Depository Corporations Survey
levels in million Philippine pesos
as of periods indicated
					Levels						Changes in Levels					Percent Change
					2024			2025			Month-on-Month		Year-on-Year			Month-on-Month		Year-on-Year
											2025		2025			2025		2025
					January	February		January p,r	February p		February p		January p,r	February p		February p		January p,r	February p
1. Net Foreign Assets					6,669,668	6,560,939		6,844,111	6,940,449		96,338		174,443	379,510		1.4		2.6	5.8
A. Central Bank					5,816,764	5,752,798		6,062,733	6,266,235	a	203,502		245,968	513,437		3.4		4.2	8.9
	Claims on Nonresidents				6,082,123	5,985,387		6,301,169	6,502,851		201,682		219,046	517,463		3.2		3.6	8.6
	Less: Liabilities to Nonresidents				265,358	232,589		238,436	236,616		-1,821		-26,922	4,027		-0.8		-10.1	1.7
B. Other Depository Corporations					852,903	808,141		781,378	674,214		-107,164		-71,525	-133,927		-13.7		-8.4	-16.6
	Claims on Nonresidents				1,883,172	1,838,207		2,078,785	1,978,329		-100,455		195,612	140,122		-4.8		10.4	7.6
	Less: Liabilities to Nonresidents				1,030,269	1,030,066		1,297,407	1,304,116		6,709		267,137	274,050		0.5		25.9	26.6
2. Domestic Claims					18,277,894	18,335,963		20,268,114	20,185,716		-82,398		1,990,220	1,849,753		-0.4		10.9	10.1
A. Net Claims on Central Government					5,035,214	5,002,213		5,408,954	5,299,469		-109,485		373,740	297,256		-2.0		7.4	5.9
	Claims on Central Government				6,512,722	6,745,505		6,822,808	6,910,245		87,438		310,086	164,741		1.3		4.8	2.4
	Less: Liabilities to Central Government				1,477,508	1,743,292		1,413,854	1,610,776		196,922		-63,654	-132,516		13.9		-4.3	-7.6
B. Claims on Other Sectors					13,242,681	13,333,750		14,859,160	14,886,247		27,087		1,616,479	1,552,497		0.2		12.2	11.6
	Claims on Other Financial Corporations				1,246,387	1,245,905		1,296,916	1,316,650		19,734		50,529	70,745		1.5		4.1	5.7
	Claims on State and Local Government				194,441	195,875		224,333	227,322		2,989		29,892	31,447		1.3		15.4	16.1
	Claims on Public Nonfinancial Corporations				242,570	236,231		264,402	258,415		-5,987		21,832	22,184		-2.3		9.0	9.4
	Claims on Private Sector				11,559,282	11,655,738		13,073,509	13,083,860		10,350		1,514,227	1,428,121		0.1		13.1	12.3
3. Liquidity Aggregates Included in Broad Money
	M4 (M3 + 3.e)				20,071,267	20,089,036		21,381,784	21,217,325		-164,459		1,310,517	1,128,288		-0.8		6.5	5.6
	M3 (M2 + 3.d) 1				16,989,591	16,923,695		18,144,888	17,984,692		-160,196		1,155,297	1,060,997		-0.9		6.8	6.3
	M2 (M1 + 3.c)				16,536,072	16,482,863		17,714,712	17,541,930		-172,782		1,178,640	1,059,067		-1.0		7.1	6.4
	M1 (3.a + 3.b)				6,701,991	6,646,251		7,153,833	7,083,706		-70,127		451,842	437,455		-1.0		6.7	6.6
3.a  Currency Outside Depository Corporations					1,986,624	1,977,997		2,218,026	2,225,337		7,311		231,402	247,340		0.3		11.6	12.5
3.b  Transferable Deposits Included in Broad Money					4,715,367	4,668,254		4,935,807	4,858,369		-77,438		220,440	190,115		-1.6		4.7	4.1
3.c  Other Deposits Included in Broad Money					9,834,081	9,836,611		10,560,879	10,458,224		-102,655		726,799	621,612		-1.0		7.4	6.3
	Savings Deposits				6,378,009	6,324,960		6,719,460	6,716,635		-2,825		341,451	391,676		0.0		5.4	6.2
	Time Deposits				3,456,071	3,511,652		3,841,419	3,741,588		-99,831		385,348	229,936		-2.6		11.1	6.5
3.d  Securities Other Than Shares Included in Broad Money					453,519	440,833		430,176	442,762		12,586		-23,343	1,930		2.9		-5.1	0.4
3.e  Transferable and Other Deposits in Foreign Currency (FCDs-Residents)					3,081,676	3,165,341		3,236,896	3,232,633		-4,263		155,219	67,292		-0.1		5.0	2.1
4. Liabilities Excluded from Broad Money					4,876,295	4,807,866		5,730,441	5,908,840		178,400		854,146	1,100,975		3.1		17.5	22.9
1 M3 may also be derived as net foreign assets (NFA) + domestic claims (DC) – (deposits in foreign currency of residents + liabilities excluded from broad money).
p preliminary
r revised
a Based on revised Central Bank Survey
. Rounds off to zero
Source: Bangko Sentral ng Pilipinas