DEPOSITORY CORPORATIONS SURVEY (SRF-based) *                            
                                     
                                     
          Levels, as of end-periods indicated Flows, for periods indicated Growth rates  
  (in million pesos) (in million pesos) (in percent)  
                  m-o-m   y-o-y  
  Dec-18 Jan-19 Dec-19 r Jan-20 P Jan 20 -    Dec 19 Dec 19  -    Dec 18 Jan 20 -     Jan 19   Jan-20   Dec-19 Jan-20  
           
1. NET FOREIGN ASSETS           4,460,945         4,581,873         4,857,878             4,979,019           121,141        396,933        397,146              2.5              8.9             8.7  
        A. Bangko Sentral ng Pilipinas           4,088,881         4,228,791         4,399,096             4,353,920  a             (45,176)        310,215        125,129            (1.0)              7.6             3.0  
     Claims on Non-residents           4,172,381         4,312,769         4,479,427             4,434,939            (44,488)        307,046        122,170            (1.0)              7.4             2.8  
     Less: Liabilities to Non-residents                83,500               83,978               80,331                  81,019                   688           (3,169)           (2,959)              0.9            (3.8)            (3.5)  
        B. Other Depository Corporation              372,064             353,082             458,782                625,099           166,317          86,718        272,017           36.3            23.3           77.0  
     Claims on Non-residents           1,501,741         1,459,465         1,654,610             1,690,288             35,678        152,869        230,823              2.2            10.2           15.8  
    Less: Liabilities to Non-residents           1,129,677         1,106,383         1,195,828             1,065,189         (130,638)          66,151         (41,194)          (10.9)              5.9            (3.7)  
   
2. DOMESTIC CLAIMS        12,034,990       11,732,639       13,311,336          13,102,650         (208,686)    1,276,345     1,370,011            (1.6)            10.6           11.7  
        A. Net Claims on Central Government            1,911,110         1,720,696         2,366,199             2,270,260            (95,939)        455,089        549,564            (4.1)            23.8           31.9  
  Claims on Central Government           2,690,414         2,743,677         2,955,551             2,944,307            (11,243)        265,137        200,630            (0.4)              9.9             7.3  
  Less: Liabilities to central government              779,304         1,022,981             589,351                674,047             84,696      (189,952)      (348,934)           14.4          (24.4)         (34.1)  
        B. Claims on Other Sectors         10,123,880       10,011,943       10,945,137          10,832,389         (112,747)        821,257        820,447            (1.0)              8.1             8.2  
  Claims on other financial corporations           1,088,312         1,057,335         1,232,434             1,152,202            (80,232)        144,122          94,867            (6.5)            13.2             9.0  
  Claims on state and local government                87,470               87,667               99,072                  98,729                 (343)          11,602          11,062            (0.3)            13.3           12.6  
  Claims on public nonfinancial corporations              260,664             262,558             259,554                258,403              (1,151)           (1,110)           (4,156)            (0.4)            (0.4)            (1.6)  
  Claims on private sector           8,687,435         8,604,383         9,354,077             9,323,056            (31,021)        666,643        718,673            (0.3)              7.7             8.4  
   
3. LIQUIDITY AGGREGATES  
  M4 (M3 + 3.e)        13,610,341       13,410,829       14,937,212          14,816,478         (120,734)    1,326,871     1,405,648            (0.8)              9.7           10.5  
    M3 (M2 + 3.d) **        11,642,999       11,433,354       12,963,386          12,793,346         (170,040)    1,320,387     1,359,991            (1.3)            11.3           11.9  
      M2 (M1 + 3.c)        11,080,195       10,875,498       12,286,744          12,078,764         (207,979)    1,206,549     1,203,266            (1.7)            10.9           11.1  
        M1 (3.a + 3.b)           3,889,046         3,792,862         4,500,018             4,435,552            (64,466)        610,973        642,690            (1.4)            15.7           16.9  
   
        3.a  Currency outside depository corporations            1,231,841         1,140,321         1,395,834             1,292,597         (103,237)        163,992        152,276            (7.4)            13.3           13.4  
        3.b  Transferable deposits included in broad money           2,657,204         2,652,542         3,104,184             3,142,956             38,771        446,980        490,414              1.2            16.8           18.5  
        3.c  Other deposits included in broad money           7,191,149         7,082,636         7,786,725             7,643,212         (143,514)        595,576        560,575            (1.8)              8.3             7.9  
  Savings deposits           4,672,532         4,613,012         4,962,743             4,945,890            (16,853)        290,211        332,878            (0.3)              6.2             7.2  
  Time deposits           2,518,617         2,469,624         2,823,982             2,697,322         (126,661)        305,365        227,697            (4.5)            12.1             9.2  
        3.d  Securities other than shares included in broad money              562,804             557,856             676,642                714,582             37,939        113,838        156,725              5.6            20.2           28.1  
        3.e  Transferable and other deposits in foreign currency           1,967,342         1,977,475         1,973,826             2,023,132             49,306            6,484          45,657              2.5              0.3             2.3  
   
4. LIABILITIES EXCLUDED FROM BROAD MONEY           2,885,595         2,903,682         3,232,002             3,265,191             33,189        346,407        361,508              1.0            12.0           12.4  
                                     
* Based on the Standardized Report Forms (SRFs), a unified framework for reporting monetary and financial statistics to the International Monetary Fund (IMF).  
p Preliminary  
r Revised  
a Based on revised Central Bank Survey  
** M3 may also be derived as Net Foreign Assets + Domestic Claims, net of Liabilities excluded from broad money and transferable and other deposits in foreign currency(FCDs-Residents)