| 30 |
MONETARY
AUTHORITIES SURVEY 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
as of end-periods indicated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
in million pesos |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
|
2007 |
|
2008 |
| |
|
|
|
|
|
|
Dec |
Dec |
Dec |
Dec |
Dec |
Dec |
|
Oct |
Nov |
Dec |
p |
|
Jan |
p |
Feb |
p |
Mar |
p |
Apr |
p |
May |
p |
Jun |
p |
Jul |
p |
Aug |
p |
Sep |
p |
Oct |
p |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Foreign Assets |
|
|
456,042 |
550,203 |
636,989 |
689,251 |
846,112 |
1,077,033 |
|
1,392,306 |
1,365,586 |
1,364,929 |
|
|
1,382,510 |
|
1,436,277 |
|
1,496,827 |
|
1,502,971 |
|
1,554,932 |
|
1,592,688 |
|
1,577,494 |
|
1,619,899 |
|
1,657,353 |
|
1,636,600 |
|
| |
Annual Growth Rate (%) |
|
20.6 |
15.8 |
8.2 |
22.8 |
27.3 |
|
33.2 |
28.5 |
26.7 |
|
|
24.3 |
|
26.4 |
|
30.2 |
|
30.3 |
|
35.5 |
|
34.2 |
|
26.9 |
|
16.9 |
|
22.3 |
|
17.5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net Claims on NonResidents |
587,301 |
691,632 |
781,781 |
819,183 |
937,032 |
1,127,726 |
|
1,427,016 |
1,399,370 |
1,397,378 |
|
|
1,413,731 |
|
1,467,479 |
|
1,528,377 |
|
1,534,027 |
|
1,586,778 |
|
1,625,517 |
|
1,608,837 |
|
1,652,367 |
|
1,690,920 |
|
1,671,221 |
|
| |
Net
International Reserves |
587,301 |
691,632 |
781,781 |
819,183 |
937,032 |
1,127,726 |
|
1,427,016 |
1,399,370 |
1,397,378 |
|
|
1,413,731 |
|
1,467,479 |
|
1,528,377 |
|
1,534,027 |
|
1,586,778 |
|
1,625,517 |
|
1,608,837 |
|
1,652,367 |
|
1,690,920 |
|
1,671,221 |
|
| |
|
Foreign Assets (Gross International Reserves) |
806,643 |
868,884 |
948,151 |
913,110 |
981,465 |
1,128,401 |
|
1,428,193 |
1,400,318 |
1,397,665 |
|
|
1,414,180 |
|
1,468,095 |
|
1,529,272 |
|
1,535,187 |
|
1,587,735 |
|
1,648,235 |
|
1,631,393 |
|
1,685,168 |
|
1,734,468 |
|
1,745,619 |
|
| |
|
Foreign Liabilities |
219,342 |
177,252 |
166,370 |
93,927 |
44,433 |
675 |
|
1,177 |
948 |
287 |
|
|
449 |
|
616 |
|
895 |
|
1,160 |
|
957 |
|
22,718 |
|
22,556 |
|
32,801 |
|
43,548 |
|
74,398 |
|
| |
Medium and Long-Term Liabilities to NonResidents |
131,259 |
141,429 |
144,792 |
129,932 |
90,920 |
50,693 |
|
34,710 |
33,784 |
32,449 |
|
|
31,221 |
|
31,202 |
|
31,550 |
|
31,056 |
|
31,846 |
|
32,829 |
|
31,343 |
|
32,468 |
|
33,567 |
|
34,621 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Domestic
Assets |
|
-132,568 |
-181,050 |
-247,405 |
-261,652 |
-378,710 |
-359,189 |
|
-623,611 |
-582,798 |
-517,562 |
|
|
-608,121 |
|
-631,108 |
|
-686,444 |
