Baninter

INFORME SOBRE SITUACION FINANCIERA BANINTER

EL AGUJERO DE BANINTEREl FMI ha estimado que el agujero de BANINTER oscilara entre RD$45 y RD$60 mil millones, una suma equivalente entre el 12% y el 15% del PIB y entre el 60% y el 80% del presupuesto del Gobierno Central para el 2003.

Ajustes realizados por tcnicos del BC permiten estimar el agujero en aproximadamente RD$55 mil millones. El resultado final depender de la venta de los activos.

El agujero comenz a generarse en 1989, cuando se pone en marcha un banco paralelo donde de mantenan activos y pasivos fuera de los estados financieros que se entregaban a la Superintendencia de Bancos.

Esta prctica abarc, por tanto, gobiernos del Presidente Balaguer (1989-1996), gobierno de Leonel Fernndez (1997-2000) y la presente administracin (2001-2003).

El agujero de BANINTER comenz a crearse a partir del 1989, acelerndose a partir de 1996-1997 cuando BANINTER compra el Banco del Comercio

Chart1

0.410457

1.821988

5.471577

10.281325

19.721707

41.375996

140.7109

335.0067

767.617

1448.961

2748.99

5208.574

7133.179

10526.37

16349.631

Prdidas anuales Baninter Paralelo(En millones de RD$)

Chart2

0.410457

2.232445

7.704022

17.985347

37.707054

79.08305

219.79395

554.80065

1322.41765

2771.37865

5520.36865

10728.94265

17862.12165

28388.49165

44738.12265

Prdidas acumuladas Baninter Paralelo

Datos

Banco Intercontinental

ResultadoResultado

AnualAcumulado

19890.410.41

19901.822.23

19915.477.70

199210.2817.99

199319.7237.71

199441.3879.08

1995140.71219.79

1996335.01554.80

1997767.621,322.42

19981,448.962,771.38

19992,748.995,520.37

20005,208.5710,728.94

20017,133.1817,862.12

200210,526.3728,388.49

200316,349.6344,738.12

2003-13,364.84

2003-21,494.03

2003-311,490.77

1989-1996554.80

1997-200010,174.14

2001-200217,659.55

200316,349.63

Sheet2

Sheet3

acumulndose unas prdidas de RD$44,738 millones las que, sumadas a las prdidas de cartera del Banco supervisado arrojan un agujero de RD$ 55,800 millones

Chart1

0.410457

1.821988

5.471577

10.281325

19.721707

41.375996

140.7109

335.0067

767.617

1448.961

2748.99

5208.574

7133.179

10526.37

16349.631

En millones de RD$

Prdidas anuales Baninter Paralelo

Chart2

0.410457

2.232445

7.704022

17.985347

37.707054

79.08305

219.79395

554.80065

1322.41765

2771.37865

5520.36865

10728.94265

17862.12165

28388.49165

44738.12265

Prdidas acumuladas Baninter Paralelo(En millones de RD$)

Datos


ResultadoResultado

AnualAcumulado

19890.410.41

19901.822.23

19915.477.70

199210.2817.99

199319.7237.71

199441.3879.08

1995140.71219.79

1996335.01554.80

1997767.621,322.42

19981,448.962,771.38

19992,748.995,520.37

20005,208.5710,728.94

20017,133.1817,862.12

200210,526.3728,388.49

200316,349.6344,738.12

2003-13,364.84

2003-21,494.03

2003-311,490.77

1989-1996554.80

1997-200010,174.14

2001-200217,659.55

200316,349.63

Sheet2

Sheet3

Las mayores prdidas ocurrieron en el ltimo perodo de Gobierno y se aceleran el primer trimestre del 2003.

Chart1

0.410457

1.821988

5.471577

10.281325

19.721707

41.375996

140.7109

335.0067

767.617

1448.961

2748.99

5208.574

7133.179

10526.37

16349.631

En millones de RD$

Prdidas anuales Baninter Paralelo

Chart2

0.410457

2.232445

7.704022

17.985347

37.707054

79.08305

219.79395

554.80065

1322.41765

2771.37865

5520.36865

10728.94265

17862.12165

28388.49165

44738.12265

Prdidas acumuladas Baninter Paralelo

Chart3

554.80065

10174.142

34009.18

Prdidas del Baninter Paralelo(En millones de RD$)

Datos


ResultadoResultado

AnualAcumulado

19890.410.41

19901.822.23

19915.477.70

199210.2817.99

199319.7237.71

199441.3879.08

1995140.71219.79

1996335.01554.80

1997767.621,322.42

19981,448.962,771.38

19992,748.995,520.37

20005,208.5710,728.94

20017,133.1817,862.12

200210,526.3728,388.49

200316,349.6344,738.12

2003-13,364.84

2003-21,494.03

2003-311,490.77

1989-1996554.80554.80

1997-200010,174.1410,728.94

2001-200334,009.1844,738.12

Sheet2

Sheet3

EL AGUJERO DE BANINTEREl principal accionista del BANINTER ha informado que el agujero tiene su origen en las contribuciones que por aos otorg a diversas personas y grupos de la sociedad.

A continuacin algunos de los gastos que RBF afirma haber pagado con recursos de los depositantes del BANINTER:

Enfermedad de Pea Gmez (33% GV, 33% AG, 33% RBF) cargos TC, casa de Cambita Compra de vehculos y jeepetas de ex-Presidente LF y Presidente HMPago de celulares en poder de funcionarios civiles y militaresPago de una mensualidad de RD$150,000 a ex-Presidente LFCompra de 10 relojes Rolex Presidente (oro), entregados a Pepe GoicoContribucin al PRD para elecciones congresionales del 2002.Donaciones al PRD para celebracin de mtines y campaas electorales.Donaciones a otros partidos polticos para campaas electorales.Donaciones al Presidente Balaguer para compra juguetes de Reyes.Gastos de alquiler de aviones viajes Presidentes HM, LFGastos en cumbre de Presidentes en Bvaro

EL AGUJERO DE BANINTEREquipos de comunicacin para la seguridad internaPago de ayudas mensuales a cerca de 70 generales.Donaciones a la Iglesia CatlicaAyudas a miembros de la Suprema Corte de JusticiaAyudas dadas a Danilo Medina y a Hatuey DecampsFraude de Pepe GoicoDonacin a Fundacin Global, Democracia y Desarrollo (Leonel Fernndez)Donaciones a entidades educativas y otras organizaciones no gubernamentales

LA SUMA TOTAL DE ESTAS AYUDAS Y DONACIONES, EN NINGUN CASO SOBREPASARIAN LOS RD$2,000 MILLONES. FRENTE A UN AGUJERO DE RD$55,845 MILLONES, RESULTAN INSIGNIFICANTES. PARA LO UNICO QUE SIRVEN ES PARA APUNTALAR LA ESTRATEGIA DE PRESION A LA CLASE POLITICA CON EL OBJETIVO DE QUE SE ENCUBRA EL FRAUDE QUE SE HA COMETIDO.

EL AGUJERO DE BANINTEREl grueso del agujero se gener por la utilizacin de recursos de los depositantes para financiar la compra de empresas improductivas y mal administradas, que generaban un flujo de caja negativo que se financiaba con sobregiros y prstamos.

Otro de los componentes del agujero es la eliminacin de los activos de cerca de RD$16,766 millones de sobregiros, adelantos de CC, prstamos especiales y confidenciales, lo que se produjo durante el perodo enero-marzo 2003.

Otro de los elementos que conforman el agujero son los intereses pagados sobre los depsitos que Baninter mantena fuera de libros, lo que se estima en cerca de RD$22,000 millones.

Finalmente, el resto del agujero se gener con los gastos excesivos en publicidad y relaciones pblicas, actividades artsticas y otras, financiadas por BANINTER. A esto hay que agregar la compra y gastos en bienes personales de RBF y algunos de sus funcionarios pagados con recursos de los depositantes de BANINTER (Aviones, helicpteros, lanchas, casas dentro y fuera del pas, apartamentos, entre otros).

DESCRIPCION DE OPERACIONES IRREGULARESSobregiros

Aprobacin de sobregiros excesivos con empresas y personas vinculadas.

Estos sobregiros se asentaban como cartera de prstamos en el banco paralelo, sin documentacin de soporte ni garantas.

Cancelacin fraudulenta de los sobregiros, es decir, fueron borrados totalmente de los libros.

DESCRIPCION DE OPERACIONES IRREGULARESPrstamos

Aprobacin de prstamos especiales y confidenciales a vinculados sin documentacin de soporte ni garantas.

Esto prstamos se mantenan fuera de libros y los manejaba el Sr. Marcos Bez Cocco (MBC). Se asentaban en el banco paralelo.

Los prstamos fueron cancelados sin que se haya registrado un ingreso para el banco. Fueron literalmente borrados de los libros.

REGISTRO DE GASTOS COMO ACTIVOSGastos

Diariamente gastos excesivos en nmina, intereses sobre depsitos, publicidad, relaciones pblicas, ayudas, donaciones, etc., se registraban como otros activos del banco.

Estos gastos se estaban pagando con dinero de los depositantes y cuando comenzaron a agotarse, con endeudamiento externo provistos por bancos.

El detalle de estos gastos aparece englobado en la partida de Otros Activos Diversos (Neto) y segn RBF estos ascendan a cerca de RD$18,000 MM. RBF afirma tener el listado de este historial de gastos, pero no lo ha entregado.

IRREGULARIDADES EN BANINTERDurante el perodo enero-marzo del 2003, funcionarios de Baninter instruyeron a subalternos para que borraran de los libros sobregiros, adelantos de cartas de crdito, prstamos especiales y confidenciales, por un monto aproximado de RD$16,766 millones.

La desaparicin de estos activos es uno de los componentes fundamentales del agujero de aproximadamente RD$55,845 millones que se estima podra terminar como costo fiscal del rescate de esta entidad bancaria.

La eliminacin de estos activos beneficiaria a RBF, MBC, VLDC, LAR, JMBF, amigos de RBF, empresas del Grupo, y empresas BVI propietarias de empresas de comunicaciones.

IRREGULARIDADES EN BANINTEREliminacin sobregiros, adelantos CC, prstamos especiales y confidencialesEn millones de RD$, ENERO-MARZO 2003

IRREGULARIDADES EN BANINTERCASO INTERDUTY FREE

RBF ofert al BCRD la entrega del 50% de las acciones de esta empresa como activo para compensar parcialmente el agujero, indicndose que estas acciones tienen un valor de US$40 millones.

LAR informa al BCRD que RBF no poda incluir esas acciones, porque esa empresa le pertenece a l, indicando que las acciones son controladas por la empresa ANOE LLC. Segn LAR, el compr esa empresa a RBF hace aproximadamente 2 meses, es decir, en medio de la crisis de BANINTER.

RBF inform al Banco Central que es cierto que vendi esas acciones a LAR pero que ste tiene una deuda con l, pues no ha pagado absolutamente nada del monto acordado. Reiter que el BCRD deber recibir el producto de la venta de las acciones de Interduty Free a ALDEASA, la empresa espaola.

LAR tena bastante avanzada la venta de Interduty Free a ALDEASA (Ciro Holdings). Contrato de compraventa se firm el 28 de marzo del 2003. ALDEASA exigi la venta de la empresa sin deudas o pasivos. Para limpiar la deuda de Interduty Free y sus relacionadas, se sobregir la cuenta de Bankinvest. Luego, esos sobregiros, adelantos de CC y otros prstamos de BankInvest fueron borrados de los libros de Baninter.

IRREGULARIDADES EN BANINTERCASO BANKINVEST/PUESTO DE BOLSA

Empresa creada por LAR. En 09/2001 la vende a Sippany Holdings, INC., una empresa BVI de RBF. En dicho acuerdo se establece que LAR continuara como Presidente de BankInvest, percibiendo las mismas compensaciones y beneficios. En el CV de LAR publicado en la prensa a raz de su nombramiento como Embajador de RD en Francia, se establece que es Presidente de BankInvest. La persona que firma los cheques de BankInvest, segn funcionarios de BANINTER, trabaja para LAR.

En ese acuerdo se estableci tambin, de acuerdo a lo conversado con MBC, traspasar a BankInvest la totalidad de las deudas de las empresas del Grupo Interduty Free con BANINTER, incluyendo los sobregiros existentes a la fecha. Tambin se traspas deudas del Grupo Interduty Free con bancos y suplidores del exterior (US$30 millones).

