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   Flow of funds by sector
 (millions of euro)
 
     2012-IV    2012-III    2012-II    2012-I    2011-IV    2011-III    2011-II    2011-I    2010-IV


















Individuals:1                  
  Formation of financial assets with:
                 
  Non-financial corporations
-879 -448 1,729 -658 -897 1,263 1,328 742 1,168
  Securities other than shares
129 369 33 33 203 150 340 -10 -3
  Quoted shares
-639 -353 1,446 -2,147 -577 1,990 352 464 1,321
  Unquoted shares and other equity
-379 -481 230 1,438 -1,028 -894 619 271 -157
  Technical reserves of non-autonomous pension funds
10 17 20 18 505 17 17 17 7
  General government
2,353 465 -2,637 -3,055 8,178 1,314 -1,458 -2,470 3,090
  Currency
-16 -4 4 -14 21 13 33 19 31
  Securities other than shares
-618 -1,032 -951 -582 5,760 -584 247 -263 363
  Loans
0 0 0 -49 0 0 0 0 0
  Other assets
2,987 1,501 -1,691 -2,410 2,397 1,885 -1,738 -2,226 2,696
  Financial corporations
4,287 -686 7,683 8,513 -3,553 308 8,637 7,827 2,908
  Currency
582 -63 662 -565 851 278 629 -494 237
  Deposits
5,122 1,006 7,013 7,430 1,679 -1,066 4,857 5,618 5,782
  Securities other than shares
-1,729 -1,506 -1,345 -1,012 -845 -28 1,216 -545 -1,158
  Quoted shares
112 585 76 -1 -14 0 100 -3 80
  Unquoted shares and other equity
3 -43 106 -89 -44 -78 -149 -205 169
  Mutual fund shares
1,125 -2,410 -857 -1,601 -881 -1,562 -1,576 -734 -517
  Insurance technical reserves
1,614 743 1,843 3,023 868 1,074 1,808 2,688 2,757
  Other assets and adjustments
-2,543 1,001 184 1,329 -5,168 1,690 1,751 1,502 -4,442
  Rest of the world
2,213 1,569 1,772 1,199 4,383 819 2,909 2,671 2,709
  Total
7,973 900 8,546 5,999 8,111 3,704 11,416 8,770 9,875
Non-financial corporations:                  
  Formation of financial assets with:
                 
  Individuals1
- - - - - - - - -
  Non-financial corporations
-10,275 -4,703 -16,548 8,950 29,557 -26,579 6,698 -7,801 33,285
  Securities other than shares
25 -471 589 805 390 65 224 368 165
  Loans
1,019 2,758 -8,856 5,494 -9,038 -9,288 4,452 2,624 5,062
  Quoted shares
-533 858 357 -8 -448 557 847 -69 -317
  Unquoted shares and other equity
-10,785 -7,847 -8,637 2,659 38,653 -17,912 1,175 -10,724 28,375
  General government
411 -1,171 -328 655 304 1,540 -1,215 785 -286
  Securities other than shares
-178 -861 133 155 139 1,527 -53 -223 -166
  Other assets
588 -310 -461 500 165 14 -1,161 1,008 -120
  Financial corporations
415 -1,697 -1,673 3,826 2,918 -1,074 -695 3,172 2,264
  Currency and deposits
-1,036 -1,115 -1,836 2,522 1,306 -639 -8 462 1,888
  Securities other than shares
-44 -56 89 337 32 -73 -78 -32 -296
  Quoted shares
1,121 220 237 -113 519 140 301 -72 356
  Unquoted shares and other equity
343 119 46 405 243 -262 -295 17 203
  Mutual fund shares
6 17 18 18 237 17 20 20 8
  Other assets and adjustments
25 -882 -227 657 581 -257 -635 2,777 105
  Rest of the world
-29,587 4,161 25,174 15,644 10,283 34,880 12,346 28,698 12,311
  Total
-39,037 -3,410 6,625 29,075 43,063 8,768 17,133 24,854 47,574
General government:                  
  Formation of financial assets with:
                 
