DEPOSITORY CORPORATIONS SURVEY p                                
  as of periods indicated                                
  in million pesos                                
                                           
                LEVELS   FLOWS   GROWTH RATES (%)  
          Item Nov-09   Dec-09 r Nov-10   Dec-10   Dec10-Nov10 Nov10-Nov09 Dec10-Dec09   Dec10-Nov10 Nov10-Nov09 Dec10-Dec09  
   
  1.  NET FOREIGN ASSETS 2,463,032 2,419,919 2,831,182 2,849,243 18,060 368,150 429,323 0.6 14.9 17.7  
    A.   Bangko Sentral ng Pilipinas  2,053,835 2,027,592 2,651,185 2,710,724 59,539 597,350 683,132 2.2 29.1 33.7  
     Net International Reserves  2,080,708 2,053,768 2,672,814 2,732,391 59,577 592,106 678,623 2.2 28.5 33.0  
    Foreign Assets 2,081,705 2,053,965 2,673,728 2,732,539 58,811 592,023 678,574 2.2 28.4 33.0  
    Foreign Liabilities 997 197 914 148 -766 -83 -49 -83.8 -8.3 -24.9  
     Medium & Long-Term Foreign Liabilities 26,873 26,176 21,629 21,667 38 -5,244 -4,509 0.2 -19.5 -17.2  
    B.  Other Depository Corporations   409,197 392,327 179,997 138,519 -41,479 -229,200 -253,809 -23.0 -56.0 -64.7  
    Foreign Assets 763,445 759,533 741,722 690,804 -50,918 -21,723 -68,730 -6.9 -2.8 -9.0  
    Foreign Liabilities 354,248 367,206 561,724 552,285 -9,439 207,476 185,079 -1.7 58.6 50.4  
   
  2. NET DOMESTIC ASSETS 2,454,729 2,640,268 2,426,120 2,651,665 225,545 -28,609 11,397 9.3 -1.2 0.4  
    A.  Net Claims on Residents (Net Domestic Credits) 3,872,041 3,965,129 4,181,967 4,310,447 128,480 309,926 345,318 3.1 8.0 8.7  
  Net Claims on the Public Sector (Public  Sector)  1,284,141 1,269,483 1,334,693 1,379,769 45,076 50,552 110,286 3.4 3.9 8.7  
    National Government 985,168 970,889 988,754 1,027,840 39,086 3,586 56,951 4.0 0.4 5.9  
      Credits 1,340,828 1,359,385 1,402,222 1,390,508 -11,714 61,395 31,123 -0.8 4.6 2.3  
      CB BOL 0 0 0 0 0 0 0 - - -  
      Foreign exchange Receivables 0 0 0 0 0 0 0 - - -  
      T-IMF accounts -60,178 -57,440 -52,684 -52,779 -95 7,494 4,661 -0.2 12.5 8.1  
      Deposits -295,481 -331,056 -360,785 -309,890 50,895 -65,303 21,167 14.1 -22.1 6.4  
    Local Government and Other Public Entities 298,973 298,594 345,939 351,929 5,990 46,966 53,335 1.7 15.7 17.9  
  Claims on Other Sectors (Private Sector)  2,587,900 2,695,646 2,847,274 2,930,678 83,404 259,374 235,032 2.9 10.0 8.7  
    Other Financial Corporations 0 0 0 0 0 0 0 - - -  
    Others 2,587,900 2,695,646 2,847,274 2,930,678 83,404 259,374 235,032 2.9 10.0 8.7  
   
    B.  Net Other Items -1,417,312 -1,324,861 -1,755,846 -1,658,781 97,065 -338,535 -333,921 5.5 -23.9 -25.2  
  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) 4,917,761 5,060,187 5,257,303 5,500,908 243,606 339,542 440,721 4.6 6.9 8.7  
  A.  M4 4,861,348 4,999,903 5,199,930 5,446,777 246,847 338,582 446,874 4.7 7.0 8.9  
  Broad-Money Liabilities (M3) 3,856,276 3,973,970 4,143,876 4,396,811 252,936 287,599 422,842 6.1 7.5 10.6  
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 1,143,915 1,216,918 1,262,449 1,345,935 83,486 118,534 129,017 6.6 10.4 10.6  
  Other Deposits (Quasi-Money) 2,640,421 2,672,652 2,798,895 2,960,294 161,399 158,474 287,642 5.8 6.0 10.8  
  Securities Other Than Shares Included in Broad Money (Deposit  Substitutes) 71,941 84,400 82,532 90,583 8,051 10,591 6,183 9.8 14.7 7.3  
  Transferable & Other Deposits in Foreign Currency (FCDs-Res) 1,005,072 1,025,933 1,056,054 1,049,965 -6,089 50,982 24,032 -0.6 5.1 2.3  
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 56,412 60,284 57,373 54,131 -3,241 960 -6,153 -5.6 1.7 -10.2  
  Bills  Payable 54,517 58,389 55,478 52,236 -3,241 960 -6,153 -5.8 1.8 -10.5  
  Marginal Deposits 30 27 27 27 0 -4 0 0.0 -12.7 0.0  
  Restricted Deposits 1,895 1,895 1,895 1,895 0 0 0 - - -  
    Deposits with Other Depository Corporations Under Liquidation  1,895 1,895 1,895 1,895 0 0 0 - - -  
            Import Deposits 0   0   0   0   0 0 0   #DIV/0! #DIV/0! #DIV/0!  
  Narrow Money 1,143,915 1,216,918 1,262,449 1,345,935 83,486 118,534 129,017 6.6 10.4 10.6  
  Currency Outside Depository Corporations (Currency in Circulation) 405,652 457,593 416,889 478,489 61,600 11,237 20,895 14.8 2.8 4.6  
  Transferable Deposits (Demand Deposits) 738,263 759,324 845,560 867,446 21,886 107,297 108,122 2.6 14.5 14.2  
            Import Deposits 0   0       0   0 0 0   #DIV/0! #DIV/0! #DIV/0!  
  Other Deposits (Quasi-Money) 2,640,421 2,672,652 2,798,895 2,960,294 161,399 158,474 287,642 5.8 6.0 10.8  
  Savings Deposits 1,579,997 1,632,981 1,744,361 1,797,193 52,833 164,364 164,212 3.0 10.4 10.1  
  Time Deposits 1,060,424 1,039,671 1,054,535 1,163,100 108,566 -5,889 123,429 10.3 -0.6 11.9  
  Marginal Deposits 30 27 27 27 0 -3 0 -1.7 0.0  
                               
  p Preliminary                              
  Source:  Department of Economic Statistics