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Document - No. 11 : Sources of Money Stock (M<SUB>3</SUB>) () or PDF - No. 11 : Sources of Money Stock (M<SUB>3</SUB>) ()
No. 11 : Sources of Money Stock (M3)
Date : Apr 17, 2003
        

(Rs. Crore)

     

Outstanding as on March 31/Reporting Fridays of the month/Last Reporting Friday of the month

Source

  

1998-99

1999-00

2000-01

2001-02

Feb. 8,

Feb. 22,

        

2002

2002

1

   

2

3

4

5

6

7

1.

Net Bank Credit to Government (A+B)

3,86,677

4,41,378

5,11,955

5,86,466

5,82,233

5,82,726

         
 

A.

RBI’s net credit to Government (i-ii)

1,52,539

1,48,263

1,53,877

1,52,178

1,55,765

1,51,349

         
  

(i)

Claims on Government (a+b)

1,55,466

1,50,486

1,56,696

1,57,323

1,55,906

1,51,491

           
   

(a)

Central Government (1)

1,48,343

1,42,051

1,49,353

1,46,528

1,49,846

1,44,155

           
   

(b)

State Governments

7,123

8,435

7,343

10,795

6,060

7,336

          
  

(ii)

Government deposits with RBI (a+b)

2,927

2,223

2,819

5,145

141

142

           
   

(a)

Central Government

2,927

2,223

2,819

5,145

100

101

           
   

(b)

State Governments

—

—

—

—

41

41

           
 

B.

Other Banks’ Credit to Government

2,34,138

2,93,115

3,58,078

4,34,288

4,26,468

4,31,377

          

2.

Bank Credit to Commercial Sector (A+B)

4,95,989

5,86,564

6,79,218

7,56,265

7,37,240

7,40,082

          
 

A.

RBI’s credit to commercial sector (2)

12,226

15,270

13,286

5,929

8,197

7,836

          
 

B.

Other banks’ credit to commercial sector (i+ii+iii)

4,83,763

5,71,294

6,65,932

7,50,336

7,29,043

7,32,246

          
  

(i)

Bank credit by commercial banks

3,68,837

4,35,958

5,11,434

5,89,723

5,70,780

5,72,851

          
  

(ii)

Bank credit by co-operative banks

80,028

1,00,423

1,19,170

1,28,230

1,26,081

1,26,789

          
  

(iii)

Investments by commercial and

      
   

co-operative banks in other securities

34,898

34,913

35,328

32,384

32,182

32,606

          

3.

Net Foreign Exchange Assets of Banking Sector (A+B)

1,77,853

2,05,648

2,49,819

3,14,733

2,92,906

2,96,376

          
 

A.

RBI’s net foreign exchange assets (i-ii) (3)

1,37,954

1,65,880

1,97,175

2,63,969

2,42,142

2,45,612

          
  

(i)

Gross foreign assets

1,37,971

1,65,897

1,97,192

2,63,986

2,42,159

2,45,629

          
  

(ii)

Foreign liabilities

17

17

17

17

17

17

          
 

B.

Other banks’ net foreign exchange assets

39,899

39,768

52,644

50,764

50,764

50,764

          

4.

Government’s Currency Liabilities to the Public

3,846

4,578

5,354

6,366

6,155

6,238

          

5.

Banking Sector’s net Non-monetary Liabilities Other

      
 

than Time Deposits (A+B)

83,405

1,13,994

1,33,126

1,63,828

1,50,056

1,51,865

          
 

A.

Net non-monetary liabilities of RBI (3)

60,540

70,222

79,345

1,01,220

1,01,261

1,02,561

          
 

B.

Net non-monetary liabilities of other banks (residual)

22,865

43,772

53,781

62,608

48,795

49,304

          

M3

(1+2+3+4-5)

9,80,960

   11,24,174

   13,13,220

   15,00,003

   14,68,478

   14,73,556


        

(Rs. Crore)

     

Outstanding as on March 31/Reporting Fridays of the month/Last Reporting Friday of the month

Source

  

Oct.

