Statistics

November 2001

Indicators 8.2, 8.3 and 8.4.

The following changes have been made:

  • Classification of mutual funds Until October 2001, the criterion used to classify mutual funds into FIAMM, national fixed-income FIM and other funds was based on the composition of the portfolio and the residence of the issuers of the securities making up the portfolio, i.e. the proportions of fixed-income and equities and the national or international nature of the securities. From November 2001, the classification is based on the objectives declared by the funds themselves.
  • Extension of the group of financial assets included Until October 2001, these indicators reflected the data of a particular grouping of financial assets classified into two categories: cash and cash equivalents and other liquid financial assets. Cash and cash equivalents consisted of cash, sight deposits and savings deposits (the latter including both sight savings deposits and deposits redeemable at a period of notice of less than three months). Other liquid assets consisted of other deposits with credit institutions, repurchase agreements entered into by credit institutions, securities issued by credit institutions and shares in mutual funds.As from the November 2001 update, the deposits of residents with branches of resident credit institutions located abroad have been included in these indicators. Also, the set of financial assets obtained has been divided into the following three groups: a) cash and cash equivalents which includes the same assets as up until now, b) other liabilities of credit institutions, consisting of other deposits with credit institutions, repurchase agreements entered into by credit institutions, securities issued by credit institutions and deposits with branches of credit institutions abroad; and, c) shares in mutual funds, which are broken down into types of fund: FIAMM, euro fixed-income FIM and other FIM. In addition, and as a memorandum item, two wider groupings of such assets are recorded, namely, AL1 (which includes cash and cash equivalents, other liabilities of credit institutions and shares in FIAMM) and AL2 (which includes AL1 plus shares in euro fixed-income FIM). Also shown as a memorandum item is the contribution of FIM resident in Spain to M3.Finally, the general heading "Liquid financial assets" has been replaced by the more descriptive "Cash and cash equivalents, other liabilities of credit institutions and shares in mutual funds".

Indicator 8.9. Lending by credit institutions to "other resident sectors", by end-use

Until November 2001, this indicator reflected information on banks, savings banks, and credit co-operative banks (in the case of the latter, without any details of end-use). As from November 2001, this indicator provides information on lending by end-use of "credit institutions", a grouping that, in addition to banks, savings banks and credit co-operative banks, includes specialised financial credit institutions and the Official Credit Institute (lending by end-use of each of these groupings is given in Tables 89.53, 89.54 and 89.55 of the Boletín estadístico, which is published on www.bde.es).