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Table 5. Money supply January 1993 - December 1995 (EEK mn)*
| |
SRE |
SRK |
SRM |
PR |
M0 |
M1** |
M2 |
M2D |
| 01.93 |
1,284.1 |
142.8 |
1,049.2 |
750.4 |
2,034.5 |
2,918.5 |
3,698.3 |
3,115.5 |
| 02.93 |
1,424.8 |
160.6 |
1,166.6 |
775.4 |
2,200.2 |
3,188.1 |
3,783.8 |
3,414.0 |
| 03.93 |
1,545.9 |
224.8 |
1,276.8 |
732.3 |
2,278.2 |
3,502.7 |
3,966.9 |
3,704.2 |
| 04.93 |
1,632.2 |
238.3 |
1,374.9 |
762.5 |
2,394.7 |
3,651.1 |
4,072.0 |
3,900.1 |
| 05.93 |
1,788.4 |
280.2 |
1,487.9 |
791.7 |
2,580.1 |
3,915.7 |
4,338.0 |
4,193.5 |
| 06.93 |
1,973.4 |
235.2 |
1,707.6 |
947.2 |
2,920.6 |
4,215.9 |
4,724.7 |
4,531.9 |
| 07.93 |
2,110.5 |
247.6 |
1,844.5 |
1,201.9 |
3,312.4 |
4,697.8 |
5,296.0 |
5,059.1 |
| 08.93 |
2,182.7 |
323.2 |
1,844.7 |
1,178.9 |
3,361.6 |
4,944.3 |
5,559.2 |
5,387.0 |
| 09.93 |
2,206.2 |
316.1 |
1,885.3 |
1,168.3 |
3,374.5 |
5,128.2 |
5,859.3 |
5,623.1 |
| 10.93 |
2,330.0 |
300.7 |
2,028.6 |
1,073.3 |
3,403.3 |
5,448.1 |
6,207.4 |
5,987.1 |
| 11.93 |
2,490.3 |
333.7 |
2,157.1 |
1,074.5 |
3,564.8 |
5,833.2 |
6,691.4 |
6,425.8 |
| 12.93 |
2,730.2 |
350.6 |
2,380.9 |
1,147.3 |
3,877.5 |
6,119.8 |
7,149.1 |
6,799.1 |
| 01.94 |
2,778.3 |
400.9 |
2,377.4 |
1,156.2 |
3,934.5 |
6,240.6 |
7,419.0 |
6,993.5 |
| 02.94 |
2,793.9 |
353.7 |
2,440.2 |
1,139.7 |
3,933.6 |
6,315.3 |
7,539.7 |
7,090.5 |
| 03.94 |
2,731.1 |
311.1 |
2,420.0 |
1,154.2 |
3,885.3 |
6,179.5 |
7,472.5 |
6,957.0 |
| 04.94 |
2,759.8 |
284.5 |
2,475.3 |
976.1 |
3,735.9 |
6,397.9 |
7,750.4 |
7,252.7 |
| 05.94 |
2,810.2 |
322.3 |
2,487.8 |
1,001.5 |
3,811.7 |
6,546.5 |
7,981.9 |
7,392.6 |
| 06.94 |
2,983.0 |
326.7 |
2,656.2 |
903.7 |
3,886.7 |
6,782.7 |
8,277.5 |
7,639.5 |
| 07.94 |
3,008.7 |
339.6 |
2,669.1 |
783.9 |
3,792.6 |
6,861.7 |
8,505.1 |
7,740.4 |
| 08.94 |
3,036.2 |
358.5 |
2,677.7 |
798.5 |
3,834.7 |
7,156.6 |
8,903.6 |
8,108.3 |
| 09.94 |
3,153.0 |
323.5 |
2,829.5 |
800.4 |
3,953.4 |
7,385.9 |
9,106.3 |
8,354.4 |
| 10.94 |
3,178.9 |
392.8 |
2,786.1 |
850.0 |
4,028.9 |
7,572.0 |
9,492.5 |
8,562.8 |
| 11.94 |
3,272.3 |
393.7 |
2,878.6 |
891.3 |
4,163.6 |
7,712.7 |
9,688.3 |
8,751.2 |
| 12.94 |
3,512.3 |
440.4 |
3,071.9 |
806.5 |
4,318.8 |
7,851.6 |
10,007.9 |
8,837.4 |
| 01.95 |
3,359.3 |
464.4 |
2,894.9 |
916.8 |
4,276.1 |
7,845.7 |
10,186.5 |
8,886.0 |
| 02.95 |
3,415.7 |
448.6 |
2,967.1 |
864.1 |
4,279.8 |
8,054.8 |
10,437.6 |
9,063.0 |
| 03.95 |
3,366.2 |
402.6 |
2,963.7 |
824.1 |
4,190.3 |
7,885.8 |
10,481.8 |
9,050.6 |
| 04.95 |
3,486.0 |
386.0 |
3,100.0 |
791.7 |
4,277.7 |
8,156.4 |
10,590.1 |
9,305.5 |
| 05.95 |
3,643.4 |
483.4 |
3,160.0 |
770.6 |
4,414.0 |
8,550.1 |
11,212.7 |
9,736.6 |
| 06.95 |
3,870.7 |
388.0 |
3,482.7 |
811.1 |
4,681.8 |
8,786.1 |
11,582.1 |
10,003.5 |
| 07.95 |
3,987.5 |
534.3 |
3,453.1 |
899.5 |
4,887.0 |
9,290.0 |
12,138.7 |
10,557.2 |
| 08.95 |
3,950.1 |
480.4 |
3,469.7 |
973.9 |
4,924.0 |
9,672.1 |
12,687.4 |
10,960.7 |
| 09.95 |
4,019.7 |
444.4 |
3,575.4 |
953.0 |
4,972.7 |
9,737.2 |
12,755.9 |
11,046.4 |
| 10.95 |
4,058.2 |
541.4 |
3,516.9 |
837.8 |
4,896.0 |
9,881.0 |
12,954.2 |
11,242.9 |
| 11.95 |
4,018.8 |
483.8 |
3,535.0 |
783.1 |
4,801.9 |
10,021.5 |
13,135.8 |
11,454.3 |
| 12.95 |
4,337.1 |
532.5 |
3,804.6 |
788.2 |
5,125.3 |
10,158.2 |
13,466.1 |
11,644.8 |
* Calculations based on the balance sheet of Eesti Pank and consolidated balance sheet of Estonian commercial banks
** From January 1993 the M1 includes current accounts held by the Government
SRE = cash issued by Eesti Pank
SRK = commercial banks vault cash
SRM = cash in circulation (except commercial banks vault cash)
PR = correspondent accounts of commercial banks held with Eesti Pank and other current liabilities of Eesti Pank
M0 = base money (SRE + PR)
M1 = SRM + demand deposits held with commercial banks
M2D = M1 + kroon time and savings deposits
M2 = M2D + foreign currency deposits
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