Monetary Survey and Balance Sheet of other MFIs, October 2013

Over October 2013, the M3 broad monetary aggregate increased by LTL 601.6 million, and its annual growth rate at the end of the month was 4.3 per cent. A major impact on the increase in M3 came from overnight deposits (LTL 773.8 million) and deposits redeemable at notice of up to 3 months (LTL 6.7 million), however M3 was reduced by decreasing deposits with an agreed maturity of up to 2 years (LTL 155.3 million), debt securities with a maturity of up to 2 years (LTL 15.1 million), and currency in circulation (LTL 8.5 million). Domestic credit grew by LTL 345.7 million over the month as the result of an increase in credit to general government by LTL 271.6 million and a rise in credit to other residents by LTL 74.1 million. Over the month monetary financial institutions’ (MFI) net external assets went down by LTL 33.6 million and amounted to LTL 9.8 billion. The share of other MFIs’ lending to households in euro was declining steadily — from 73.2 per cent (at the end of December 2011) to 69.4 per cent (at the end of October 2013), with the respective increase in the share of lending in litas.