Analytical Accounts of Central Bank and Other Depository Corporations Workshop on “Co llaboration Among Data Compilers

2. Analytical Accounts of Central Bank and Other Depository Corporations Workshop on “Collaboration Among Data Compilers & Users” May 8-9, 2006 State Bank of Pakistan Statistics Department • Naseer Ahmad • Joint Director • State Bank of Pakistan • (92 21) 921 2571 • (92 21) 921 2569 • naseer.ahmed@sbp.org.pk

3. Scope • It is the analytical presentation of monetary aggregates • Meet international standards of: • Methodology, • Compilation and Dissemination Practices • Transparency, • Quality • Frequency and • Timeliness • Access to the public • Helpful in policy formulation • Helpful in analysis and research

4. Coverage • Covers the balance sheets of: • The central bank • Deposit Money Institutions • Other Deposit Accepting Corporation • With details on: • Sectors • Financial instrument

5. 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

6. 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 State Bank of Pakistan Statistics Department

7. Overview • Monetary and Financial Statistics Manual-2000 (MFSM 2000) • Monetary Statistics • Financial Statistics State Bank of Pakistan Statistics Department

8. Assets/ Liabilities Currency and Deposits Securities other than shares Loans Shares and other equity Insurance technical reserves Financial derivatives Other accounts receivable/ payable Non-financial assets State Bank of Pakistan Statistics Department

9. Sectors of the economy Non-financial corporations Financial corporations General government Non-profit institutions serving households (non-market) Households The Rest of the world State Bank of Pakistan Statistics Department

10. Residency criteria Individuals • Economic territory, no nationality, legal or political boundaries • Centre of economic interest • One year or more • Exceptions: • Students • Crew members • Diplomats • Armed forces members State Bank of Pakistan Statistics Department

11. Residency criteria • Corporations • One year or more • Separate set of accounts • Significant production of goods or services • Transactions located in that economy State Bank of Pakistan Statistics Department

12. Residency criteria • 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. State Bank of Pakistan Statistics Department

13. Sectors/sub-sectors of the economy • Financial corporations • Central bank • Other depository corporations • Deposit money institutions • Other deposit accepting institutions • Other financial intermediaries • Financial auxiliaries • Insurance corporations and pension funds • Life insurance corporations • Non-life insurance corporations • Pension funds State Bank of Pakistan Statistics Department

14. Sectors/sub-sectors of the economy • Public • Private • Foreign controlled • National private State Bank of Pakistan Statistics Department

15. Sectors/sub-sectors of the economy • General government • Central government • Federal government excluding NPIs & Public enterprises • NPIs (Non market) • Provincial Governments • Provincial Governments excluding NPIs& Public enterprises • NPIs (Non market) • Local governments • Non-profit institutions serving households (non-market) State Bank of Pakistan Statistics Department

16. Sectors/sub-sectors of the economy • Households • Employers • Own account workers • Employees • Recipient of property and transfer incomes • The Rest of the world State Bank of Pakistan Statistics Department

17. Assets/ Liabilities • Currency and Deposits • Currency • Transferable deposits • Restricted/ compulsory deposits • Other deposits State Bank of Pakistan Statistics Department

18. Stock and flows Opening stock Net transactions Valuation changes Other changes in volume Closing stock State Bank of Pakistan Statistics Department

19. Valuation changes • Exchange rate changes • Price changes • Fair value / market price State Bank of Pakistan Statistics Department

20. Other changes in volume • Financial flows that arise from changes other than those arising from transactions and revaluations. These includes: • Write-offs of claims • Catastrophic losses such as natural disasters, acts of war, and riots etc. • Uncompensated seizures such as possession taken by governments due to non payment of taxes, fines or similar levies • Sectoral reclassification State Bank of Pakistan Statistics Department

21. 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 State Bank of Pakistan Statistics Department

22. 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 State Bank of Pakistan Statistics Department

25. Thanks State Bank of Pakistan Statistics Department