En el perodo enero-marzo del 2003, se borraron sobregiros de BankInvest en Baninter por un total de RD$3,830 millones. A este sobregiro borrado habra que agregar una deuda de RD$2,319 millones. Los funcionarios del BANINTER, colocan bajo la columna de GARANTIAS lo siguiente: LUIS ALVAREZ RENTA-SIN GARANTIA REGISTRADA. El total de la deuda de BankInvest con BANINTER, incluyendo el sobregiro borrado, asciende a RD$6,149 millones.

IRREGULARIDADES EN BANINTERCaso Cheques sin fondos de BankInvest certificados por Baninter para comprar US$ utilizados supuestamente para pagar deudas Baninter/RBF en el exterior

De la cuenta de BankInvest se emiten cheques por aproximadamente RD$209 millones. Los cheques son certificados por Baninter, a pesar de que la cuenta no tena fondos. Los cheques son utilizados para comprar dlares al banco de cambio QUISQUEYANA, pues supuestamente Baninter no tena como comprar los dlares.

Los US$ se transfieren a una cuenta de GROUP WIDE que maneja LAR y de ah, supuestamente, se transferiran los dlares para pagar deudas de Baninter/RBF con entidades financieras del exterior.

Parte de las deudas a pagar correspondan a prstamos otorgados de Interduty Free (caso CC por US$6.2 MM emitida por TIBM).Analizando la documentacin se comprueba que muchas de estas deudas no estaban vencidas y por tanto, no se comprende el por qu de su pago anticipado. La nica explicacin sera porque slo as se eliminaban pasivos de Interduty Free, lo que permitira su venta a ALDEASA.

El BCRD ha exigido a LAR que devuelva los US$10 MM que compr con cheques sin fondos certificados por Baninter. LAR ha indicado que los devolver cuando haya vendido las acciones de Interduty Free. El BCRD entiende que LAR no puede vender algo que forma parte de los activos que RBF ha ofertado entregar al BCRD para cubrir parcialmente el agujero de Baninter.

IRREGULARIDADES EN BANINTERCASO APAP

En agosto del 2002, RBF y AH acuerdan fusionar en el futuro cercano BANINTER y la APAP. Para ello, introduciran modificaciones a la LMF que estaba en el Congreso. La modificacin se logr.

AH poda acordar lo anterior porqu tena el control mayoritario del CD de la APAP.

AH procedi a vender a RBF los derechos de fusin de la APAP con BANINTER por un monto de US$90 MM, que se pagaran US$55 MM por adelantado y el resto, cuando se materializase la fusin.

Para BANINTER esta fusin revesta crucial importancia pues le permitira atraerse ms de 10,000 millones de pesos en depsitos, lo que alimentara la centrfuga que estaba operando en el banco paralelo.

IRREGULARIDADES EN BANINTERCASO APAP (Continuacin)

AH y sus allegados (RP, MPK y AR) reciben el pago de US$55 MM distribuidos de la siguiente manera: US$14.78 MM en efectivo, US$12.5 MM en certificados de depsitos de BANINTER & TRUST que nunca fueron asentados en los libros del TRUST, y RD$503.6 millones en certificados financieros de BANINTER. Los pagos y certificados se emitieron a favor de varias empresas BVI.

Por instrucciones del Gobernador del BC, se invit al Sr. AH a pasar por el BC y devolver los US$55 MM, as como los intereses percibidos desde mediados de agosto del 2002 al final de marzo del 2003.

A la fecha se ha recuperado lo siguiente: US$14.78 MM (transferidos a Cuenta BCRD en Federal Reserve Bank of New York, cancelacin de los certificados de depsitos en BANINTER & TRUST por US$12.5 MM, cancelacin de RD$461.6 MM de certificados financieros de BANINTER y RD$42 MM entregados en efectivo (RD$10.2 MM) y en cheques (RD$31.8MM). Tambin se recibi cheque por US$500,684.93 correspondiente a intereses sobre certificados de depsitos de US$12.5 MM en BANINTER & TRUST. Estn pendiente de pagos: intereses sobre certificados financieros por RDD$503.6 MM, ascendentes a RD$82.6 MM, as como los intereses en US$ correspondientes a los US$14.78MM que se pagaron en efectivo y estaban depositados en el exterior en cuenta de empresa BVI.

LA OFERTA DE RBFRBF ha ofertado entregar una serie de activos y empresas para cubrir parcialmente al agujero. Las acciones de BANINTER estn en poder del BCRD como garanta, pero no han sido cedidas. En consecuencia, el Banco no podra venderse si estas acciones no son cedidas por el accionista principal

Entre los activos ofertados NO se incluye la Editora Listn Diario ni la empresa de cable, ASTER.

RBF ha insistido que la cesin definitiva de estos activos y empresas se otorgar a cambio de un DESCARGO.

La realidad es que la mayora de los activos y empresas que se han ofertado, mantienen deudas con BANINTER (incluyendo los borrados entre enero y marzo) que, en muchos casos, sobrepasan el valor de venta de dichos activos.

ACTIVOS OFERTADOS NETOS DE DEUDAS(EN MILLONES DE US$)

DE QUIEN ES EL LISTIN DIARIO?17 DIC 1999 : Eduardo Pellerano compra a su madre y hermana, las acciones que tenan del Listn Diario. Para poder hacerlo, BANINTER le otorga un prstamo el cual es garantizado con 98,000 acciones del Listn Diario.

30 JUN 2000: BEARPARK INTERNATIONAL LTD, una empresa BVI creada para esta transaccin, propiedad de RBF, apodera a Jess Troncoso (JT), para la compra de todas las acciones que Eduardo Pellerano posea del Listn Diario.

Para realizar la compra, BEARPARK toma un prstamo de US$65.4 millones en BANINTER.

8 SEP 2000: THE INTERNATIONAL BANK OF MIAMI (TIBM) ofrece un prstamo a BEARPARK que establece como objetivo: apoyar al Sr. RBF en la compra y financiamiento de su control mayoritario en el Listn Diario, a travs de BEARPARK. El 51% de las acciones del Listn Diario fueron puestas en garanta para este prstamo de TIBM. El 13 de Noviembre del 2000, BEARPARK recibe el desembolso de dicho prstamo, el cual pagaba una tasa de inters del 13%. En el contrato de prstamo se establece claramente que el GRANTOR o GARANTE del prstamo de TIBM a BEARPARK es RBF.

El certificado No.238 por 963,514 acciones de la Editora Listn Diario, C. por A., est emitido a favor de BEARPARK INTERNATIONAL LTD. Dicho certificado est firmado por RBF como Presidente y JT como Secretario de la Editora Listn Diario.

MANEJO MICRO DEL RESCATE DE BANINTER

Definicin de unidad de negocio bancario o banco vendibleActivos:Cartera cobrableActivos fijos propios del negocio bancarioTarjeta de crdito, Intercontinental de SegurosOtros activos del negocio bancarioCertificado de compensacin del Banco Central

Pasivos:Depsitos contraparte de activos, priorizando el traslado de pasivos en dlaresPrstamos de bancos corresponsales (en US$)

Estrategia para la venta de la unidad de negocio bancario o banco vendibleDeterminacin del valor de la unidad de negocioNegociacin con bancos interesados.Ponderar los pros y contras de la venta a un banco extranjero. Ponderar los pros y contras de la venta a un grupo local con suficiente capital y prestigio.Contrato de cesin sin retorno.Declarar la disolucin y cierre del bancoCesin y reapertura de sucursales.Procedimiento de asistencia de liquidez en caso de que haya un descenso de los depsitos en el nuevo banco.

MANEJO MACRO DEL RESCATE DEL BANCO

MANEJO MACRO DEL RESCATE DE BANINTERAl 8 de mayol del 2003, el Banco Central haba emitido redescuentos y facilidades al Baninter y a los depositantes de dicha institucin por un total de RD$41,367 millones.

A esa misma fecha, el total de los valores o certificados de participacin e inversin colocados por el Banco Central en los bancos y en el pblico ascendan a RD$33,106.8 millones.

Lo anterior revela la generacin de un excedente monetario de RD$8,260 millones, que quiebra la tendencia que mostraba niveles negativos durante el periodo 1999-2002.

Al final del 1999 la diferencia entre redescuentos ms facilidades y certificados colocados era negativa en RD$5,135 millones, al final del 2000 era negativa en RD$4,369 millones, al final del 2001 era negativa en RD$3,276 millones y a Julio del 2002 era negativa en RD$4,736 millones. Como se advierte, en relacin al promedio de esta variable del perodo 1999-julio 2002, el exceso monetario ascendera a RD$13,149 millones.

M1

29.0022

27.6463

27.7162

28.0475

27.9728

27.4629

28.905

29.8662

30.004

29.3175

29.4883

35.4787

33.918

32.2145

30.1215

31.5628

30.2314

29.1408

30.9628

29.5292

29.6685

30.0801

31.0268

31.9075

32.8247

31.1699

30.73

31.5092

31.7442

31.7276

33.756

33.8465

33.9049

35.4233

37.0149

39.7969

39.836

38.2384

38.9209

39.2503

38.2231

36.3397

36.584

39.5815

34.0605

36.1137

36.8076

42.5152

42.9084

42.5098

41.006

42.5873

&A

Page &P

M1

Medio Circulante (En miles de millones de RD$)

M2

73.445

73.4805

75.5283

76.6859

77.3585

78.9967

82.3615

84.5192

85.2995

84.6563

85.5377

90.0884

90.0183

91.4111

91.9452

95.1002

94.5259

95.2664

96.1923

95.0459

95.4406

95.7348

97.5569

102.3019

104.6762

104.4538

107.4314

110.2072

113.5712

116.6761

119.2372

120.8347

121.2705

123.6231

125.7187

132.7075

133.6531

132.0547

137.369

136.0427

136.7986

138.5161

140.6412

142.1986

140.2088

140.8059

139.8023

148.1265

152.3568

152.3598

155.7693

159.3758

&A

Page &P

M2

Medio Circulante Ampliado (En miles de millones de RD$)

Todos

73.44573.44529.002224.7519

73.480573.480527.646323.5301

75.528375.528327.716224.8656

76.685976.685928.047525.1208

77.358577.358527.972825.7969

78.996778.996727.462925.9534

82.361582.361528.90527.8851

84.519284.519229.866228.4809

85.299585.299530.00428.0192

84.656384.656329.317527.4696

85.537785.537729.488327.9754

90.088490.088435.478728.9198

90.018390.018333.91828.1431

91.411191.411132.214527.8104

91.945291.945230.121527.0771

95.100295.100231.562827.6703

94.525994.525930.231427.4469

95.266495.266429.140826.9031

96.192396.192330.962826.9986

95.045995.045929.529226.4943

95.440695.440629.668526.3601

95.734895.734830.080127.2946

97.556997.556931.026828.0424

102.3019102.301931.907533.1151

104.6762104.676232.824731.2895

104.4538104.453831.169930.9758

107.4314107.431430.7332.344

110.2072110.207231.509233.6018

113.5712113.571231.744234.5149

116.6761116.676131.727635.8002

119.2372119.237233.75636.1903

120.8347120.834733.846536.4428

121.2705121.270533.904935.6928

123.6231123.623135.423336.0929

125.7187125.718737.014935.7816

132.7075132.707539.796938.5505

133.6531133.653139.83636.6508

132.0547132.054738.238435.1025

137.369137.36938.920936.9593

136.0427136.042739.250336.248

136.7986136.798638.223135.9293

138.5161138.516136.339735.2415

140.6412140.641236.58435.4765

142.1986142.198639.581534.2738

140.2088140.208834.060534.5648

140.8059140.805936.113732.7953

139.8023139.802336.807632.3351

148.1265148.126542.515238.3933

152.3568152.356842.908435.2526

152.3598152.359842.509837.1966

155.7693155.769341.00638.574

159.375842.587346.5086

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M2

M2

M1

BASE

M2

MI, BM

Agregados Monetarios (En miles de millones de RD$)

