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1993 SNA Update Information - Allocation of the output of central banks

Subissue description
Issue description in [English] | [French] | [Russian] | [Spanish]
The 1993 SNA recommends that the services of central banks be measured on the basis of receipts from fees, commissions, and financial intermediation services indirectly measured (FISIM). This method sometimes results in unusually large positive or negative estimates of output. In 1995, the ISWGNA therefore decided to allow countries to measure the output of central banks, as a second best, at cost. However, the ISWGNA did not provide further guidance on the implications of this method. The review seeks to clarify the impact of the different roles that central banks perform on the nature of their output and the appropriate valuation and allocation to associate with the output of central banks.
Corresponding papers (Click on icon to see document in either pdf or word format)
AEG papers:Posted on 1/3/2006Click here to see pdf documentClick here to see word documentOutput of central banks
 Posted on 4/28/2004Click here to see pdf documentClick here to see word documentThe measurement of the production of central banks
AEG summaries:Posted on 4/7/2006Click here to see pdf documentClick here to see word documentOutput of central banks
Number of AEG recommendations:2
Number of country comments:93
Number of expert comments:1
Corresponding AEG Meetings
The subissue was discussed at the following meetings:
February 2004, Jan/Feb 2006
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