French non-MMF portfolio monetary financial institutions
French non-MMF portfolio monetary financial institutions stood at 252.91 EUR billion in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Securities held by residents table (Value · Quarterly), with a complete series running from Q1 2009 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Securities held by residents table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio of non-money market funds by issuer, outstanding amounts | |||||||||||
| Issued by monetary financial institutions | 252.91 | 238.65 | 243.26 | 232.95 | 231.39 | 225.01 | 215.07 | 209.43 | 207.09 | 200.02 | |
| Issued by general government | 153.26 | 153.22 | 152.84 | 150.17 | 146.36 | 140.29 | 133.95 | 119.57 | 113.68 | 114.19 |
Understanding french non-MMF portfolio monetary financial institutions
Monetary financial institutions issue the underlying debt securities and equity shares held within the asset portfolios of non-money market funds, targeting bank-issued financial instruments. This metric isolates the exposure of mutual funds to the banking sector, separating bank debt and bank equity holdings from government bonds and non-financial corporate shares. It measures the extent to which collective investment schemes provide funding to commercial banks and credit institutions.
Interpreting bank-issued asset portfolios requires awareness of banking sector health, credit rating migrations, and regulatory debt issuance rules like bail-in bond requirements. Revisions to early data typically reflect updated balance sheet reports from issuing banks and refined security identification. Analysts comparing bank issuer holdings with non-financial corporate allocations must note that bank instruments carry specific regulatory risk profiles and liquidity characteristics distinct from operating business shares.
Frequently asked questions
- What types of instruments do banks issue that funds hold?
- Commercial bank bonds, subordinated debt, certificates of deposit, and equity shares issued by credit institutions.
- Why do mutual funds hold bank-issued securities?
- Fund managers buy bank debt to secure fixed income yields or participate in the financial sector's capital structure.
- Do regulatory rules affect these portfolio holdings?
- Changes in bank capital requirements can influence the types and volumes of instruments banks issue for funds to buy.