DEPOSITORY CORPORATIONS SURVEY p                                      
  as of periods indicated                                      
  in million pesos                                      
                                                 
            LEVELS   FLOWS   GROWTH RATES (%)  
          Item Mar-07 r Apr-07 r May-07 r Mar-08 r Apr-08 May-08   Mar08/ Mar07 Apr08/ Apr07 May08/ May07   Mar08/ Mar07 Apr08/ Apr07 May08/ May07  
   
  1.  NET FOREIGN ASSETS 1,530,766 1,513,715 1,515,614 1,735,886 1,763,054 1,819,951 205,120 249,339 304,337 13.4 16.5 20.1  
    A.   Bangko Sentral ng Pilipinas 1,149,423 1,153,366 1,147,169 1,495,456 1,500,952 1,552,496 346,033 347,586 405,327 30.1 30.1 35.3  
     Net International Reserves 1,190,090 1,190,648 1,183,418 1,528,377 1,534,027 1,586,778 338,287 343,379 403,360 28.4 28.8 34.1  
    Foreign Assets 1,191,319 1,192,007 1,184,453 1,529,272 1,535,187 1,587,734 337,953 343,180 403,281 28.4 28.8 34.0  
    Foreign Liabilities 1,229 1,359 1,035 895 1,160 956 -334 -199 -79 -27.2 -14.6 -7.6  
     Medium & Long-Term Foreign Liabilities 40,667 37,282 36,249 32,921 33,075 34,282 -7,746 -4,207 -1,967 -19.0 -11.3 -5.4  
    B.  Other Depository Corporations  381,343 360,349 368,445 240,430 262,102 267,455 -140,913 -98,247 -100,990 -37.0 -27.3 -27.4  
    Foreign Assets 866,592 824,524 861,010 702,163 732,117 768,151 -164,429 -92,407 -92,859 -19.0 -11.2 -10.8  
    Foreign Liabilities 485,249 464,175 492,565 461,733 470,015 500,696 -23,516 5,840 8,131 -4.8 1.3 1.7  
   
  2. NET DOMESTIC ASSETS 2,411,845 2,445,293 2,363,207 2,251,487 2,295,271 2,297,346 -160,358 -150,022 -65,861 -6.6 -6.1 -2.8  
    A.  Net Claims on Residents (Net Domestic Credits) 2,935,033 2,981,787 3,000,457 3,176,060 3,195,071 3,220,448 241,027 213,284 219,991 8.2 7.2 7.3  
  Net Claims on the Public Sector (Public  Sector) 1,010,634 1,006,587 1,035,385 1,108,666 1,094,596 1,086,308 98,032 88,009 50,923 9.7 8.7 4.9  
    National Government 745,009 747,094 774,622 844,269 833,195 837,855 99,260 86,101 63,233 13.3 11.5 8.2  
      Credits 984,691 998,159 1,014,298 1,156,495 1,153,249 1,153,209 171,804 155,090 138,911 17.4 15.5 13.7  
      CB BOL 0 0 0 0 0 0 0 0 0 - - -  
      Foreign exchange Receivables 4,061 4,031 0 0 0 0 -4,061 -4,031 0 -100.0 -100.0 -  
      T-IMF accounts -57,532 -57,203 -54,993 -53,822 -53,764 -55,890 3,710 3,439 -897 6.4 6.0 -1.6  
      Deposits -186,211 -197,893 -184,683 -258,404 -266,290 -259,464 -72,193 -68,397 -74,781 -38.8 -34.6 -40.5  
    Local Government and Other Public Entities 265,625 259,493 260,763 264,397 261,401 248,453 -1,228 1,908 -12,310 -0.5 0.7 -4.7  
  Claims on Other Sectors (Private Sector) 1,924,398 1,975,200 1,965,072 2,067,394 2,100,475 2,134,140 142,996 125,275 169,068 7.4 6.3 8.6  
   
    B.  Net Other Items -523,188 -536,494 -637,250 -924,573 -899,800 -923,102 -401,385 -363,306 -285,852 -76.7 -67.7 -44.9  
   
  3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY) 3,942,610 3,959,008 3,878,821 3,987,373 4,058,325 4,117,297 44,763 99,317 238,476 1.1 2.5 6.1  
  A. M4 3,841,930 3,868,893 3,789,777 3,829,827 3,898,061 3,964,165 -12,103 29,168 174,388 -0.3 0.8 4.6  
  Broad-Money Liabilities (M3) 2,994,245 3,038,669 2,971,448 3,055,627 3,064,397 3,082,582 61,382 25,727 111,134 2.1 0.8 3.7  
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 811,973 855,847 834,553 874,337 880,944 892,018 62,364 25,097 57,465 7.7 2.9 6.9  
  Other Deposits (Quasi-Money) 2,141,705 2,148,656 2,105,800 2,134,670 2,137,787 2,144,867 -7,035 -10,869 39,067 -0.3 -0.5 1.9  
  Securities Other Than Shares Included in Broad Money (Deposit  Substitutes) 40,567 34,167 31,095 46,620 45,666 45,697 6,053 11,500 14,603 14.9 33.7 47.0  
  Transferable & Other Deposits in Foreign Currency (FCDs-Res) 847,686 830,223 818,329 774,200 833,664 881,583 -73,486 3,441 63,254 -8.7 0.4 7.7  
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 100,680 90,115 89,045 157,546 160,264 153,132 56,866 70,149 64,088 56.5 77.8 72.0  
  Bills  Payable 98,785 88,220 87,149 155,651 158,369 151,237 56,866 70,149 64,088 57.6 79.5 73.5  
  Restricted Deposits 1,895 1,895 1,895 1,895 1,895 1,895 0 0 0 0.0 0.0 0.0  
    Deposits with Other Depository Corporations Under Liquidation 1,895 1,895 1,895 1,895 1,895 1,895 0 0 0 0.0 0.0 0.0  
  Narrow Money 811,973 855,847 834,553 874,337 880,944 892,018 62,364 25,097 57,465 7.7 2.9 6.9  
  Currency Outside Depository Corporations (Currency in Circulation) 291,594 299,977 298,231 310,903 320,366 326,860 19,309 20,389 28,629 6.6 6.8 9.6  
  Transferable Deposits (Demand Deposits) 520,379 555,870 536,322 563,434 560,578 565,158 43,055 4,708 28,836 8.3 0.8 5.4  
            Import Deposits 4,470   1,122   1,402   0   0 0   -4,470 -1,122 -1,402   -100.0 -100.0 -100.0  
  Other Deposits (Quasi-Money) 2,141,705 2,148,656 2,105,800 2,134,670 2,137,787 2,144,867 -7,035 -10,869 39,067 -0.3 -0.5 1.9  
  Savings Deposits 1,471,678 1,472,089 1,450,352 1,359,798 1,368,478 1,368,219 -111,880 -103,611 -82,133 -7.6 -7.0 -5.7  
  Time Deposits 670,027 676,567 655,448 774,872 769,309 776,648 104,845 92,742 121,200 15.6 13.7 18.5  
                           
  p   Preliminary                                      
  n.a.  Not Available  
  r Revised  
  Source:  Department of Economic Statistics  
                                                 
CHECK: (NFA+NDA)-LIQUIDITY AGGREGATES 0 0 0 0 0 0 0 0 0
Note:  Details may not add up to total due to rounding off.