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Detailed Monetary Survey

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Unit Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
NET FOREIGN ASSETS EC$M 12,462.83 12,335.42 12,453.21 12,423.35 13,396.33
Central Bank (Net) EC$M 5,200.09 5,141.80 5,357.59 5,242.28 5,144.96
Central Bank Foreign Assets EC$M 5,272.82 5,214.81 5,431.10 5,325.73 5,222.93
Central Bank Foreign Liabilities EC$M 72.74 73.01 73.52 83.44 77.97
Commercial Banks (net) EC$M 7,262.74 7,193.62 7,095.62 7,181.06 8,251.36
Commerical Banks Foreign Assets EC$M 9,530.01 9,433.36 9,271.82 9,611.34 10,501.40
Commerical Banks Foreign Liabilities EC$M 2,267.26 2,239.73 2,176.20 2,430.28 2,250.04
NET DOMESTIC ASSETS EC$M 7,163.33 7,191.43 6,995.65 7,517.47 7,280.09
 Domestic Credit EC$M 10,747.96 10,826.99 10,725.14 11,206.73 11,241.47
Net Credit to General Government (A) + (B) + (C ) + (D) EC$M -1,425.34 -1,523.92 -1,797.70 -1,504.99 -1,571.68
(A) Net Credit to Central Government EC$M 101.37 -155.63 -379.88 -134.91 -133.44
(B) Net Credit to Local Government EC$M 277.88 340.12 341.30 351.34 337.98
(C) Net Credit to National Insurance Scheme EC$M -1,672.75 -1,572.76 -1,615.89 -1,588.05 -1,627.23
(D) Net Credit to Public Nonfinancial Corporations Group1 (PNFC1) EC$M -131.84 -135.65 -143.22 -133.37 -149.00
Credit to General Government EC$M 2,843.34 2,814.18 2,706.45 2,724.30 2,818.75
Central Bank Credit EC$M 377.86 312.83 258.02 279.56 275.42
Central Bank Loans and Advances EC$M 152.26 92.76 49.06 62.47 62.00
Advances to Government EC$M 152.26 92.76 49.06 62.47 62.00
Advances to Government EC$M 66.51 53.31 49.06 58.70 56.24
Government Operating Accounts EC$M 85.74 39.46 0.00 3.77 5.76
Central Bank Loans EC$M 0.00 0.00 0.00 0.00 0.00
Central Bank's Treasury Bill Holdings EC$M 0.00 0.00 0.00 0.00 0.00
Central Bank's Debenture Holdings EC$M 225.60 220.06 208.96 217.09 213.43
Central Bank Interest Due on Securities EC$M 0.00 0.00 0.00 0.00 0.00
Interest Receivable/Accrued Interest on Government Securities EC$M 0.00 0.00 0.00 0.00 0.00
Central Bank Special Deposit Arrears EC$M 0.00 0.00 0.00 0.00 0.00
Commercial Bank Credit EC$M 2,465.48 2,501.35 2,448.43 2,444.74 2,543.32
To Central Government EC$M 2,035.77 2,011.72 1,960.53 1,953.00 2,051.74
Commercial Banks' Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 1,067.36 1,030.73 1,073.08 1,037.55 1,138.52
Total Investments EC$M 968.41 980.99 887.45 915.44 913.22
Commercial Banks' Treasury Bills Holdings EC$M 385.48 383.79 403.47 381.88 374.17
Commercial Banks' Other Govt Securities EC$M 581.75 595.98 482.78 532.39 537.88
Commercial Banks' Equity and Investment Fund Shares EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 1.18 1.18 1.18 1.18 1.18
Settlement Accounts Receivable EC$M 0.00 0.05 0.03 0.00 0.00
Local Government EC$M 322.05 374.05 376.16 381.26 380.27
Commercial Banks' Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 272.02 268.95 270.61 276.45 274.46
Total Investments EC$M 50.04 105.11 105.54 104.81 105.81
Commercial Banks' Treasury Bills Holdings EC$M 29.87 30.53 30.08 30.23 30.38
Commercial Banks' Other Govt Securities EC$M 20.17 74.58 75.47 74.58 75.43
Commercial Banks' Equity and Investment Fund Shares EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 0.00 0.00 0.00 0.00 0.00
