D

Demand deposits

Deposits at a bank, which can be withdrawn by the respective customers. These may be in the form of checking accounts, certified checks, letter of credit issued for cash, and similar accounts or instruments. Time deposits, which have matured and have not been renewed, should also be included. Demand deposits of non-financial public enterprises are excluded from demand deposits.

Director (supervisory term)

A member of the Supervisory Board of a credit institution or a body with similar task.

E

Expenditure (government)

The level of expenditure of the government sector is derived as a residual of total registered revenue (including grants minus net lending) and net financing. The Department of Finance provides information on the nature of the expenditure.

Exports of goods and services (national accounts)

Exports of goods and services, according to the national accounts, consist of purchases, barter, or receipts of gifts or grants, of goods and services by Aruban residents and purchased by the rest of the world. Exports of merchandise are valued free-on-board (f.o.b.). Source: Central Bureau of Statistics.

F

F.D.A.

'Fondo Desaroyo Aruba'.

Final consumption (national accounts)

Private households: all expenditures on consumer goods and services, including expenditure on durables such as motor vehicles and furniture, payments made by the government on behalf of households, and the imputed rent of owner-occupied dwellings. Households consist of Aruban residents, and consumption expenditure relates to their expenditures both within Aruba or abroad.

Financial account (balance of payments)

The financial account of the balance of payments covers direct investment, portfolio investment and other investment. The latter is subdivided into loans and other financial transactions.

Financial survey

The financial survey provides an overview of the activity of the financial sector as a whole. It covers financial positions and transactions of the financial sector with other domestic sectors and with the rest of the world. It comprises the accounts of the Centrale Bank van Aruba, the Treasury (the government, related only to the issuance of components of money supply, i.e., coins and treasury bills), the commercial banks, and the aggregated accounts of the nonmonetary financial institutions, comprising mortgage banks, pension funds, life insurance companies, finance companies, the Aruban Investment Bank and the Social Security Bank.

Fixed-asset-to-capital ratio (supervisory ratio)

Fixed assets divided by test capital. The maximum allowed ratio is 100 percent.

G

Goods (balance of payments)

Comprise import and export related payments of crude oil and oil products as well as import and export related payments by free-zone enterprises and by sectors other than the oil and free-zone sectors effectuated through the banking system and notified foreign bank and/or current accounts. Also included are the non-oil merchandise payments by the oil sector, goods procured in ports and repair of goods.