Other Financial Corporations Survey (OFCS) 1
levels in million Philippine pesos; as of periods indicated
Levels  Changes in Levels  Percent Change
 Quarter-on-Quarter   Year-on-Year   Quarter-on-Quarter   Year-on-Year 
    Q3 2023    Q4 2023 r   Q3 2024 r   Q4 2024 p   Q3 2024 r   Q4 2024 p   Q3 2024 r   Q4 2024 p   Q3 2024 r   Q4 2024 p   Q3 2024 r   Q4 2024 p  
1. Net Foreign Assets 370,927 386,319 486,450 465,947 8,256 -20,503 115,522 79,628 1.7 -4.2 31.1 20.6
Claims on Nonresidents 545,222 563,234 636,893 629,610 1,803 -7,283 91,670 66,377 0.3 -1.1 16.8 11.8
Less: Liabilities to Nonresidents 174,295 176,915 150,443 163,663 -6,452 13,220 -23,852 -13,251 -4.1 8.8 -13.7 -7.5
2. Domestic Claims 8,817,820 8,942,342 9,870,397 10,070,878 664,302 200,481 1,052,577 1,128,536 7.2 2.0 11.9 12.6
A. Claims on Depository Corporations 2,248,345 2,283,207 2,625,368 2,886,571 257,553 261,203 377,023 603,364 10.9 9.9 16.8 26.4
B. Net Claims on Central Government 2,168,384 2,273,152 2,491,871 2,456,997 153,082 -34,874 323,487 183,845 6.5 -1.4 14.9 8.1
Claims on Central Government 2,179,880 2,284,448 2,501,172 2,467,536 151,456 -33,635 321,292 183,089 6.4 -1.3 14.7 8.0
Less: Liabilities to Central Government 11,495 11,295 9,300 10,539 -1,626 1,239 -2,195 -756 -14.9 13.3 -19.1 -6.7
C. Claims on Other Sectors 4,401,091 4,385,983 4,753,157 4,727,310 253,667 -25,847 352,066 341,327 5.6 -0.5 8.0 7.8
Claims on State and Local Government 2,799 2,780 2,145 1,331 -722 -814 -655 -1,449 -25.2 -37.9 -23.4 -52.1
Claims on Public Nonfinancial Corporations 14,379 15,644 14,412 15,772 33 1,361 33 128 0.2 9.4 0.2 0.8
Claims on Private Sector 4,383,913 4,367,559 4,736,601 4,710,207 254,356 -26,394 352,689 342,648 5.7 -0.6 8.0 7.8
Claims on Other Nonfinancial Corporations 3,313,282 3,259,910 3,553,786 3,493,669 225,724 -60,116 240,504 233,759 6.8 -1.7 7.3 7.2
Claims on Other Resident Sectors 2 1,070,631 1,107,648 1,182,816 1,216,538 28,632 33,722 112,185 108,889 2.5 2.9 10.5 9.8
3. Other Liabilities 9,188,747 9,328,661 10,356,846 10,536,825 672,558 179,979 1,168,099 1,208,164 6.9 1.7 12.7 13.0
Deposits Excluded From Broad Money 3 0 0 0 0 0 0 0 0 -- -- -- --
Securities Other Than Shares 130,723 132,796 159,112 154,108 18,486 -5,003 28,389 21,313 13.1 -3.1 21.7 16.0
Loans 266,967 294,750 311,335 309,306 -27,348 -2,029 44,368 14,556 -8.1 -0.7 16.6 4.9
Financial Derivatives 6,660 2,177 3,025 4,022 -2,707 998 -3,635 1,845 -47.2 33.0 -54.6 84.7
Insurance Technical Reserves 4 1,581,563 1,657,157 1,826,189 1,788,809 108,062 -37,380 244,626 131,651 6.3 -2.0 15.5 7.9
Shares and Other Equity 8,730,851 8,958,464 9,983,216 10,151,351 566,028 168,135 1,252,365 1,192,887 6.0 1.7 14.3 13.3
Other Items (Net) 5 -1,528,016 -1,716,683 -1,926,030 -1,870,771 10,038 55,259 -398,014 -154,088 0.5 2.9 -26.0 -9.0
                                                   
1 The OFCS is an analytical survey that provides a comprehensive measure of the claims (or assets) and liabilities of the other financial corporations (OFCs) in the Philippines. It is based on the framework of the International Monetary Fund (IMF)'s Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG) 2016. Data, which are derived from the sectoral balance sheet, are reported to the IMF using the Standard Report Forms (SRFs).
2 The other resident sectors are composed of the households and the non-profit institutions serving households.
3 Comprised of deposit liabilities of offshore banking units.
4 Refer to the amounts set aside by insurance companies to meet future insurance liabilities, such as but not limited to unearned premiums, outstanding claims, expected losses, bonuses and rebates (for life insurance).​
5 Other items (net) is computed as the difference of the total other liabilities and the total other assets, which are not included elsewhere in the survey. The said item also includes a consolidation adjustment which reflects the discrepancy after netting out inter-OFCs claims and liabilities.
Details may not add up to total due to rounding.
r revised
P preliminary
--  undefined or indeterminate growth rate
Source: Bangko Sentral ng Pilipinas