No. 11 : Sources of Money Stock (M3) - RBI - Reserve Bank of India
No. 11 : Sources of Money Stock (M3)
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(Rs. crore) |
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Outstanding as on March 31/reporting Fridays of the |
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month/last reporting Friday of the month |
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Source |
1990-91 |
1997-98 |
1998-99 |
1999-2000 |
Mar. 12, |
Mar. 26, |
Nov. |
Dec. |
Jan. |
Feb. |
Mar. 10, |
Mar. 24, |
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1999 |
1999 |
1999 |
1999 |
2000 |
2000 |
2000 |
2000 |
1 |
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2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
1. |
Net Bank Credit to Government (A+B) * |
1,40,193 |
3,30,597 |
3,86,835 |
4,42,136 |
3,88,388 |
3,84,322 |
4,34,248 |
4,41,233 |
4,36,849 |
4,37,796 |
4,44,989 |
4,36,941 |
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A. |
RBI's net credit to Government (i-ii) * |
88,848 |
1,35,160 |
1,52,539 |
1,49,029 |
1,56,055 |
1,49,952 |
1,56,970 |
1,57,207 |
1,51,435 |
1,48,242 |
1,53,998 |
1,43,834 |
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(i) |
Claims on Government (a+b) |
90,534 |
1,37,839 |
1,55,466 |
1,49,570 |
1,56,117 |
1,50,020 |
1,57,111 |
1,57,348 |
1,51,576 |
1,48,384 |
1,54,139 |
1,43,976 |
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(a) Central Government (1) |
88,444 |
1,36,296 |
1,48,343 |
1,42,052 |
1,53,270 |
1,48,527 |
1,53,451 |
1,53,089 |
1,48,733 |
1,44,431 |
1,48,795 |
1,41,583 |
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(b) State Governments |
2,090 |
1,543 |
7,123 |
7,518 |
2,847 |
1,493 |
3,660 |
4,259 |
2,843 |
3,953 |
5,344 |
2,393 |
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(ii) |
Government deposits with |
1,686 |
2,679 |
2,927 |
541 |
62 |
68 |
141 |
141 |
141 |
142 |
141 |
142 |
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RBI (a+b) |
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(a) Central Government |
1,686 |
2,679 |
2,927 |
500 |
50 |
51 |
100 |
100 |
100 |
101 |
100 |
101 |
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(b) State Governments |
- |
- |
- |
41 |
12 |
17 |
41 |
41 |
41 |
41 |
41 |
41 |
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B. |
Other Banks' Credit to Government |
51,345 |
1,95,437 |
2,34,296 |
2,93,107 |
2,32,333 |
2,34,370 |
2,77,278 |
2,84,026 |
2,85,414 |
2,89,554 |
2,90,991 |
2,93,107 |
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2. |
Bank Credit to Commercial Sector(A+B) |
1,71,769 |
4,33,310 |
4,94,795 |
5,75,921 |
4,75,593 |
4,90,437 |
5,21,729 |
5,40,309 |
5,46,676 |
5,61,129 |
5,57,669 |
5,70,409 |
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A. |
RBI's credit to commercial sector (2) |
6,342 |
8,186 |
12,226 |
15,270 |
8,753 |
8,485 |
10,087 |
9,033 |
9,806 |
13,287 |
8,493 |
9,758 |
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B. |
Other banks' credit to commercial |
1,65,427 |
4,25,124 |
4,82,569 |
5,60,651 |
4,66,840 |
4,81,952 |
5,11,642 |
5,31,276 |
5,36,870 |
5,47,842 |
5,49,176 |
5,60,651 |
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sector (i+ii+iii) |
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(i) |
Bank credit by commercial banks |
1,16,350 |
3,24,079 |
3,68,837 |
4,34,182 |
3,55,240 |
3,68,837 |
3,94,048 |
4,10,463 |
4,14,553 |
4,23,937 |
4,25,392 |
4,34,182 |
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(ii) |
Bank credit by co-operative banks |
22,927 |
66,293 |
78,876 |
91,097 |
76,205 |
78,308 |
81,916 |
85,438 |
87,003 |
88,156 |
88,036 |
91,097 |
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(iii) |
Investments by commercial and |
26,150 |
34,752 |
34,856 |
35,372 |
35,395 |
34,807 |
35,678 |
35,375 |
35,314 |
35,749 |
35,748 |
35,372 |
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co-operative banks in other securities |
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3. |
Net Foreign Exchange Assets of |
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Banking Sector (A+B) |
10,581 |
1,38,095 |
1,76,778 |
1,94,433 |
1,70,532 |
1,72,547 |
1,75,143 |
1,80,461 |
1,80,561 |
1,83,826 |
1,87,772 |
1,92,164 |
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A. |
RBI's net foreign exchange assets (i-ii)(3) |
7,983 |
1,15,891 |
1,37,954 |
1,65,880 |
1,31,121 |
1,33,723 |
1,47,615 |
1,51,908 |
1,52,008 |
1,55,273 |
1,59,219 |
1,63,611 |
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(i) |
Gross foreign assets |
11,217 |
1,15,901 |
1,37,971 |
1,65,897 |
1,31,138 |
1,33,740 |
1,47,632 |
1,51,925 |
1,52,025 |
1,55,290 |
1,59,236 |
1,63,628 |
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(ii) |
Foreign liabilities |
3,234 |
10 |
17 |
17 |
17 |
17 |
17 |
17 |
17 |
17 |
17 |
17 |
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B. |
Other banks' net foreign exchange assets |
2,598 |
22,204 |
38,824 |
28,553 |
39,411 |
38,824 |
27,528 |
28,553 |
28,553 |
28,553 |
28,553 |
28,553 |
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4. |
Government's Currency Liabilities |
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to the Public |
1,621 |
3,352 |
3,846 |
4,194 |
3,795 |
3,846 |
4,188 |
4,194 |
4,194 |
4,194 |
4,194 |
4,194 |
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5. |
Banking Sector's net Non-monetary |
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Liabilities Other than Time Deposits (A+B) |
58,336 |
84,022 |
83,621 |
1,04,977 |
82,634 |
72,506 |
69,429 |
77,501 |
79,276 |
81,792 |
85,670 |
88,291 |
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A. |
Net non-monetary liabilities of RBI(3) |
27,022 |
43,282 |
60,481 |
70,916 |
60,159 |
59,824 |
66,557 |
66,905 |
68,201 |
69,780 |
70,612 |
71,714 |
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B. |
Net non-monetary liabilities of other |
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banks (residual) |
31,314 |
40,740 |
23,140 |
34,061 |
22,475 |
12,682 |
2,872 |
10,596 |
11,075 |
12,012 |
15,058 |
16,577 |
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M3 ( 1 + 2 + 3 + 4 - 5 ) |
2,65,828 |
8,21,332 |
9,78,633 |
11,11,707 |
9,55,674 |
9,78,646 |
10,65,879 |
10,88,696 |
10,89,004 |
11,05,153 |
11,08,954 |
11,15,417 |
* : Government Balances as on March 31, 2000 are before closure of accounts. |