1. 1 Sources and methods to calculate internal reference rate and allocate FISIM to user sectors Emilia Scafuri ISTAT, Italy

2. 2 Overall consistency among stocks, flows and interest rates Matrix of stocks of deposits and loans Matrix of accrued interest flows Matrix of interest rates

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6. 6 Coverage of FIPS (FISIM Producing Sector) S122 excluding Money-Market Funds S123 excluding Investment Funds:  Loans Securitizations  Leasing  Factoring  Consumer Credit  Holdings  Others

7. 7 Financial Intermediaries excluded from FIPS

8. 8 STOCKS OF LOANS AND DEPOSITS BY RESIDENT SECTORS Sector breakdown for loans:  Non Financial corporations (S11)  Central Bank (S121)  Other Monetary financial Institutions (S122)  Excluded Financial Intermedieries  Financial Auxiliaries (S.124)  Insurance Corporations and Pension Funds (S.125)  General Governments (S.13)  Households (S.14) –Owners of dwellings –unincorporated enterprises –Consumers NPISH (S.15)

9. 9 Financial Intermediaries excluded from FIPS

10. 10 STOCKS OF LOANS AND DEPOSITS BY RESIDENT SECTORS Sector breakdown for deposits:  Non Financial corporations (S11)  Central Bank (S121)  Other Monetary financial Institutions (S122)  Excluded Financial Intermediaries  Financial Auxiliaries (S.124)  Insurance Corporations and Pension Funds (S.125)  General Government (S.13)  Households and NPISH (S.14/S.15) –unincorporated enterprises –Consumers

11. 11 INTEREST FLOWS ON LOANS AND DEPOSITS BY COUNTERPART SECTORS Sector breakdown for interest receivable/payable:  Central Bank (S121)  Other Monetary financial Institutions (S122)  Other Non- financial resident sectors  Non resident Banks  Non resident Non-Banks (source: banks and OFIs accounting supervisory reports to the Bank of Italy)

12. 12 INTEREST RATES ON LOANS AND DEPOSITS BY RESIDENT SECTORS ECB harmonized interest rates statistics from January 2003 and domestic Money and Banking statistics :  Non Financial corporations  Central Bank  Other financial Intermediaries  Insurance Corporations and Pension Funds  General Governments  Households and NPISH (S.14/S.15) –As unincorporated enterprises –As Consumers –As owners of dwellings

13. 13 INTEREST FLOWS ON LOANS AND DEPOSITS BETWEEN RESIDENT FIs Interbank interest flows is available with the following maturity breakdown:  Interbank interests on free deposits and C/C  Interbank interests on time deposits and other restricted transferable deposits (excluding compulsory reserves with the Central Bank)  Interbank interests on repos (excluding repos with the Central Bank)  Interbank interests on short term loans  Interbank interests on financial leasing transactions source: banks accounting supervisory reports to the Bank of Italy