To National Insurance Scheme EC$M 0.56 0.02 0.04 0.03 0.05
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 0.04 0.02 0.04 0.03 0.05
Investments EC$M 0.53 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 0.00 0.00 0.00 0.00 0.00
To Public Nonfinancial Corporations Group 1 (PNFC1) EC$M 107.10 115.56 111.71 110.46 111.26
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 90.28 99.91 96.16 96.07 96.98
Investments EC$M 16.83 15.65 15.56 14.39 14.28
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Liabilities to General Government EC$M 4,268.68 4,338.10 4,504.15 4,229.29 4,390.43
Liabilities to Central Government EC$M 2,312.26 2,480.18 2,598.42 2,367.47 2,460.60
At the Commercial Banks EC$M 2,104.38 2,178.82 2,122.03 2,016.95 2,103.03
Deposits EC$M 2,102.63 2,176.05 2,118.69 2,011.84 2,097.53
Borrowings/Loans EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Payable EC$M 0.27 0.25 0.29 0.33 0.36
Settlement Accounts EC$M 1.48 2.53 3.05 4.78 5.14
At the Central Bank EC$M 207.88 301.36 476.40 350.52 357.57
Govt Deposits, Call Acc & Fixed Deposits EC$M 89.89 156.19 336.42 239.95 187.96
Sinking Fund Call Account EC$M 7.92 12.82 8.51 8.89 9.42
Gov't of St Kitts and Nevis Banking Sector Reserve Fund EC$M 0.00 0.00 0.00 0.00 0.00
Govt Operating Accounts EC$M 23.72 44.11 45.92 16.50 71.79
Profit Equalisation EC$M 0.00 0.00 0.00 0.00 0.00
Fiscal Reserves Facility - Tranche II EC$M 56.00 56.00 56.00 56.00 56.00
Govt Disaster Mitigation Loan Accounts EC$M 0.00 0.00 0.00 0.00 0.00
Govt Bonds Proceeds Issued Accounts EC$M 0.00 0.00 0.00 0.00 0.00
Govt Securities Proceeds Issued Accounts EC$M 0.00 1.74 0.00 0.00 0.00
Government OECS Pharmaceutical Procurement Service Accounts EC$M 9.56 9.88 9.06 4.97 9.70
Government EC Partial Credit Guarantee Accounts EC$M 19.79 19.78 19.80 20.87 21.09
Government EC Civil Aviation Authority Accounts EC$M 0.00 0.00 0.00 0.00 0.00
Government OECS Operating Accounts EC$M 0.99 0.83 0.69 3.34 1.60
Liabilities to Local Government EC$M 44.18 33.93 34.86 29.92 42.29
At the Commercial Banks EC$M 44.18 33.93 34.86 29.92 42.29
Deposits EC$M 44.18 33.93 34.86 29.92 42.29
Borrowings/Loans EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Payable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts EC$M 0.00 0.00 0.00 0.00 0.00
At the Central Bank EC$M 0.00 0.00 0.00 0.00 0.00
Local Govt Operating Accounts EC$M 0.00 0.00 0.00 0.00 0.00
Local Govt Fixed Deposits EC$M 0.00 0.00 0.00 0.00 0.00
Liabilities to National Insurance Scheme EC$M 1,673.31 1,572.78 1,615.93 1,588.07 1,627.28
Deposits EC$M 1,637.53 1,537.87 1,567.67 1,540.74 1,586.22
Borrowings/Loans EC$M 34.40 33.65 47.10 46.25 40.08
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Payable EC$M 1.37 1.26 1.14 1.09 0.97
Settlement Accounts EC$M 0.00 0.00 0.02 0.00 0.02
Public Nonfinancial Corporations Group 1 (PNFC1) EC$M 238.94 251.21 254.93 243.83 260.25
Deposits EC$M 237.71 250.20 254.03 242.90 259.13
Borrowings/Loans EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Payable EC$M 0.81 1.02 0.91 0.93 1.12
Settlement Accounts EC$M 0.43 0.00 0.00 0.00 0.00
CLAIMS ON OTHER SECTORS EC$M 12,173.30 12,350.91 12,522.84 12,711.72 12,813.15
CLAIMS ON OTHER FINANCIAL CORPORATIONS EC$M 397.82 390.48 417.26 458.86 410.56
