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Supporting information:

C3 Monetary and credit aggregate components


(NZ$ million)   Previous Years:   Monthly:
Monetary aggregates   Jun 2008   Jun 2009     Feb 2010   Mar 2010   Apr 2010   May 2010   Jun 2010
1. Currency in circulation   3,447   3,922     4,030   4,198   3,981   3,956   3,937
2. Less currency held by M3 institutions   499   594     553   677   529   555   519
Notes and coin held by the public (1-2)   2,948   3,328     3,477   3,521   3,452   3,402   3,418
3. Transaction balances (cheque)   21,116   20,111     19,865   20,798   20,940   20,287   19,682
4. Less inter-institutional transaction balances (cheque)   42   0     0   0   0   0   0
5. Less Government transaction deposits   96   130     115   142   124   136   130
M1 (Notes & coin +3-4-5)   23,926   23,308     23,228   24,177   24,268   23,553   22,971
6. Transaction EFTPOS (excl.cheque)   11,290   12,223     11,356   11,466   11,943   11,391   11,203
7. Total other call funding   35,922   38,907     39,422   37,938   37,213   38,815   37,280
8. Less inter-institutional EFTPOS (excl.cheque)   -   -     -   -   -   -   -
9. Less other call inter-institutional funding   144   269     353   214   296   263   220
M2 (M1+6+7-8-9)   70,994   74,170     73,653   73,367   73,128   73,496   71,233
10. NZD funding   217,289   225,381     216,379   218,166   219,526   219,014   213,628
11. Less NZD inter-institutional claims   14,703   16,786     13,960   14,962   14,696   15,244   12,066
12. Less Government deposits   356   660     467   608   591   604   611
M3 (Notes & coin +10-11-12)   205,178   211,263     205,430   206,118   207,692   206,568   204,370
13. Less NZD funding from non-residents   40,529   39,181     35,478   35,931   35,866   35,615   35,588
M3R (M3-13)   164,649   172,081     169,952   170,186   171,826   170,953   168,782
M3 excluding repos   205,122   207,103     205,466   206,131   207,779   205,996   204,146
M3R excluding repos   164,775   168,120     170,054   170,221   171,970   170,447   168,621
Credit aggregates                              
1. NZD claims (all surveyed institutions)   295,710   304,648     303,232   303,311   304,072   306,508   302,329
2. Less NZD inter-institutional claims   14,703   16,786     13,960   14,962   14,696   15,244   12,066
PSC (1-2)   281,007   287,862     289,272   288,349   289,377   291,264   290,264
3. Less NZD claims on non-residents   7,991   7,110     8,257   7,983   8,312   9,123   9,020
PSCR (PSC-3)   273,017   280,751     281,014   280,366   281,064   282,141   281,243
PSC excluding repos   280,108   286,989     288,527   287,709   288,685   290,227   288,423
PSCR excluding repos   272,318   280,185     280,537   279,980   280,417   281,360   280,631
4. Claims on Covt by M3 institutions   1,698   6,853     10,725   10,762   11,315   11,153   11,090
5. Claims on Govt by Reserve Bank   -6,328   -7,736     -4,365   -4,934   -3,088   -5,785   -6,331
DC (PSC+4+5)   276,377   286,979     295,632   294,177   297,604   296,632   295,022
DCR (PSCR+4+5)   268,386   279,869     287,375   286,194   289,292   287,509   286,002
1. Net foreign currency assets of M3 institutions   -71,610   -75,577     -89,616   -85,549   -84,265   -88,838   -89,580
2. Net foreign currency assets of the Reserve Bank   16,152   13,938     15,431   14,770   14,821   17,924   17,082
Net foreign currency assets NFCA (1+2)   -55,458   -61,639     -74,185   -70,779   -69,444   -70,914   -72,498
1. Capital & Reserves of M3 institutions   -24,185   -23,598     -23,782   -23,887   -24,082   -24,460   -23,980
2. Balance sheet items n.e.c. net   8,445   9,521     7,765   6,606   3,613   5,310   5,825
Residual items (1+2)   -15,741   -14,077     -16,017   -17,280   -20,469   -19,150   -18,155
M3 (DC+NFCA+Residual)   205,178   211,263     205,430   206,118   207,692   206,568   204,370
                               
For more information download the historical data above.
Last updated 29 July 2010