Reserve Bank of Australia Annual Report 2011
Reserve Bank of Australia Annual Report 2011
Reserve Bank of Australia Annual Report 2011
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Note 4 – Interest Revenue and Interest Expense<br />
Analysis for the year ended 30 June <strong>2011</strong><br />
Interest revenue<br />
Average<br />
balance<br />
$M<br />
Interest<br />
$M<br />
Average annual<br />
interest rate<br />
%<br />
Overseas investments 40 168 391 1.0<br />
<strong>Australia</strong>n dollar securities 30 471 1 497 4.9<br />
Overnight settlements 934 41 4.4<br />
Gold loans 60 – 0.2<br />
Loans, advances and other 17 1 4.2<br />
Interest expense<br />
71 650 1 930 2.7<br />
<strong>Bank</strong>s’ Exchange Settlement balances 1 424 63 4.4<br />
Deposits from governments 12 119 559 4.6<br />
Deposits from overseas institutions 539 19 3.5<br />
Currency note holdings <strong>of</strong> banks 2 827 133 4.7<br />
Overseas repurchase agreements 3 602 5 0.2<br />
Domestic repurchase agreements 355 17 4.6<br />
Other deposits 50 2 3.7<br />
Analysis for the year ended 30 June 2010<br />
20 916 798 3.8<br />
Interest revenue total 83 576 1 994 2.4<br />
Interest expense total 29 407 918 3.1<br />
Interest revenue for 2010/11 includes $1 214 million calculated using the effective interest method for financial<br />
assets not at fair value through pr<strong>of</strong>it and loss ($1 317 million in 2009/10). Interest expense for 2010/11 includes<br />
$798 million calculated using the effective interest method for financial liabilities not at fair value through<br />
pr<strong>of</strong>it and loss ($918 million in 2009/10).<br />
86 <strong>Reserve</strong> bank <strong>of</strong> <strong>Australia</strong>