A&R

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

715.9

674.4

674.4

674.4

674.4

674.4

674.4

674.4

674.4

674.4

674.4

674.4

674.4

924.4

174.4

174.4

174.4

174.4

174.4

174.4

174.4

574.4

2730.7

1977.4

2766.4

6583

4921.4

4572.1

8610.1

37781.5

Adelantos y Redescuentos

MI, BM

Adelantos y Redescuentos(En millones de RD$)

factores

4667.6715.9

4970.4715.9

4570715.9

4501.6715.9

4700.8715.9

4975.3715.9

4726.2715.9

4961.8715.9

5120.1715.9

4510.7715.9

4108.4715.9

5135715.9

5405.4715.9

5145.3715.9

6090.2715.9

6174715.9

6202.6715.9

6263.6715.9

6402.2715.9

6372.1715.9

6378.8715.9

5941.4715.9

5516.6715.9

4369.1674.4

4311.3674.4

4249.3674.4

4129.7674.4

4004674.4

3902.5674.4

3750.5674.4

3615.7674.4

3525.5674.4

3413.2674.4

3379.6674.4

3307.2674.4

3275.6924.4

3178.2174.4

3510.7174.4

3250.2174.4

4174.4174.4

4739.7174.4

4726.4174.4

4736.5174.4

5367574.4

53832730.7

5391.91977.4

5402.92766.4

5895.66583

7135.14921.4

4954.14572.1

7374.58610.1

28809.437781.5

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Valores en Circulacin

Adelantos y Redescuentos

Excedente Monetario Desagregado(En millones de RD$)

Indice (2)

-100100

-75.726056714895.2142352388

-105.4703049759112.1356749488

-95.9422150883127.1843034649

-86.3820224719138.4119440975

-94.2814339219151.1411820143

-60.9566613162152.5774103031

-68.3873729267158.8773197924

-45.3996789727299.3890334154

-66.150882825278.9569998434

-35.5976457999268.3137669841

-20.7233814874289.267794501

-84.6934189406266.1503300769

-47.6147672552226.5647438294

-92.582129481226.2414662051

-84.9459604066225.4775208415

-87.0262172285220.582438779

-91.5270197967212.1606400711

-93.9625468165195.0098423532

-75.2701979668165.0691674483

-73.6821829856124.4735148533

-20.0577849117104.3338924434

-42.255751738993.9631465306

1.1235955056113.0375085558

-54.6345639379102.9663475541

-44.7811663991129.3618083286

-4.1840556447115.7131304338

56.1690743713106.5739276144

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* Excedente Monetario = adelantos y redescuentos ms facilidades de liquidez menos valores en circulacin

Indice de Expansin

Indice de RIN

Excedente Monetario* y RIN(Indices, Ene-2001=100)

valores

4667.6

4970.4

4570

4501.6

4700.8

4975.3

4726.2

4961.8

5120.1

4510.7

4108.4

5135

5405.4

5145.3

6090.2

6174

6202.6

6263.6

6402.2

6372.1

6378.8

5941.4

5516.6

4369.1

4311.3

4249.3

4129.7

4004

3902.5

3750.5

3615.7

3525.5

3413.2

3379.6

3307.2

3275.6

3178.2

3510.7

3250.2

4174.4

4739.7

4726.4

4736.5

5367

5383

5391.9

5402.9

5895.6

7135.1

4954.1

7374.5

28809.4

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Valores en Circulacin

Valores en Circulacin(En miles de millones de RD$)

Indice

-3636.916.96

-3574.917.08

-3455.316.96

-3329.616.9

-3228.116.88

-3076.116.88

-2941.316.88

-2851.116.9

-2738.817.11

-2705.217.16

-2632.817.17

-2351.217.19

-3003.817.63

-3336.317.89

-3075.817.73

-400017.83

-4565.317.91

-455217.99

-4562.118.05

-4792.618.56

-2652.318.89

-3414.519.69

-2636.520.71

687.421.52

-2213.722.53

-38224.91

1235.623.97

8972.124.96

8260.425.99

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* Excedente Monetario = adelantos y redescuentos ms facilidades de liquidez menos valores en circulacin menos incremento depsitos de encaje en BC. Valores en circulacin ajustados por certificados financieros aperturados por el Banco de Reservas por operacin CDE-Bonos Soberanos.

Excedente

TCN

Excedente(RD$MM)

Tasa de Cambio

Excedente Monetario* producido por BANINTERy Tasa de Cambio

Hoja1

Adelantos y RedescuentosValores en CirculacinM2M1BASECredito de Bancos

Jan-95449.4704.635.271215.75314.919120516.8

Feb-95439.4868.135.976615.843315.061920835.4

Mar-95439.4915.236.669415.968215.376421471.9

Apr-95419.41285.136.957816.021815.344221536.5

May-95409.41576.437.359616.033215.574921711.4

Jun-95399.41643.138.563816.542915.777622275.8

Jul-95389.41695.538.350116.4215.942222305.8

Aug-95379.41736.638.592416.487715.959422389.6

Sep-95369.41761.739.359116.64116.032923493.9

Oct-95359.42032.740.147516.79116.110524170.1

Nov-95349.42229.340.470216.939315.995224587.6

Dec-95338.81991.242.181218.643616.835925425.9

Jan-96328.81994.642.556518.094317.066825772.4

Feb-96328.83388.343.231819.075416.22925973.1

Mar-96437.83606.144.299919.599716.754226568.8

Apr-96596.73715.644.286319.62415.364826961

May-96596.73944.844.546119.389215.591427242.5

Jun-96526.8385845.45820.267815.795827808.3

Jul-96526.83891.245.105519.64815.583727819.1

Aug-96328.83878.446.157920.141816.866528033.8

Sep-96328.84034.846.972920.696216.871328856

Oct-96325.94104.247.483820.657817.418229052.6

Nov-96325.94144.447.908221.09117.541229635

Dec-96325.94099.250.640723.48118.144531089.3

Jan-97215.94039.749.760822.872218.468430671.9

Feb-97215.94239.649.875422.999518.016430958.5

Mar-97215.94644.249.828522.659817.85631044.3

Apr-97215.9524150.732423.760718.039731317.1

May-97215.95163.751.590123.870418.540431923.2

Jun-97215.95243.753.102924.206918.779732896.9

Jul-97215.95271.953.026423.715619.019833366.8

Aug-97215.95332.655.199824.618120.159834124.6

Sep-97215.95425.356.205924.852719.572535690.1

Oct-97215.94909.857.880825.737619.61737303.2

Nov-97215.94917.858.390825.946719.55338569.3

Dec-97215.94357.162.662727.861821.702741836.7

Jan-98215.94330.362.488427.060520.08142279.3

Feb-98215.9416961.466726.098519.718241833.5

Mar-98215.93306.262.227425.889519.819842580.2

Apr-98215.92858.461.405825.513219.776742495.6

May-98215.92846.761.207525.315319.769842466.4

Jun-98215.92838.662.848325.48320.158543764.6

Jul-98215.92799.564.094625.604520.81945335.5

Aug-98215.93381.365.233825.416921.291246039.6

Sep-98715.93388.165.622525.737322.144946958.5

Oct-98715.93339.767.213526.215523.153948432

Nov-98715.93621.569.450826.666924.09649124.6

Dec-98715.93499.272.627329.230425.891751944.3

Jan-99715.94,667.673.44529.002224.751952380.91000

Feb-99715.94,970.473.480527.646323.530153099.3

Mar-99715.94,570.075.528327.716224.865653021.5

Apr-99715.94,501.676.685928.047525.120854099.8

May-99715.94,700.877.358527.972825.796955228.2

Jun-99715.94,975.378.996727.462925.953456983.8

Jul-99715.94,726.282.361528.90527.885158027.7

Aug-99715.94,961.884.519229.866228.480959217.2

Sep-99715.95,120.185.299530.00428.019261079.6

Oct-99715.94,510.784.656329.317527.469663088.3

Nov-99715.94,108.485.537729.488327.975464714.7

Dec-99715.95,135.090.088435.478728.919866501.2

Jan-00715.95,405.490.018333.91828.143166846.7

Feb-00715.95,145.391.411132.214527.810468903

Mar-00715.96,090.291.945230.121527.077170695.2

Apr-00715.96,174.095.100231.562827.670372124.7

May-00715.96,202.694.525930.231427.446972881.7

Jun-00715.96,263.695.266429.140826.903173912.2

Jul-00715.96,402.296.192330.962826.998673845.6

Aug-00715.96,372.195.045929.529226.494374213.3

Sep-00715.96,378.895.440629.668526.360175318.4

Oct-00715.95,941.495.734830.080127.294676438.8

Nov-00715.95,516.697.556931.026828.042478049.8

Dec-00674.44,369.1102.301931.907513474.833.115181321.7

Jan-01674.44,311.3104.676232.824714510.41035.631.289584385(3,636.9)-100

Feb-01674.44,249.3104.453831.169914473.8-36.630.975885247.7(3,574.9)-98.2952514504

Mar-01674.44,129.7107.431430.7315946.61472.832.34486897.9(3,455.3)-95.0067365064

Apr-01674.44,004.0110.207231.509217099.91153.333.601888159.8(3,329.6)-91.5504963018

May-01674.43,902.5113.571231.744217908808.134.514989354.2(3,228.1)-88.7596579505

Jun-01674.43,750.5116.676131.727619237.21329.235.800291398.8(3,076.1)-84.5802744095

Jul-01674.43,615.7119.237233.75619144.1-93.136.190393599(2,941.3)-80.8738211114

Aug-01674.43,525.5120.834733.846519488.4344.336.442894323.5(2,851.1)-78.3936869312

Sep-01674.43,413.2121.270533.904918870.9-617.535.692897095.2(2,738.8)-75.3058923809

Oct-01674.43,379.6123.623135.423319256.6385.736.092999639.2(2,705.2)-74.3820286508

Nov-01674.43,307.2125.718737.014918287.1-969.535.7816102673.8(2,632.8)-72.39132228

Dec-01924.43,275.6132.707539.796916904.2-1382.938.5505107879.7(2,351.2)-64.6484643515

Jan-02174.43,178.2133.653139.83617857.7953.536.6508108742.5(3,003.8)-82.5923176331

Feb-02174.43,510.7132.054738.238416746.2-1111.535.1025109362.1(3,336.3)-91.7347191289

Mar-02174.43,250.2137.36938.920917996.31250.136.9593112151.4(3,075.8)-84.5720256262

Apr-02174.44,174.4136.042739.250317965.4-30.936.248111661.3(4,000.0)-109.9837773928

May-02174.44,739.7136.798638.223117466.4-49935.9293113000.1(4,565.3)-125.5272347329

Jun-02174.44,726.4138.516136.339717191-275.435.2415117328.9(4,552.0)-125.161538673

Jul-02174.44,736.5140.641236.58417019.3-171.735.4765118755.5(4,562.1)-125.439247711

Aug-02574.45,367.0142.198639.581515743.7-1275.634.2738119419.4(4,792.6)-131.7770628832

Sep-022730.75,383.0140.208834.060516534.2790.534.5648118430.8(2,652.3)-72.9274931948

Oct-021977.45,391.9140.805936.113714056.9-2477.332.7953119694.5(3,414.5)-93.884901977

Nov-022766.45,402.9139.802336.807613394.8-662.132.3351119887.6(2,636.5)-72.4930572741

Dec-0265835,895.6148.126542.515214029.7634.938.3933126352.6687.418.900712145

Jan-034921.47,135.1152.356842.908414368.8339.135.2526130717.5(2,213.7)-60.8677720036

Feb-034572.14,954.1152.359842.509816079.21710.437.1966128416.4(382.0)-10.503450741

Mar-038610.17,374.5155.769341.00617510.31431.138.574128491.31,235.633.9739888366

30 - Abril 200337781.528,809.4159.375842.587323857.96347.646.5086131201.68,972.1246.6963622866

