Methodological notes on nonfinancial sector and households debt indicator on bank loans and issued debt securities

The Bank of Russia builds the nonfinancial sector and households debt indicator on bank loans and issued debt securities on a monthly basis by economic sector, financial instrument and currency (ruble and foreign currency).

The debt is calculated as outstanding amounts of the nonfinancial corporations sector (S.11) on issued debt securities (F.3) and outstanding amounts of the nonfinancial corporations sector (S.11) and of the sector of households and non-profit institutions serving households (NPISHs), (S.14+S.15) on loans (F.4) provided by the credit institutions subsector (S.122) of the financial corporations sector (S.12). Outstanding amounts on debt securities (F.3) are accounted for at face value less debt securities bought out by issuers excluding bills. The classification of sectors and instruments corresponds to the System of National Accounts, 2008 (2008 SNA) (European Commission, IMF, OECD, UN, World Bank, 2009).1

Data for constructing the debt indicator of the nonfinancial sector and households are taken from monetary statistics, securities statistics, credit institutions’ statements presented in Reporting Form 0409711 ‘Report on securities data’, and professional securities market participants’ statements presented in Reporting Form 0420415 ‘Report of professional securities market participants’.

The debt indicator of the nonfinancial sector and households on bank loans and issued debt securities may be reviewed if the source data are updated, if there appear additional sources of data, and also if the indicator calculation methodology changes.

* Institutional sectors of the economy and financial instruments are described in the Methodology for Compiling the Financial Accounts and the Financial Balance Sheets of the System of National Accounts of the Russian Federation.