DEPOSITORY CORPORATIONS SURVEY p                                        
  as of periods indicated                                        
  in million pesos                                        
                                                   
                LEVELS   FLOWS   GROWTH RATES (%)  
          Item Feb-11   Mar-11   Dec-11   Feb-12   Mar-12   Mar 12-Dec11 Mar12-Feb12 Feb12-Feb11 Mar12-MAr11   Mar 12-Dec11 Mar12-Feb12 Feb12-Feb11 Mar12-MAr11  
  C:\Dbank32\DbankAddin.xla'!  
  1.  NET FOREIGN ASSETS 2,899,885 2,903,413 3,251,134 3,279,569 3,245,433 -5,701 -34,136 379,683 342,019 -0.2 -1.0 13.1 11.8  
    A.   Bangko Sentral ng Pilipinas  2,769,817 2,843,047 3,287,478 3,271,800 3,249,982 -37,496 -21,818 501,983 406,935 -1.1 -0.7 18.1 14.3  
     Net International Reserves  2,790,564 2,863,615 3,307,099 3,289,691 3,267,958 -39,141 -21,733 499,127 404,343 -1.2 -0.7 17.9 14.1  
    Foreign Assets 2,790,978 2,864,207 3,307,207 3,290,075 3,268,510 -38,697 -21,565 499,097 404,303 -1.2 -0.7 17.9 14.1  
    Foreign Liabilities 414 592 108 384 552 444 168 -30 -40 411.1 43.8 -7.2 -6.8  
     Medium & Long-Term Foreign Liabilities 20,747 20,568 19,621 17,891 17,976 -1,645 85 -2,856 -2,592 -8.4 0.5 -13.8 -12.6  
    B.  Other Depository Corporations   130,068 60,366 -36,345 7,769 -4,550 31,795 -12,318 -122,300 -64,916 87.5 -158.6 -94.0 -107.5  
    Foreign Assets 701,167 659,291 599,087 655,157 618,389 19,302 -36,768 -46,011 -40,903 3.2 -5.6 -6.6 -6.2  
    Foreign Liabilities 571,099 598,925 635,431 647,388 622,938 -12,493 -24,450 76,289 24,013 -2.0 -3.8 13.4 4.0  
   
  2. NET DOMESTIC ASSETS 2,408,672 2,473,494 2,494,637 2,328,824 2,370,078 -124,559 41,254 -79,848 -103,416 -5.0 1.8 -3.3 -4.2  
    A.  Net Claims on Residents (Net Domestic Credits) 4,295,184 4,292,155 4,945,411 4,872,122 4,828,936 -116,475 -43,187 576,938 536,780 -2.4 -0.9 13.4 12.5  
  Net Claims on the Public Sector (Public  Sector)  1,402,646 1,371,145 1,554,354 1,486,492 1,362,213 -192,141 -124,279 83,846 -8,932 -12.4 -8.4 6.0 -0.7  
    National Government 1,018,719 978,248 1,092,443 1,035,414 916,851 -175,592 -118,563 16,695 -61,396 -16.1 -11.5 1.6 -6.3  
      Credits 1,364,818 1,393,685 1,389,356 1,433,749 1,438,915 49,559 5,166 68,931 45,230 3.6 0.4 5.1 3.2  
      CB BOL 0 0 0 0 0 0 0 0 0 - - - -  
      Foreign exchange Receivables 0 0 0 0 0 0 0 0 0 - - - -  
      T-IMF accounts -53,888 -54,023 -62,131 -61,182 -61,203 928 -21 -7,294 -7,180 1.5 0.0 -13.5 -13.3  
      Deposits -292,211 -361,415 -234,782 -337,153 -460,861 -226,079 -123,708 -44,942 -99,446 -96.3 -36.7 -15.4 -27.5  
    Local Government and Other Public Entities 383,927 392,898 461,911 451,078 445,362 -16,549 -5,716 67,151 52,464 -3.6 -1.3 17.5 13.4  
  Claims on Other Sectors (Private Sector)  2,892,538 2,921,010 3,391,056 3,385,630 3,466,723 75,666 81,092 493,092 545,713 2.2 2.4 17.0 18.7  
   
