News Release
15 November 2002

NET INTERNATIONAL RESERVES AND RESERVE MONEY INDICATORS

BANK OF JAMAICA
RESERVE MONEY INDICATORS (J$M)

End      
September 2002

End            
October  2002*

A: CURRENCY ISSUE1/

B: COMMERCIAL BANKS
     Statutory Cash Reserves
     Current Account
2/

C: OTHER FINANCIAL INSTITUTIONS
     Statutory Cash Reserves
     F.I.A. Institutions
3/
     Building Societies

D: TOTAL (A+B+C)
19,587.35

11,070.86
10,911.64
159.22


680.88
318.07
362.81

31,339.09
  
19,949.90

11,332.11
11,013.99
318.12


690.38
327.18
363.20

31,972.39

1/ Currency in circulation (in the hands of the non-bank public) plus vault cash held in the banking system.

2/ Transaction balances and excess reserves. Note: Data reflect credit balances only.

3/ Financial Institutions Act Licensees.
Note: Statutory cash reserve and current accounts of both commercial banks and other financial institutions are held at the Bank of Jamaica.

* Provisional
                   BANK OF JAMAICA’S INTERNATIONAL RESERVES (US$M)

End       
September  2002

End             
October 2002*

Change

FOREIGN ASSETS
FOREIGN LIABILITIES
      IMF
      OTHER
NET INTERNATIONAL RESERVES

Estimated Gross Official
Reserves in Weeks of Goods Imports
1/
Reserves in Weeks of Goods & Services Imports
1/
1,738.58 
51.30
28.80
22.50
1,687.28


28.75
19.24 
1,706.43 
51.27
28.77
22.50
1,655.16


28.55
19.03 
-32.15
-0.03
-0.03
0.00
-32.12

*   Provisional
1/  Based on estimated value of imports for FY 2002/2003