The latter comprises notes and coins in circulation plus deposits plus certificates of deposit. The analytical accounts do not include positions outside the central bank balance sheet. Domestic and external accounts are sectorized according to residency and this definition is consistent with the Fund's Balance of Payments Manual, Fifth Edition. Ordinary individuals and nonfinancial corporations may not hold accounts with the central bank. The central government may not borrow from the central bank, i.e., Danmarks Nationalbank's accounts with the public sector are only in the form of the central governments account with the Nationalbank on the liability side and the Nationalbank's holdings of central government securities on the asset side.
Banks comprise commercial banks and savings banks.
The analytical accounts of Danmarks Nationalbank, which has no branches, are based on its accounting records. The Danish Financial Supervisory Authority is not consolidated with the central bank's analytical accounts, nor is any other institutional unit or activity. The starting point each year is the annual account on an mark to market basis at the end of the year. The following 12 monthly balance sheets are calculated as the annual account at the end of the previous year plus accumulated flows valued at transaction prices. Value adjustments are excluded since these are made only at year-end.