Public Financial Corporations EC$M 89.02 73.86 73.99 74.46 75.08
At the Commercial Banks EC$M 89.02 73.86 73.99 74.46 75.08
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 42.54 41.42 41.55 39.32 38.05
Investments EC$M 46.48 32.44 32.44 35.14 37.03
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Other Financial Corporations (NON Deposit Taking) EC$M 308.80 316.62 343.27 384.40 335.48
At the Commercial Banks EC$M 277.53 287.51 314.29 355.48 304.32
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 34.11 34.36 50.09 49.01 45.12
Investments EC$M 222.64 236.39 257.04 250.87 250.06
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 19.54 15.26 5.92 54.41 7.79
Insurance and Technical Reserves Premium EC$M 1.24 1.51 1.24 1.20 1.35
At Central Bank EC$M 31.27 29.11 28.98 28.91 31.16
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 4.09 1.67 1.70 2.30 2.66
Investments EC$M 26.95 26.95 26.95 26.48 28.28
Insurance Technical Reserves EC$M 0.23 0.49 0.32 0.13 0.23
CLAIMS ON PUBLIC NON-FINANCIAL CORPORATIONS (PNFC2) EC$M 377.30 418.38 460.62 490.52 524.42
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 376.72 417.79 460.04 489.93 523.83
Investments EC$M 0.58 0.58 0.58 0.59 0.59
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Accounts Receivable EC$M 0.00 0.00 0.00 0.00 0.00
CLAIMS ON PRIVATE SECTOR EC$M 11,398.18 11,542.06 11,644.96 11,762.34 11,878.17
Households Credit EC$M 7,393.66 7,330.03 7,404.57 7,537.63 7,626.40
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 7,393.44 7,329.88 7,404.45 7,537.53 7,626.31
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Account Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Central Bank Credit EC$M 0.22 0.15 0.12 0.10 0.09
Non Profit Institutions Serving Households (NPISHs) Credit EC$M 24.75 24.88 23.76 23.43 22.53
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 24.75 24.88 23.76 23.43 22.53
Investments EC$M 0.00 0.00 0.00 0.00 0.00
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances EC$M 0.00 0.00 0.00 0.00 0.00
Settlement Account Receivable EC$M 0.00 0.00 0.00 0.00 0.00
Other Nonfinancial Corporations (Business) Credit EC$M 3,979.77 4,187.15 4,216.63 4,201.28 4,229.24
At the Commercial Banks EC$M 3,979.75 4,187.13 4,216.61 4,201.26 4,229.22
Loans and Advances, Overdrafts, Repos, Bills Discounted and Credit Cards EC$M 3,891.29 4,092.54 4,117.76 4,085.22 4,109.25
Investments EC$M 86.76 90.85 96.90 114.26 117.90
Financial Derivatives EC$M 0.00 0.00 0.00 0.00 0.00
Trade Credit and Advances EC$M 0.95 0.00 1.01 0.81 1.05
Settlement Account Receivable EC$M 0.75 3.73 0.95 0.97 1.02
At Central Bank EC$M 0.02 0.02 0.02 0.02 0.02
Other Items (Net) EC$M -3,584.62 -3,635.56 -3,729.49 -3,689.26 -3,961.38
MONETARY LIABILITIES (M2) EC$M 19,626.16 19,526.85 19,448.86 19,940.82 20,676.38
MONEY SUPPLY (M1) EC$M 7,033.11 7,057.14 7,062.28 7,360.69 7,555.45
Currency with the Public EC$M 1,225.83 1,215.97 1,205.93 1,302.30 1,298.40
Currency in Circulation EC$M 1,491.61 1,496.13 1,487.10 1,653.44 1,573.39
Currency in Circulation (ECCB) EC$M 1,489.05 1,493.56 1,484.54 1,650.87 1,570.82
Currency in Circulation (BCCB) EC$M 2.56 2.56 2.56 2.56 2.56
less Cash at Commercial Banks EC$M 265.78 280.16 281.18 351.14 274.99
Transferable Deposits (EC$) EC$M 5,807.28 5,841.17 5,856.36 6,058.39 6,257.06
