DEPOSITORY CORPORATIONS SURVEY p                          
  as of periods indicated                          
  in million pesos                          
                                     
            LEVELS   FLOWS   GROWTH RATES (%)  
          Item Feb-07 Dec-07 Jan-08 Feb-08   Feb08-Dec07 Feb08-Jan08 Feb 08- Feb 07   Feb08-Dec07 Feb08-Jan08 Feb 08- Feb 07  
   
  1.  NET FOREIGN ASSETS 1,467,477 1,632,633 1,683,102 1,712,566 79,933 29,464 245,089 4.9 1.8 16.7  
    A.   Bangko Sentral ng Pilipinas 1,136,219 1,364,501 1,383,165 1,432,833 68,332 49,668 296,614 5.0 3.6 26.1  
     Net International Reserves 1,183,988 1,397,147 1,414,567 1,463,961 66,814 49,394 279,973 4.8 3.5 23.6  
    Foreign Assets 1,185,068 1,397,434 1,415,016 1,464,576 67,142 49,560 279,508 4.8 3.5 23.6  
    Foreign Liabilities 1,080 287 449 615 328 166 -465 114.3 37.0 -43.1  
     Medium & Long-Term Foreign Liabilities 47,769 32,646 31,402 31,128 -1,518 -274 -16,641 -4.6 -0.9 -34.8  
    B.  Other Depository Corporations  331,258 268,132 299,937 279,733 11,601 -20,204 -51,525 4.3 -6.7 -15.6  
    Foreign Assets 808,390 738,623 779,375 744,298 5,675 -35,077 -64,093 0.8 -4.5 -7.9  
    Foreign Liabilities 477,133 470,490 479,438 464,565 -5,925 -14,873 -12,568 -1.3 -3.1 -2.6  
   
  2. NET DOMESTIC ASSETS 2,305,322 2,374,701 2,283,906 2,228,432 -146,269 -55,475 -76,890 -6.2 -2.4 -3.3  
    A.  Net Claims on Residents (Net Domestic Credits) 2,854,366 3,124,065 3,157,134 3,155,765 31,701 -1,368 301,399 1.0 0.0 10.6  
  Net Claims on the Public Sector (Public  Sector) 969,510 1,016,031 1,082,278 1,081,475 65,444 -803 111,965 6.4 -0.1 11.5  
    National Government 704,055 755,629 815,298 827,844 72,215 12,545 123,789 9.6 1.5 17.6  
      Credits 958,647 1,071,469 1,122,038 1,118,688 47,219 -3,351 160,041 4.4 -0.3 16.7  
      CB BOL 0 0 0 0 0 0 0 - - -  
      Foreign exchange Receivables 4,088 0 0 0 0 0 -4,088 - - -  
      T-IMF accounts -57,333 -50,903 -50,460 -50,596 307 -136 6,737 0.6 -0.3 11.8  
      Deposits -201,347 -264,937 -256,280 -240,248 24,689 16,032 -38,901 9.3 6.3 -19.3  
    Local Government and Other Public Entities 265,455 260,402 266,980 253,631 -6,771 -13,349 -11,824 -2.6 -5.0 -4.5  
  Claims on Other Sectors (Private Sector) 1,884,856 2,108,034 2,074,855 2,074,290 -33,744 -565 189,434 -1.6 0.0 10.1  
    Other Financial Corporations 147,755 236,966 227,422 219,620 -17,346 -7,802 71,865 -7.3 -3.4 48.6  
    Others 1,737,101 1,871,068 1,847,433 1,854,670 -16,398 7,237 117,569 -0.9 0.4 6.8  
   
    B.  Net Other Items -549,044 -749,364 -873,227 -927,333 -177,970 -54,106 -378,289 -23.7 -6.2 -68.9  
  Revaluation #REF! n.a. #REF! #REF! #REF! #REF! #REF!  
  Capital and Reserves #REF! n.a. #REF! #REF! #REF! #REF! #REF!  
  Other Assets/Liabilities #REF! n.a. #REF! #REF! #REF! #REF! #REF!  
   
  3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY) 3,772,799 4,007,334 3,967,009 3,940,998 -66,336 -26,011 168,199 -1.7 -0.7 4.5  
  A. M4 3,680,137 3,857,356 3,766,803 3,769,261 -88,096 2,457 89,123 -2.3 0.1 2.4  
  Broad-Money Liabilities (M3) 2,855,264 3,126,727 3,031,334 3,042,945 -83,782 11,611 187,682 -2.7 0.4 6.6  
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 756,304 885,368 819,941 831,268 -54,100 11,327 74,964 -6.1 1.4 9.9  
  Other Deposits (Quasi-Money) 2,057,965 2,206,120 2,176,289 2,176,521 -29,599 232 118,556 -1.3 0.0 5.8  
  Securities Other Than Shares Included in Broad Money (Deposit  Substitutes) 40,995 35,240 35,105 35,157 -83 52 -5,839 -0.2 0.1 -14.2  
  Transferable & Other Deposits in Foreign Currency (FCDs-Res) 824,874 730,629 735,469 726,316 -4,313 -9,154 -98,558 -0.6 -1.2 -11.9  
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 92,662 149,978 200,205 171,737 21,759 -28,468 79,076 14.5 -14.2 85.3  
  Bills  Payable 85,584 142,334 192,540 163,732 21,398 -28,808 78,148 15.0 -15.0 91.3  
  Marginal Deposits 4,021 2,087 2,004 2,487 399 483 -1,535 19.1 24.1 -38.2  
  Restricted Deposits 3,056 5,557 5,662 5,519 -38 -143 2,463 -0.7 -2.5 80.6  
    Deposits with Other Depository Corporations Under Liquidation 1,902 2,024 2,024 2,024 0 0 122 0.00 0.00 6.39  
            Import Deposits 1,154 3,533 3,638 3,495   -38 -143 2,341   -1.1 -3.9 202.9  
  Narrow Money 756,304 885,368 819,941 831,268 -54,100 11,327 74,964 -6.1 1.4 9.9  
  Currency Outside Depository Corporations (Currency in Circulation) 268,171 359,143 297,341 299,714 -59,429 2,373 31,543 -16.5 0.8 11.8  
  Transferable Deposits (Demand Deposits) 488,133 526,225 522,600 531,555 5,329 8,954 43,422 1.0 1.7 8.9  
  Other Deposits (Quasi-Money) 2,057,965 2,206,120 2,176,289 2,176,521 -29,599 232 118,556 -1.3 0.0 5.8  
  Savings Deposits 1,412,371 1,475,879 1,489,402 1,519,958 44,079 30,556 107,586 3.0 2.1 7.6  
  Time Deposits 645,594 730,241 686,887 656,563 -73,678 -30,324 10,969 -10.1 -4.4 1.7  
                         
  p   Preliminary                          
  n.a.  Not Available  
  r Revised  
  r Revised  
  Source:  Department of Economic Statistics