[Skip to Navigation]

C3 Monetary and credit aggregates (NZ$ million)


                               
    Previous Years:   Monthly:
    Apr 2011   Apr 2012     Dec 2012   Jan 2013   Feb 2013   Mar 2013   Apr 2013
Notes and coin held by the public                              
1. Currency in circulation   4,335   4,421     5,052   4,644   4,605   4,763   4,634
2. Less currency held by M3 institutions   674   661     1,039   662   617   722   668
Notes and coin held by the public (1-2)   3,661   3,760     4,013   3,983   3,988   4,041   3,966
                               
M1                              
3. Transaction balances (cheque)   29,311   30,490     32,517   30,909   30,836   32,854   33,439
4. Less inter-institutional transaction balances (cheque)   0   2     -   -   0   28   4
5. Less Government transaction deposits   106   99     109   101   104   105   108
M1 (Notes & coin +3-4-5)   32,866   34,149     36,420   34,791   34,721   36,762   37,293
                               
M2                              
6. Transaction EFTPOS (excl.cheque)   11,956   13,579     15,985   15,942   15,967   16,063   16,396
7. Total other call funding   40,682   45,898     50,885   51,911   52,363   53,050   55,061
8. Less inter-institutional EFTPOS (excl.cheque)   -   -     -   -   -   -   -
9. Less other call inter-institutional funding   31   43     210   30   142   42   18
M2 (M1+6+7-8-9)   85,474   93,583     103,080   102,614   102,909   105,833   108,732
                               
M3 Broad money                              
10. NZD funding   242,250   254,600     266,109   264,775   266,101   267,495   271,990
11. Less NZD inter-institutional claims   14,263   13,798     15,227   16,062   14,218   13,248   15,209
12. Less Government deposits   921   870     1,284   1,263   1,491   1,296   1,183
M3 (Notes & coin +10-11-12)   230,727   243,691     253,611   251,432   254,381   256,992   259,564
13. Less NZD funding from non-residents   34,440   34,882     34,195   33,261   34,024   34,218   35,320
M3R (M3-13)   196,287   208,809     219,416   218,172   220,357   222,774   224,244
M3 excluding repos   229,033   241,799     252,070   249,935   252,981   256,083   258,764
M3R excluding repos   194,949   207,267     218,383   217,484   219,699   222,173   224,303
                               
Private Sector Credit                              
1. NZD claims (all surveyed institutions)   318,924   325,781     334,779   335,715   335,863   336,926   339,985
2. Less NZD inter-institutional claims   14,263   13,798     15,227   16,062   14,218   13,248   15,209
PSC (1-2)   304,662   311,983     319,553   319,653   321,645   323,679   324,777
3. Less NZD claims on non-residents   8,736   6,752     7,434   7,145   7,932   8,687   8,396
PSCR (PSC-3)   295,925   305,231     312,119   312,509   313,713   314,991   316,381
PSC excluding repos   301,671   307,350     316,126   317,033   318,629   321,180   322,822
PSCR excluding repos   295,057   301,009     309,396   310,321   310,963   312,938   314,776
                               
Domestic Credit                              
4. Claims on Govt by M3 institutions   14,696   17,186     15,231   13,308   13,584   12,539   12,264
5. Claims on Govt by Reserve Bank   -8,591   -5,543     -1,581   -4,399   -3,830   -2,592   -290
DC (PSC+4+5)   310,767   323,627     333,202   328,562   331,399   333,625   336,751
DCR (PSCR+4+5)   302,031   316,875     325,769   321,417   323,467   324,938   328,355
                               
Memo                              
1. Net foreign currency assets of M3 institutions   -77,156   -73,087     -66,653   -66,591   -65,604   -63,195   -60,674
2. Net foreign currency assets of the Reserve Bank   18,608   17,216     14,013   17,063   17,036   15,591   14,192
Net foreign currency assets NFCA (1+2)   -58,548   -55,871     -52,641   -49,528   -48,568   -47,603   -46,482
1. Capital & Reserves of M3 institutions   -26,098   -28,933     -31,481   -31,746   -32,004   -31,920   -32,292
2. Balance sheet items n.e.c. net   4,605   4,869     4,530   4,145   3,554   2,889   1,587
Residual items (1+2)   -21,493   -24,065     -26,950   -27,601   -28,450   -29,031   -30,705
M3 (DC+NFCA+Residual)   230,727   243,691     253,611   251,432   254,381   256,992   259,564
                               
                               
                               
Last updated 31 May 2013
Source: Reserve Bank of New Zealand