Supporting information:

C3 Monetary and credit aggregate components

($NZmillion)	*Previous years:*		*Monthly:*
Monetary aggregates	Jun 2006	Jun 2007	Feb 2008	Mar 2008	Apr 2008	May 2008	Jun 2008
1. Currency in circulation	3,348	3,360	3,561	3,660	3,611	3,532	3,447
2. Less currency held by M3 institutions	529	490	506	622	595	512	499
Notes and coin held by the public (1-2)	2,819	2,871	3,056	3,038	3,016	3,021	2,948
3. Transaction balances (cheque)	20,662	20,169	19,992	20,723	21,166	21,104	21,116
4. Less inter-institutional transaction balances (cheque)	1	12	-	6	11	46	42
5. Less Government transaction deposits	75	81	94	109	95	100	96
M1 (Notes & coin +3-4-5)	23,406	22,947	22,954	23,645	24,076	23,979	23,926
6. Transaction EFTPOS (excl. cheque)	13,968	13,076	11,893	11,812	11,485	11,236	11,290
7. Total other call funding	29,714	33,709	34,211	34,124	34,892	33,083	35,922
8. Less inter-institutional EFTPOS (excl. cheque)	-	-	-	-	-	-	-
9. Less other call inter-institutional funding	227	203	186	101	139	140	144
M2 (M1+6+7-8-9)	66,861	69,530	68,871	69,481	70,315	68,158	70,994
10. NZD funding	185,912	204,348	211,127	210,896	212,941	213,383	217,290
11. Less NZD inter-institutional claims	15,959	15,840	15,236	13,563	14,257	14,728	14,703
12. Less Government deposits	524	417	303	320	312	321	356
M3 (Notes & coin +10-11-12)	172,249	190,962	198,643	200,051	201,389	201,354	205,179
13. Less NZD funding from non-residents	36,417	40,979	40,394	37,821	38,922	38,522	40,548
M3R (M3-13)	135,832	149,983	158,249	162,230	162,467	162,832	164,631
M3 excluding repos	170,693	190,293	198,521	199,702	201,155	201,715	205,123
M3R excluding repos	135,855	149,950	158,290	162,175	162,505	163,528	164,757
Credit aggregates
1. NZD claims (all surveyed institutions)	239,473	270,149	288,919	288,829	290,159	294,463	295,778
2. Less NZD inter-institutional claims	15,959	15,840	15,236	13,563	14,257	14,728	14,703
PSC (1-2)	223,514	254,293	273,654	275,229	275,852	279,684	281,008
3. Less NZD claims on non residents	8,544	8,343	8,777	8,888	7,418	8,022	7,991
PSCR (PSC-3)	214,970	245,950	264,878	266,341	268,433	271,662	273,018
PSC excluding repos	221,366	252,957	272,287	273,909	275,049	278,833	280,109
PSCR excluding repos	213,882	244,999	264,198	265,956	267,823	270,912	272,319
4. Claims on Govt by M3 institutions	3,693	1,912	1,525	1,758	1,394	1,646	1,698
5. Claims on Govt by Reserve Bank	1,557	138	-2,443	-3,722	-2,345	-3,537	-3,605
DC (PSC+4+5)	228,763	256,343	272,736	273,264	274,900	277,794	279,101
DCR (PSCR+4+5)	220,219	248,000	263,959	264,377	267,482	269,772	271,111
1. Net foreign currency assets of M3 institutions	-45,949	-58,398	-68,549	-71,487	-71,568	-73,431	-71,610
2. Net foreign currency assets of the Reserve Bank	4,927	12,041	13,656	16,153	16,133	16,819	16,441
Net foreign currency assets NFCA (1+2)	-41,022	-46,357	-54,893	-55,333	-55,436	-56,612	-55,169
1. Capital & Reserves of M3 institutions	-19,424	-20,138	-20,922	-21,866	-22,327	-22,605	-22,252
2. Balance sheet items n.e.c. net	3,931	1,114	1,722	3,986	4,251	2,778	3,499
Residual items (1+2)	-15,492	-19,024	-19,200	-17,880	-18,076	-19,828	-18,753
M3 (DC + NFCA + Residual)	172,249	190,962	198,643	200,051	201,389	201,354	205,179

For more information download the historical data above.
Last updated 30 July 2008