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)  
          Nov-17 Dec-17 Nov-18 r Dec-18 p   Dec 18  -      Nov 18 Nov 18  -      Nov 17 Dec 18 -     Dec 17   Dec 18  -      Nov 18 Nov 18  -      Nov 17 Dec 18 -     Dec 17  
   
1. NET FOREIGN ASSETS             4,425,023            4,403,236            4,284,225               4,459,547       175,322      (140,798)         56,311               4.1              (3.2)               1.3  
        A. Bangko Sentral ng Pilipinas             3,970,592            4,003,601            3,890,542               4,088,881  a        198,339        (80,050)         85,280               5.1              (2.0)               2.1  
     Claims on Non-residents             4,052,643            4,084,708            3,974,446               4,172,381       197,935        (78,197)         87,673               5.0              (1.9)               2.1  
     Less: Liabilities to Non-residents                  82,051                 81,107                 83,904                    83,500             (404)           1,853           2,393              (0.5)               2.3               3.0  
        B. Other Depository Corporation                454,431               399,635               393,683                  370,666        (23,017)        (60,748)        (28,969)              (5.8)            (13.4)              (7.2)  
     Claims on Non-residents             1,324,901            1,295,967            1,416,764               1,500,547         83,783         91,864       204,580               5.9               6.9             15.8  
    Less: Liabilities to Non-residents                870,470               896,332            1,023,081               1,129,881       106,799       152,612       233,549             10.4             17.5             26.1  
   
2. DOMESTIC CLAIMS           10,249,987          10,476,875          11,742,474             12,009,225       266,751    1,492,487    1,532,349               2.3             14.6             14.6  
        A. Net Claims on Central Government              1,654,611            1,635,469            1,855,811               1,903,439         47,628       201,200       267,970               2.6             12.2             16.4  
  Claims on Central Government             2,297,926            2,400,240            2,635,584               2,683,437         47,853       337,658       283,197               1.8             14.7             11.8  
  Less: Liabilities to central government                643,315               764,770               779,773                  779,998              225       136,457         15,227               0.0             21.2               2.0  
        B. Claims on Other Sectors              8,595,376            8,841,406            9,886,663             10,105,786       219,123    1,291,287    1,264,379               2.2             15.0             14.3  
  Claims on other financial corporations                859,180               925,040            1,067,330               1,088,531         21,201       208,150       163,491               2.0             24.2             17.7  
  Claims on state and local government                  79,984                 81,064                 84,767                    87,465           2,698           4,783           6,401               3.2               6.0               7.9  
  Claims on public nonfinancial corporations                281,734               284,609               248,980                  260,671         11,691        (32,754)        (23,937)               4.7            (11.6)              (8.4)  
  Claims on private sector             7,374,477            7,550,694            8,485,586               8,669,118       183,532    1,111,109    1,118,424               2.2             15.1             14.8  
   
3. LIQUIDITY AGGREGATES  
  M4 (M3 + 3.e)           12,269,026          12,486,649          13,223,694             13,580,059       356,365       954,668    1,093,410               2.7               7.8               8.8  
    M3 (M2 + 3.d) **           10,380,239          10,636,069          11,259,401             11,612,149       352,748       879,162       976,080               3.1               8.5               9.2  
      M2 (M1 + 3.c)             9,944,689          10,202,303          10,772,993             11,065,705       292,712       828,304       863,402               2.7               8.3               8.5  
        M1 (3.a + 3.b)             3,446,997            3,550,830            3,773,474               3,887,379       113,906       326,477       336,549               3.0               9.5               9.5  
   
        3.a  Currency outside depository corporations                 960,902            1,047,576            1,124,891               1,233,503       108,612       163,988       185,927               9.7             17.1             17.7  
        3.b  Transferable deposits included in broad money             2,486,095            2,503,254            2,648,583               2,653,876           5,294       162,488       150,622               0.2               6.5               6.0  
        3.c  Other deposits included in broad money             6,497,692            6,651,473            6,999,519               7,178,325       178,806       501,827       526,853               2.6               7.7               7.9  
  Savings deposits             4,336,413            4,409,286            4,620,871               4,665,756         44,885       284,458       256,470               1.0               6.6               5.8  
  Time deposits             2,161,279            2,242,187            2,378,649               2,512,570       133,921       217,370       270,383               5.6             10.1             12.1  
        3.d  Securities other than shares included in broad money                435,550               433,766               486,408                  546,444         60,036         50,858       112,679             12.3             11.7             26.0  
        3.e  Transferable and other deposits in foreign currency             1,888,787            1,850,580            1,964,293               1,967,910           3,617         75,506       117,330               0.2               4.0               6.3  
   
4. LIABILITIES EXCLUDED FROM BROAD MONEY             2,405,984            2,393,462            2,803,005               2,888,713         85,708       397,021       495,250               3.1             16.5             20.7  
                                   
* 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