  Individuals1
132 -735 343 471 129 -1,047 395 397 -27
  Non-financial corporations
1,253 -2,793 1,461 -7 2,428 -2,499 1,596 -113 1,605
  General government
1,486 -1,269 1,467 -7,389 12,177 -959 1,465 -8,217 9,693
  Securities other than shares
-235 -2,581 1,251 -4,574 9,820 -2,351 1,530 -6,244 7,280
  Loans
2,554 21 128 -2,052 2,911 267 -42 -1,552 2,334
  Other assets
-833 1,291 88 -763 -553 1,125 -23 -421 79
  Financial corporations
-5,626 -797 1,116 1,794 2,384 239 -892 1,530 -2,583
  Rest of the world
1,921 -2,068 3,518 1,050 -606 1,769 -490 2,067 -446
  Total
-834 -7,661 7,904 -4,081 16,513 -2,498 2,074 -4,335 8,242
Financial corporations:                  
  Formation of financial assets with:
                 
  Individuals1
1,391 1,594 3,516 2,127 4,033 2,722 4,705 2,443 3,153
  Loans
1,598 1,456 3,537 2,059 3,996 2,664 4,698 2,432 3,127
  Other assets and adjustments
-207 138 -21 68 36 58 7 12 26
  Non-financial corporations
2,815 -3,791 4,830 -589 901 -1,574 3,961 1,188 3,567
  Securities other than shares
299 -36 993 103 -311 -327 44 326 458
  Loans
1,038 -1,392 1,319 1,193 -692 -1,875 4,388 -332 1,952
  Quoted shares
349 -350 -36 7 182 -367 -124 -126 635
  Unquoted shares and other equity
1,642 -1,714 3,411 -1,873 1,207 1,030 -500 1,377 -607
  Other assets and adjustments
-513 -299 -857 -19 516 -34 152 -58 1,129
  General government
1,238 708 7,190 5,620 9,167 7,974 4,969 10,436 -983
  Securities other than shares
1,512 2,341 5,570 6,516 6,134 8,499 4,685 8,490 207
  Loans
-1,285 -1,040 410 509 3,057 -501 -1,011 3,086 -1,871
  Other assets
1,012 -594 1,210 -1,405 -24 -23 1,295 -1,140 681
  Financial corporations
-69,427 6,030 11,389 -13,516 53,467 49,717 -5,560 -23,119 -33,791
  Rest of the world
-39,482 -6,362 -8,232 -29,668 -24,370 36,741 -3,413 -23,823 -8,032
  Total
-103,465 -1,821 18,693 -36,027 43,198 95,580 4,661 -32,874 -36,086
Rest of the world:                  
  Formation of financial assets with:
                 
  Non-financial corporations
-35,203 8,034 14,291 20,247 24,151 22,904 2,093 27,822 14,611
  General government
-3,382 -88 1,122 8,239 -14,824 -3,554 -3,231 3,973 -3,378
  Financial corporations
-26,232 -9,554 1,535 -39,433 -20,151 56,676 7,557 -22,822 -6,496
  Total
-64,817 -1,608 16,949 -10,946 -10,824 76,027 6,419 8,972 4,737
New financial liabilities of:                  
  Individuals1
1,523 860 3,859 2,598 4,162 1,675 5,099 2,840 3,126
  Non-financial corporations
-42,289 -3,702 5,763 27,943 56,141 -6,484 15,676 21,838 54,235
  General government
2,105 -1,355 6,813 4,070 15,002 6,316 530 4,506 8,136
  Financial corporations
-96,571 -6,662 20,155 -38,740 35,306 106,067 8,932 -32,767 -37,796
  Rest of the world
-64,948 -2,741 22,127 -11,851 -10,550 74,008 11,466 8,968 6,641
  Total
-200,179 -13,600 58,717 -15,980 100,061 181,581 41,703 5,386 34,342

1 This sector encompasses the households and non-profit institutions serving households.
 
Sources : NBB


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