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Analytical Accounts of Central Bank and Other Depository Corporations
Workshop on
“Collaboration Among Data Compilers & Users”
May 8-9, 2006
Naseer AhmadJoint DirectorState Bank of Pakistan(92 21) 921 2571(92 21) 921 [email protected]
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Scope
It is the analytical presentation of monetary aggregatesMeet international standards of:
Methodology,Compilation and Dissemination PracticesTransparency, QualityFrequency and Timeliness
Access to the publicHelpful in policy formulationHelpful in analysis and research
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Coverage
Covers the balance sheets of:
The central bank
Deposit Money Institutions
Other Deposit Accepting Corporation
With details on:
Sectors
Financial instrument
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Periodicity
Compiled and disseminated on monthly basis
Analytical accounts for the central bank are disseminates at SBP website, usually NLT 15th of subsequent month
Analytical accounts for other depository corporations are disseminates at SBP website, NLT 30th of subsequent month along with the combined position
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Compilation Methodology Monetary Statistics in Pakistan
Month end compilation based on weekly statements
Month end compilation based on monthly reporting (Switch over) in September 2004
Month end compilation based on MFSM guidelines
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Monetary and Financial Statistics Manual-2000 (MFSM 2000)
Monetary Statistics Financial Statistics
Overview
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Assets/ Liabilities
1.Currency and Deposits
2.Securities other than shares
3.Loans
4.Shares and other equity
5.Insurance technical reserves
6.Financial derivatives
7.Other accounts receivable/ payable
8.Non-financial assets
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Sectors of the economy
1.Non-financial corporations
2.Financial corporations
3.General government
4.Non-profit institutions serving households
(non-market)
5.Households
6.The Rest of the world
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Residency criteria
IndividualsEconomic territory, no nationality, legal or political boundariesCentre of economic interestOne year or moreExceptions:
StudentsCrew membersDiplomatsArmed forces members
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Corporations
One year or more
Separate set of accounts
Significant production of goods or services
Transactions located in that economy
Residency criteria
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Economic territory
That geographic territory with in which persons, goods and capital circulate freely – includes, airspace, territorial waters etc
Centre of Economic Interest
– An institutional unit is said to have a center of economic interest within a country when there exists some location—dwelling, place of production, or other premises—within the economic territory of the country on, or from,
– which it engages, and intends to continue to engage, in a significant amount of economic activity.
Residency criteria
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2. Financial corporationsa) Central bankb) Other depository corporations
i) Deposit money institutionsii) Other deposit accepting institutions
c) Other financial intermediariesd) Financial auxiliariese) Insurance corporations and pension
fundsi) Life insurance corporationsii) Non-life insurance corporationsiii) Pension funds
Sectors/sub-sectors of the economy
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• Public
• Private
Foreign controlled
National private
Sectors/sub-sectors of the economy
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3. General governmenta) Central government
i) Federal government excluding NPIs & Public enterprises
ii) NPIs (Non market)b) Provincial Governments
i) Provincial Governments excluding NPIs& Public enterprises
ii) NPIs (Non market)c) Local governments
4. Non-profit institutions serving households (non-market)
Sectors/sub-sectors of the economy
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5. Householdsa) Employersb) Own account workersc) Employeesd) Recipient of property and
transfer incomes
6. The Rest of the world
Sectors/sub-sectors of the economy
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Assets/ Liabilities
1. Currency and Deposits
a)Currency
b)Transferable deposits
c)Restricted/ compulsory deposits
d)Other deposits
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Stock and flows
Opening stock
Net transactions
Valuation changes
Other changes in volume
Closing stock
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Valuation changes
Exchange rate changes
Price changes
Fair value / market price
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Other changes in volume
Financial flows that arise from changes other than
those arising from transactions and revaluations.
These includes:
1. Write-offs of claims
2. Catastrophic losses such as natural disasters, acts of
war, and riots etc.
3. Uncompensated seizures such as possession taken
by governments due to non payment of taxes, fines
or similar levies
4. Sectoral reclassification
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Depository corporations survey
Deposit money institutions survey
Other depository corporations survey
Other financial corporations survey
Financial corporations survey
Financial statistics of the economy
Flow of Funds Accounts (FFAs)
International Investment Position (IIP)
Analytical presentation of data
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Sources of Data
State bank of Pakistan
Deposit money institutions
Other depository institutions
Non-depository financial corporations
Non-financial corporations
House hold
The rest of the world
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Thanks