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NO.10 : Sources of money stock (M3)


                                                                                                                                                                              (Rs.crore)
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                                             Outstandings as on March 31/reporting Fridays of the
                                             month/last reporting Friday of the month
                  Source                     ------------------------------------------------------------------         ------------------------------------------------------------------------
                                             1990-91    1991-92    1992-93    1993-94    1994-95    1995-96    1996-97   Mar.15,  Mar.29,   Nov.     Dec.     Jan.     Feb.   Mar.14,  Mar.28,
                                                                                                                          1996     1996     1996     1996     1997     1997     1997     1997
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     1                                           2          3          4          5          6          7          8        9        10      11       12      13       14       15       16
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Net Bank Credit to Government (A+B)        140,193    158,263    176,238    203,918    222,419    257,778    288,294  254,908  254,673  281,012  282,535  283,716  284,598  289,165  284,503
   A.RBI's net credit to Government
     (i-ii)                                    88,848     94,016     98,449     99,300    101,478    121,349    123,463  120,197  118,289  126,949  126,081  119,054  117,614  124,366  119,672
    (i) Claims on Government (a+b)             90,534     96,098     99,547    101,486    102,451    123,848    124,980  120,263  118,361  127,014  126,143  119,119  117,682  124,435  119,769
       (a) Central Government (1)              88,444     94,348     97,621     98,969     99,886    121,267    122,773  119,276  118,056  126,289  125,199  118,166  116,856  122,623  118,625
       (b) State Governments                    2,090      1,750      1,926      2,517      2,565      2,581      2,207      987      305      725      944      953      826    1,812    1,144
     (ii) Government deposits with              1,686      2,082      1,098      2,186        973      2,499      1,517       66       72       65       62       65       68       69       97
           RBI (a+b)
       (a) Central Government                   1,686      2,082      1,098      2,186        973      2,499      1,262       54       54       52       50       53       54       60       53
       (b) State Governments                        -          -          -          -          -          -        255       12       18       13       12       12       14        9       44
   B.Other Banks' Credit to Government         51,345     64,247     77,789    104,618    120,941    136,429    164,831  134,711  136,384  154,063  156,454  164,662  166,984  164,799  164,831

2.  Bank Credit to Commercial Sector(A+B)     171,769    187,993    220,135    237,774    292,723    344,648    373,704  335,286  343,731  347,914  351,750  360,678  362,193  363,795  373,732

    A.RBI's credit to commercial sector (2)     6,342      7,260      6,220      6,445      6,593      6,855      6,247    6,486    6,524    6,277    6,274    6,265    6,228    6,230    6,275
    B.Other banks' credit to commercial       165,427    180,733    213,915    231,329    286,130    337,793    367,457  328,800  337,207  341,637  345,476  354,413  355,965  357,565  367,457
     sector (i+ii+iii)
     (i) Bank credit by commercial banks      116,350    125,649    152,044    164,465    211,606    254,016    276,531  248,034  254,016  256,494  259,411  267,289  267,929  269,328  276,531
    (ii) Bank credit by co-operative banks     22,927     26,424     30,809     33,813     41,046     48,932     55,890   46,740   48,446   50,407   51,508   52,500   53,459   53,596   55,890
   (iii) Investments by commercial             26,150     28,660     31,062     33,051     33,478     34,845     35,036   34,026   34,745   34,736   34,557   34,624   34,577   34,641   35,036
         and co-operative banks in
         other securities
3.  Net Foreign Exchange Assets of
    Banking Sector (A+B)                       10,581     21,226     24,443     54,487     77,785     78,404     99,177   79,638   80,535   89,613   89,698   90,209   89,282   92,729   96,578

A.RBI's net foreign exchange assets (i-ii)(3)   7,983     18,838     22,647     51,422     74,720     74,092     94,865   75,326   76,223   85,301   85,386   85,897   84,970   88,417   92,266
      (i) Gross foreign assets                 11,217     23,617     30,689     60,081     79,757     74,104     94,925   75,338   76,235   85,312   85,803   85,909   84,981   88,477   92,326
     (ii) Foreign liabilities                   3,234      4,779      8,042      8,659      5,037         12         60       12       12       11      417       12       11       60       60
    B.Other banks' net foreign                  2,598      2,388      1,796      3,065      3,065      4,312      4,312    4,312    4,312    4,312    4,312    4,312    4,312    4,312    4,312
      exchange assets
4.  Government's Currency
    Liabilities to the Public                   1,621      1,704      1,824      1,990      2,379      2,503      2,856    2,468    2,503    2,847    2,847    2,847    2,856    2,856    2,856

5.  Banking Sector's net Non-monetary
    Liabilities Other than Time Deposits
    (A+B)                                      58,336     52,137     55,815     63,762     63,880     79,326     65,975   82,515   76,680   66,859   67,508   65,536   60,570   65,588   58,616

   A.Net non-monetary liabilities of RBI(3)    27,022     27,415     28,246     26,037     29,358     32,296     34,465   34,838   34,898   37,070   36,986   36,772   34,106   34,391   34,225
    B.Net non-monetary liabilities of other
      banks(residual)                          31,314     24,722     27,569     37,725     34,522     47,030     31,510   47,677   41,782   29,789   30,522   28,764   26,464   31,197   24,391

M3 (1+2+3+4-5)                                265,828    317,049    366,825    434,407    531,426    604,007    698,056  589,785  604,762  654,527  659,322  671,914  678,359  682,957  699,053
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