18.a  DEPOSITORY CORPORATIONS SURVEY (MONETARY SURVEY) p
		as of periods indicated
		in million pesos
						LEVELS																																											ANNUAL GROWTH RATES
						2002	2003	2004												2005												2006														2007
					Item	Dec	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	June	July	Aug	Sep	Oct	Nov	Dec		Jan	Feb	Mar	April	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec		Jan	Feb		Dec03-Dec02	Dec04-Dec03	Jan05-Jan04	Feb05-Feb04	Mar05-Mar04	Apr05-Apr04	May05-May04	Jun05-Jun04	Jul05-Jul04	Aug05-Aug04	Sep05-Sep04	Oct05-Oct04	Nov05-Novt04	Dec05-Dect04	Jan06-Jan05	Feb06-Feb05	Mar06-Mar05	Apr06-Apr05	May06-May05	Jun06-Jun05	Jul06-Jul05	Aug06-Aug05	Sep06-Sep05	Oct06-Oct05	Nov06-Nov05	Dec06-Dec05	Jan07-Jan06	Feb07-Feb06
	1.  NET FOREIGN ASSETS					525,488	597,668	593,269	592,924	610,239	580,307	574,238	556,197	577,565	639,470	642,486	638,229	676,889	677,664	699,600	798,944	797,935	789,255	792,900	887,578	855,341	861,097	897,865	846,439	866,977	911,651		1,025,366	1,060,183	1,060,657	1,115,260	1,149,780	1,199,650	1,168,726	1,223,255	1,251,008	1,300,255	1,346,800	1,368,517		1,398,879	1,467,477		13.7	13.4	17.9	34.7	30.8	36.0	38.1	59.6	48.1	34.7	39.7	32.6	28.1	34.5	46.6	32.7	32.9	41.3	45.0	35.2	36.6	42.1	39.3	53.6	55.3	50.1	36.4	38.4
		A.   Bangko Sentral ng Pilipinas				536,543	636,989	606,834	591,833	633,158	639,306	652,399	635,360	626,590	649,913	661,670	673,819	684,088	689,251	657,738	714,178	724,312	729,454	764,799	812,033	818,285	841,671	873,845	834,686	839,891	846,112		946,047	946,044	940,515	990,230	990,999	1,019,568	1,002,476	1,010,052	1,003,255	1,053,095	1,071,877	1,076,898		1,112,100	1,136,219		18.7	8.2	8.4	20.7	14.4	14.1	17.2	27.8	30.6	29.5	32.1	23.9	22.8	22.8	43.8	32.5	29.8	35.7	29.6	25.6	22.5	20.0	14.8	26.2	27.6	27.3	17.6	20.1
				Net International Reserves		681,724	781,781	749,490	735,024	776,764	792,567	806,331	791,091	780,776	788,978	802,046	811,484	810,164	819,183	779,549	835,412	843,135	846,884	881,980	932,579	935,602	959,480	992,359	950,548	930,165	937,032		1,033,957	1,033,126	1,026,353	1,047,340	1,068,830	1,098,635	1,076,227	1,083,159	1,075,397	1,098,595	1,114,782	1,127,726		1,160,754	1,183,988		14.7	4.8	4.0	13.7	8.5	6.9	9.4	17.9	19.8	21.6	23.7	17.1	14.8	14.4	32.6	23.7	21.7	23.7	21.2	17.8	15.0	12.9	8.4	15.6	19.8	20.4	12.3	14.6
					Foreign Assets	859,056	948,151	913,170	896,546	931,788	927,428	935,003	920,147	904,661	910,714	909,262	908,237	903,690	913,110	867,772	904,458	905,477	908,743	939,566	991,077	991,299	1,007,716	1,039,395	996,509	975,159	981,465		1,067,739	1,066,850	1,058,775	1,080,700	1,103,097	1,131,943	1,098,255	1,097,218	1,088,025	1,111,129	1,127,095	1,128,401		1,161,663	1,185,068		10.4	-3.7	-5.0	0.9	-2.8	-2.0	0.5	7.7	9.6	10.7	14.3	9.7	7.9	7.5	23.0	18.0	16.9	18.9	17.4	14.2	10.8	8.9	4.7	11.5	15.6	15.0	8.8	11.1
