Westpac Banking Corporation (Westpac) added A$21 billion (US$21.7 billion) to its holdings of level one liquid assets – comprising cash, and government and semi-government bonds – over the course of its 2010/11 financial year. Announcing its annual results on November 2, Westpac revealed total liquid assets holdings of A$103 billion at the end of its financial year, with almost all the growth from the A$82 billion held at the end of 2009/10 coming in level one securities.