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Supporting information:

C3 Monetary and credit aggregate components


(NZ$ million)   Previous Years:   Monthly:
Monetary aggregates   Jul 2008   Jul 2009     Mar 2010   Apr 2010   May 2010   Jun 2010   Jul 2010
1. Currency in circulation   3,485   3,931     4,198   3,981   3,956   3,937   3,929
2. Less currency held by M3 institutions   478   546     677   529   555   519   480
Notes and coin held by the public (1-2)   3,007   3,385     3,521   3,452   3,402   3,418   3,449
3. Transaction balances (cheque)   20,840   19,904     20,798   20,940   20,287   19,682   19,551
4. Less inter-institutional transaction balances (cheque)   4   21     0   0   0   0   0
5. Less Government transaction deposits   98   116     142   124   136   130   130
M1 (Notes & coin +3-4-5)   23,745   23,152     24,177   24,268   23,553   22,971   22,869
6. Transaction EFTPOS (excl.cheque)   11,403   11,815     11,466   11,943   11,391   11,203   11,316
7. Total other call funding   35,935   37,772     37,938   37,213   38,815   37,280   35,452
8. Less inter-institutional EFTPOS (excl.cheque)   -   -     -   -   -   -   -
9. Less other call inter-institutional funding   107   227     214   296   263   220   192
M2 (M1+6+7-8-9)   70,975   72,512     73,367   73,128   73,496   71,233   69,445
10. NZD funding   215,865   227,324     218,166   219,526   219,014   213,628   215,865
11. Less NZD inter-institutional claims   14,858   18,174     14,962   14,696   15,244   12,066   12,590
12. Less Government deposits   353   556     608   591   604   611   653
M3 (Notes & coin +10-11-12)   203,661   211,978     206,118   207,692   206,568   204,370   206,072
13. Less NZD funding from non-residents   38,916   38,563     35,931   35,866   35,615   35,588   36,291
M3R (M3-13)   164,744   173,415     170,186   171,826   170,953   168,782   169,781
M3 excluding repos   203,549   208,213     206,131   207,779   205,996   204,146   205,865
M3R excluding repos   164,731   169,724     170,221   171,970   170,447   168,621   169,704
Credit aggregates                              
1. NZD claims (all surveyed institutions)   297,603   307,102     303,311   304,072   306,508   302,329   303,280
2. Less NZD inter-institutional claims   14,858   18,174     14,962   14,696   15,244   12,066   12,590
PSC (1-2)   282,745   288,928     288,349   289,377   291,264   290,264   290,691
3. Less NZD claims on non-residents   7,836   8,553     7,983   8,312   9,123   9,020   9,008
PSCR (PSC-3)   274,909   280,375     280,366   281,064   282,141   281,243   281,682
PSC excluding repos   282,052   288,215     287,709   288,685   290,227   288,423   289,352
PSCR excluding repos   274,400   279,901     279,980   280,417   281,360   280,631   281,044
4. Claims on Covt by M3 institutions   1,270   7,537     10,762   11,315   11,153   11,090   11,581
5. Claims on Govt by Reserve Bank   -1,540   -4,730     -4,934   -3,088   -5,785   -6,331   -4,343
DC (PSC+4+5)   282,475   291,734     294,177   297,604   296,632   295,022   297,929
DCR (PSCR+4+5)   274,639   283,181     286,194   289,292   287,509   286,002   288,921
1. Net foreign currency assets of M3 institutions   -76,566   -80,786     -85,549   -84,265   -88,838   -89,580   -86,990
2. Net foreign currency assets of the Reserve Bank   12,687   12,048     14,770   14,821   17,924   17,082   14,498
Net foreign currency assets NFCA (1+2)   -63,878   -68,739     -70,779   -69,444   -70,914   -72,498   -72,492
1. Capital & Reserves of M3 institutions   -25,121   -23,812     -23,887   -24,082   -24,460   -23,980   -24,213
2. Balance sheet items n.e.c. net   10,185   12,794     6,606   3,613   5,310   5,825   4,848
Residual items (1+2)   -14,936   -11,018     -17,280   -20,469   -19,150   -18,155   -19,365
M3 (DC+NFCA+Residual)   203,661   211,978     206,118   207,692   206,568   204,370   206,072
                               
For more information download the historical data above.
Last updated 30 August 2010