Supporting information:

C3 Monetary and credit aggregate components

($NZmillion)	*Previous years:*		*Monthly:*
Monetary aggregates	Sep 2007	Sep 2008	May 2009	Jun 2009	Jul 2009	Aug 2009	Sep 2009
1. Currency in circulation	3,414	3,542	3,966	3,922	3,931	3,889	3,863
2. Less currency held by M3 institutions	495	507	527	594	546	588	524
Notes and coin held by the public (1-2)	2,919	3,035	3,439	3,328	3,385	3,301	3,339
3. Transaction balances (cheque)	19,733	19,782	20,423	20,111	19,904	20,065	19,754
4. Less inter-institutional transaction balances (cheque)	35	18	69	0	21	1	1
5. Less Government transaction deposits	90	120	137	130	116	101	107
M1 (Notes & coin +3-4-5)	22,528	22,679	23,656	23,308	23,152	23,263	22,985
6. Transaction EFTPOS (excl. cheque)	12,651	11,372	12,094	12,223	11,815	11,517	11,520
7. Total other call funding	35,671	38,834	39,921	38,852	37,712	38,652	38,912
8. Less inter-institutional EFTPOS (excl. cheque)	-	-	-	-	-	-	-
9. Less other call inter-institutional funding	66	106	194	269	227	127	146
M2 (M1+6+7-8-9)	70,784	72,779	75,477	74,115	72,452	73,306	73,271
10. NZD funding	207,035	219,280	228,577	225,046	226,984	224,893	223,363
11. Less NZD inter-institutional claims	15,791	15,139	18,605	16,786	18,175	15,109	13,877
12. Less Government deposits	705	310	630	660	556	447	433
M3 (Notes & coin +10-11-12)	193,458	206,867	212,781	210,928	211,637	212,638	212,392
13. Less NZD funding from non-residents	41,203	39,655	39,651	38,901	38,563	40,564	39,524
M3R (M3-13)	152,255	167,211	173,130	172,026	173,075	172,074	172,868
M3 excluding repos	193,287	205,612	208,135	206,768	207,873	208,596	208,133
M3R excluding repos	152,444	166,234	168,631	168,065	169,384	168,146	168,699
Credit aggregates
1. NZD claims (all surveyed institutions)	278,437	302,828	305,840	304,623	307,069	303,557	305,221
2. Less NZD inter-institutional claims	15,791	15,139	18,605	16,786	18,175	15,109	13,877
PSC (1-2)	262,603	287,617	287,208	287,807	288,868	288,424	291,322
3. Less NZD claims on non residents	10,031	9,740	6,735	7,110	8,553	7,778	9,406
PSCR (PSC-3)	252,572	277,878	280,472	280,696	280,315	280,645	281,915
PSC excluding repos	261,443	285,950	286,301	286,934	288,155	287,714	289,558
PSCR excluding repos	252,003	277,267	279,984	280,130	279,841	280,084	281,054
4. Claims on Govt by M3 institutions	1,145	1,434	6,184	6,853	7,537	8,387	9,144
5. Claims on Govt by Reserve Bank	109	364	-4,934	-5,539	-1,830	-3,853	-6,358
DC (PSC+4+5)	263,857	289,416	288,458	289,121	294,574	292,958	294,107
DCR (PSCR+4+5)	253,826	279,676	281,723	282,011	286,021	285,180	284,701
1. Net foreign currency assets of M3 institutions	-64,616	-79,775	-74,975	-75,577	-80,786	-77,115	-78,224
2. Net foreign currency assets of the Reserve Bank	12,948	13,152	14,574	14,250	12,358	13,902	14,674
Net foreign currency assets NFCA (1+2)	-51,668	-66,623	-60,400	-61,327	-68,429	-63,213	-63,549
1. Capital & Reserves of M3 institutions	-20,288	-22,475	-20,974	-21,552	-21,104	-21,196	-20,583
2. Balance sheet items n.e.c. net	1,558	6,548	5,697	4,686	6,596	4,089	2,417
Residual items (1+2)	-18,731	-15,927	-15,277	-16,866	-14,508	-17,108	-18,166
M3 (DC + NFCA + Residual)	193,458	206,867	212,781	210,928	211,637	212,638	212,392

For more information download the historical data above.
Last updated 29 October 2009