News Release
16 September 2002

NET INTERNATIONAL RESERVES AND RESERVE MONEY INDICATORS

BANK OF JAMAICA
RESERVE MONEY INDICATORS (J$M)

End      
July 2002

End            
August 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)
19,890.65

11,275.13
10,871.33
403.80


665.89
309.68
356.21

31,831.67
  
19,910.61

10,844.99
10,799.85
45.14


672.70
312.80
359.90

31,428.30

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       
July 2002

End             
August 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/
1,799.01 
55.08 
32.58 
22.50 
1,743.93 


29.76 
19.92 
1,740.81
 55.20 
32.70 
22.50 
1,685.61


28.80 
19.28 
-58.20 
0.12 
0.12 
0.00 
-58.32 

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