Reserve Bank of Australia Annual Report – 2014 Financial Statements Note 4 – Interest Revenue and Interest Expense
Analysis for the year ended 30 June 2014
| Average balance |
Interest | Average annual interest rate |
|
|---|---|---|---|
| $M | $M | % | |
| Interest revenue | |||
| Foreign investments | 52,404 | 153 | 0.3 |
| Australian dollar securities | 58,397 | 1,667 | 2.9 |
| Overnight settlements | 549 | 13 | 2.3 |
| Cash collateral provided | 50 | 1 | 2.6 |
| Gold loans | 49 | – | 0.4 |
| Loans, advances and other | 20 | – | 2.3 |
| 111,469 | 1,834 | 1.6 | |
| Interest expense | |||
| Exchange Settlement balances | 13,752 | 342 | 2.5 |
| Deposits from governments | 25,988 | 653 | 2.5 |
| Deposits from overseas institutions | 1,073 | 15 | 1.4 |
| Banknote holdings of banks | 3,175 | 72 | 2.3 |
| Foreign repurchase agreements | 2,548 | (1) | – |
| Australian dollar repurchase agreements | 124 | 3 | 2.5 |
| Cash collateral received | 101 | 2 | 2.5 |
| Other deposits | 19 | – | 1.0 |
| 46,780 | 1,086 | 2.3 | |
| Analysis for the year ended 30 June 2013 | |||
| Interest revenue total | 79,226 | 1,642 | 2.1 |
| Interest expense total | 25,488 | 708 | 2.8 |
Interest revenue for 2013/14 includes $1,259 million calculated using the effective interest method for financial assets not at fair value through profit and loss ($857 million in 2012/13). Interest expense for 2013/14 includes $1,086 million calculated using the effective interest method for financial liabilities not at fair value through profit and loss ($708 million in 2012/13).