8-May41367.233106.88,260.4227.1274986939

Hoja2

Adelantos y RedescuentosValores en CirculacionM2M1BASECredito de Bancos

Jan-95449.4704.635.271215.75314.919120516.8

Feb-95439.4868.135.976615.843315.061920835.4

Mar-95439.4915.236.669415.968215.376421471.9

Apr-95419.41285.136.957816.021815.344221536.5

May-95409.41576.437.359616.033215.574921711.4

Jun-95399.41643.138.563816.542915.777622275.8

Jul-95389.41695.538.350116.4215.942222305.8

Aug-95379.41736.638.592416.487715.959422389.6

Sep-95369.41761.739.359116.64116.032923493.9

Oct-95359.42032.740.147516.79116.110524170.1

Nov-95349.42229.340.470216.939315.995224587.6

Dec-95338.81991.242.181218.643616.835925425.9

Jan-96328.81994.642.556518.094317.066825772.4

Feb-96328.83388.343.231819.075416.22925973.1

Mar-96437.83606.144.299919.599716.754226568.8

Apr-96596.73715.644.286319.62415.364826961

May-96596.73944.844.546119.389215.591427242.5

Jun-96526.8385845.45820.267815.795827808.3

Jul-96526.83891.245.105519.64815.583727819.1

Aug-96328.83878.446.157920.141816.866528033.8

Sep-96328.84034.846.972920.696216.871328856

Oct-96325.94104.247.483820.657817.418229052.6

Nov-96325.94144.447.908221.09117.541229635

Dec-96325.94099.250.640723.48118.144531089.3

Jan-97215.94039.749.760822.872218.468430671.9

Feb-97215.94239.649.875422.999518.016430958.5

Mar-97215.94644.249.828522.659817.85631044.3

Apr-97215.9524150.732423.760718.039731317.1

May-97215.95163.751.590123.870418.540431923.2

Jun-97215.95243.753.102924.206918.779732896.9

Jul-97215.95271.953.026423.715619.019833366.8

Aug-97215.95332.655.199824.618120.159834124.6

Sep-97215.95425.356.205924.852719.572535690.1

Oct-97215.94909.857.880825.737619.61737303.2

Nov-97215.94917.858.390825.946719.55338569.3

Dec-97215.94357.162.662727.861821.702741836.7

Jan-98215.94330.362.488427.060520.08142279.3

Feb-98215.9416961.466726.098519.718241833.5

Mar-98215.93306.262.227425.889519.819842580.2

Apr-98215.92858.461.405825.513219.776742495.6

May-98215.92846.761.207525.315319.769842466.4

Jun-98215.92838.662.848325.48320.158543764.6

Jul-98215.92799.564.094625.604520.81945335.5

Aug-98215.93381.365.233825.416921.291246039.6

Sep-98715.93388.165.622525.737322.144946958.5

Oct-98715.93339.767.213526.215523.153948432

Nov-98715.93621.569.450826.666924.09649124.6

Dec-98715.93499.272.627329.230425.891751944.3

Jan-99715.94667.673.44529.002224.751952380.9

Feb-99715.94970.473.480527.646323.530153099.3

Mar-99715.9457075.528327.716224.865653021.5

Apr-99715.94501.676.685928.047525.120854099.8

May-99715.94700.877.358527.972825.796955228.2

Jun-99715.94975.378.996727.462925.953456983.8

Jul-99715.94726.282.361528.90527.885158027.7

Aug-99715.94961.884.519229.866228.480959217.2

Sep-99715.95120.185.299530.00428.019261079.6

Oct-99715.94510.784.656329.317527.469663088.3

Nov-99715.94108.485.537729.488327.975464714.7

Dec-99715.9513590.088435.478728.919866501.2

Jan-00715.95405.490.018333.91828.143166846.7

Feb-00715.95145.391.411132.214527.810468903

Mar-00715.96090.291.945230.121527.077170695.2

Apr-00715.9617495.100231.562827.670372124.7

May-00715.96202.694.525930.231427.446972881.7

Jun-00715.96263.695.266429.140826.903173912.2

Jul-00715.96402.296.192330.962826.998673845.6

Aug-00715.96372.195.045929.529226.494374213.3

Sep-00715.96378.895.440629.668526.360175318.4

Oct-00715.95941.495.734830.080127.294676438.8

Nov-00715.95516.697.556931.026828.042478049.8

Dec-00674.44369.1102.301931.907533.115181321.7

Jan-01674.44311.3104.676232.824731.2895843851000

Feb-01674.44249.3104.453831.169930.975885247.7

Mar-01674.44129.7107.431430.7332.34486897.9

Apr-01674.44004110.207231.509233.601888159.8

May-01674.43902.5113.571231.744234.514989354.2

Jun-01674.43750.5116.676131.727635.800291398.8

Jul-01674.43615.7119.237233.75636.190393599

Aug-01674.43525.5120.834733.846536.442894323.5

Sep-01674.43413.2121.270533.904935.692897095.2

Oct-01674.43379.6123.623135.423336.092999639.2

Nov-01674.43307.2125.718737.014935.7816102673.8

Dec-01924.43275.6132.707539.796938.5505107879.7

Jan-02174.43178.2133.653139.83636.6508108742.5

Feb-02174.43510.7132.054738.238435.1025109362.1

Mar-02174.43250.2137.36938.920936.9593112151.4

Apr-02174.44174.4136.042739.250336.248111661.3

May-02174.44739.7136.798638.223135.9293113000.1

Jun-02174.44726.4138.516136.339735.2415117328.9

Jul-02174.44736.5140.641236.58435.4765118755.5

Aug-02574.45367142.198639.581534.2738119419.4

Sep-022730.75383140.208834.060534.5648118430.8

Oct-021977.45391.9140.805936.113732.7953119694.5

Nov-022766.45402.9139.802336.807632.3351119887.6

Dec-0265835895.6148.126542.515238.3933126352.6

Jan-034921.47135.1152.356842.908435.2526130717.5

Feb-034572.14954.1152.359842.509837.1966128416.4

Mar-038610.17374.5155.769341.00638.574128491.3

Abr-0337,781.528,809.4159.375842.587346.5086131201.6

todos-12

11.1800050456-3.223362226516.2832446291

11.3820728936-3.242639184214.268179685

19.45149222042.020151718916.8428585723

21.4363414925-0.16982016815.8853503988

25.75154206855.004068617420.148234505

33.07091004388.876901114622.4735058741

34.04509863479.021147958223.9571150705

37.549586137414.620443493227.1329957421

35.404645657614.279117582627.0638491376

32.234581199217.76323881929.1307862971

27.598208427219.299766653328.8670509211

16.413660233524.725848154829.7214421238

17.134501989521.359829640527.6824149138

13.322335500622.677326523326.4240266989

14.26941627526.654409371927.8667130839

7.875173353824.567745293423.4426607336

4.097940309820.409712640420.4518399031

-1.560605806714.536554923818.7184864767

-1.97235170758.377769877917.9507737518

-5.951792946816.944144889417.6802689956

-3.16030123720.45893071515.6165761665

-9.1364229531.948999669713.8993440546

-9.6320455206-0.560044738711.2024702769

-0.40777681226.83043151611.6187856753

-3.81492354877.712621749213.9942133778

5.965671960711.170446462215.376279678

4.36885979985.357275910913.394797953

BASE

M1

M2

Base Monetaria(Tasa de crecimiento en 12 meses)

BM-12

11.1800050456

11.3820728936

19.4514922204

21.4363414925

25.7515420685

33.0709100438

34.0450986347

37.5495861374

35.4046456576

32.2345811992

27.5982084272

16.4136602335

17.1345019895

13.3223355006

14.269416275

7.8751733538

4.0979403098

-1.5606058067

-1.9723517075

-5.9517929468

-3.1603012372

-9.136422953

-9.6320455206

-0.4077768122

-3.8149235487

5.9656719607

4.3688597998

BASE


M1-12

-3.2233622265

-3.2426391842

2.0201517189

-0.169820168

5.0040686174

8.8769011146

9.0211479582

14.6204434932

14.2791175826

17.763238819

19.2997666533

24.7258481548

21.3598296405

22.6773265233

26.6544093719

24.5677452934

20.4097126404

14.5365549238

8.3777698779

16.9441448894

0.458930715

1.9489996697

-0.5600447387

6.830431516

7.7126217492

11.1704464622

5.3572759109

M1

Medio Circulante(Tasa de crecimiento en 12 meses)

M2-12

16.2832446291

14.268179685

16.8428585723

15.8853503988

20.148234505

22.4735058741

23.9571150705

27.1329957421

27.0638491376

29.1307862971

28.8670509211

29.7214421238

27.6824149138

26.4240266989

27.8667130839

23.4426607336

20.4518399031

18.7184864767

17.9507737518

17.6802689956

15.6165761665

13.8993440546

11.2024702769

11.6187856753

13.9942133778

15.376279678

13.394797953

M2

Medio Circulante Ampliado(Tasa de crecimiento en 12 meses)

Val12

-20.2408702409

-17.4139505957

-32.1910610489

-35.1473922902

-37.08283623

-40.1222938885

-43.5241010903

-44.6728707961

-46.491503104

-43.1177836873

-40.0500308161

-25.028037811

-26.2820958876

-17.3816863954

-21.2969465094

4.2557442557

21.4529147982

26.0205305959

30.9981469702

52.2337257127

57.7112387203

59.5425494141

63.3678035801

79.9853461961

124.5012900384

41.1143076879

126.8937296166

Valores en Circulacion

Valores en Circulacin(Tasa de crecimiento en 12 meses)

A&R12

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

-5.7968990082

37.0699881376

-74.1399762752

-74.1399762752

-74.1399762752

-74.1399762752

-74.1399762752

-74.1399762752

-74.1399762752

-14.827995255

304.9080664294

193.2087781732

310.2016607355

612.1376027694

2721.9036697248

2521.6169724771

4836.9839449541

Adelanto y Redescuento

Adelantos y Redescuentos(Tasa de crecimiento en 12 meses)

todos-m

11.1800050456-3.223362226516.2832446291

11.3820728936-3.242639184214.268179685

19.45149222042.020151718916.8428585723

21.4363414925-0.16982016815.8853503988

25.75154206855.004068617420.148234505

33.07091004388.876901114622.4735058741

34.04509863479.021147958223.9571150705

37.549586137414.620443493227.1329957421

35.404645657614.279117582627.0638491376

32.234581199217.76323881929.1307862971

27.598208427219.299766653328.8670509211

16.413660233524.725848154829.7214421238

17.134501989521.359829640527.6824149138

13.322335500622.677326523326.4240266989

14.26941627526.654409371927.8667130839

7.875173353824.567745293423.4426607336

4.097940309820.409712640420.4518399031

-1.560605806714.536554923818.7184864767

-1.97235170758.377769877917.9507737518

-5.951792946816.944144889417.6802689956

-3.16030123720.45893071515.6165761665

-9.1364229531.948999669713.8993440546

-9.6320455206-0.560044738711.2024702769

-0.40777681226.83043151611.6187856753

-3.81492354877.712621749213.9942133778

5.965671960711.170446462215.376279678

4.36885979985.357275910913.394797953

BASE

M1

M2


BM-m

-0.0551289291

-0.0100257275

0.0441699649

0.0388882018

0.0271741395

0.0372389895

0.0108965872

0.0069770077

-0.0205801969

0.0112095437

-0.008624965

0.0773833479

-0.0492782195

-0.042244644

0.0528965173

-0.0192454944

-0.0087922092

-0.0191431506

0.0066682746

-0.033901315

0.0084904504

-0.0511936999

-0.0140324986

0.1873567733

-0.0818033355

0.0551448687

0.0370302662

BASE

Base Monetaria(Tasa de crecimiento mensual)

M1-m

0.0287455927

-0.0504132559

-0.0141129744

0.0253563293

0.0074581392

-0.0005229302

0.0639317188

0.0026810049

0.0017254369

0.0447840873

0.0449308788

0.0751589225

0.0009824886

-0.0401044282

0.0178485501

0.0084633192

-0.0261705006

-0.0492738684

0.0067226752

0.0819347256

-0.1394843551

0.0602809706

0.0192143148

0.1550658016

0.009248457

-0.0092895564

-0.0353753723

M1

Medio Circulante(Tasa de crecimiento mensual)

M2-m

0.0232087576

-0.0021246472

0.0285063827

0.0258378835

0.0305243215

0.0273387972

0.0219505109

0.0133976645

0.0036065799

0.0193996067

0.0169515244

0.0555907753

0.0071254451

-0.0119593186

0.040243172

-0.0096550168

0.0055563437

0.012554953

0.0153418989

0.0110735688

-0.0139931054

0.0042586485

-0.0071275422

0.0595426542

0.0285586981

0.0000196906

0.0223779501

M2

Medio Circulante Ampliado(Tasa de crecimiento mensual)

