Money Stock : Components and Sources

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Date: July 02, 2010

(Rs. crore)
Item	Outstanding as on		Variation over
	2010		Fortnight		Financial year so far				Year-on-year
	2010		Fortnight		2009-2010		2010-2011		2009		2010
	Mar. 31#	Jun. 18#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1	2	3	4	5	6	7	8	9	10	11	12	13
M₃	55,99,762	56,77,076	–12,699	–0.2	1,63,787	3.4	77,314	1.4	8,51,434	20.7	7,18,477	14.5
Components (i+ii+iii+iv)
(i) Currency with the Public	7,68,033	8,32,414	5,749	0.7	24,913	3.7	64,381	8.4	86,180	14.3	1,42,052	20.6
(ii) Demand Deposits with Banks	7,22,739	6,34,593	–12,880	–2.0	–40,911	–6.9	–88,146	–12.2	48,730	9.8	86,815	15.8
(iii)Time Deposits with Banks	41,05,151	42,06,289	–5,710	–0.1	1,75,739	5.0	1,01,138	2.5	7,11,852	23.7	4,95,445	13.4
(iv) "Other" Deposits with
Reserve Bank	3,839	3,780	141	3.9	4,046	72.6	–59	–1.5	4,672	94.5	–5,836	–60.7
Sources (i+ii+iii+iv-v)
(i) Net Bank Credit to Government (a+b)	16,67,096	17,08,148	–7,922	–0.5	1,20,816	9.5	41,051	2.5	4,62,507	49.4	3,09,999	22.2
(a) Reserve Bank	2,11,586	2,27,382	13,569		–11,145		15,796		1,63,657		1,76,947
(b) Other Banks	14,55,511	14,80,766	–21,491	–1.4	1,31,961	10.9	25,255	1.7	2,98,851	28.5	1,33,051	9.9
(ii) Bank Credit to Commercial Sector (a+b)	34,92,781	35,58,423	27,913	0.8	–7,232	–0.2	65,642	1.9	3,97,861	15.2	5,50,762	18.3
(a) Reserve Bank	1,328	1,478	150	—	–1,075	—	150	—	11,337	—	–11,266	—
(b) Other Banks	34,91,453	35,56,945	27,763	0.8	–6,156	–0.2	65,492	1.9	3,86,524	14.8	5,62,028	18.8
(iii)Net Foreign Exchange
Assets of Banking Sector*	12,81,469	12,96,082	9,200	0.7	–37,923	–2.8	14,613	1.1	–47,729	–3.5	–18,179	–1.4
(iv) Government's Currency
Liabilities to the Public	11,270	11,508	—	—	254	2.5	238	2.1	859	9.1	1,200	11.6
(v) Banking Sector's Net Non-Monetary Liabilities	8,52,854	8,97,085	41,891	4.9	–87,872	–10.2	44,231	5.2	37,935	–4.7	1,25,305	16.2
of which :
Net Non-Monetary Liabilities of RBI	3,01,615	3,17,429	9,538	3.1	1,662	0.4	15,814	5.2	82,001	26.7	–72,162	–18.5
* : Includes investments in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009. Note : Government Balances as on March 31, 2010 are after closure of accounts.