|
-698,066 |
|
-715,064 |
|
-734,260 |
|
-790,472 |
|
-785,147 |
|
-810,858 |
|
-745,921 |
|
| |
Check NDA |
|
|
-132,568 |
-181,050 |
-247,405 |
-261,652 |
-378,710 |
-359,189 |
|
-623,611 |
-582,798 |
-517,562 |
|
|
-608,121 |
|
-631,108 |
|
-686,444 |
|
-698,066 |
|
-715,064 |
|
-734,260 |
|
-790,472 |
|
-785,147 |
|
-810,858 |
|
-745,921 |
|
| |
Annual Growth Rate (%) |
|
-36.6 |
-36.7 |
-5.8 |
-44.7 |
5.2 |
|
-28.9 |
-32.9 |
-44.1 |
|
|
-45.6 |
|
-54.3 |
|
-83.5 |
|
-86.2 |
|
-80.8 |
|
-76.0 |
|
-67.7 |
|
-25.8 |
|
-36.9 |
|
-19.6 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net Claims on Residents (Net Domestic Credits) |
145,467 |
159,227 |
142,882 |
121,930 |
65,735 |
179,609 |
|
207,549 |
236,203 |
216,341 |
|
|
228,817 |
|
233,151 |
|
241,845 |
|
234,386 |
|
240,064 |
|
213,609 |
|
139,049 |
|
161,161 |
|
224,577 |
|
221,297 |
|
| |
|
Net
Claims on the Public Sector |
91,305 |
129,502 |
103,388 |
91,919 |
41,809 |
156,725 |
|
186,244 |
215,248 |
195,879 |
|
|
208,274 |
|
210,028 |
|
217,380 |
|
209,789 |
|
215,117 |
|
189,377 |
|
115,020 |
|
136,593 |
|
194,198 |
|
184,679 |
|
| |
|
|
Net
Claims on the National Government |
61,189 |
73,458 |
19,938 |
11,185 |
-31,304 |
74,717 |
|
116,718 |
145,709 |
126,340 |
|
|
138,745 |
|
140,499 |
|
147,852 |
|
140,261 |
|
145,599 |
|
119,860 |
|
45,094 |
|
66,667 |
|
124,273 |
|
112,415 |
|
| |
check NConNG |
|
61,189 |
73,458 |
19,938 |
11,185 |
-31,304 |
74,717 |
|
116,718 |
145,709 |
126,340 |
|
|
138,745 |
|
140,499 |
|
147,852 |
|
140,261 |
|
145,599 |
|
119,860 |
|
45,094 |
|
66,667 |
|
124,273 |
|
112,415 |
|
| |
|
|
|
Claims
on the National Government |
197,845 |
208,805 |
189,932 |
141,647 |
114,424 |
240,040 |
|
280,531 |
335,586 |
343,061 |
|
|
367,094 |
|
357,703 |
|
360,546 |
|
363,072 |
|
362,133 |
|
357,325 |
|
360,559 |
|
364,063 |
|
363,803 |
|
344,121 |
|
| |
|
|
|
|
NG -Securities |
144,520 |
167,965 |
154,375 |
105,903 |
75,229 |
221,895 |
|
266,469 |
321,524 |
328,999 |
|
|
353,032 |
|
343,641 |
|
346,484 |
|
349,010 |
|
348,071 |
|
343,263 |
|
346,497 |
|
350,001 |
|
349,741 |
|
330,059 |
|
| |
|
|
|
|
NG -Loans |
32,491 |
26,846 |
20,883 |
20,883 |
20,883 |
14,062 |
|
14,062 |
14,062 |
14,062 |
|
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
14,062 |
|
| |
|
|
|
|
Foreign Exchange Receivable |
20,834 |
13,994 |
14,674 |
14,861 |
18,312 |
4,083 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Liabilities to the National Government |
136,656 |
135,347 |
169,994 |