Val-m

-0.0132292692

-0.0143808132

-0.0281458123

-0.0304380463

-0.0253496503

-0.0389493914

-0.0359418744

-0.02494676

-0.0318536378

-0.0098441345

-0.0214226536

-0.0095549105

-0.0297350104

0.1046189667

-0.0742017262

0.2843517322

0.1354206593

-0.0028060848

0.002136933

0.1331151694

0.0029811813

0.0016533531

0.0020400972

0.0911917674

0.2102415361

-0.3056719597

0.4885650269

Valores en Circulacion

Valores en Circulacin(Tasa de crecimiento mensual)

A&R-m

0

0

0

0

0

0

0

0

0

0

0

0.3706998814

-0.8113370835

0

0

0

0

0

0

2.2935779817

3.7540041783

-0.2758633317

0.3990087994

1.379626952

-0.2524077168

-0.0709757386

0.8831827825

Adelanto y Redescuento

Adelantos y Redescuentos(Tasa de crecimiento mensual)

Hoja3

Adelanto y RedescuentoValores en CirculacionM2M1BASECredito de BancosAdelanto y RedescuentoValores en CirculacionM2M1BASECredito de Bancos

Jan-99Jan-99

Feb-99Feb-990.0%6.5%0.0%-4.7%-4.9%1.4%

Mar-99Mar-990.0%-8.1%2.8%0.3%5.7%-0.1%

Apr-99Apr-990.0%-1.5%1.5%1.2%1.0%2.0%

May-99May-990.0%4.4%0.9%-0.3%2.7%2.1%

Jun-99Jun-990.0%5.8%2.1%-1.8%0.6%3.2%

Jul-99Jul-990.0%-5.0%4.3%5.3%7.4%1.8%

Aug-99Aug-990.0%5.0%2.6%3.3%2.1%2.0%

Sep-99Sep-990.0%3.2%0.9%0.5%-1.6%3.1%

Oct-99Oct-990.0%-11.9%-0.8%-2.3%-2.0%3.3%

Nov-99Nov-990.0%-8.9%1.0%0.6%1.8%2.6%

Dec-99Dec-990.0%25.0%5.3%20.3%3.4%2.8%

Jan-000.015.822.616.913.727.6Jan-000.0%5.3%-0.1%-4.4%-2.7%0.5%

Feb-000.03.524.416.518.229.8Feb-000.0%-4.8%1.5%-5.0%-1.2%3.1%

Mar-000.033.321.78.78.933.3Mar-000.0%18.4%0.6%-6.5%-2.6%2.6%

Apr-000.037.224.012.510.133.3Apr-000.0%1.4%3.4%4.8%2.2%2.0%

May-000.031.922.28.16.432.0May-000.0%0.5%-0.6%-4.2%-0.8%1.0%

Jun-000.025.920.66.13.729.7Jun-000.0%1.0%0.8%-3.6%-2.0%1.4%

Jul-000.035.516.87.1(3.2)27.3Jul-000.0%2.2%1.0%6.3%0.4%-0.1%

Aug-000.028.412.5(1.1)(7.0)25.3Aug-000.0%-0.5%-1.2%-4.6%-1.9%0.5%

Sep-000.024.611.9(1.1)(5.9)23.3Sep-000.0%0.1%0.4%0.5%-0.5%1.5%

Oct-000.031.713.12.6(0.6)21.2Oct-000.0%-6.9%0.3%1.4%3.5%1.5%

Nov-000.034.314.15.20.220.6Nov-000.0%-7.1%1.9%3.1%2.7%2.1%

Dec-00(5.8)(14.9)13.6(10.1)14.522.3Dec-00-5.8%-20.8%4.9%2.8%18.1%4.2%

Jan-01(5.8)(20.2)16.3(3.2)11.226.2Jan-010.0%-1.3%2.3%2.9%-5.5%3.8%

Feb-01(5.8)(17.4)14.3(3.2)11.423.7Feb-010.0%-1.4%-0.2%-5.0%-1.0%1.0%

Mar-01(5.8)(32.2)16.82.019.522.9Mar-010.0%-2.8%2.9%-1.4%4.4%1.9%

Apr-01(5.8)(35.1)15.9(0.2)21.422.2Apr-010.0%-3.0%2.6%2.5%3.9%1.5%

May-01(5.8)(37.1)20.15.025.822.6May-010.0%-2.5%3.1%0.7%2.7%1.4%

Jun-01(5.8)(40.1)22.58.933.123.7Jun-010.0%-3.9%2.7%-0.1%3.7%2.3%

Jul-01(5.8)(43.5)24.09.034.026.7Jul-010.0%-3.6%2.2%6.4%1.1%2.4%

Aug-01(5.8)(44.7)27.114.637.527.1Aug-010.0%-2.5%1.3%0.3%0.7%0.8%

Sep-01(5.8)(46.5)27.114.335.428.9Sep-010.0%-3.2%0.4%0.2%-2.1%2.9%

Oct-01(5.8)(43.1)29.117.832.230.4Oct-010.0%-1.0%1.9%4.5%1.1%2.6%

Nov-01(5.8)(40.1)28.919.327.631.5Nov-010.0%-2.1%1.7%4.5%-0.9%3.0%

Dec-0137.1(25.0)29.724.716.432.7Dec-0137.1%-1.0%5.6%7.5%7.7%5.1%

Jan-02(74.1)(26.3)27.721.417.128.9Jan-02-81.1%-3.0%0.7%0.1%-4.9%0.8%

Feb-02(74.1)(17.4)26.422.713.328.3Feb-020.0%10.5%-1.2%-4.0%-4.2%0.6%

Mar-02(74.1)(21.3)27.926.714.329.1Mar-020.0%-7.4%4.0%1.8%5.3%2.6%

Apr-02(74.1)4.323.424.67.926.7Apr-020.0%28.4%-1.0%0.8%-1.9%-0.4%

May-02(74.1)21.520.520.44.126.5May-020.0%13.5%0.6%-2.6%-0.9%1.2%

Jun-02(74.1)26.018.714.5(1.6)28.4Jun-020.0%-0.3%1.3%-4.9%-1.9%3.8%

Jul-02(74.1)31.018.08.4(2.0)26.9Jul-020.0%0.2%1.5%0.7%0.7%1.2%

Aug-02(14.8)52.217.716.9(6.0)26.6Aug-02229.4%13.3%1.1%8.2%-3.4%0.6%

Sep-02304.957.715.60.5(3.2)22.0Sep-02375.4%0.3%-1.4%-13.9%0.8%-0.8%

Oct-02193.259.513.91.9(9.1)20.1Oct-02-27.6%0.2%0.4%6.0%-5.1%1.1%

Nov-02310.263.411.2(0.6)(9.6)16.8Nov-0239.9%0.2%-0.7%1.9%-1.4%0.2%

Dec-02612.180.011.66.8(0.4)17.1Dec-02138.0%9.1%6.0%15.5%18.7%5.4%

Jan-032,721.9124.514.07.7(3.8)20.2Jan-03-25.2%21.0%2.9%0.9%-8.2%3.5%

Feb-032,521.641.115.411.26.017.4Feb-03-7.1%-30.6%0.0%-0.9%5.5%-1.8%

Mar-034,837.0126.913.45.44.414.6Mar-0388.3%48.9%2.2%-3.5%3.7%0.1%

Apr-0321,563.7590.117.28.528.317.5Apr-03338.8%290.7%2.3%3.9%20.6%2.1%

Volat

Adelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosTCRINAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de BancosAdelantos y RedescuentosValores en CirculacinM2M1BASECredito de Bancos

Jan-95449.4704.635271.21575314919.120516.813.25809955100Jan-95Jan-95Jan-95Jan-95Jan-95Jan-95

Feb-95439.4868.135976.615843.315061.920835.413.42739963101.2769558666Feb-95Feb-95Feb-95Feb-95Feb-95Feb-95

Mar-95439.4915.236669.415968.215376.421471.913.55550003102.24316071Mar-95Mar-95Mar-95Mar-95Mar-95Mar-95

Apr-95419.41285.136957.816021.815344.221536.513.57649993102.4015536978Apr-95Apr-95Apr-95Apr-95Apr-95Apr-95

May-95409.41576.437359.616033.215574.921711.413.69979953103.3315482233May-95May-95May-95May-95May-95May-95

Jun-95399.41643.138563.816542.915777.622275.813.74269962103.6551246894Jun-95Jun-95Jun-95Jun-95Jun-95Jun-95

Jul-95389.41695.538350.11642015942.222305.813.78590011103.9809669403Jul-95Jul-95Jul-95Jul-95Jul-95Jul-95

Aug-95379.41736.638592.416487.715959.422389.613.78269958103.9568267535Aug-95Aug-95Aug-95Aug-95Aug-95Aug-95

Sep-95369.41761.739359.11664116032.923493.913.70090007103.3398491113Sep-95Sep-95Sep-95Sep-95Sep-95Sep-95

Oct-95359.42032.740147.51679116110.524170.113.66730022103.0864202555Oct-95Oct-95Oct-95Oct-95Oct-95Oct-95

Nov-95349.42229.340470.216939.315995.224587.613.65390014102.9853493595Nov-95Nov-95Nov-95Nov-95Nov-95Nov-95

Dec-95338.81991.242181.218643.616835.925425.913.34749984100.6743069749Dec-95Dec-95Dec-95Dec-95Dec-95Dec-95

Jan-96328.81994.642556.518094.317066.825772.413.58880043102.4943309466Jan-96-0.26835781041.83082600060.20655095380.14862565860.14395640490.2561608048Jan-96-0.02951593860.00170751310.0088973287-0.02946319380.01371474050.0136278362Jan-96Jan-96Jan-96Jan-96

Feb-96328.83388.343231.819075.41622925973.113.72599983103.5291655356Feb-96-0.2517068732.90312176020.20166441520.20400421630.0774869040.2465851388Feb-9600.69873658880.01586831620.0542214952-0.04908946020.0077874005Feb-96Feb-96Feb-96Feb-96

Mar-96437.83606.144299.919599.716754.226568.813.66860008103.0962245264Mar-96-0.00364132912.94023164340.20808903340.22742074870.0896048490.2373753604Mar-960.33150851580.06428002240.02470635040.02748566220.03236182140.0229352676Mar-96Mar-96Mar-96Mar-96

Apr-96596.73715.644286.31962415364.82696113.77830028103.9236447731Apr-960.42274678111.89129250640.19829372960.22483116750.00134252680.2518747243Apr-960.36295111920.0303652145-0.00030699840.0012398149-0.08292845970.0147616753Apr-96Apr-96Apr-96Apr-96

May-96596.73944.844546.119389.215591.427242.513.91320037104.9411366805May-960.45749877871.50241055570.19236019660.209315670.00105939690.2547555662May-9600.0616858650.005866374-0.01196494090.01474799540.0104410074May-96May-96May-96May-96

Jun-96526.838584545820267.815795.827808.313.98980045105.5188973144Jun-960.31897846771.34800073030.1787738760.22516608330.00115353410.2483636951Jun-96-0.1171442936-0.02200365040.02047092790.04531388610.01310979130.020769019Jun-96Jun-96Jun-96Jun-96

Jul-96526.83891.245105.51964815583.727819.113.86800003104.6002104427Jul-960.35285053931.29501621940.17615077930.196589525-0.0224874860.2471688978Jul-9600.0086054951-0.0077544107-0.0305805267-0.013427620.0003883733Jul-96Jul-96Jul-96Jul-96

Aug-96328.83878.446157.920141.816866.528033.813.8352003104.3528165392Aug-96-0.13336847651.23332949440.19603600710.2216258180.05683797640.2520902562Aug-96-0.3758542141-0.00328947370.02333196620.0251323290.08231677970.0077177191Aug-96Aug-96Aug-96Aug-96

Sep-96328.84034.846972.920696.216871.32885613.78059959103.9409874547Sep-96-0.10990795891.29028779020.19344446390.24368727840.05229247360.2282337117Sep-9600.04032590760.01765678250.02752484880.00028458780.0293288816Sep-96Sep-96Sep-96Sep-96

Oct-96325.94104.247483.820657.817418.229052.613.77770042103.9191202935Oct-96-0.09321090711.01908791260.18273366960.23029003630.08117066510.202005784Oct-96-0.00881995130.01720035690.0108764841-0.00185541310.03241599640.0068131411Oct-96Oct-96Oct-96Oct-96

