DEPOSITORY CORPORATIONS SURVEY (SRF-based) *                          
as of period indicated                                
                                   
          LEVELS (million pesos)   FLOWS (million pesos)   GROWTH RATES (%)  
          Dec-15 Jan-16 Dec-16 r Jan-17 p   Jan 17  -      Dec 16 Dec 16  -      Dec 15 Jan 16 -       Jan 15   Jan 17  -      Dec 16 Dec 16  -      Dec 15 Jan 16 -       Jan 15  
                                   
1. NET FOREIGN ASSETS             3,998,783            4,068,607            4,308,975               4,422,765             113,790            310,191            354,158              2.6               7.8              8.7  
        A. Monetary Authorities             3,762,845            3,809,006            3,946,439               3,979,018               32,579            183,594            170,012              0.8               4.9              4.5  
     Claims on non-residents             3,837,264            3,884,635            4,023,829               4,057,051               33,222            186,565            172,416              0.8               4.9              4.4  
     less: Liabilities to non-residents                  74,419                 75,629                 77,390                    78,033                    643                2,971                2,404              0.8               4.0              3.2  
        B. Other Depository Corporation                235,938               259,601               362,536                  443,747               81,211            126,597            184,146            22.4             53.7            70.9  
     Claims on non-residents             1,023,852            1,015,320            1,211,829               1,262,326               50,497            187,977            247,006              4.2             18.4            24.3  
     less: Liabilities to non-residents                787,913               755,719               849,293                  818,579             (30,714)              61,379              62,860             (3.6)               7.8              8.3  
   
2. DOMESTIC CLAIMS             7,861,026            7,880,344            9,193,613               9,130,334             (63,279)         1,332,588         1,249,990             (0.7)             17.0            15.9  
        A. Net Claims on Central Government              1,261,692            1,324,977            1,607,496               1,579,320             (28,176)            345,804            254,343             (1.8)             27.4            19.2  
  Claims on central government             1,992,572            1,982,631            2,101,500               2,104,684                 3,185            108,928            122,054              0.2               5.5              6.2  
  less: Liabilities to central government                730,880               657,654               494,003                  525,364               31,361           (236,876)          (132,290)              6.3           (32.4)          (20.1)  
        B. Claims on Other Sectors              6,599,334            6,555,367            7,586,117               7,551,014             (35,103)            986,784            995,647             (0.5)             15.0            15.2  
  Claims on other financial corporations                680,481               658,135               771,494                  777,513                 6,019              91,013            119,379              0.8             13.4            18.1  
  Claims on state and local government                  76,635                 77,337                 82,848                    82,095                  (753)                6,213                4,758             (0.9)               8.1              6.2  
  Claims on public nonfinancial corporations                277,971               281,790               256,796                  258,914                 2,118             (21,176)            (22,876)              0.8             (7.6)            (8.1)  
  Claims on private sector             5,564,247            5,538,105            6,474,979               6,432,492             (42,488)            910,733            894,387             (0.7)             16.4            16.1  
   
3. LIQUIDITY AGGREGATES  
  M4 (M3 + 3.e)             9,888,718            9,860,664          11,206,515             11,083,173           (123,343)         1,317,798         1,222,508             (1.1)             13.3            12.4  
    M3 (M2 + 3.d) **             8,429,929            8,340,423            9,497,935               9,374,949           (122,985)         1,068,006         1,034,526             (1.3)             12.7            12.4  
      M2 (M1 + 3.c)             8,067,273            8,021,643            9,137,898               9,013,723           (124,175)         1,070,625            992,080             (1.4)             13.3            12.4  
        M1 (3.a + 3.b)             2,667,609            2,634,956            3,069,611               3,032,914             (36,697)            402,001            397,958             (1.2)             15.1            15.1  
   
        3.a  Currency outside depository corporations (Currency in circulation)                791,431               736,836               921,162                  846,056             (75,107)            129,732            109,220             (8.2)             16.4            14.8  
        3.b  Transferable deposits included in broad money (Demand deposits)             1,876,179            1,898,120            2,148,448               2,186,858               38,410            272,270            288,738              1.8             14.5            15.2  
        3.c  Other deposits included in broad money             5,399,663            5,386,687            6,068,287               5,980,809             (87,478)            668,624            594,121             (1.4)             12.4            11.0  
  Savings deposits             3,586,873            3,613,664            4,097,560               4,061,900             (35,660)            510,686            448,235             (0.9)             14.2            12.4  
  Time deposits             1,812,790            1,773,023            1,970,728               1,918,909             (51,818)            157,937            145,886             (2.6)               8.7              8.2  
        3.d  Securities other than shares included in broad money (Deposit substitutes)                362,656               318,780               360,037                  361,227                 1,190               (2,619)              42,447              0.3             (0.7)            13.3  
        3.e  Transferable and other deposits in foreign currency (FCDs-Residents)             1,458,789            1,520,241            1,708,581               1,708,223                  (357)            249,792            187,982             (0.0)             17.1            12.4  
   
4. LIABILITIES EXCLUDED FROM BROAD MONEY             1,971,092            2,088,286            2,296,073               2,469,926             173,853            324,981            381,640              7.6             16.5            18.3  
                                   
* 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  
**/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