $432.0b from the household sector and $320.1b from general government.
Net claims on financial corporations were $1,264.9b from the household sector, driven by net equity in reserves and deposit holdings.