NO. 11 : SOURCES OF MONEY STOCK (M3)

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ప్రచురించబడిన తేదీ సెప్టెంబర్ 05, 1998

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NO. 11 : SOURCES OF MONEY STOCK (M3)

				(Rs. crore)

				Outstanding as on March 31/reporting Fridays of the
Sources				month/last reporting Friday of the month
				1990-91	1992-93	1993-94	1994-95	1995-96	1996-97	1997-98	July 4.	July 18.
											1997	1997

1				2	3	4	5	6	7	8	9	10

1.	Net Bank Credit to Government
	(A+B)			1,40,193	1,76,238	2,03,918	2,22,419	2,57,778	2,88,620	3,30,619	3,14,011	3,13,264

A.	RBI's net credit to Government
	(i-ii)			88,848	98,449	99,300	1,01,478	1,21,349	1,24,181	1,35,159	1,27,368	1,24,004

	(i)	Claims on Government (a+b)		90,534	99,547	1,01,486	1,02,451	1,23,848	1,26,252	1,37,838	1,27,434	1,24,070

		(a)	Central Government (1)	88,444	97,621	98,969	99,886	1,21,267	1,22,773	1,36,295	1,27,430	1,23,764

		(b)	State Government's	2,090	1,926	2,517	2,565	2,581	3,479	1,543	4	306

	(ii)	Government deposits with		1,686	1,098	2,186	973	2,499	2,071	2,679	66	66
		RBI (a+b)

		(a)	Central Government	1,686	1,098	2,186	973	2,499	2,071	2,679	51	50

		(b)	State Government's	-	-	-	-	-	-	-	15	16

B.		Other Banks'' Credit to
		Government		51,345	77,789	1,04,618	1,20,941	1,36,429	1,64,439	1,95,460	1,86,643	1,89,260

2.		Bank Credit to Commercial		1,71,769	2,20,135	2,37,774	2,92,723	3,44,648	3,76,307	4,32,190	3,77,127	3,76,677
		Sector(A+B)

A.		RBI's credit to commercial sector
		(2)		6,342	6,220	6,445	6,593	6,855	6,247	8,186	7,731	7,731

B.		Other Banks' credit to commercial		1,65,427	2,13,915	2,31,329	2,86,130	3,37,793	3,70,060	4,24,004	3,69,396	3,68,946
		sector (i+ii+iii)

		(i) Bank credit by commercial banks		1,16,350	1,52,044	1,64,465	2,11,606	2,54,016	2,78,402	3,24,079	2,78,589	2,77,322

		(ii) Bank credit by co-operative banks		22,927	30,809	33,813	41,046	48,932	57,476	64,752	57,032	57,819

		(iii) Investments by commercial		26,150	31,062	33,051	33,478	34,845	34,182	35,173	33,775	33,805
		and co-operative banks in
		other securities

3.	Net Foreign Exchange Assets of
	Banking Sector (A+B)			10,581	24,443	54,612	79,032	82,141	1,05,496	1,26,569	1,15,612	1,15,965

A.	RBI's net foreign exchange assets
	(i-ii)(3)			7,983	22,647	51,422	74,720	74,092	94,817	1,15,890	1,04,933	1,05,286

	(i)	Gross foreign assets		11,217	30,689	60,081	79,757	74,104	94,925	1,15,900	1,04,946	1,05,299

	(ii)	Foreign liabilities		3,234	8,042	8,659	5,037	12	108	10	13	13

B.	Other Banks' net foreign			2,598	1,796	3,190	4,312	8,049	10,679	10,679	10,679	10,679
	exchange assets

4.	Government's Currency
	Liabilities to the Public			1,621	1,824	1,990	2,379	2,503	2,918	3,120	3,025	3,062

5.	Banking Sector's net Non-monetary
	Liabilities Other than Time Deposits
	(A+B)			58,336	55,815	63,887	65,127	83,063	71,493	67,109	78,298	76,434

A.	Net non-monetary liabilities of RBI(3)			27,022	28,246	26,037	29,358	32,296	35,183	43,219	39,472	39,012

B.	Net non-monetary liabilities of other
	banks(residual)			31,314	27,569	37,850	35,769	50,767	36,310	23,890	38,826	37,422

M₃ (1+2+3+4-5)				2,65,828	3,66,825	4,34,407	5,31,426	6,04,007	7,01,848	8,25,389	7,31,477	7,32,534

See 'Notes on Tables'.

