(BOPCOM-03/44)

BOPCOM-3/44
____________________________________________________________________________
Sixteenth Meeting of the
IMF Committee on Balance of Payments Statistics
Washington D.C., December 1–5, 2003
Measuring the Production of Financial Corporations
and
OECD Task Force on the Measurement of Non-Life Insurance Production
in the Context of Catastrophes
Prepared by the Organisation for Economic Co-operation and Development

1
ROOM DOCUMENT FOR THE BOP COMMITTEE
Interim reports of the OECD task forces on the measurement of insurance and financial services in the
national accounts.
Attached to this room document to the BOP Committee are the interim reports of two task forces: (1) on
the measurement of insurance production in the context of catastrophes and (2) on the measurement of
financial services.
The issues discussed by the two task forces, organized by the OECD, are both part on the list of issues that
is included in the ISWGNA work program for the revision of the SNA. Both reports have an impact on
BOP compilation.
These two reports have been presented and discussed at the recent OECD national accounts meeting, and
received in general support.
As recommended by the ISWGNA guidelines for the SNA review, the moderators of the two task forces
are in the process of drafting a paper for submission to the Advisory Expert Group, the recently created
body of experts which will confirm or infirm the proposals made by task forces. The first meeting of the
AEG is during February 16-20, 2004. The two submissions to the AEG will be made available to experts in
the beginning of 2004. It is expected that these submissions will generally follow the recommendations
that are included in the present interim reports.
However, some changes will be included, in particular to take into account the discussions in the OECD
meeting. It is therefore important to note that the attached documents are not exactly the documents which
will be submitted to the AEG.

For Official Use STD/NAES(2003)8
Organisation de Coopération et de Développement Economiques
Organisation for Economic Co-operation and Development
___________________________________________________________________________________________
English - Or. English
STATISTICS DIRECTORATE
National Accounts and Economic Statistics
MEASURING THE PRODUCTION OF FINANCIAL CORPORATIONS
DRAFT FINAL REPORT
OECD TASK FORCE ON FINANCIAL SERVICES (BANKING SERVICES) IN NATIONAL
ACCOUNTS
OECD National Accounts Experts Meeting
Château de la Muette, Paris
7-10 October 2003
Room 2
Beginning at 9:30 a.m. on the first day
Document complet disponible sur OLIS dans son format d'origine
Complete document available on OLIS in its original format
STD/NAES(2003)8 For Official Use
English - Or. English

STD/NAES(2003)8
2
MEASURING THE PRODUCTION OF FINANCIAL CORPORATIONS
DRAFT FINAL REPORT
OECD TASK FORCE ON FINANCIAL SERVICES (BANKING SERVICES) IN NATIONAL ACCOUNTS
8 September 2003
Submitted to:
OECD National Accounts Expert Meeting
Paris, 7-10 October 2003

STD/NAES(2003)8
3
TABLE OF CONTENTS
1. Background .......................................................................................................................................4
2. Introduction.......................................................................................................................................4
3. Identifying financial corporations .....................................................................................................5
4. Identifying financial services ............................................................................................................8
5. Measuring the production of financial services ..............................................................................10
6. Overall conclusions by the Task Force ...........................................................................................12