DEPOSITORY CORPORATIONS SURVEY p                        
    as of period indicated                        
    in million pesos                        
                                   
  LEVELS   FLOWS   GROWTH RATES (%)
          Item Jun-04 Dec-04 May-05 Jun-05   Jun05-Jun04 Jun05-Dec04 Jun05-May05 Jun05-Jun04 Jun05-Dec04 Jun05-May05
     
  1.  NET FOREIGN ASSETS 556,197 677,664 792,900 866,119   309,922 188,455 73,219 55.72 27.81 9.23
    A.   Bangko Sentral ng Pilipinas 635,360 689,251 764,799 812,196   176,836 122,945 47,397 27.83 17.84 6.20
     Net International Reserves 791,091 819,183 881,980 932,614   141,523 113,431 50,634 17.89 13.85 5.74
    Foreign Assets 920,147 913,110 939,566 991,061   70,914 77,951 51,495 7.71 8.54 5.48
    Foreign Liabilities 129,056 93,927 57,586 58,447   -70,609 -35,480 861 -54.71 -37.77 1.50
     Medium & Long-Term Foreign Liabilities 155,731 129,932 117,181 120,418   -35,313 -9,514 3,237 -22.68 -7.32 2.76
    B.  Other Depository Corporations  (Deposit Money Banks) -79,163 -11,587 28,101 53,923   133,086 65,510 25,822 168.12 565.39 91.89
    Foreign Assets 553,075 563,983 660,810 703,065   149,991 139,082 42,255 27.12 24.66 6.39
    Foreign Liabilities 632,238 575,570 632,709 649,142   16,904 73,572 16,433 2.67 12.78 2.60
     
  2. NET DOMESTIC ASSETS 2,216,301 2,305,275 2,215,550 2,195,873   -20,429 -109,403 -19,677 -0.92 -4.75 -0.89
    A.  Net Claims on Residents (Net Domestic Credits) 2,694,146 2,847,243 2,751,753 2,738,954   44,807 -108,290 -12,799 1.66 -3.80 -0.47
  Net Claims on the Public Sector (Public  Sector) 926,308 1,000,718 932,169 877,887   -48,421 -122,831 -54,282 -5.23 -12.27 -5.82
    National Government 714,940 799,703 727,394 681,241   -33,699 -118,462 -46,153 -4.71 -14.81 -6.34
      Credits 900,051 963,294 970,022 936,492   36,442 -26,802 -33,530 4.05 -2.78 -3.46
      CB BOL 1,756 964 280 288   -1,468 -676 8 -83.60 -70.12 2.86
      Foreign exchange Receivables 14,843 14,861 14,373 14,790   -53 -71 417 -0.36 -0.48 2.90
      T-IMF accounts -65,948 -70,185 -64,448 -65,071   877 5,114 -623 1.33 7.29 -0.97
      Deposits -135,762 -109,231 -192,833 -205,258   -69,496 -96,027 -12,425 -51.19 -87.91 -6.44
    Local Government and Other Public Entities 211,368 201,015 204,775 196,646   -14,722 -4,369 -8,129 -6.97 -2.17 -3.97
  Claims on Other Sectors (Private Sector) 1,767,839 1,846,526 1,819,584 1,861,067   93,228 14,541 41,483 5.27 0.79 2.28
    Other Financial Corporations 155,396 150,194 119,542 115,322   -40,074 -34,872 -4,220 -25.79 -23.22 -3.53
    Others 1,612,443 1,696,332 1,700,042 1,745,745   133,302 49,413 45,703 8.27 2.91 2.69
     
    B.  Net Other Items -477,846 -541,969 -536,203 -543,081   -65,236 -1,113 -6,878 -13.65 -0.21 -1.28
  Revaluation n.a. n.a. 0 0   #VALUE! #VALUE! #DIV/0!
  Capital and Reserves n.a. n.a. 0 0   #VALUE! #VALUE! #DIV/0!
  Other Assets/Liabilities n.a. n.a. 0 0   #VALUE! #VALUE! #DIV/0!
     
  3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY) 2,772,498 2,982,939 3,008,450 3,061,992   289,494 79,053 53,542 10.44 2.65 1.78
  A. M4 2,683,928 2,906,185 2,925,324 2,983,771   299,843 77,586 58,447 11.17 2.67 2.00
  Broad-Money Liabilities (M3) 1,956,311 2,119,571 2,175,415 2,205,869   249,559 86,298 30,454 12.76 4.07 1.40
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 508,027 564,923 564,981 564,162   56,136 -761 -819 11.05 -0.13 -0.14
  Other Deposits (Quasi-Money) 1,440,673 1,542,410 1,597,551 1,628,834   188,161 86,424 31,283 13.06 5.60 1.96
  Securities Other Than Shares Included in Broad Money (Deposit Substitutes) 7,611 12,238 12,883 12,873   5,262 635 -10 69.13 5.19 -0.08
  Transferable & Other Deposits in Foreign Currency (FCDU Deposits-Res) 727,618 786,614 749,909 777,902   50,284 -8,712 27,993 6.91 -1.11 3.73
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 88,570 76,754 83,126 78,221   -10,349 1,467 -4,905 -11.68 1.91 -5.90
  Bills  Payable 78,487 66,522 76,598 72,355   -6,132 5,833 -4,243 -7.81 8.77 -5.54
  Marginal Deposits 5,860 5,541 2,310 2,018   -3,842 -3,523 -292 -65.56 -63.58 -12.64
  Restricted Deposits 4,222 4,691 4,217 3,847   -375 -843 -370 -8.89 -17.98 -8.77
    Deposits with Other Depository Corporations Under Liquidation 2,400 2,064 2,064 2,064   -336 1 0 -14.01 0.03 0.00
            Import Deposits 1,822 2,627 2,153 1,783   -39 -844 -370   -2.14 -32.13 -17.19
  Narrow Money 508,027 564,923 564,981 564,162   56,136 -761 -819 11.05 -0.13 -0.14
  Currency Outside Depository Corporations (Currency in Circulation) 208,622 253,588 225,790 217,985   9,363 -35,603 -7,805 4.49 -14.04 -3.46
  Transferable Deposits (Demand Deposits) 299,404 311,336 339,192 346,178   46,773 34,842 6,986 15.62 11.19 2.06
  Other Deposits (Quasi-Money) 1,440,673 1,542,410 1,597,551 1,628,834   188,161 86,424 31,283 13.06 5.60 1.96
  Savings Deposits 1,218,402 1,265,615 1,202,111 1,216,036   -2,366 -49,579 13,925 -0.19 -3.92 1.16
  Time Deposits 222,271 276,796 395,441 412,799   190,528 136,003 17,358 85.72 49.13 4.39
                       
  p   Preliminary                        
  n.a.  Not Available    
  Source:  Department of Economic Statistics