France short-term state debt: other financial intermediaries
France short-term state debt: other financial intermediaries stood at 19.16 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial corporations | 44,486.61 | 31,546.8 | 31,515.96 | 37,135.85 | 34,851.65 | 36,136.72 | 23,928.57 | 25,458.63 | 30,806.65 | 30,632.69 | |
| Other financial institutions excluding insurance and pension funds | 21,258.88 | 15,983.45 | 14,633.6 | 17,012.78 | 16,820.99 | 18,370.54 | 14,398.45 | 9,909.23 | 9,289.88 | 10,537.11 | |
| Other financial intermediaries | 19.16 | 1,118.7 | 172.3 | -120.64 | 216.4 | 785.97 | 228.04 | 401.95 | 393.52 | 20.81 |
Understanding france short-term state debt: other financial intermediaries
Specialized financial intermediaries engaged in lending, factoring, leasing, or securities brokering hold the nominal value of short-term state debt securities outside standard banking and fund management. This series isolates niche financial service providers that facilitate market transactions or provide specialized credit, excluding deposit-taking banks, insurance enterprises, and collective investment funds. Treasury bill holdings reflect their specific liquidity and reserve management needs.
Evaluating these specialized intermediary holdings requires recognizing that their balance sheets are typically smaller and subject to unique operational drivers compared to major commercial banks. Year-on-year comparisons help filter out noise from episodic business transactions and specialized lending activities. Researchers must avoid equating these intermediaries with commercial credit institutions, as they do not take retail deposits or operate standard payment systems. Revisions to early data points frequently occur as regulatory authorities update the register of active non-bank financial intermediaries.
Frequently asked questions
- Which activities characterize other financial intermediaries?
- Leasing, factoring, specialized lending, and securities brokering activities outside traditional banking define this group.
- Do these intermediaries accept standard public deposits?
- No, they operate without taking conventional retail deposits, distinguishing them from credit institutions.
- Why is long-term trend analysis preferred for this series?
- Episodic corporate transactions and niche lending activities can introduce irregular quarterly volatility.