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