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Supporting information:

C3 Monetary and credit aggregate components


(NZ$ million)   Previous Years:   Monthly:
Monetary aggregates   Jan 2008   Jan 2009     Sep 2009   Oct 2009   Nov 2009   Dec 2009   Jan 2010
1. Currency in circulation   3,663   3,974     3,863   3,941   3,979   4,560   4,096
2. Less currency held by M3 institutions   580   568     524   564   609   981   593
Notes and coin held by the public (1-2)   3,084   3,406     3,339   3,377   3,370   3,579   3,503
3. Transaction balances (cheque)   19,919   19,816     19,754   19,833   20,297   21,106   19,781
4. Less inter-institutional transaction balances (cheque)   12   4     -   -   -   0   14
5. Less Government transaction deposits   90   114     107   106   110   134   111
M1 (Notes & coin +3-4-5)   22,900   23,103     22,986   23,104   23,558   24,551   23,159
6. Transaction EFTPOS (excl.cheque)   12,141   11,567     11,520   11,555   11,697   11,642   11,603
7. Total other call funding   34,954   37,902     38,982   39,768   39,281   38,424   37,240
8. Less inter-institutional EFTPOS (excl.cheque)   -   -     -   -   -   -   -
9. Less other call inter-institutional funding   106   219     164   202   368   423   347
M2 (M1+6+7-8-9)   69,890   72,352     73,324   74,225   74,167   74,194   71,655
10. NZD funding   212,293   230,575     223,713   223,374   222,780   219,250   216,692
11. Less NZD inter-institutional claims   14,435   18,583     13,877   13,773   14,703   12,259   14,545
12. Less Government deposits   295   555     433   450   361   360   369
M3 (Notes & coin +10-11-12)   200,647   214,842     212,742   212,528   211,086   210,210   205,281
13. Less NZD funding from non-residents   41,597   41,146     39,804   38,141   37,975   36,197   35,275
M3R (M3-13)   159,051   173,696     172,938   174,387   173,110   174,013   170,006
M3 excluding repos   200,397   211,096     208,483   208,568   208,667   209,310   204,623
M3R excluding repos   159,125   169,977     168,769   170,508   170,707   173,193   169,620
Credit aggregates                              
1. NZD claims (all surveyed institutions)   285,228   305,902     305,268   303,848   305,659   303,382   304,250
2. Less NZD inter-institutional claims   14,435   18,583     13,877   13,773   14,703   12,259   14,545
PSC (1-2)   270,793   287,319     291,392   290,075   290,955   291,123   289,704
3. Less NZD claims on non-residents   8,748   7,330     9,407   7,947   8,658   9,893   7,629
PSCR (PSC-3)   262,045   279,989     281,985   282,128   282,298   281,231   282,076
PSC excluding repos   269,942   286,659     289,628   288,922   289,218   290,239   289,095
PSCR excluding repos   261,588   279,730     281,124   281,537   281,777   280,701   281,612
4. Claims on Covt by M3 institutions   2,199   4,405     9,144   9,209   10,005   10,170   10,770
5. Claims on Govt by Reserve Bank   -4,249   -4,998     -8,310   -7,673   -6,808   -2,066   -6,258
DC (PSC+4+5)   268,744   286,726     292,225   291,610   294,152   299,228   294,216
DCR (PSCR+4+5)   259,995   279,396     282,819   283,663   285,494   289,335   286,588
1. Net foreign currency assets of M3 institutions   -65,707   -87,593     -78,224   -78,872   -84,026   -85,686   -90,210
2. Net foreign currency assets of the Reserve Bank   13,457   16,601     12,806   12,995   14,720   13,738   16,462
Net foreign currency assets NFCA (1+2)   -52,249   -70,993     -65,418   -65,877   -69,306   -71,948   -73,748
1. Capital & Reserves of M3 institutions   -22,328   -24,433     -23,029   -23,090   -23,450   -23,443   -23,505
2. Balance sheet items n.e.c. net   6,480   23,541     8,964   9,884   9,689   6,373   8,318
Residual items (1+2)   -15,847   -892     -14,066   -13,206   -13,761   -17,070   -15,187
M3 (DC+NFCA+Residual)   200,647   214,842     212,742   212,528   211,086   210,210   205,281
                               
For more information download the historical data above.
Last updated 25 February 2010