Changes introduced in this bulletin 2005
September
CHAPTER 4. CREDIT INSTITUTIONS. DATA FROM SUPERVISORY RETURNS
On 22 December 2004, the Banco de España approved CBE 4/2004 on "Public and Confidential Financial Reporting Rules and Financial Statement Formats". The purpose of this new accounting circular is to adapt the accounting rules for Spanish credit institutions to international Financial Reporting Standards (IFRS), which have been adopted by the European Union. The Circular established that the first statements to be presented to the Banco de España based on the new accounting policies are those of 30 June 2005.
The Circular, which is the basis for the compilation of this chapter, has made changes to the individual confidential returns hitherto in force (the format of the coding, measurement, the scope of some instruments, etc.), which require a revision of the chapter that will not be concluded until December 2005. Until then part of this information will not be updated and will appear as "under revision" in the Release Calendar available at www.bde.es
CHAPTER 8. OTHER MONETARY FINANCIAL INSTITUTIONS (INCLUDING CREDIT INSTITUTIONS). DATA FROM EURO AREA STATISTICAL RETURNS
This chapter includes credit institutions (along with money market funds), although with an alternative presentation to that of Chapter 4. Its tables are based on Rule seventy-one and Annex VII of CBE 4/4004 (to apply IFRS to credit institutions), approved on 22 December 2004, which refer to the EMU statistical requirements. Although the returns have not been changed significantly, they have been affected by the new accounting rules. Accordingly, although these tables continue to be updated, there have been some changes as a consequence of the entry into force of the new Circular. The most relevant are: a) savings accounts, classified until May 2005 as deposits redeemable at notice up to three months (column 12 of Table 8.44 and columns 6 and 12 of Table 8.9, among others), are now included within overnight deposits (column 9 of Table 8.44 and columns 3 and 9 of Table 8.9, among others). This change is reflected in the tables of the interest rates of these instruments (Tables 9 and 15 of Chapter 18 relating to the interest rates of credit institutions); and b) the return to the balance sheet of some of the securitised assets that had been removed from the balance sheet in application of the rules in force until the approval and entry into force of CBE 4/2004. This change has led to an exceptional increase in the amount of credit (column 6 of Table 8.41 and column 6 of Table 8.2, among others) and in time deposits (column 6 of Table 8.42 and column 6 of Table 8.3, among others).
CHAPTER 13. REGIONAL (AUTONOMOUS) GOVERNMENTS AND LOCAL GOVERNMENTS
Included for the first time are Tables 21 and 22, which give a breakdown by regional (autonomous) government of the debt of their public corporations classified as non-financial corporations in the National Accounts. Prior to this issue, the total debt of these corporations (without a breakdown by regional government) was published in Table 17 of Chapter 11 and Table 18 of Chapter 13. Table 21 expresses the debt in millions of euro and Table 22 as a percentage of regional GDP.