130,462 |
145,728 |
165,323 |
|
163,813 |
189,877 |
216,721 |
|
|
228,349 |
|
217,204 |
|
212,694 |
|
222,811 |
|
216,534 |
|
237,465 |
|
315,465 |
|
297,396 |
|
239,530 |
|
231,706 |
|
| |
|
|
|
|
Treasury IMF Accounts |
50,141 |
56,490 |
65,780 |
70,185 |
60,393 |
58,438 |
|
54,298 |
53,284 |
50,917 |
|
|
50,427 |
|
50,733 |
|
53,822 |
|
53,764 |
|
55,890 |
|
57,935 |
|
56,454 |
|
56,755 |
|
57,661 |
|
57,420 |
|
| |
|
|
|
|
Deposits |
86,515 |
78,857 |
104,214 |
60,277 |
85,335 |
106,885 |
|
109,515 |
136,593 |
165,804 |
|
|
177,922 |
|
166,471 |
|
158,872 |
|
169,047 |
|
160,644 |
|
179,530 |
|
259,011 |
|
240,641 |
|
181,869 |
|
174,286 |
|
| |
|
|
Claims on Non-Financial Public Corporations
(Semi-Government Entities) |
45 |
45 |
45 |
10 |
10 |
10 |
|
10 |
10 |
10 |
|
|
10 |
|
10 |
|
10 |
|
10 |
|
10 |
|
10 |
|
10 |
|
10 |
|
10 |
|
9 |
|
| |
|
|
Claims on Financial Public Corporations |
30,071 |
55,999 |
83,405 |
80,724 |
73,103 |
81,998 |
|
69,516 |
69,529 |
69,529 |
|
|
69,519 |
|
69,519 |
|
69,518 |
|
69,518 |
|
69,508 |
|
69,507 |
|
69,916 |
|
69,916 |
|
69,915 |
|
72,255 |
|
| |
|
Claims on Other Sectors (Credits to the Private
Sector) 3/ |
54,162 |
29,725 |
39,494 |
30,011 |
23,926 |
22,884 |
|
21,305 |
20,955 |
20,462 |
|
|
20,543 |
|
23,123 |
|
24,465 |
|
24,597 |
|
24,947 |
|
24,232 |
|
24,029 |
|
24,568 |
|
30,379 |
|
36,618 |
|
| |
|
|
Claims on the Other Depository Corporations |
54,162 |
29,724 |
39,493 |
30,010 |
23,925 |
22,883 |
|
21,304 |
20,954 |
20,461 |
|
|
20,542 |
|
23,122 |
|
24,464 |
|
24,596 |
|
24,946 |
|
24,231 |
|
24,028 |
|
24,567 |
|
30,378 |
|
36,617 |
|
| |
|
|
Claims on Other Resident Sectors |
0 |
1 |
1 |
1 |
1 |
1 |
|
1 |
1 |
1 |
|
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
1 |
|
| |
Net Other Items |
|
-278,035 |
-340,277 |
-390,287 |
-383,582 |
-444,445 |
-538,798 |
|
-831,160 |
-819,001 |
-733,903 |
|
|
-836,938 |
|
-864,259 |
|
-928,289 |
|
-932,452 |
|
-955,128 |
|
-947,869 |
|
-929,521 |
|
-946,308 |
|
-1,035,435 |
|
-967,218 |
|
| |
check NOI |
|
|
-278,035 |
-340,277 |
-390,287 |
-383,582 |
-444,445 |
-538,798 |
|
-831,160 |
-819,001 |
-733,903 |
|
|
-836,938 |
|
-864,259 |
|
-928,289 |
|
-932,452 |
|
-955,128 |
|
-947,869 |
|
-929,521 |
|
-946,308 |
|
-1,035,435 |
|
-967,218 |
|
| |
|
Revaluation Accounts |
-31,169 |
-54,486 |
-84,955 |
-91,500 |
-64,435 |
-12,614 |
|
56,176 |
79,147 |
97,270 |
|
|
77,871 |
|
60,484 |
|
12,106 |
|
29,466 |
|
-18,671 |
|
-56,595 |
|
-29,609 |
|
-63,903 |
|
0 |
|
0 |