Nov-96325.94144.447908.22109117541.22963513.61810016102.715325893Nov-96-0.06725815680.85905889740.18378955380.24509277240.09665399620.2052823374Nov-9600.00979484430.00893778510.02097028730.00706157930.0200463986Nov-96Nov-96Nov-96Nov-96

Dec-96325.94099.250640.72348118144.531089.313.75069999103.7154679533Dec-96-0.03807556081.05865809560.20055143050.25946705570.07772676250.2227413779Dec-960-0.01090628320.0570361650.11331847710.0343933140.0490737304Dec-960.26380347780.68810184150.01069096740.02856112580.04977694170.018974791Dec-960.18958137660.19836248340.01621532180.03990487610.04215784320.0129670348Dec-960.04887895781.59761013390.19320317570.21967633590.05473316690.2377198045Dec-960.01359376980.07470853340.01546558920.02011189380.00708008880.0169742042

Jan-97215.94039.749760.822872.218468.430671.914.20629978107.1518563156Jan-97-0.34336982971.02531835960.16928788790.26405553130.08212435840.1901064705Jan-97-0.3375268487-0.0145150273-0.0173753522-0.02592734550.0178511395-0.013425841Jan-970.2727413140.70242331250.01181420980.02085467740.04234713060.0224090704Jan-970.21508421830.19895960920.01875722290.03951670640.04223386440.0156715048Jan-970.04262795621.53048449710.19009792020.22929549190.04958049640.2322152767Jan-97-0.01207380610.0733566550.01327619920.02040654790.00742478870.0147197311

Feb-97215.94239.649875.422999.518016.430958.514.28129959107.7175468184Feb-97-0.34336982970.2512469380.1536739160.20571521440.1101361760.1919447428Feb-9700.04948387260.00230301760.0055657086-0.02447423710.0093440576Feb-970.28283101160.6462241810.01518471530.02067108250.04525228840.0246618144Feb-970.21508421830.02981246070.01899407650.03820612590.03976509130.0156152472Feb-970.03498937651.30949492860.1860987120.22943807510.05230126910.2276619104Feb-97-0.01207380610.0192522620.01214575760.0163518990.00947605730.0148494525

Mar-97215.94644.249828.522659.81785631044.314.32110023108.0177454996Mar-97-0.5068524440.28787332580.12479937880.15612994080.06576261470.1684494595Mar-9700.0954335315-0.0009403433-0.0147698863-0.00890299950.0027714521Mar-970.32346499510.46630273940.02180964790.0296137430.04397080170.0297047913Mar-970.18630674540.03499586870.01889489870.03902516580.0393885310.0157503578Mar-97-0.00694488311.08846506880.17915790740.22349717440.05031441620.2219180853Mar-97-0.03969951570.02184838770.01000853310.01283060330.00603732230.0131691345

Apr-97215.9524150732.423760.718039.731317.114.30679988107.9098842639Apr-97-0.63817663820.41053934760.14555517170.21079800240.17409273140.1615704165Apr-9700.1285043710.0181402210.04858383570.01028785840.0087874425Apr-970.33991278220.4289684160.02288995950.0298325480.05368568850.0327122294Apr-970.13826291230.04668285040.01872903680.04012453160.02770800670.0157898133Apr-97-0.0953551680.96506897220.17476302760.2223277440.06471026660.2143927263Apr-97-0.06994544230.03002665080.01154580140.01677593830.01380534880.0126712818

May-97215.95163.751590.123870.418540.431923.214.2631998107.5810280818May-97-0.63817663820.30898904890.1581283210.23111835450.18914273250.1718160962May-970-0.01474909370.01690635570.00461686730.02775545050.0193536439May-970.32472552110.43140045750.02262913250.02963127620.06044362130.0321662638May-970.13826291230.04718231240.01869581360.03932227020.02800111570.0158846995May-97-0.18666145270.865617180.17191037130.22414463440.08038387790.2074811038May-97-0.06994544230.02365707090.01246579990.01815775570.01488930340.0134140015

Jun-97215.95243.753102.924206.918779.732896.914.25969982107.5546292757Jun-97-0.59016704630.35917573870.16817501870.19435261840.18890464550.1829885322Jun-9700.01549276680.02932345550.01409695690.01290694910.0305013282Jun-970.30123677530.42527827330.02254356970.03084497340.06234035220.0300812449Jun-970.13876206910.04507818050.01920803750.03838379970.02800234880.0165297192Jun-97-0.26242357890.78321509740.17102713320.22157684560.09602980390.2020331736Jun-97-0.06018341780.02678177230.01320351050.01555634490.01487239980.0142250273

Jul-97215.95271.953026.423715.619019.833366.814.17106.8780630781Jul-97-0.59016704630.35482627470.17560829610.20702361560.22049320760.199420542Jul-9700.005377882-0.0014405993-0.02029586610.01278508180.0142840207Jul-970.24363277790.40869984630.02253290250.03021723470.05975277650.0265146518Jul-970.13876206910.04520594010.01866043270.03736117630.02658033080.0159488031Jul-97-0.34100837770.70486593530.17098192620.22244635320.1162781950.1980541439Jul-97-0.06018341780.02651280460.01372966150.01641340.01705679170.0153829979

Aug-97215.95332.655199.824618.120159.834124.614.13106.5763607123Aug-97-0.34336982970.37494843230.19589062760.22223932320.19525687010.2172663Aug-9700.01151387550.04098713090.03805511980.05993753880.022711198Aug-970.23474210910.38204729940.02251824180.03021623920.06058966290.0214930028Aug-970.0972372090.04451544950.02012488110.03781877870.02197066310.0158808628Aug-97-0.35850849050.63333418010.17096981130.22249747860.12781310280.1951521476Aug-97-0.02886223330.0277464170.01520092520.01749029920.01519185490.0166324545

Sep-97215.95425.356205.924852.719572.535690.114.22107.2551910353Sep-97-0.34336982970.34462674730.19656014430.20083396950.16010621590.2368346271Sep-9700.01738364030.01822651530.0095295738-0.02913223350.0458759956Sep-970.22157029530.32791386960.02281691860.03001590240.05620822420.0228001504Sep-970.0972372090.04441862730.02013187240.03774141130.02519035920.0176979403Sep-97-0.37796364640.55452909320.17122945130.21892636960.13679758130.1958688905Sep-97-0.02886223330.02583456140.01524840290.0159906930.01274045310.0180113806

Oct-97215.94909.857880.825737.61961737303.214.35108.2357237241Oct-97-0.33752684870.19628673070.2189588870.24590227420.12623577640.2839883522Oct-970-0.0950177870.02979936270.03560578930.00227359820.0451974077Oct-970.20351550660.30732104070.02656574350.03087916780.05359865030.0342259848Oct-970.09743560850.05655607860.02049610220.03768032850.02454459860.0189167751Oct-97-0.39832330820.4859623280.17424821940.22022738940.14055300730.2027007712Oct-97-0.02812723740.01648304940.01682530950.01911245980.01022858660.0212100695

Nov-97215.94917.858390.825946.71955338569.314.37108.386574907Nov-97-0.33752684870.18661326130.21880596640.23022616280.1146899870.3014779821Nov-9700.00162939430.0088112120.0081243006-0.00326247640.0339407879Nov-970.17674047570.29412973770.02947310430.03007871980.05249730120.0445836678Nov-970.09743560850.0566928190.02050056240.03780502040.02484480410.0192611654Nov-97-0.42084569920.42992519170.17716625380.21898850520.14205600650.2107170749Nov-97-0.02812723740.01580259520.01681476170.01804196090.00936824860.0223679353

Dec-97215.94357.162662.727861.821702.741836.714.33108.0848725412Dec-97-0.33752684870.06291471510.23739798230.18656786340.19610350240.3456944994Dec-970-0.11401439670.07316049790.07380900080.10994220840.0847150454Dec-970.13367722860.23517914780.03374120520.02847925960.05039007730.0592983749Dec-970.09743560850.06782864770.02366128060.02957837080.03790315220.0254933529Dec-97-0.44579997320.34694657670.18023679980.21291357260.15192073480.2209631684Dec-97-0.02812723740.00721025240.01815845610.01474950460.01566398980.0253380449

Jan-98215.94330.362488.427060.52008142279.314.46109.06540523Jan-9800.07193603490.25577563060.18311749630.0873167140.3784375927Jan-980-0.0061508802-0.002781559-0.0287598073-0.07472342150.0105792283Jan-980.18463380490.11603261610.03987030150.02458407270.04975454060.0735895316Jan-9800.06762777950.02198450410.02994155780.04597832310.0229944361Jan-98-0.41718582070.26749804960.18744411170.20616873630.15235343110.2366574286Jan-9800.00790726470.01937460560.01451346610.00794944310.0273384673

Feb-98215.9416961466.726098.519718.241833.514.58109.9705123273Feb-980-0.01665251440.23240515360.13474205960.09445838240.3512767091Feb-980-0.0372491513-0.0163502346-0.0355499714-0.0180668293-0.010544167Feb-980.22027999390.14225324710.04028373110.03209353050.05115014850.0789662815Feb-9800.06741478460.0238791130.03323042990.04560322780.0250354628Feb-98-0.38857166820.24517309520.19400504820.20025430670.15104694830.2499350924Feb-9800.00067951270.01782016790.01108715940.00848339370.0256811153

Mar-98215.93306.262227.425889.519819.842580.214.73111.101896199Mar-980-0.28810128760.2488314920.14252994290.10997983870.3715947855Mar-980-0.20695610460.0123758067-0.00800812310.00515260010.0178493313Mar-980.24296377370.20835034830.03666195210.03397816260.04575614650.0816392176Mar-9800.08339748890.02322858750.03280674690.04529553710.0241436183Mar-98-0.34633396450.19717521080.20434105760.19912097360.1547317170.2668638696Mar-980-0.02451962360.01892984710.01165063970.00965469370.0269376052

Apr-98215.92858.461405.825513.219776.742495.615.06113.5909407167Apr-980-0.45460789930.2103862620.07375624460.09628763230.3569455665Apr-980-0.135442502-0.013203187-0.01453485-0.0021745931-0.001986839Apr-980.24312011610.26873985370.03164518390.04928082440.04821002070.0781383546Apr-9800.07360115620.02501868570.03137562840.04542239220.0250627914Apr-98-0.2931525780.12507960690.20974364850.18770082710.14824795870.2831451321Apr-980-0.04651519640.01631789640.00639074920.00861615610.0260397484

May-98215.92846.761207.525315.319769.842466.415.21114.7223245884May-980-0.44870925890.18641948750.06053103430.0663092490.3302676423May-980-0.004093199-0.0032293366-0.007756769-0.0003488954-0.00068713May-980.2302447340.30777810060.0283304680.05921967420.05165488450.0706436401May-9800.07408196340.02564307780.03164142470.04506900690.0261911354May-98-0.23997119150.06193808120.21210124570.17348521710.13801183510.2963494276May-980-0.04562720520.0146399220.00535961290.00627412730.0243696839

Jun-98215.92838.662848.32548320158.543764.615.26115.0994525456Jun-980-0.45866468330.18351916750.05271637430.07341970320.3303563558Jun-980-0.00284539990.02680717230.00662445240.01966130160.0305700507Jun-980.21085610930.32598652860.02645162160.06812728550.05206740880.0613423836Jun-9800.0728860370.02552209390.0315271640.04520135720.0261926055Jun-98-0.1907906043-0.00621528730.21337992470.16168219670.12838808990.3086300796Jun-980-0.04715538570.01443023180.00473690420.006836990.0243754108

Jul-98215.92799.564094.625604.52081945335.515.46116.6079643745Jul-980-0.46897702920.20872999110.07964799540.09459615770.3587008643Jul-980-0.01377439580.01983028980.00476788450.03276533470.0358943073Jul-980.17501637260.32976334240.02374117360.07030861680.04385810660.0520995059Jul-9800.07183320140.02505398380.03053253830.04580434810.0261786002Jul-98-0.1416100171-0.07486556260.2161400660.15106756170.11789666910.3219034398Jul-980-0.04875140890.01620280590.006825550.0085020110.026176268