Other Financial Corporations Transferable Deposits EC$ EC$M 420.20 392.76 434.17 463.26 420.81
At Commercial Banks EC$M 356.99 334.84 371.93 384.52 368.80
At Central Bank EC$M 63.21 57.92 62.24 78.74 52.02
Public Financial Corporations Transferable Deposits EC$ EC$M 19.17 39.21 15.02 48.74 50.22
At Commercial Banks EC$M 19.16 39.21 15.00 48.69 50.15
At Central Bank EC$M 0.01 0.00 0.03 0.05 0.07
Public Nonfinancial Corporations Transferable Deposits EC$ EC$M 346.23 340.97 313.44 346.14 440.76
At Commercial Banks EC$M 346.21 340.95 313.42 346.12 440.74
At Central Bank EC$M 0.02 0.02 0.02 0.02 0.02
Private Sector Demand Deposits and EC Cheques and Drafts Issued EC$ EC$M 5,021.68 5,068.23 5,093.73 5,200.25 5,345.26
Households EC$M 2,417.55 2,395.37 2,383.97 2,365.53 2,380.45
Non-Profit Institutions Serving Households (NPISH) EC$M 89.09 86.32 95.21 82.52 93.52
Other Nonfinancial Corporations EC$M 2,515.04 2,586.55 2,614.54 2,752.21 2,871.29
At Commercial Banks EC$M 2,515.02 2,586.52 2,614.52 2,752.19 2,871.27
At Central Bank EC$M 0.02 0.02 0.02 0.02 0.02
QUASI MONEY EC$M 12,593.06 12,469.70 12,386.58 12,580.13 13,120.93
Other Deposits (EC$) EC$M 9,113.94 9,216.19 9,268.30 9,305.39 9,546.45
Other Financial Corporations EC Dollar Deposits EC$M 446.57 454.95 456.57 473.46 463.80
Savings Deposits EC$M 34.89 37.75 36.40 37.81 40.39
Fixed-Time-Non-Negotiable CDs EC$M 411.69 417.20 420.17 435.65 423.41
Negotiable CDs EC$M 0.00 0.00 0.00 0.00 0.00
Public Financial Corporations EC Dollar Deposits EC$M 57.88 71.93 79.05 70.99 78.08
At Commercial Banks EC$M 57.88 71.93 79.05 70.99 78.08
Savings Deposits EC$M 46.22 52.76 56.16 51.12 51.06
Fixed-Time-Non-Negotiable CDs EC$M 11.66 19.17 22.90 19.87 27.02
Negotiable CDs EC$M 0.00 0.00 0.00 0.00 0.00
At Central Bank EC$M 0.00 0.00 0.00 0.00 0.00
Public Nonfinancial Corporations Group 2 (PNFC2) EC Dollar Deposits EC$M 120.17 121.24 149.73 135.43 145.50
Savings Deposits EC$M 31.63 33.24 34.50 35.48 36.85
Fixed-Time-Non-Negotiable CDs EC$M 88.55 88.00 115.24 99.95 108.65
Negotiable CDs EC$M 0.00 0.00 0.00 0.00 0.00
Private Sector Deposits EC$M 8,489.32 8,568.07 8,582.94 8,625.51 8,859.06
Households Savings Deposits EC$M 7,362.46 7,457.49 7,493.46 7,546.29 7,702.07
Non-Profit Institutions Serving Households (NPISH) Savings Deposits EC$M 35.78 36.79 32.09 31.62 30.78
Other Nonfinancial Corporations Savings Deposits EC$M 205.02 204.36 211.16 191.58 195.41
Households Fixed-Time-Non-Negotiable CDs EC$M 711.64 698.41 673.59 664.41 665.18
Non-Profit Institutions Serving Households (NPISH) Fixed-Time-Non-Negotiable CDs EC$M 6.84 7.06 7.27 7.95 8.00
Other Nonfinancial Corporations Fixed-Time-Non-Negotiable CDs EC$M 167.57 163.97 165.37 183.66 257.61
Foreign Currency Deposits EC$M 3,479.12 3,253.52 3,118.29 3,274.74 3,574.48
Households EC$M 1,067.85 1,074.30 1,064.95 1,052.58 1,048.74
Other Nonfinancial Corporations EC$M 2,103.49 1,885.08 1,738.91 1,833.93 2,089.03
Other Financial Corporations EC$M 111.93 73.48 82.72 90.76 76.84
Non-Profit Institutions Serving Households (NPISH) EC$M 41.00 33.85 31.92 28.87 33.40
Public Financial Corporations EC$M 14.46 14.45 15.76 14.28 14.86
Public Nonfinancial Corporations Group 2 (PNFC2) EC$M 140.39 172.35 184.04 254.33 311.61
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ECCB@40 Commemorative Magazine