					Foreign Liabilities	177,332	166,370	163,680	161,522	155,024	134,861	128,672	129,056	123,885	121,736	107,216	96,753	93,526	93,927	88,223	69,046	62,342	61,859	57,586	58,498	55,697	48,236	47,036	45,961	44,994	44,433		33,782	33,724	32,422	33,360	34,267	33,308	22,028	14,059	12,628	12,534	12,313	675		909	1,080		-6.2	-43.5	-46.1	-57.3	-59.8	-54.1	-55.2	-54.7	-55.0	-60.4	-56.1	-52.5	-51.9	-52.7	-61.7	-51.2	-48.0	-46.1	-40.5	-43.1	-60.5	-70.9	-73.2	-72.7	-72.6	-98.5	-97.3	-96.8
				Medium & Long-Term Foreign Liabilities		145,181	144,792	142,656	143,191	143,606	153,261	153,932	155,731	154,186	139,065	140,376	137,665	126,076	129,932	121,811	121,234	118,823	117,430	117,181	120,546	117,317	117,809	118,514	115,862	90,274	90,920		87,910	87,082	85,838	57,110	77,831	79,067	73,751	73,107	72,142	45,500	42,905	50,828		48,654	47,769		-0.3	-10.3	-14.6	-15.3	-17.3	-23.4	-23.9	-22.6	-23.9	-15.3	-15.6	-15.8	-28.4	-30.0	-27.8	-28.2	-27.8	-51.4	-33.6	-34.4	-37.1	-37.9	-39.1	-60.7	-52.5	-44.1	-44.7	-45.1
		B.  Other Depository Corporations  (Deposit Money Banks)				-11,055	-39,321	-13,565	1,091	-22,919	-58,999	-78,161	-79,163	-49,025	-10,443	-19,184	-35,590	-7,199	-11,587	41,862	84,766	73,623	59,801	28,101	75,545	37,056	19,426	24,020	11,753	27,086	65,539		79,319	114,139	120,142	125,030	158,781	180,082	166,250	213,203	247,753	247,160	274,923	291,619		286,779	331,258		-255.7	70.5	408.6	7,671.7	421.2	201.4	136.0	195.4	175.6	286.0	225.2	133.0	476.2	665.6	89.5	34.7	63.2	109.1	465.0	138.4	348.6	997.5	931.5	2,003.0	915.0	345.0	261.6	190.2
					Foreign Assets	461,469	459,632	455,917	529,025	553,984	535,073	532,207	553,075	547,459	586,541	601,797	603,992	627,806	563,983	611,625	673,457	693,909	676,179	660,810	727,668	679,912	639,050	646,061	615,980	633,554	675,756		659,695	652,038	671,391	659,844	678,169	721,906	675,966	704,618	736,139	737,819	774,645	794,953		816,758	808,390		-0.4	22.7	34.2	27.3	25.3	26.4	24.2	31.6	24.2	9.0	7.4	2.0	0.9	19.8	7.9	-3.2	-3.2	-2.4	2.6	-0.8	-0.6	10.3	13.9	19.8	22.3	17.6	23.8	24.0
					Foreign Liabilities	472,524	498,953	469,482	527,934	576,902	594,072	610,369	632,238	596,485	596,984	620,981	639,581	635,005	575,570	569,763	588,690	620,285	616,378	632,709	652,123	642,856	619,624	622,041	604,227	606,468	610,217		580,376	537,899	551,250	534,815	519,387	541,823	509,715	491,414	488,386	490,659	499,723	503,335		529,980	477,133		5.6	15.4	21.4	11.5	7.5	3.8	3.7	3.1	7.8	3.8	0.2	-5.5	-4.5	6.0	1.9	-8.6	-11.1	-13.2	-17.9	-16.9	-20.7	-20.7	-21.5	-18.8	-17.6	-17.5	-8.7	-11.3