Aug-98215.93381.365233.825416.921291.246039.615.4116.1554108258Aug-980-0.36591906390.18177602090.03244767060.05612158850.3491616019Aug-9800.20782282550.0177737282-0.00732683710.02268120470.0155308754Aug-980.16691292660.30641943990.02514380920.07408829940.03974602290.0406786994Aug-9800.10257905890.02383279450.02908916080.04318900090.026346522Aug-98-0.1129958647-0.13660452060.21496384880.13525159070.10630206230.3328947149Aug-980-0.03239232970.01426835560.00304372030.00539731650.0255779078

Sep-98715.93388.165622.525737.322144.946958.515.55117.2867946975Sep-982.3158869847-0.37549997240.16753757170.03559371820.13142930130.3157290117Sep-982.31588698470.00201106080.00595856750.01260578590.04009637780.0199589049Sep-980.71118051710.27221213330.02827572920.07611899690.03698300650.028205012Sep-980.6685389870.10199525380.02391056570.02916497010.04277907250.0255825182Sep-980.1086088699-0.19661508060.21254530110.12148156970.10391231940.339469247Sep-980.1929905821-0.0336733780.01324602670.00330007130.01116636750.0234181502

Oct-98715.93339.767213.526215.523153.94843215.77118.9461577093Oct-982.3158869847-0.31978899340.16123999670.01856816490.1802977010.298333655Oct-980-0.01428529260.02424473310.01858003750.04556353830.0313787706Oct-980.93662243890.24377697850.03177786980.07041374010.04278700160.0258450065Oct-980.6685389870.10022836030.02361288960.0278342690.04377468680.0248124605Oct-980.3297266893-0.23962139090.20773539350.10253706060.10841747980.3406646889Oct-980.1929905821-0.02694567010.01278314090.00188125860.01477386250.0222665972

Nov-98715.93621.569450.826666.92409649124.615.89119.8512648067Nov-982.3158869847-0.26359347680.18941340070.02775690160.2323428630.2736710285Nov-9800.08437883640.03328646770.01721882090.04068860970.0143004625Nov-981.06867657650.20353859160.0319791230.06061087350.05584283320.0305044333Nov-980.6685389870.10510123060.02428606870.02814182360.04396666610.0246194076Nov-980.5508445088-0.27713861910.20528601310.08566462220.11822188610.3383474427Nov-980.1929905821-0.02004988330.01482274550.00263913530.0184364530.0206299034

Dec-98715.93499.272627.329230.425891.751944.315.85119.5495624409Dec-982.3158869847-0.19689701870.15901964010.04912101870.19301745870.241596493Dec-980-0.03377053710.04573741410.09613040890.07452274240.0573989407Dec-981.14026392760.17603842740.03281736750.05221470170.05545733830.0411642597Dec-980.6685389870.10105412240.01901601970.03350106190.03805685780.0187086354Dec-980.7719623282-0.29878959690.19875448450.07421071840.11796471580.3296726089Dec-980.1929905821-0.0133628950.01253748850.00449925270.01548483080.0183535613

Jan-99715.94667.67344529002.224751.952380.915.95120.3038183553337.0Jan-992.31588698470.07789298660.17533814280.07175403260.2326029580.2389254316Jan-9900.33390489250.0112588517-0.0078069407-0.04402182940.0084051571Jan-991.19251655990.17718355270.0279683380.03943001830.06344238540.0456015504Jan-990.6685389870.1424581920.0184100590.03212790450.03198939250.0188010639Jan-990.9649529103-0.29829318430.19205136060.06493042980.13007190280.3180465954Jan-990.19299058210.01497508610.01370752270.00624532490.01804329680.0181723887

Feb-99715.94970.473480.527646.323530.153099.316.2122.1894581415293.5Feb-992.31588698470.19222835210.19545217170.05930609040.19331886280.2693009191Feb-9900.06487273970.0004833549-0.0467516257-0.04936186720.0137149228Feb-991.20943253330.21383683260.024997910.03273272460.06480158840.0463057166Feb-990.6685389870.14210464540.01644834530.03358246060.03619948960.0166090515Feb-991.1579434924-0.28088644540.18897194540.0586440990.13831027620.3112152796Feb-990.19299058210.02348524370.01511032190.00531185370.0154353770.0201939795

Mar-99715.9457075528.327716.224865.653021.516.13121.6614790013333.0Mar-992.31588698470.38225152740.21374667750.07055756190.25458380.2452149121Mar-990-0.08055689680.02786861820.00252836730.0567570899-0.0014651794Mar-991.19251655990.28687030270.01859103860.02013403050.07208965230.0456924379Mar-990.6685389870.12739387310.01681807190.03333940180.03789250750.0177533627Mar-991.3509340744-0.22502371080.18604821080.05264640060.15036060630.3006836235Mar-990.19299058210.0340185110.01640138950.00618989460.01973575120.018584437

Apr-99715.94501.676685.928047.525120.854099.816.11121.5106278184347.7Apr-992.31588698470.57486705850.24883805760.09933289430.2702220290.2730682706Apr-990-0.01496717720.01532670540.01195329810.01026317480.0203370331Apr-991.14026392760.35726720270.02527828080.02362329450.07751121560.0426153044Apr-990.6685389870.11716120420.01403961090.03271350310.03740568550.0165292175Apr-991.5439246565-0.1392341310.18925252710.05477778810.16485513930.2936938488Apr-990.19299058210.04405812140.01877888050.00839724020.02077223180.0204447596

May-99715.94700.877358.527972.825796.955228.216.01120.756371904363.9May-992.31588698470.65131555840.26387289140.10497604220.30486398450.3005152309May-9900.0442509330.0087708431-0.0026633390.02691395180.0208577481May-991.0473992980.40814374350.0331513880.02773381940.08047399050.041133737May-990.6685389870.11618204760.01269221750.03251730810.03682972920.0151366423May-991.7369152385-0.04756539620.19570697750.05848153880.18473470060.2912144812May-990.19299058210.0480867990.01977889550.00882169270.02304413580.0222401661

Jun-99715.94975.378996.727462.925953.456983.815.92120.077541581391.1Jun-992.31588698470.75273021910.25694251080.07769493390.28746682540.3020523437Jun-9900.05839431590.0211767291-0.01822842190.00606662040.0317881082Jun-990.90145778620.44533696290.03722310950.0281953180.07721371830.0394628026Jun-990.6685389870.11508122860.01251156440.03344811090.03715093250.0152015248Jun-991.92990582060.0533841790.20182558940.06056308540.20257196080.2888558135Jun-990.19299058210.05319010870.01930969190.00675061990.02191124570.0223416709

Jul-99715.94726.282361.52890527885.158027.715.88119.7758392152500.5Jul-992.31588698470.68823004110.28499904830.12890312250.33940631150.2799616195Jul-990-0.05006733260.04259418430.05251084190.07442955450.0183192416Jul-990.6685389870.44722875330.04434017750.03417693280.07842313690.0327727167Jul-990.6685389870.11745353840.01420833730.03593764150.04008832550.0146123101Jul-992.12289640270.14981810150.20818134420.06466767930.2229728070.2822942098Jul-990.19299058210.05016569730.02120668310.01072919970.0253832640.0208770821

Aug-99715.94961.884519.229866.228480.959217.215.91120.0021159895523.6Aug-992.31588698470.46742377190.29563508490.17505281920.33768411360.2862231644Aug-9900.04984977360.02619792010.03325376230.02136624940.0204988307Aug-9900.42396033090.0499974150.04502600720.06492301220.0252778113Aug-990.6685389870.10652075190.01423139520.0359933810.04009817890.0145171375Aug-992.31588698470.21926333780.21766959950.07655144170.24643635070.27704934Aug-990.19299058210.03700127630.02190869910.01411091630.02527368440.0212910784

Sep-99715.95120.185299.53000428019.261079.615.97120.4546695382478.1Sep-9900.51120096810.29985142290.16577885020.26526649480.3007144606Sep-9900.03190374460.00923222180.0046139114-0.01621086410.0314503219Sep-990.6685389870.38649124290.05246546530.04970129180.05393617950.0234981232Sep-9900.1059762330.0139259470.03609754890.04147677350.0147975774Sep-992.12289640270.29315508290.22869575380.08740020270.25758945020.2757981274Sep-9900.03949233330.02218150360.01344492670.02058141420.0222486965

Oct-99715.94510.784656.329317.527469.663088.316.15121.8123301842422.0Oct-9900.35063029610.25951334180.1183269440.18639192530.302616039Oct-990-0.1190211129-0.0075404897-0.0228802826-0.01961512110.0328865939Oct-990.90145778620.33483755620.04849884340.04528866860.053165440.0239005551Oct-9900.11475702730.01631563740.03751759390.0421697690.0148882761Oct-991.92990582060.3490233570.23688519920.09571343430.25809730220.2761549928Oct-9900.03076434830.01953273510.00998990010.01514985930.0223743484

Nov-99715.94108.485537.729488.327975.464714.716.18122.0386069586409.0Nov-9900.13444705230.23163016120.10580157420.1609976760.3173583093Nov-990-0.08918793090.0104115110.00582587190.01841308210.0257797405Nov-991.0473992980.28457602650.04621986820.03992925320.05987340610.0266562237Nov-9900.11826953520.01589347070.03746214280.04142710420.0146898119Nov-991.73691523850.38219340110.24040326260.1022171570.252151870.2797955995Nov-9900.0163004510.01762648870.00904048760.01329356530.0233309549

Dec-99715.9513590088.435478.728919.866501.216120.6809463126547.0Dec-9900.46747828070.24042061320.21376033170.11695253690.2802405654Dec-9900.24987829810.05320110310.20314497610.03375823040.0276057835Dec-991.14026392760.21866611780.0385222110.04757925050.06989140760.0238035065Dec-9900.13457383830.01718697550.06365752720.03742819330.0102574739Dec-991.54392465650.43755800940.2471866770.11593709980.24581312650.2830159388Dec-9900.03993785390.01824846280.01795836830.00989652260.0208481918

Jan-00715.95405.490018.33391828143.166846.716.16121.8877557757443.8Jan-0000.15806838630.2256559330.16949748640.13700766410.2761655489Jan-0000.0526582278-0.0007781246-0.0439897741-0.02685703220.005195395Jan-001.19251655990.20762366040.03221227780.04769415710.07665476270.0195867819Jan-0000.09833377540.01796561280.06580944250.03545630950.0106459376Jan-001.35093407440.44423929270.25137982620.12408238760.2378468520.286119282Jan-0000.01650063190.01724538140.01494313210.01132692240.0205807117

Feb-00715.95145.391411.132214.527810.46890316.32123.0945652388379.4Feb-0000.03518831480.24401848110.16523730120.18190742920.2976253924Feb-000-0.04811854810.0154724095-0.0502240698-0.01182172540.0307614288Feb-001.20943253330.22881939780.02720907080.04429723840.07732523090.01907578Feb-0000.098689920.01719897180.06611231910.03098964780.0107829348Feb-001.15794349240.43115262290.25542701860.13290998850.23689589920.2884796547Feb-0000.00708469120.01849446930.01465376180.01445526750.0220012538

Mar-00715.96090.291945.230121.527077.170695.216.24122.4911605072375.0Mar-0000.33264770240.21736090980.0867831810.08893813140.3333308186Mar-0000.1836433250.0058428353-0.064970743-0.02636783360.0260104785Mar-001.19251655990.23022683330.02672138760.04242921020.08793758280.017826165Mar-0000.10652007650.01728270860.06999518510.02994724090.0078710032Mar-000.96495291030.42701897080.25572820470.13426212340.22309209350.2958226469Mar-0000.02910137640.01665898740.00902883590.00752819060.024290892

Apr-00715.9617495100.231562.827670.372124.716.29122.8682884645387.5Apr-0000.37151235120.24012628140.12533380870.10148960220.3331786809Apr-0000.01375981080.03431391740.04784954270.02190781140.020220609Apr-001.14026392760.22579640380.02704202020.0411272340.09305745320.0192403465Apr-0000.10575974050.01800376450.07089281390.03023123490.0078763898Apr-000.77196232820.41007274520.25500222330.13642886630.20903105790.3008318478Apr-0000.0314952920.0182412550.01202018970.0084985770.02428119

May-00715.96202.694525.930231.427446.972881.716.26122.6420116901361.6May-0000.31947753570.22192002170.08074272150.06396117360.3196464849May-0000.0046323291-0.0060388937-0.0421825694-0.00807363850.0104957109May-001.0473992980.21355374030.02846537370.04334708960.09642789430.0199897478May-0000.10594357820.01918107610.07253581390.02997984860.0087997133May-000.57897174620.38241957670.25150615080.13440942290.18895582370.302426119May-0000.02819374170.01700711030.00872692050.00558294440.0234176869

