2005-02-25
At the end of January 2005 broad money M2 made up LTL 21.7 billion. In the course of one month they decreased by LTL 57.9 million.
Money M1 decreased in January by LTL 330.7 million (2.7%) to LTL 12.1 billion at the end of the month. M1 components - currency in circulation and demand deposits in litas - declined by LTL 121.0 million and LTL 209.7 million, respectively. Demand deposits of non-financial undertakings and natural persons decreased by LTL 166.9 million and LTL 178.7 million, respectively, and demand deposits of other institutions increased by LTL 136.0 million.
Quasi-money grew by LTL 272.6 million (2.9%) in January 2005 to LTL 9.6 billion at the end of the month. Time and savings deposits in litas increased by LTL 191.6 million in one month, of which such deposits of natural persons grew most, by LTL 109.2 million. Deposits in foreign currencies went up by LTL 81.0 million, of which deposits of natural persons increased by LTL 87.4 million.
Changes in the main M2 counterparts - net foreign assets and domestic credit - went in opposing directions in January. Net foreign assets decreased by LTL 280.1 million to LTL 6.5 billion, mostly as a result of the increase in commercial bank foreign liabilities. Domestic credit grew by LTL 406.5 million to make up LTL 19.0 billion at the end of the month. This increase resulted from the expansion of net claims to the central government and mandatory social and health insurance funds of LTL 252.5 million. Claims to the private sector increased by LTL 196.9 million, of which credit to natural persons went up by LTL 181.3 million.
| (LTL million, end-of-period) |
| 12/2004 | 01/2005 | Change | ||
| LTL million | % | |||
| FOREIGN ASSETS (NET) | 6,731.1 | 6,450.9 | -280.1 | -4.2 |
| Foreign assets | 13,714.4 | 13,979.8 | 265.4 | 1.9 |
| Foreign liabilities | 6,983.4 | 7,528.8 | 545.5 | 7.8 |
| DOMESTIC CREDIT | 18,564.1 | 18,970.6 | 406.5 | 2.2 |
| Claims on central government and social security funds (net) | 138.1 | 390.6 | 252.5 | 182.8 |
| Claims on local governments | 411.8 | 392.7 | -19.1 | -4.6 |
| Claims on nonfinancial public enterprises | 88.5 | 95.5 | 7.1 | 8.0 |
| Claims on private sector | 16,030.2 | 16,227.1 | 196.9 | 1.2 |
| Claims on nonbank financial institutions | 1,895.6 | 1,864.7 | -30.9 | -1.6 |
| MONEY | 12,472.0 | 12,141.4 | -330.7 | -2.7 |
| Currency in circulation | 5,121.2 | 5,000.2 | -121.0 | -2.4 |
| Demand deposits | 7,350.8 | 7,141.1 | -209.7 | -2.9 |
| QUASI-MONEY | 9,293.4 | 9,566.1 | 272.6 | 2.9 |
| Foreign currency deposits | 4,319.6 | 4,400.6 | 81.0 | 1.9 |
| Time and savings deposits | 4,973.8 | 5,165.4 | 191.6 | 3.9 |
| OTHER ITEMS (NET) | 3,529.7 | 3,714.1 | 184.4 | 5.2 |
Notes
Banking Survey covers the Bank of Lithuania, deposit money banks, branches of foreign banks, credit unions as well as government accounts with IMF