Money Stock : Components and Sources

Date: May 20, 2011

(` crore)
Item	Outstanding as on		Variation over
	2011		Fortnight		Financial Year so far				Year-on-Year
	2011		Fortnight		2010-2011		2011-2012		2010		2011
	Mar. 31#	May 6#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1	2	3	4	5	6	7	8	9	10	11	12	13
M₃	64,91,756	66,48,565	7,617	0.1	83,474	1.5	1,56,809	2.4	7,46,892	15.1	9,62,359	16.9
Components (i+ii+iii+iv)
(i) Currency with the Public	9,14,170	9,58,017	10,993	1.2	47,032	6.1	43,847	4.8	1,17,718	16.9	1,43,493	17.6
(ii) Demand Deposits with Banks	7,13,735	6,46,208	–12,288	–1.9	–69,700	–9.7	–67,527	–9.5	95,772	17.3	–2,062	–0.3
(iii) Time Deposits with Banks	48,60,111	50,41,328	9,275	0.2	1,06,281	2.6	1,81,218	3.7	5,36,561	14.6	8,21,617	19.5
(iv) "Other" Deposits with Reserve Bank	3,740	3,011	–363	–10.8	–139	–3.6	–729	–19.5	–3,158	–46.1	–689	–18.6
Sources (i+ii+iii+iv-v)
(i) Net Bank Credit to Government (a+b)	19,72,422	20,15,445	18,953	0.9	47,093	2.8	43,023	2.2	3,53,449	25.9	2,99,165	17.4
(a) Reserve Bank	3,95,436	3,67,235	1,955		2,876		–28,201		1,71,972		1,52,773
(b) Other Banks	15,76,986	16,48,210	16,999	1.0	44,217	3.0	71,224	4.5	1,81,477	13.7	1,46,392	9.7
(ii) Bank Credit to Commercial Sector (a+b)	42,10,535	42,30,569	39,545	0.9	–14,639	–0.4	20,034	0.5	4,86,772	16.3	7,53,799	21.7
(a) Reserve Bank	2,164	1,595	270	—	—	—	–569	—	–11,451	—	267	—
(b) Other Banks	42,08,371	42,28,974	39,275	0.9	–14,639	–0.4	20,603	0.5	4,98,222	16.7	7,53,532	21.7
(iii) Net Foreign Exchange Assets of Banking Sector*	13,75,762	13,99,325	11,955	0.9	–2,234	–0.2	23,562	1.7	–49,495	–3.7	1,20,090	9.4
(iv) Government's Currency Liabilities to the Public	12,586	12,586	—	—	131	1.2	—	—	1,280	12.6	1,185	10.4
(v) Banking Sector's Net Non-Monetary Liabilities	10,79,549	10,09,360	62,837	6.6	–53,122	–6.2	–70,189	–6.5	45,113	6.0	2,11,880	26.6
of which:
Net Non-Monetary Liabilities of RBI	3,67,128	3,87,036	12,557	3.4	–5,157	–1.7	19,908	5.4	–85,440	–22.4	90,578	30.6
* Includes investments in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009. Note: Government Balances as on March 31, 2011 are before closure of accounts.