78NWw9
78NWw9
78NWw9
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Notice to Readers<br />
MONETARY FINANCIAL INSTITUTIONS<br />
Notice to readers<br />
NOTICE TO READERS<br />
The supplement is divided into three sections:<br />
1. Monetary policy statistics;<br />
2. Banking system balance sheet items and other information;<br />
3. Banking interest rates.<br />
The Methodological appendix describes the content of the supplement.<br />
The complete time series are available on the Bank of Italy's website under Statistics/Statistical<br />
Database (BDS). In this database are also available additional tables, listed in the index of the<br />
Supplement. An extract of the information contained in the this publication will be released<br />
monthly, a few days beforehand, on the Bank of Italy's website under Statistics/Special Data<br />
Dissemination Standard (SDDS).<br />
Data on stocks comprise variations not arising from financial transactions, such as exchangerate<br />
variations, value adjustments, and reclassifications (for example, non-bank financial<br />
institutions reclassified as banks). This implies that the rates of growth of the aggregates should<br />
not be computed using only data on stocks. The rates of growth of the main aggregates adjusted to<br />
take account of statistical breaks and of all the other components not attributable to financial<br />
transactions are published in the press release "Main items of banks' balance sheets", in the<br />
figures of this Supplement, and on the Bank of Italy's website under Statistics/Statistical Database<br />
(BDS).<br />
The time series on the twelve month rate of change of bank loans are calculated including<br />
loans not stated in banks' balance sheets because securitized or otherwise sold, and excluding<br />
transactions concluded with central counterparties. The time series on the twelve month rate of<br />
change of total deposits is calculated excluding deposits related to securitizations and loan sales,<br />
and transactions concluded with central counterparties.<br />
The entry into force of the new Regulation ECB/2008/32 as of June 2010 and some changes to<br />
the supervisory reports have produced some breaks in the time series on loans, deposits, securities<br />
other than shares and capital and reserves. Series on total assets and total liabilities also show a<br />
statistical break in June 2010 as a consequence of these discontinuities. Interest rates have also<br />
been affected by some discontinuities due to the entry into force of Regulation ECB/2009/7 (see<br />
attachment).<br />
In January 2014 corporate actions carried out by some banking groups caused statistical breaks<br />
in the outstanding amounts of loans (especially to non-financial corporations and "other financial<br />
institutions"), bad debts (especially of non-financial corporations) and interbank deposits and<br />
loans. These operations explain most of the changes compared with the preceding months. Rates<br />
of growth are net of these changes.<br />
2