Reserve Bank of Australia Annual Report – 2010 Financial Statements Note 4 – Interest Revenue and Interest Expense
Analysis for the year ended 30 June 2010
| Average balance $M |
Interest $M |
Average annual interest rate % |
|
|---|---|---|---|
| Interest revenue | |||
| Overseas investments | 46,207 | 452 | 1.0 |
| Australian dollar securities | 36,441 | 1,515 | 4.2 |
| Overnight settlements | 773 | 26 | 3.4 |
| Gold loans | 127 | – | 0.3 |
| Loans, advances and other | 28 | 1 | 3.3 |
| 83,576 | 1,994 | 2.4 | |
| Interest expense | |||
| Banks' Exchange Settlement balances | 1,713 | 59 | 3.4 |
| Deposits from governments | 20,400 | 730 | 3.6 |
| Deposits from overseas institutions | 860 | 11 | 1.3 |
| Currency note holdings of banks | 2,827 | 104 | 3.7 |
| Overseas repurchase agreements | 3,295 | 3 | 0.1 |
| Domestic repurchase agreements | 288 | 10 | 3.5 |
| Other deposits | 24 | 1 | 2.4 |
| 29,407 | 918 | 3.1 | |
| Analysis for the year ended 30 June 2009 | |||
| Interest revenue total | 118,785 | 4,401 | 3.7 |
| Interest expense total | 56,783 | 2,040 | 3.6 |
Interest revenue for 2009/10 includes $1,317 million calculated using the effective interest method for financial assets not at fair value through profit and loss ($3,353 million in 2008/09). Interest expense for 2009/10 includes $918 million calculated using the effective interest method for financial liabilities not at fair value through profit and loss ($2,040 million in 2008/09).