Supporting information:

C3 Monetary and credit aggregate components

($NZmillion)	*Previous years:*		*Monthly:*
Monetary aggregates	Aug 2006	Aug 2007	Apr 2008	May 2008	Jun 2008	Jul 2008	Aug 2008
1. Currency in circulation	3,373	3,364	3,611	3,532	3,447	3,485	3,494
2. Less currency held by M3 institutions	559	510	595	512	499	478	451
Notes and coin held by the public (1-2)	2,813	2,854	3,016	3,021	2,948	3,007	3,043
3. Transaction balances (cheque)	19,563	19,033	21,166	21,104	21,116	20,840	20,394
4. Less inter-institutional transaction balances (cheque)	35	12	11	46	42	4	15
5. Less Government transaction deposits	72	87	95	100	96	98	103
M1 (Notes & coin +3-4-5)	22,269	21,789	24,076	23,979	23,926	23,745	23,319
6. Transaction EFTPOS (excl. cheque)	13,674	12,436	11,485	11,236	11,290	11,403	11,189
7. Total other call funding	33,181	35,826	34,892	33,083	35,922	35,935	36,254
8. Less inter-institutional EFTPOS (excl. cheque)	-	-	-	-	-	-	-
9. Less other call inter-institutional funding	776	547	139	140	144	107	70
M2 (M1+6+7-8-9)	68,348	69,504	70,315	68,158	70,994	70,975	70,692
10. NZD funding	188,388	206,712	212,941	213,383	217,290	215,866	217,568
11. Less NZD inter-institutional claims	14,465	17,762	14,257	14,728	14,703	14,858	15,042
12. Less Government deposits	402	434	312	321	356	353	339
M3 (Notes & coin +10-11-12)	176,335	191,369	201,389	201,354	205,179	203,662	205,230
13. Less NZD funding from non-residents	38,373	42,257	38,922	38,522	40,548	38,940	39,998
M3R (M3-13)	137,963	149,112	162,467	162,832	164,631	164,722	165,232
M3 excluding repos	175,158	190,929	201,155	201,715	205,123	203,550	205,281
M3R excluding repos	137,849	149,253	162,505	163,528	164,757	164,709	165,539
Credit aggregates
1. NZD claims (all surveyed institutions)	243,740	278,636	290,159	294,463	295,778	297,675	299,982
2. Less NZD inter-institutional claims	14,465	17,762	14,257	14,728	14,703	14,858	15,042
PSC (1-2)	229,275	260,835	275,852	279,684	281,008	282,746	284,875
3. Less NZD claims on non residents	9,111	9,603	7,418	8,022	7,991	7,836	7,644
PSCR (PSC-3)	220,165	251,231	268,433	271,662	273,018	274,910	277,231
PSC excluding repos	227,038	259,100	275,049	278,833	280,109	282,053	284,155
PSCR excluding repos	219,093	249,937	267,823	270,912	272,319	274,401	276,658
4. Claims on Govt by M3 institutions	2,054	1,157	1,394	1,646	1,698	1,270	1,473
5. Claims on Govt by Reserve Bank	2,351	251	-2,345	-3,537	-3,605	615	213
DC (PSC+4+5)	233,681	262,242	274,900	277,794	279,101	284,631	286,560
DCR (PSCR+4+5)	224,570	252,639	267,482	269,772	271,111	276,795	278,917
1. Net foreign currency assets of M3 institutions	-44,751	-68,458	-71,568	-73,431	-71,610	-76,566	-74,607
2. Net foreign currency assets of the Reserve Bank	6,642	13,815	16,133	16,819	16,441	12,980	12,349
Net foreign currency assets NFCA (1+2)	-38,109	-54,643	-55,436	-56,612	-55,169	-63,585	-62,258
1. Capital & Reserves of M3 institutions	-19,994	-20,607	-22,327	-22,605	-22,252	-22,364	-22,581
2. Balance sheet items n.e.c. net	757	4,377	4,251	2,778	3,499	4,980	3,509
Residual items (1+2)	-19,237	-16,230	-18,076	-19,828	-18,753	-17,384	-19,072
M3 (DC + NFCA + Residual)	176,335	191,369	201,389	201,354	205,179	203,662	205,230

For more information download the historical data above.
Last updated 29 September 2008