	2. NET DOMESTIC ASSETS					2,055,313	2,112,181	2,105,513	2,106,480	2,146,132	2,187,443	2,200,229	2,218,393	2,190,582	2,152,698	2,143,668	2,182,213	2,219,038	2,304,954	2,285,456	2,191,010	2,229,872	2,227,427	2,215,550	2,174,416	2,202,436	2,234,067	2,216,770	2,246,496	2,271,732	2,298,243		2,140,863	2,141,256	2,155,322	2,106,947	2,212,979	2,238,443	2,222,681	2,195,648	2,239,821	2,233,929	2,306,229	2,403,867		2,359,341	2,305,322		2.8	9.1	8.5	4.0	3.9	1.8	0.7	-2.0	0.5	3.8	3.4	2.9	2.4	-0.3	-6.3	-2.3	-3.3	-5.4	-0.1	2.9	0.9	-1.7	1.0	-0.6	1.5	4.6	10.2	7.7
		A.  Net Claims on Residents (Net Domestic Credits)				2,460,826	2,601,871	2,599,860	2,612,579	2,660,236	2,670,757	2,701,530	2,698,474	2,677,284	2,677,000	2,671,937	2,716,696	2,771,989	2,846,710	2,826,637	2,735,791	2,755,309	2,757,812	2,751,753	2,726,640	2,756,873	2,813,398	2,760,543	2,767,969	2,833,317	2,803,129		2,658,657	2,669,031	2,664,072	2,664,469	2,799,667	2,797,905	2,806,607	2,775,127	2,774,701	2,857,218	2,948,434	2,986,370		2,943,335	2,854,366		5.7	9.4	8.7	4.7	3.6	3.3	1.9	1.0	3.0	5.1	3.3	1.9	2.2	-1.5	-5.9	-2.4	-3.3	-3.4	1.7	2.6	1.8	-1.4	0.5	3.2	4.1	6.5	10.7	6.9
					Net Claims on the Public Sector (Public  Sector)	767,412	855,473	869,296	874,606	901,021	906,789	934,340	925,986	906,428	903,317	886,658	921,082	949,979	1,000,719	1,031,265	939,201	961,335	958,149	932,169	905,119	935,859	976,689	923,664	935,922	961,438	960,081		844,472	858,044	843,618	834,695	985,101	967,167	975,688	931,206	962,303	971,770	1,010,687	1,024,794		1,015,894	969,510		11.5	17.0	18.6	7.4	6.7	5.7	-0.2	-2.3	3.2	8.1	4.2	1.6	1.2	-4.1	-18.1	-8.6	-12.2	-12.9	5.7	6.9	4.3	-4.7	4.2	3.8	5.1	6.7	20.3	13.0
					Claims on Other Sectors (Private Sector)	1,693,414	1,746,398	1,730,564	1,737,972	1,759,215	1,763,968	1,767,190	1,772,488	1,770,856	1,773,683	1,785,279	1,795,614	1,822,010	1,845,991	1,795,372	1,796,590	1,793,974	1,799,663	1,819,584	1,821,521	1,821,014	1,836,709	1,836,879	1,832,047	1,871,880	1,843,048		1,814,184	1,810,988	1,820,453	1,829,773	1,814,566	1,830,738	1,830,919	1,843,921	1,812,399	1,885,449	1,937,747	1,961,576		1,927,441	1,884,856		3.1	5.7	3.7	3.4	2.0	2.0	3.0	2.8	2.8	3.6	2.9	2.0	2.7	-0.2	1.0	0.8	1.5	1.7	-0.3	0.5	0.5	0.4	-1.3	2.9	3.5	6.4	6.2	4.1
		B.  Net Other Items				-405,513	-489,689	-494,348	-506,098	-514,104	-483,314	-501,300	-480,081	-486,702	-524,302	-528,269	-534,483	-552,951	-541,757	-541,182	-544,781	-525,437	-530,385	-536,203	-552,224	-554,437	-579,331	-543,772	-521,472	-561,585	-504,885		-517,794	-527,775	-508,749	-557,521	-586,688	-559,462	-583,926	-579,479	-534,880	-623,289	-642,205	-582,503		-583,994	-549,044		-20.8	-10.6	-9.5	-7.6	-2.2	-9.7	-7.0	-15.0	-13.9	-10.5	-2.9	2.4	-1.6	6.8	4.3	3.1	3.2	-5.1	-9.4	-1.3	-5.3	-0.03	1.64	-19.52	-14.36	-15.37	-12.79	-4.03