    B.  Net Other Items -1,886,512 -1,818,662 -2,450,774 -2,543,299 -2,458,858 -8,084 84,441 -656,787 -640,196 -0.3 3.3 -34.8 -35.2  
   
  3. LIQUIDITY AGGREGATES (TOTAL LIQUIDITY) 5,308,557 5,376,907 5,745,770 5,608,393 5,615,510 -130,260 7,118 299,835 238,603 -2.3 0.1 5.6 4.4  
  A.  M4 5,258,862 5,326,464 5,680,347 5,541,511 5,546,606 -133,741 5,095 282,649 220,142 -2.4 0.1 5.4 4.1  
  Broad-Money Liabilities (M3) 4,214,628 4,293,752 4,674,258 4,516,552 4,535,853 -138,406 19,301 301,924 242,101 -3.0 0.4 7.2 5.6  
  Currency Outside Depository Corporations and Transferable Deposits (Narrow Money) 1,340,800 1,319,049 1,492,404 1,417,917 1,470,137 -22,267 52,220 77,116 151,088 -1.5 3.7 5.8 11.5  
  Other Deposits (Quasi-Money) 2,788,280 2,882,684 3,093,925 3,008,839 2,976,312 -117,613 -32,527 220,559 93,627 -3.8 -1.1 7.9 3.2  
  Securities Other Than Shares Included in Broad Money (Deposit  Substitutes) 85,548 92,018 87,929 89,797 89,404 1,475 -393 4,249 -2,614 1.7 -0.4 5.0 -2.8  
  Transferable & Other Deposits in Foreign Currency (FCDs-Res) 1,044,235 1,032,713 1,006,089 1,024,959 1,010,753 4,665 -14,206 -19,276 -21,959 0.5 -1.4 -1.8 -2.1  
  B. Liabilities Excluded from Broad-Money (Other Liabilities) 49,695 50,443 65,423 66,882 68,904 3,481 2,023 17,187 18,462 5.3 3.0 34.6 36.6  
  Bills  Payable 47,800 48,548 63,528 64,986 67,009 3,481 2,023 17,187 18,462 5.5 3.1 36.0 38.0  
  Restricted Deposits 1,895 1,895 1,895 1,895 1,895 0 0 0 0 - - - -  
    Deposits with Other Depository Corporations Under Liquidation  1,895 1,895 1,895 1,895 1,895 0 0 0 0 - - - -  
  Narrow Money 1,340,800 1,319,049 1,492,404 1,417,917 1,470,137 -22,267 52,220 77,116 151,088 -1.5 3.7 5.8 11.5  
  Currency Outside Depository Corporations (Currency in Circulation) 423,627 431,780 518,554 453,756 475,727 -42,827 21,970 30,129 43,946 -8.3 4.8 7.1 10.2  
  Transferable Deposits (Demand Deposits) 917,173 887,269 973,851 964,160 994,410 20,559 30,250 46,987 107,141 2.1 3.1 5.1 12.1  
  Other Deposits (Quasi-Money) 2,788,280 2,882,684 3,093,925 3,008,839 2,976,312 -117,613 -32,527 220,559 93,627 -3.8 -1.1 7.9 3.2  
  Savings Deposits 1,803,837 1,798,214 2,020,410 1,988,026 1,966,891 -53,519 -21,134 184,189 168,677 -2.6 -1.1 10.2 9.4  
  Time Deposits 984,443 1,084,471 1,073,515 1,020,813 1,009,421 -64,094 -11,393 36,370 -75,050 -6.0 -1.1 3.7 -6.9  
  Marginal Deposits 27 27 27 27 -27 27 #DIV/0! #DIV/0! #DIV/0!  
                                     
  p Preliminary                                      
  Source:  Department of Economic Statistics