Jun-00715.96263.695266.429140.826903.173912.216.37123.471693196287.0Jun-0000.25893915940.20595417280.06109697080.03659250810.2970739052Jun-0000.00983458550.0078338318-0.0360750743-0.01981280220.0141393519Jun-000.90145778620.1807699460.03124948040.04553110480.10024835630.0200497818Jun-0000.10561204280.01930373890.0733174750.03085980390.0087482544Jun-000.38598116410.34127032170.24725712270.13302625930.16804963060.3020112491Jun-0000.02414709750.01589520220.00723969940.00342632590.0219469572

Jul-00715.96402.296192.330962.826998.673845.616.49124.3768002934226.9Jul-0000.35461893280.16792797610.0711918353-0.03179117160.2725922275Jul-0000.02212784980.00971906150.06252402130.0035497768-0.0009010691Jul-000.6685389870.14459282890.03626713330.04892744440.09983531840.020882133Jul-0000.10302466160.01741008670.07393393750.02135308650.0109541958Jul-000.19299058210.3134693960.23750120.12821698530.1371165070.3013971331Jul-0000.03016336270.01315560860.008074131-0.00248032230.0203452646

Aug-00715.96372.195045.929529.226494.374213.316.47124.2259491105197.3Aug-0000.28423152890.1245480317-0.0112836585-0.06975200920.2532389238Aug-000-0.0047015089-0.0119177938-0.0463007222-0.01867874630.0049793082Aug-0000.13629321150.0441155430.06083228580.09456673170.0248541175Aug-0000.10328024870.01827001670.0750295090.02039517280.0118166146Aug-0000.29820337570.22324394550.11268894550.10316349670.2986484464Aug-0000.02561742250.00997929910.0014445907-0.00581740520.0190519711

Sep-00715.96378.895440.629668.526360.175318.416.53124.6785026592217.9Sep-0000.24583504230.1188881529-0.0111818424-0.05921296830.23311875Sep-0000.00105145870.00415273040.0047173645-0.00506524040.0148908619Sep-0000.11902652350.04641751530.06783809640.0902956550.0311945601Sep-0000.10349332620.01834757670.07502991220.02013089780.0111872517Sep-0000.27608954860.2081636730.09794222120.07612354150.2930154705Sep-0000.02304639870.00955600820.0014532118-0.00488860320.0176720161

Oct-00715.95941.495734.830080.127294.676438.816.56124.9047794335249.0Oct-0000.31717915180.13086444840.0260117677-0.00637067890.2116161Oct-000-0.06857089110.00308254560.01387330.03545130710.0148755151Oct-0000.11750405430.04829795130.07049845870.08593659740.0387857877Oct-0000.09808067270.01769227030.07469570740.02259430530.0101175114Oct-0000.27330195320.19744293190.09024928980.06005999110.2854321422Oct-0000.02725058380.01044126110.0045160103-0.00029973420.0161710928

Nov-00715.95516.697556.931026.828042.478049.816.62125.3573329822216.7Nov-0000.34276117220.14051348120.05217323480.00239496130.2060598288Nov-000-0.07149830010.01903278640.03147263470.02739736070.0210756841Nov-0000.11029172020.04958001310.07112000440.08105928850.0434805236Nov-0000.09628808080.01786515210.07510239470.0234050540.0097974454Nov-0000.29066146320.18984987530.08578026150.04684309820.2761572689Nov-0000.02872471970.01115970070.00665324060.00044895560.0157790881

Dec-00674.44369.1102301.931907.533115.181321.716.67125.7344609394441.7Dec-00-0.0579689901-0.14915287240.1355723933-0.10065757760.14506670170.2228606401Dec-00-0.0579689901-0.2080085560.04863828190.0283851380.1808939320.0419206712Dec-000.0167342060.15500533630.04909406970.07733078670.08363522880.0460687246Dec-000.0167342060.09127748920.01691215230.04406839350.05694699890.0119936521Dec-00-0.00483074920.23927553380.18111252360.05957876910.04918594530.2713756084Dec-00-0.0048307492-0.00943251810.0107794656-0.00791007930.01271026410.0169719954

Jan-01674.44311.3104676.232824.731289.58438516.96100332.6100Jan-01-0.0579689901-0.20240870240.1628324463-0.03223362230.11180005050.2623659807Jan-010-0.01322926920.02320875760.0287455927-0.05512892910.0376689125Jan-010.02256439880.20044380680.04722639010.07307322630.08151870190.0461105018Jan-010.0167342060.0891601070.01683932550.04365492870.05927021670.0127354952Jan-01-0.00966149830.20923577640.1758772330.04276784340.04708531080.2702256444Jan-01-0.0048307492-0.01492314290.0127783725-0.00184879870.01035427270.0196781219

Feb-01674.44249.3104453.831169.930975.885247.717.08100.7075471698316.795.2142352388Feb-01-0.0579689901-0.1741395060.1426817968-0.03242639180.11382072890.2372131838Feb-010-0.0143808132-0.0021246472-0.0504132559-0.01002572750.0102233809Feb-010.02621746220.22461836180.04278550960.06476261130.07322976440.046144932Feb-010.0167342060.08854802390.01734209060.04367401710.05921136650.0124882588Feb-01-0.01449224750.19179179130.16743250940.02629586890.04141141910.2651912937Feb-01-0.0048307492-0.0121116650.0113119511-0.00186456420.01050393920.0179666179

Mar-01674.44129.7107431.4307303234486897.916.96100373.0112.1356749488Mar-01-0.0579689901-0.32191061050.16842858570.02020151720.19451492220.2291909493Mar-010-0.02814581230.0285063827-0.01411297440.04416996490.019357707Mar-010.02854195770.26342730260.03982371850.06189812290.08487509810.0417483509Mar-010.0167342060.06356633550.01791688740.03923554570.05871741810.0122439813Mar-01-0.01932299670.13724526530.16335481570.0207473970.0502094850.2565129712Mar-01-0.0048307492-0.02976075970.013200580.00237358320.01638208910.0174122203

Apr-01674.44004110207.231509.233601.888159.816.999.6462264151423.1127.1843034649Apr-01-0.0579689901-0.35147392290.158853504-0.00169820170.21436341490.2223246682Apr-010-0.03043804630.02583788350.02535632930.03888820180.0145216398Apr-010.02984989380.28663243210.03165320510.05254078950.09652920380.0349536457Apr-010.0167342060.06207846950.01715995570.03735783990.05906625770.0122356697Apr-01-0.02415374590.07699640910.15658208420.01016139610.05961563610.2472751369Apr-01-0.0048307492-0.03344391450.01249424390.00049914870.01779712160.0169373062

May-01674.43902.5113571.231744.234514.989354.216.8899.5283018868460.4138.4119440975May-01-0.0579689901-0.37082836230.20148234510.05004068620.25751542070.2260169562May-010-0.02534965030.03052432150.00745813920.02717413950.0135481251May-010.03027331770.30238136750.02817697070.04944782670.11221742810.0268380469May-010.0167342060.06100067590.01681261880.03486733130.05853681760.0121207699May-01-0.0289844950.01947091760.15487894450.00760289310.07574515670.2394726761May-01-0.0048307492-0.03594241280.01554117850.00463587440.02073443640.017191674

Jun-01674.43750.5116676.131727.635800.291398.816.8899.5283018868502.7151.1411820143Jun-01-0.0579689901-0.40122293890.22473505870.08876901110.33070910040.2365861116Jun-010-0.03894939140.0273387972-0.00052293020.03723898950.0228819686Jun-010.02984989380.31465707950.03158705530.05270714440.13307046370.0197912314Jun-010.0167342060.05927370440.0169421010.0325254320.05724685670.0121832114Jun-01-0.0338152442-0.03554259060.15644401840.00990889650.10025487270.2344320267Jun-01-0.0048307492-0.04000774420.01716659230.00759855310.02548875240.0179202254

Jul-01674.43615.7119237.23375636190.39359916.8899.5283018868507.5152.5774103031Jul-01-0.0579689901-0.43524101090.23957115070.09021147960.34045098630.2674959646Jul-010-0.03594187440.02195051090.06393171880.01089658720.0240725261Jul-010.02854195770.30816801390.03968704030.05495554770.1425406570.0189340482Jul-010.0167342060.05602092460.01682080810.03274334680.05702977160.0107211488Jul-01-0.0386459934-0.10136425260.16241428290.01149386690.13127505260.2340073381Jul-01-0.0048307492-0.04484688790.01818587970.00771586120.02610098660.0200013584

Aug-01674.43525.5120834.733846.536442.894323.516.999.6462264151528.5158.8773197924Aug-01-0.0579689901-0.4467287080.27132995740.14620443490.37549586140.2709783826Aug-010-0.024946760.01339766450.00268100490.00697700770.0077404673Aug-010.02621746220.29706290030.04857892630.06659407630.14340270050.0211364833Aug-010.0167342060.05499751370.0140635740.02812475250.05566294170.0103940781Aug-01-0.0434767426-0.16227760570.174646110.02461787460.16837904180.2354856263Aug-01-0.0048307492-0.04653399210.02029550120.01179767180.02823896610.020231455

Sep-01674.43413.2121270.533904.935692.897095.217.11100.8844339623995.9299.3890334154Sep-01-0.0579689901-0.4649150310.27063849140.14279117580.35404645660.2891298806Sep-010-0.03185363780.00360657990.0017254369-0.02058019690.0293850419Sep-010.02256439880.27857533230.05234987770.07354043380.13302426290.0261550045Sep-010.0167342060.05320022260.01412132950.02820636930.05667777740.0105579135Sep-01-0.0483074917-0.22150677840.18729197160.03744895950.20281732720.2401532205Sep-01-0.0048307492-0.04927608350.02024998870.01154834450.02694605310.0214393033

Oct-01674.43379.6123623.135423.336092.999639.217.16101.179245283927.9278.9569998434Oct-01-0.0579689901-0.43117783690.2913078630.17763238820.3223458120.3035160154Oct-010-0.00984413450.01939960670.04478408730.01120954370.0262010892Oct-010.0167342060.22578266820.05691754230.08371759860.11915341220.0301836859Oct-010.0167342060.0539596540.01306399030.02980417610.05677899850.0104231698Oct-01-0.0531382409-0.28386986080.20066225610.05008401120.23021036810.2478115468Oct-01-0.0048307492-0.04438218710.02160974380.01412424340.02492590610.0223831011

Nov-01674.43307.2125718.737014.935781.6102673.817.17101.2382075472892.5268.3137669841Nov-01-0.0579689901-0.40050030820.28867050920.19299766650.27598208430.3154908789Nov-010-0.02142265360.01695152440.0449308788-0.0086249650.0304558848Nov-0100.11105104750.05872434950.09335285980.09540849480.0328370084Nov-010.0167342060.05360713940.01311502810.03075440320.05758299960.0106651314Nov-01-0.0579689901-0.34580831750.21300867510.06181938050.2530092950.256930801Nov-01-0.0048307492-0.04020921660.02143630530.01524576380.02192404570.0231647845

Dec-01924.43275.6132707.539796.938550.5107879.717.19101.3561320755962.2289.267794501Dec-010.3706998814-0.25028037810.29721442120.24725848150.16413660230.3265794985Dec-010.3706998814-0.00955491050.05559077530.07515892250.07738334790.0507032953Dec-010.12374604420.09781972230.05787991180.09232555390.09358857580.0364998863Dec-010.10701183820.01005466880.0145057850.03521207740.03488325930.0122524718Dec-01-0.0222465841-0.35423560970.22647884410.09081238540.25459845340.2655740392Dec-010.0308916568-0.02367141280.02201567970.01914357920.01329816360.0238966699

Jan-02174.43178.2133653.13983636650.8108742.517.63103.9504716981885.3266.1503300769Jan-02-0.7413997628-0.26282095890.27682414910.21359829640.17134501990.2886472714Jan-02-0.8113370835-0.02973501040.00712544510.0009824886-0.04927821950.0079977975Jan-020.24222941550.09058234360.05580149020.08977954610.08665045770.0370738603Jan-020.26620330060.00961573320.01511572140.03543520130.03386597070.01

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