Nov.

Dec.

Jan.

Feb. 7,

Feb. 21,

     

2002

2002

2002

2003

2003

2003

1

    

8

9

10

11

12

13

1.

Net Bank Credit to Government (A+B)

6,37,913

6,42,801

6,36,765

6,42,061

6,49,909

6,44,862

          
 

A.

RBI’s net credit to Government (i-ii)

1,20,553

1,18,134

1,10,760

1,07,824

1,08,508

1,01,609

          
  

(i)

Claims on Government (a+b)

1,20,695

1,18,276

1,10,901

1,07,965

1,08,649

1,01,750

           
   

(a)

Central Government (1)

1,15,310

1,14,119

1,05,502

1,02,214

1,03,084

96,008

           
   

(b)

State Governments

5,385

4,157

5,399

5,751

5,565

5,742

           
  

(ii)

Government deposits with RBI (a+b)

142

142

141

141

141

141

           
   

(a)

Central Government

101

101

100

100

100

100

           
   

(b)

State Governments

41

41

41

41

41

41

           
 

B.

Other Banks’ Credit to Government

5,17,360

5,24,667

5,26,005

5,34,237

5,41,401

5,43,253

          

2.

Bank Credit to Commercial Sector (A+B)

8,41,580

8,50,253

8,54,947

8,65,987

8,73,654

8,79,102

          
 

A.

RBI’s credit to commercial sector (2)

3,106

3,104

2,963

2,925

2,906

2,916

          
 

B.

Other banks’ credit to commercial sector (i+ii+iii)

8,38,474

8,47,149

8,51,984

8,63,062

8,70,748

8,76,186

          
  

(i)

Bank credit by commercial banks

6,73,533

6,82,390

6,88,934

6,96,551

7,03,859

7,08,263

          
  

(ii)

Bank credit by co-operative banks

1,33,092

1,33,177

1,31,993

1,35,327

1,35,722

1,36,676

          
  

(iii)

Investments by commercial and

      
   

co-operative banks in other securities

31,849

31,582

31,057

31,184

31,167

31,247

          

3.

Net Foreign Exchange Assets of Banking Sector (A+B)

3,56,268

3,69,281

3,83,872

3,96,676

4,02,530

4,05,966

          
 

A.

RBI’s net foreign exchange assets (i-ii) (3)

3,10,029

3,23,042

3,37,633

3,50,437

3,56,291

3,59,727

          
  

(i)

Gross foreign assets

3,10,046

3,23,059

3,37,650

3,50,454

3,56,308

3,59,744

          
  

(ii)

Foreign liabilities

17

17

17

17

17

17

          
 

B.

Other banks’ net foreign exchange assets

46,239

46,239

46,239

46,239

46,239

46,239

          

4.

Government’s Currency Liabilities to the Public

6,851

6,851

6,851

6,851

6,851

6,851

          

5.

Banking Sector’s net Non-monetary

      
 

Liabilities Other than Time Deposits (A+B)

1,84,012

1,94,585

2,02,364

2,20,433

2,28,373

2,30,569

          
 

A.

Net non-monetary liabilities of RBI (3)

1,11,470

1,14,823

1,20,932

1,27,135

1,27,239

1,25,948

          
 

B.

Net non-monetary liabilities of other banks (residual)

72,542

79,762

81,432

93,298

1,01,134

1,04,621

          

M3

(1+2+3+4-5)

16,58,599

16,74,600

16,80,070

16,91,141

17,04,570

17,06,211

          
    

(16,16,007)

   (16,32,008)

   (16,37,478)

   (16,48,549)

   (16,61,978)

   (16,63,619)

Note : Figures in brackets exclude the impact of mergers since May 3, 2002.

     

Also see ‘Notes on Tables’.

      

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