DEPOSITORY CORPORATIONS SURVEY p                          
  as of periods indicated                          
  in million pesos                          
                                     
            LEVELS   FLOWS   GROWTH RATES (%)  
          Item Mar-08 Dec-08 Feb-09 Mar-09   Mar09-Dec08 Mar09-Feb09 Mar09-Mar08   Mar09-Dec08 Mar09-Feb09 Mar09-Mar08  
   
  1.  NET FOREIGN ASSETS 1,735,886 1,930,644 2,152,461 2,113,036 182,392 -39,425 377,150 9.4 -1.8 21.7  
    A.   Bangko Sentral ng Pilipinas 1,495,456 1,685,738 1,813,434 1,786,209 100,471 -27,225 290,753 6.0 -1.5 19.4  
     Net International Reserves 1,528,377 1,717,014 1,844,160 1,816,142 99,128 -28,018 287,765 5.8 -1.5 18.8  
    Foreign Assets 1,529,272 1,789,184 1,894,148 1,890,457 101,273 -3,691 361,185 5.7 -0.2 23.6  
    Foreign Liabilities 895 72,170 49,988 74,315 2,145 24,327 73,420 3.0 48.7 8,203.4  
     Medium & Long-Term Foreign Liabilities 32,921 31,276 30,726 29,933 -1,343 -793 -2,988 -4.3 -2.6 -9.1  
    B.  Other Depository Corporations  240,430 244,906 339,027 326,827 81,921 -12,200 86,397 33.4 -3.6 35.9  
    Foreign Assets 702,163 696,311 743,987 735,612 39,301 -8,375 33,449 5.6 -1.1 4.76  
    Foreign Liabilities 461,733 451,405 404,960 408,785 -42,620 3,825 -52,948 -9.4 0.9 -11.5  
   
  2. NET DOMESTIC ASSETS 2,251,488 2,738,011 2,372,432 2,470,666 -267,345 98,234 219,178 -9.8 4.1 9.7  
    A.  Net Claims on Residents (Net Domestic Credits) 3,176,060 3,691,351 3,588,569 3,684,258 -7,093 95,689 508,198 -0.2 2.7 16.0  
  Net Claims on the Public Sector (Public  Sector) 1,108,666 1,199,165 1,200,276 1,243,959 44,794 43,683 135,292 3.7 3.6 12.2  
    National Government 844,269 890,974 886,283 955,791 64,817 69,508 111,522 7.3 7.8 13.2  
      Credits 1,156,495 1,222,966 1,213,099 1,251,931 28,965 38,832 95,435 2.4 3.2 8.3  
      CB BOL 0 0 0 0 0 0 0 - - -  
      Foreign exchange Receivables 0 0 0 0 0 0 0 - - -  
      T-IMF accounts -53,822 -57,954 -56,172 -57,100 854 -928 -3,278 1.5 -1.7 -6.1  
      Deposits -258,404 -274,038 -270,644 -239,040 34,998 31,604 19,364 12.8 11.7 7.5  
    Local Government and Other Public Entities 264,397 308,191 313,993 288,168 -20,023 -25,825 23,771 -6.5 -8.2 9.0  
  Claims on Other Sectors (Private Sector) 2,067,394 2,492,186 2,388,293 2,440,300 -51,886 52,007 372,905 -2.1 2.2 18.0  
    Other Financial Corporations 0 0 0 0 0 0 0 #DIV/0! #DIV/0! #DIV/0!  
    Others 2,067,394 2,492,186 2,388,293 2,440,300 -51,886 52,007 372,905 -2.1 2.2 18.0  
   
    B.  Net Other Items -924,573 -953,340 -1,216,137 -1,213,592 -260,252 2,545 -289,020 -27.3 0.2 -31.3  
  Revaluation n.a. n.a. #REF! #REF! #REF! #REF! #REF!  
  Capital and Reserves n.a. n.a. #REF! #REF! #REF! #REF! #REF!  
  Other Assets/Liabilities n.a. n.a. #REF! #REF! #REF! #REF! #REF!  
   
  3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY) 3,987,374 4,668,654 4,524,892 4,583,702 -84,953 58,809 596,327 -1.8 1.3 15.0  
  A. M4 3,829,828 4,610,405 4,463,795 4,508,510 -101,895 44,715 678,682 -2.2 1.0 17.7  
  Broad-Money Liabilities (M3) 3,055,628 3,668,433 3,494,378 3,530,962 -137,471 36,584 475,334 -3.7 1.0 15.6  
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 874,337 1,070,833 1,033,558 1,043,230 -27,603 9,672 168,893 -2.6 0.9 19.3  
  Other Deposits (Quasi-Money) 2,134,672 2,541,080 2,411,782 2,416,689 -124,391 4,907 282,017 -4.9 0.2 13.2  
  Securities Other Than Shares Included in Broad Money (Deposit  Substitutes) 46,620 56,521 49,039 71,044 14,523 22,005 24,424 25.7 44.9 52.4  
  Transferable & Other Deposits in Foreign Currency (FCDs-Res) 774,200 941,972 969,417 977,548 35,576 8,131 203,348 3.8 0.8 26.3  
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 157,546 58,250 61,098 75,192 16,942 14,094 -82,355 29.1 23.1 -52.3  
  Bills  Payable 155,651 56,355 59,203 73,296 16,942 14,094 -82,355 30.1 23.8 -52.9  
  Marginal Deposits 23 23 23 23 0 0 0 0.0 0.0 1.5  
  Restricted Deposits 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 0 0 0 0.0 0.0 0.0  
  Narrow Money 874,337 1,070,833 1,033,558 1,043,230 -27,603 9,672 168,893 -2.6 0.9 19.3  
  Currency Outside Depository Corporations (Currency in Circulation) 310,903 429,510 365,772 368,244 -61,266 2,472 57,342 -14.3 0.7 18.4  
  Transferable Deposits (Demand Deposits) 563,434 641,322 667,785 674,985 33,663 7,200 111,551 5.2 1.1 19.8  
  Other Deposits (Quasi-Money) 2,134,672 2,541,080 2,411,782 2,416,689 -124,391 4,907 282,017 -4.9 0.2 13.2  
  Savings Deposits 1,359,798 1,424,526 1,390,509 1,381,680 -42,846 -8,829 21,882 -3.0 -0.6 1.6  
  Time Deposits 774,874 1,116,554 1,021,273 1,035,009 -81,545 13,736 260,135 -7.3 1.3 33.6  
                       
  p     Preliminary                          
  n.a.  Not Available  
  r For consistency, in view of the change in definition and coverage of accounts, prior year's data were revised to include a) foreign currency deposits of government - owned /controlled corporations under transferable and other deposits in foreign currency , b) cash letters of credit and reserve balances of other financial corporations under transferable deposits, and c) marginal deposits under  time deposits.  
  Note: Oct 2008 DCS already reflects the impact of Circulars 626/628(series 2008), reclassifying certain assets from held for trading (HFT) and available for sale (AFS) to held to maturity (HTM) and unquoted debt securities classified as loans (UDSCL). This reclassification raises the level of NFA/NDA but reduces, by the same amount, the NOI. Thus, the growth rates for NFA, NDA, and NOI are inclusive of the effect of this reclassification.  
  Source:  Department of Economic Statistics