|
| |
|
|
|
Less: |
Revaluation of International Reserves |
57,305 |
52,637 |
57,000 |
91,500 |
64,435 |
12,614 |
|
9,270 |
4,688 |
5,613 |
|
|
6,055 |
|
5,786 |
|
2,992 |
|
3,049 |
|
18,671 |
|
56,595 |
|
29,609 |
|
63,903 |
|
0 |
|
0 |
|
| |
|
|
|
Plus: |
Revaluation of International Reserves |
0 |
0 |
0 |
0 |
0 |
0 |
|
65,446 |
83,835 |
102,883 |
|
|
83,926 |
|
66,270 |
|
15,098 |
|
32,515 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Plus: |
Foreign Exchange Differential Account |
15,946 |
19,292 |
22,489 |
0 |
0 |
0 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Plus: |
Foreign Exchange Differential Account |
0 |
0 |
0 |
0 |
0 |
0 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Plus: |
Deferred Charges Credits-Gold |
0 |
0 |
0 |
0 |
0 |
0 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Plus: |
Revaluation of Gold Holdings-Price Fluctuations |
10,190 |
0 |
0 |
0 |
0 |
0 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
|
|
Less: |
Revaluation of Gold Holdings-Price Fluctuations |
0 |
21,141 |
50,444 |
0 |
0 |
0 |
|
0 |
0 |
0 |
|
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
| |
|
Capital and Reserves |
-188,941 |
-197,756 |
-222,736 |
-240,883 |
-264,711 |
-283,490 |
|
230,597 |
213,685 |
190,358 |
|
|
172,513 |
|
161,575 |
|
164,784 |
|
166,403 |
|
164,328 |
|
174,374 |
|
171,938 |
|
186,269 |
|
0 |
|
0 |
|
| |
|
Other Assets/Liabilities |
-57,925 |
-88,035 |
-82,596 |
-51,199 |
-115,299 |
-242,694 |
|
-1,117,933 |
-1,111,833 |
-1,021,531 |
|
|
-1,087,322 |
|
-1,086,318 |
|
-1,105,179 |
|
-1,128,321 |
|
-1,100,785 |
|
-1,065,648 |
|
-1,071,850 |
|
-1,068,674 |
|
-1,035,435 |
|
-967,218 |
|
| |
|
|
|
|
|
|
323,474 |
369,153 |
389,584 |
427,599 |
467,402 |
717,844 |
|
768,695 |
782,788 |
847,367 |
|
|
774,389 |
|
805,169 |
|
810,383 |
|
804,905 |
|
839,868 |
|
858,428 |
|
787,022 |
|
834,752 |
|
846,495 |
|
890,679 |
|
| Reserve Money |
|
|
|
323,474 |
369,153 |
389,584 |
427,599 |
467,402 |
717,844 |
|
768,695 |
782,788 |
847,367 |
|
|
774,389 |
|
805,169 |
|
810,383 |
|
804,905 |
|
839,868 |
|
858,428 |
|
787,022 |
|
834,752 |
|
846,495 |
|
890,679 |
|
| |
check RM |
|
|
323,474 |
369,153 |
389,584 |
427,599 |
467,402 |
717,844 |
|
768,695 |
782,788 |
847,367 |
|
|
774,389 |
|
805,169 |
|
810,383 |
|
804,905 |
|
839,868 |
|
858,428 |
|
787,022 |
|
834,752 |
|
846,495 |
|
890,679 |
|
| |
Annual Growth Rate (%) |
|
14.1 |
5.5 |
9.8 |
9.3 |
53.6 |
|
37.0 |
25.3 |
18.0 |
|
|
11.5 |
|
10.7 |
|
4.5 |
|
3.4 |
|
11.7 |
|
