News Release
15 October 2002

NET INTERNATIONAL RESERVES AND RESERVE MONEY INDICATORS

BANK OF JAMAICA
RESERVE MONEY INDICATORS (J$M)

End      
August 2002

End            
September 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)
19,910.61  

10,844.99   
10,799.85   
45.14   


672.70   
312.80   
359.90   

31,428.30    
19,587.35     

11,070.86     
10,911.64     
159.22     


680.88     
318.07     
362.81     

31,339.09      

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       
August 2002

End             
September 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/
1,740.81  
 55.20   
32.70   
22.50   
1,685.61  
 

28.80   
19.28   
1,738.58   
51.30   
28.80   
22.50   
1,687.28   


28.75   
19.24   
-2.23 
-3.90 
-3.90 
0.00 
1.67 

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