					Revaluation	-90,581	-57,000	-60,308	-59,088	-56,532	-54,830	-51,814	-74,322	-73,023	-72,645	-66,063	-60,404	-61,081	-91,500	-76,204	-80,333	-74,345	-65,557	-59,597	-79,526	-77,745	-77,850	-77,371	-61,555	-62,532	-64,435		-62,001	-61,595	-49,959	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.		n.a.	n.a.		37.1	-60.5	-26.4	-36.0	-31.5	-19.6	-15.0	-7.0	-6.5	-7.2	-17.1	-1.9	-2.4	29.6	18.6	23.3	32.8	…	…	…	…	…	…	…	…	…	…	…
					Capital and Reserves	-762,678	-867,677	-896,674	-899,560	-911,355	-911,361	-916,698	-905,532	-911,318	-915,361	-927,814	-942,270	-944,971	-935,435	-940,282	-945,370	-947,371	-951,486	-942,499	-949,086	-955,520	-961,518	-974,606	-975,581	-980,482	-950,548		-960,064	-970,389	-982,684	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.		n.a.	n.a.		-13.8	-7.8	-4.9	-5.1	-4.0	-4.4	-2.8	-4.8	-4.9	-5.0	-5.0	-3.5	-3.8	-1.6	-2.1	-2.6	-3.7	…	…	…	…	…	…	…	…	…	…	…
					Other Assets/Liabilities	447,746	434,988	462,634	452,550	453,783	482,877	467,212	499,773	497,639	463,704	465,608	468,191	453,101	485,178	475,304	480,922	496,279	486,658	465,893	476,388	478,828	460,037	508,204	515,663	481,429	510,098		504,271	504,208	523,894	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.		n.a.	n.a.		-2.8	11.5	2.7	6.3	9.4	0.8	-0.3	-4.7	-3.8	-0.8	9.1	10.1	6.3	5.1	6.1	4.8	5.6	…	…	…	…	…	…	…	…	…	…	…
	3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY)					2,580,801	2,709,849	2,698,782	2,699,404	2,756,371	2,767,750	2,774,467	2,774,590	2,768,146	2,792,168	2,786,154	2,820,443	2,895,927	2,982,618	2,985,056	2,989,954	3,027,807	3,016,682	3,008,450	3,061,994	3,057,777	3,095,164	3,114,635	3,092,935	3,138,709	3,209,894		3,166,228	3,201,439	3,215,979	3,222,207	3,362,759	3,438,093	3,391,407	3,418,903	3,490,829	3,534,184	3,653,029	3,772,384		3,758,220	3,772,799		5.0	10.1	10.6	10.8	9.8	9.0	8.4	10.4	10.5	10.9	11.8	9.7	8.4	7.6	6.1	7.1	6.2	6.8	11.8	12.3	10.9	10.5	12.1	14.3	16.4	17.5	18.7	17.8
		A.		M4		2,489,382	2,618,029	2,617,288	2,620,738	2,662,590	2,673,048	2,678,694	2,681,234	2,676,507	2,703,123	2,708,242	2,738,822	2,814,555	2,905,881	2,907,942	2,911,108	2,943,417	2,935,449	2,925,324	2,983,369	2,977,868	3,017,158	3,038,319	3,016,234	3,062,296	3,125,769		3,080,477	3,113,834	3,121,162	3,125,405	3,259,835	3,352,407	3,311,780	3,334,145	3,402,747	3,426,448	3,556,695	3,687,516		3,664,598	3,680,137		5.2	11.0	11.1	11.1	10.5	9.8	9.2	11.3	11.3	11.6	12.2	10.1	8.8	7.6	5.9	7.0	6.0	6.5	11.4	12.4	11.2	10.5	12.0	13.6	16.1	18.0	19.0	18.2