NO.11 : SOURCES OF MONEY STOCK (M₃)(Contd.)

				(Rs. crore)

				Outstanding as on March 31/reporting Fridays of the
Sources				month/last reporting Friday of the month
				Aug.1,	March	April	May	June	July 3,	July 17,	July 31,
				1997	1998	1998	1998	1998	1998	1998	1998

1				11	12	13	14	15	16	17	18

1.	Net Bank Credit to Government (A+B)			3,13,034	3,30,619	3,36,085	3,49,740	3,60,138	3,65,009	3,67,185	3,66,697

A.	RBI's net credit to Government
	(i-ii)			1,18,080	1,35,159	1,29,216	1,42,112	1,50,342	1,48,831	1,53,712	1,50,672

	(i)	Claims on Government (a+b)		1,18,149	1,37,838	1,29,281	1,42,177	1,50,404	1,48,895	1,53,774	1,50,737

		(a)	Central Government (1)	1,18,113	1,36,295	1,28,926	1,41,715	1,48,829	1,48,397	1,52,387	1,49,983

		(b)	State Government's	36	1,543	355	462	1,575	498	1,387	754

	(ii)	Government deposits with		69	2,679	65	65	62	64	62	65
		RBI (a+b)

		(a)	Central Government	50	2,679	50	51	50	50	50	51

		(b)	State Government's	19	-	15	14	12	14	12	14

B.	Other Banks' Credit to Government			1,94,954	1,95,460	2,06,869	2,07,628	2,09,796	2,16,178	2,13,473	2,16,025

2.	Bank Credit to Commercial			3,76,585	4,32,190	4,31,636	4,29,830	4,28,627	4,31,486	4,32,365	4,32,923
	Sector(A+B)

A.	RBI's credit to commercial sector (2)			7,727	8,186	8,201	8,367	8,439	8,428	8,430	8,469

B.	Other Banks' credit to commercial			3,68,858	4,24,004	4,23,435	4,21,463	4,20,188	4,23,058	4,23,935	4,24,454
	sector (i+ii+iii)

	(i)	Bank credit by commercial banks		2,77,465	3,24,079	3,22,846	3,20,974	3,19,022	3,21,994	3,22,927	3,22,566

	(ii)	Bank credit by co-operative banks		57,611	64,752	64,982	64,790	65,663	65,744	65,734	66,428

	(iii)	Investments by commercial		33,782	35,173	35,607	35,699	35,503	35,320	35,274	35,460
		and co-operative banks in
		other securities

3.	Net Foreign Exchange Assets of
	Banking Sector (A+B)			1,16,859	1,26,569	1,26,884	1,27,044	1,26,234	1,25,668	1,25,817	1,25,663

A.	RBI's net foreign exchange assets
	(i-ii)(3)			1,06,180	1,15,890	1,16,205	1,16,365	1,15,555	1,14,989	1,15,138	1,14,984

	(i)	Gross foreign assets		1,06,193	1,15,900	1,16,215	1,16,375	1,15,565	1,15,006	1,15,155	1,15,001

	(ii)	Foreign liabilities		13	10	10	10	10	17	17	17

B.	Other Banks' net foreign			10,679	10,679	10,679	10,679	10,679	10,679	10,679	10,679
	exchange assets

4.	Government's Currency
	Liabilities to the Public			3,062	3,120	3,241	3,241	3,241	3,241	3,241	3,241

5.	Banking Sector's net Non-monetary
	Liabilities Other than Time Deposits
	(A+B)			74,946	67,109	60,182	63,841	62,837	67,856	69,566	66,901

A.	Net non-monetary liabilities of RBI(3)			37,514	43,219	46,312	49,157	53,887	58,260	58,851	58,301

B.	Net non-monetary liabilities of other
	banks(residual)			37,432	23,890	13,870	14,684	8,950	9,596	10,715	8,600

M₃ (1+2+3+4-5)				7,34,594	8,25,389	8,37,664	8,46,014	8,55,403	8,57,548	8,59,042	8,61,623