5.42 Definition:
The sub-category transferable deposits (F.22) consists of all transactions in transferable deposits (AF.22) that is deposits (in national or in foreign currency) which are immediately convertible into currency or which are transferable by cheque, banker's order, debit entry or the like, both without any kind of significant restriction or penalty.
5.43
Sub-category AF.22 includes transferable deposits with resident and
non-resident monetary financial institutions. They cover transferable deposits between
monetary financial institutions, such as deposits which other monetary financial
institutions hold with the central bank to satisfy compulsory reserve
requirements, insofar as such deposits remain transferable, or working balances and
foreign exchange deposits under swap arrangements or between other monetary
financial institutions.
5.44
All sectors and the rest of the world may hold transferable deposits. They are
liabilities predominantly of monetary financial institutions and the rest of
the world, and sometimes of general government.