$95 billion supported by wholesale guarantee
Bank have utilised the Australian government guarantee on large deposits and wholesale deposits to cover $95 billion of liabilities, the quarterly statement on monetary policy published by the Reserve Bank of Australia on Friday shows.The RBA said this comprises $18 billion in deposits of more than $1 million (and equal to two per cent of all bank deposits), $20 billion of short-term debt and $57 billion of long-term debt.