DEPOSITORY CORPORATIONS SURVEY (SRF-based) *                          
as of period indicated                                
                                   
          LEVELS (million pesos)   FLOWS (million pesos)   GROWTH RATES (%)  
  Mar-17 Apr-17 Mar-18 r Apr-18 p Apr 18  -      Mar 18 Mar 18  -      Mar 17 Apr 18 -      Apr 17 Apr 18  -      Mar 18 Mar 18  -      Mar 17 Apr 18 -      Apr 17  
                                   
1. NET FOREIGN ASSETS             4,378,067            4,352,209            4,621,612               4,533,500             (88,112)            243,545            181,291             (1.9)               5.6              4.2  
        A. Bangko Sentral ng Pilipinas             3,992,317            4,022,257            4,130,032               4,043,186  a              (86,846)            137,715              20,929             (2.1)               3.4              0.5  
     Claims on non-residents             4,071,331            4,101,539            4,216,644               4,128,263             (88,381)            145,313              26,724             (2.1)               3.6              0.7  
     less: Liabilities to non-residents                  79,014                 79,282                 86,612                    85,077               (1,535)                7,598                5,795             (1.8)               9.6              7.3  
        B. Other Depository Corporation                385,750               329,952               491,580                  490,314               (1,266)            105,830            160,362             (0.3)             27.4            48.6  
     Claims on non-residents             1,229,489            1,206,798            1,367,434               1,343,575             (23,859)            137,945            136,777             (1.7)             11.2            11.3  
     less: Liabilities to non-residents                843,740               876,846               875,854                  853,261             (22,593)              32,115            (23,585)             (2.6)               3.8            (2.7)  
   
2. DOMESTIC CLAIMS             9,404,991            9,311,421          10,767,723             10,837,800               70,078         1,362,732         1,526,380              0.7             14.5            16.4  
        A. Net Claims on Central Government              1,664,605            1,516,928            1,781,262               1,714,456             (66,806)            116,657            197,528             (3.8)               7.0            13.0  
  Claims on central government             2,206,535            2,284,370            2,488,711               2,485,611               (3,100)            282,177            201,241             (0.1)             12.8              8.8  
  less: Liabilities to central government                541,930               767,442               707,450                  771,155               63,706            165,520                3,713              9.0             30.5              0.5  
        B. Claims on Other Sectors              7,740,386            7,794,493            8,986,461               9,123,345             136,883         1,246,075         1,328,852              1.5             16.1            17.0  
  Claims on other financial corporations                792,729               766,722               875,764                  911,151               35,388              83,034            144,429              4.0             10.5            18.8  
  Claims on state and local government                  82,522                 82,115                 81,865                    81,148                  (717)                  (657)                 (967)             (0.9)             (0.8)            (1.2)  
  Claims on public nonfinancial corporations                257,365               258,177               280,687                  280,733                      46              23,322              22,556              0.0               9.1              8.7  
  Claims on private sector             6,607,770            6,687,478            7,748,146               7,850,312             102,166         1,140,376         1,162,834              1.3             17.3            17.4  
   
3. LIQUIDITY AGGREGATES  
  M4 (M3 + 3.e)           11,288,191          11,272,930          12,791,321             12,774,362             (16,959)         1,503,130         1,501,432             (0.1)             13.3            13.3  
    M3 (M2 + 3.d) **             9,544,733            9,543,670          10,914,941             10,900,074             (14,868)         1,370,208         1,356,404             (0.1)             14.4            14.2  
      M2 (M1 + 3.c)             9,189,697            9,182,332          10,477,292             10,460,450             (16,842)         1,287,595         1,278,118             (0.2)             14.0            13.9  
        M1 (3.a + 3.b)             3,113,376            3,173,779            3,666,186               3,721,314               55,128            552,811            547,535              1.5             17.8            17.3  
   
        3.a  Currency outside depository corporations (Currency in circulation)                888,102               900,003            1,056,664               1,053,827               (2,837)            168,562            153,825             (0.3)             19.0            17.1  
        3.b  Transferable deposits included in broad money (Demand deposits)             2,225,273            2,273,777            2,609,522               2,667,487               57,964            384,249            393,710              2.2             17.3            17.3  
        3.c  Other deposits included in broad money             6,076,321            6,008,553            6,811,105               6,739,136             (71,969)            734,784            730,583             (1.1)             12.1            12.2  
  Savings deposits             4,083,744            4,054,561            4,470,623               4,427,350             (43,273)            386,879            372,788             (1.0)               9.5              9.2  
  Time deposits             1,992,578            1,953,992            2,340,483               2,311,787             (28,696)            347,905            357,794             (1.2)             17.5            18.3  
        3.d  Securities other than shares included in broad money (Deposit substitutes)                355,036               361,337               437,650                  439,624                 1,974              82,613              78,286              0.5             23.3            21.7  
        3.e  Transferable and other deposits in foreign currency (FCDs-Residents)             1,743,458            1,729,260            1,876,380               1,874,288               (2,091)            132,922            145,028             (0.1)               7.6              8.4  
   
4. LIABILITIES EXCLUDED FROM BROAD MONEY             2,494,866            2,390,700            2,598,014               2,596,938               (1,076)            103,148            206,239             (0.0)               4.1              8.6  
                                   
* 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  
**/Derived as Net Foreign Assets + Domestic Claims, net of Liabilities excluded from broad money and transferable and other deposits in foreign currency(FCDs-Residents)  
- Growth rate rounds off to zero