				Broad-Money Liabilities (M3)		1,845,737	1,922,576	1,907,899	1,896,220	1,918,988	1,919,768	1,943,298	1,953,616	1,937,135	1,939,899	1,951,480	1,970,673	2,027,693	2,119,267	2,124,604	2,127,008	2,152,250	2,149,117	2,175,415	2,205,866	2,200,914	2,231,352	2,242,615	2,244,042	2,286,627	2,338,053		2,303,077	2,332,654	2,349,391	2,363,709	2,451,152	2,501,669	2,492,296	2,507,530	2,568,282	2,605,370	2,709,379	2,838,384		2,828,765	2,855,264		4.2	10.2	11.4	12.2	12.2	11.9	11.9	12.9	13.6	15.0	14.9	13.9	12.8	10.3	8.4	9.7	9.2	10.0	12.7	13.4	13.2	12.4	14.5	16.1	18.5	21.4	22.8	22.4
					Currency Outside Depository Corporations and Transferable Deposits (Narrow Money)	477,125	517,674	499,974	492,624	506,836	520,603	515,059	507,968	497,654	492,373	498,617	509,502	528,317	565,068	544,010	548,066	554,912	563,319	564,981	564,163	562,219	563,520	565,841	580,089	587,333	616,780		593,875	593,615	612,629	628,681	635,278	637,744	635,197	634,774	645,881	653,629	694,552	768,774		734,122	756,304		8.5	9.2	8.8	11.3	9.5	8.2	9.7	11.1	13.0	14.4	13.5	13.9	11.2	9.2	9.2	8.3	10.4	11.6	12.4	13.0	13.0	12.6	14.1	12.7	18.3	24.6	23.6	27.4
					Other Deposits (Quasi-Money)	1,361,318	1,401,439	1,401,185	1,396,453	1,405,004	1,391,630	1,420,703	1,438,037	1,429,822	1,437,942	1,443,278	1,446,433	1,484,638	1,541,962	1,573,511	1,565,486	1,582,222	1,572,605	1,597,551	1,628,830	1,626,093	1,655,327	1,654,359	1,641,613	1,675,634	1,697,671		1,687,130	1,715,512	1,712,339	1,710,612	1,791,058	1,837,739	1,829,027	1,844,538	1,888,813	1,917,507	1,973,401	2,025,752		2,053,185	2,057,965		2.9	10.0	12.3	12.1	12.6	13.0	12.4	13.3	13.7	15.1	14.6	13.5	12.9	10.1	7.2	9.6	8.2	8.8	12.1	12.8	12.5	11.4	14.2	16.8	17.8	19.3	21.7	20.0
					Securities Other Than Shares Included in Broad Money (Deposit Substitutes)	7,294	3,462	6,740	7,144	7,147	7,535	7,537	7,611	9,659	9,584	9,584	14,738	14,738	12,238	7,083	13,457	15,117	13,194	12,883	12,873	12,602	12,505	22,415	22,340	23,659	23,602		22,072	23,527	24,423	24,416	24,816	26,186	28,072	28,218	33,588	34,234	41,426	43,859		41,459	40,995		-52.5	253.5	5.1	88.4	111.5	75.1	70.9	69.1	30.5	30.5	133.9	51.6	60.5	92.9	211.6	74.8	61.6	85.1	92.6	103.4	122.8	125.7	49.8	53.2	75.1	85.8	87.8	74.2
				Transferable and Other Deposits in Foreign Currency (FCDU Deposits-Residents)		643,645	695,454	709,390	724,518	743,603	753,280	735,396	727,618	739,372	763,224	756,762	768,150	786,862	786,614	783,338	784,101	791,168	786,332	749,909	777,503	776,954	785,806	795,705	772,193	775,669	787,716		777,401	781,180	771,770	761,695	808,683	850,738	819,484	826,615	834,465	821,078	847,316	849,132		835,833	824,874		8.0	13.1	10.4	8.2	6.4	4.4	2.0	6.9	5.1	3.0	5.1	0.5	-1.4	0.1	-0.8	-0.4	-2.5	-3.1	7.8	9.4	5.5	5.2	4.9	6.3	9.2	7.8	7.5	5.6