11.6 |
|
2.0 |
|
9.6 |
|
10.9 |
|
15.9 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Currency Outside Monetary Authorities |
244,998 |
271,695 |
294,782 |
322,466 |
336,558 |
384,492 |
|
369,655 |
370,099 |
433,854 |
|
|
371,311 |
|
369,919 |
|
385,635 |
|
389,709 |
|
395,167 |
|
384,225 |
|
376,900 |
|
382,401 |
|
394,947 |
|
416,625 |
|
| |
Liabilities to Other Depository Corporations |
73,504 |
90,054 |
86,085 |
95,283 |
120,356 |
330,752 |
|
396,456 |
410,107 |
410,967 |
|
|
400,606 |
|
432,788 |
|
422,293 |
|
412,774 |
|
442,295 |
|
471,815 |
|
407,761 |
|
450,007 |
|
449,309 |
|
471,943 |
|
| |
|
Regular Reserves, ODCs |
73,504 |
90,054 |
86,085 |
95,283 |
120,356 |
162,472 |
|
174,388 |
181,230 |
171,223 |
|
|
161,540 |
|
195,682 |
|
186,653 |
|
176,328 |
|
202,130 |
|
227,301 |
|
161,671 |
|
205,200 |
|
200,830 |
|
211,522 |
|
| |
|
Reserve Deposit Accounts, ODCs |
0 |
0 |
0 |
0 |
0 |
168,280 |
|
222,068 |
228,877 |
239,744 |
|
|
239,066 |
|
237,106 |
|
235,640 |
|
236,446 |
|
240,165 |
|
244,514 |
|
246,090 |
|
244,807 |
|
248,479 |
|
260,421 |
|
| |
Liabilities to Other Sectors |
4,972 |
7,404 |
8,717 |
9,850 |
10,488 |
2,600 |
|
2,584 |
2,582 |
2,546 |
|
|
2,472 |
|
2,462 |
|
2,455 |
|
2,422 |
|
2,406 |
|
2,388 |
|
2,361 |
|
2,344 |
|
2,239 |
|
2,111 |
|
| |
|
Transferable Deposits Included In Broad Money,
Other Financial Corporations |
4,972 |
7,404 |
8,717 |
9,850 |
10,488 |
2,600 |
|
2,584 |
2,582 |
2,546 |
|
|
2,472 |
|
2,462 |
|
2,455 |
|
2,422 |
|
2,406 |
|
2,388 |
|
2,361 |
|
2,344 |
|
2,239 |
|
2,111 |
|
| |
|
|
Regular Reserves , OFCs |
4,972 |
7,404 |
8,717 |
9,850 |
10,488 |
1,254 |
|
1,262 |
1,263 |
1,262 |
|
|
1,209 |
|
1,202 |
|
1,199 |
|
1,188 |
|
1,181 |
|
1,176 |
|
1,169 |
|
1,169 |
|
1,111 |
|
1,040 |
|
| |
|
|
|
CTF |
|
4,877 |
7,309 |
8,615 |
9,761 |
10,423 |
1,154 |
|
1,030 |
1,031 |
1,032 |
|
|
981 |
|
981 |
|
980 |
|
980 |
|
971 |
|
973 |
|
964 |
|
964 |
|
912 |
|
850 |
|
| |
|
|
|
TOFA |
|
95 |
95 |
102 |
89 |
65 |
100 |
|
232 |
232 |
230 |
|
|
228 |
|
221 |
|
219 |
|
208 |
|
210 |
|
203 |
|
205 |
|
205 |
|
199 |
|
190 |
|
| |
|
|
Reserve Deposit Accounts, OFCs |
0 |
0 |
0 |
0 |
0 |
1,346 |
|
1,322 |
1,319 |
1,284 |
|
|
1,263 |
|
1,260 |
|
1,256 |
|
1,234 |
|
1,225 |
|
1,212 |
|
1,192 |
|
1,175 |
|
1,128 |
|
1,071 |
|
| |
|
|
|
CTF |
|
0 |
0 |
0 |
0 |
0 |
1,188 |
|
1,086 |
1,082 |
1,070 |
|
|
1,054 |
|
1,054 |
|
1,046 |
|
1,043 |
|
1,034 |
|
1,031 |
|
1,009 |
|
997 |
|
953 |
|
904 |
|
| |
|
|
|
TOFA |
|
0 |
0 |
0 |
0 |