Page 432 - Special Topic Session (STS) - Volume 3

STS552 João Falcão Silva et al.
3. Deposits placed by households (H) – liabilities of banks vis-à-vis
sector H are not reported for any quarters - we consider two
different cases:
3.1. Liabilities of banks vis-à-vis sectors F and P are (but not subsectors of
P):
We first examine if deposit liabilities of banks vis-à-vis sector P of the
domestic country is reported. If reported, we apply estimation using
available data of banks in other reporting countries to get an average value
for sector H vis-à-vis the domestic country (i.e. we propose to use average
share of H/P from other reporting countries) and also estimate back-
20
quarters as mentioned before in the second method . If sector P amounts
are not reported vis-à-vis the country, no estimate should be considered
21
for subsector H .

3.2. Liabilities of banks vis-à-vis sectors F and P are not reported (i.e. only
sector N reported)
There is no mirror information regarding sector F and P. In this case, if
deposit liabilities of banks to sector N is reported vis-à-vis the country, we
propose to apply average estimation for all quarters using available data
of banks in other reporting countries to get value for sector H (eg use
average share of H/N) and this is similar to the first method but uses
(aggregated) reported data of banks in other countries .
22
Finally, we do not propose any estimation procedure for the situations
where liabilities of banks vis-à-vis sector N of the country is not reported
(sector N value is either zero or missing).

4. Results
According to our findings for Q4 2018(Graph 1b) the non-bank financial
institutions represent about 57 % (or $4,350 billion) of the total non-bank
amount ($7,678 billion), and the non-financial sectors represent 43% (or
$3,328 billion), similar to the reported amount (see Graph 1a or Table on page
3). The estimated breakdown suggests that 34% of total non-financial sectors
(sector P) are households (sector H) whereas sector C and sector G correspond

20 For example, US reports sectors F and P but doesn’t report subsectors of P for deposit
liabilities. In this case, we examine if sector P vis-à-vis a given domestic/counterparty country
(e.g. PT) is reported. If reported, we apply estimation using reported share from other countries
vis-à-vis domestic country to get value for sector H. If sector P amounts are not reported, we
don’t estimate amounts for subsector H.
21 If aggregate sector P doesn’t exists, subsector H can’t exist.
SG doesn’t report sectors F and P vis-à-vis any country: If SG reports sector N amounts vis-
22
à-vis PT, apply estimation using reported data of other countries to get value for sector H).
Don´t estimate in any other case.
421 | I S I W S C 2 0 1 9