		B.		Liabilities Excluded from Broad-Money (Other Liabilities)		91,419	91,819	81,493	78,666	93,781	94,702	95,773	93,356	91,639	89,045	77,912	81,620	81,372	76,737	77,114	78,846	84,390	81,233	83,126	78,625	79,909	78,006	76,316	76,701	76,413	84,126		85,751	87,605	94,817	96,802	102,924	85,686	79,627	84,758	88,082	107,736	96,334	84,868		93,622	92,662		0.4	-16.4	-5.4	0.2	-10.0	-14.2	-13.2	-15.8	-12.8	-12.4	-2.0	-6.0	-6.1	9.6	11.2	11.1	12.4	19.2	23.8	9.0	-0.4	8.7	15.4	40.5	26.1	0.9	9.2	5.8
					Bills  Payable	57,223	80,033	72,186	69,340	81,164	80,515	82,267	80,344	80,075	78,189	69,200	70,622	70,985	66,524	66,940	67,406	73,915	74,666	76,598	72,759	73,852	72,011	70,528	71,136	71,966	79,456		80,864	83,055	89,716	91,760	95,095	80,307	74,292	78,880	82,615	102,394	90,684	79,485		86,360	85,584		39.9	-16.9	-7.3	-2.8	-8.9	-7.3	-6.9	-9.4	-7.8	-7.9	1.9	0.7	1.4	19.4	20.8	23.2	21.4	22.9	24.1	10.4	0.6	9.5	17.1	43.9	26.0	0.0	6.8	3.0
					Marginal Deposits	3,944	3,771	4,126	4,258	4,803	6,450	6,010	5,869	5,847	5,939	4,611	6,110	5,742	5,523	5,687	5,512	4,756	3,264	2,310	2,018	2,069	2,065	2,249	1,980	1,554	1,406		1,614	1,159	1,678	1,651	4,212	1,922	2,031	2,570	1,928	1,826	2,245	2,213		4,347	4,021		-4.4	46.4	37.8	29.4	-1.0	-49.4	-61.6	-65.6	-64.6	-65.2	-51.2	-67.6	-72.9	-74.5	-71.6	-79.0	-64.7	-49.4	82.3	-4.7	-1.8	24.5	-14.3	-7.8	44.5	57.4	169.3	247.0
					Restricted Deposits	30,252	8,015	5,181	5,068	7,813	7,736	7,495	7,143	5,718	4,917	4,100	4,889	4,645	4,691	4,487	5,929	5,720	3,302	4,217	3,847	3,987	3,929	3,539	3,585	2,893	3,264		3,273	3,391	3,424	3,392	3,617	3,457	3,304	3,308	3,539	3,516	3,405	3,170		2,915	0		-73.5	-41.5	-13.4	17.0	-26.8	-57.3	-43.7	-46.1	-30.3	-20.1	-13.7	-26.7	-37.7	-30.4	-27.0	-42.8	-40.1	2.7	-14.2	-10.1	-17.1	-15.8	0.0	-1.9	17.7	-2.9	-10.9	-100.0
					import dep	21,364	2,689	2,564	2,451	2,492	2,415	2,174	1,822	2,361	2,106	2,036	2,488	2,244	2,627	2,631	2,558	2,349	2,564	2,153	1,783	1,923	1,865	1,744	1,790	1,443	1,469		1,371	1,489	1,522	1,490	1,715	1,555	1,402	1,406	1,637	1,614	1,503	1,268		1,013			-87.4	-2.3	2.6	4.4	-5.7	6.2	-1.0	-2.1	-18.6	-11.4	-14.3	-28.1	-35.7	-44.1	-47.9	-41.8	-35.2	-41.9	-20.3	-12.8	-27.1	-24.6	-6.1	-9.8	4.2	-13.7	-26.1
					banks under liq	8,888	5,326	2,617	2,617	5,321	5,321	5,321	5,321	3,357	2,811	2,064	2,401	2,401	2,064	1,856	3,371	3,371	738	2,064	2,064	2,064	2,064	1,795	1,795	1,450	1,795		1,902	1,902	1,902	1,902	1,902	1,902	1,902	1,902	1,902	1,902	1,902	1,902		1,902			-40.1	-61.2	-29.1	28.8	-36.7	-86.1	-61.2	-61.2	-38.5	-26.6	-13.0	-25.2	-39.6	-13.0	2.5	-43.6	-43.6	157.7	-7.8	-7.8	-7.8	-7.8	6.0	6.0	31.2	6.0	0.0
Note:  Details may not add up to total due to rounding off.