Monthly Bulletin of Statistics

Last Produced for Monthly Bulletin of Statistics No. 2/2010
I. FINANCIAL AND CAPITAL MARKETS
TABLE I/2. VELOCITY OF MONEY AS DERIVED FROM DEBITS CURRENT ACCOUNTS OF THE PUBLIC IN BANKING INSTITUTIONS


			NIS million			Number of business days in month	Annual velocity of demand deposits⁽²⁾	Smoothed annual velocity of demand deposits⁽³⁾
			Debits on current accounts and overdraft accounts⁽¹⁾	Average monthly current account balances	Unutilized lines of credit	Number of business days in month	Annual velocity of demand deposits⁽²⁾	Smoothed annual velocity of demand deposits⁽³⁾


1994	⁽⁴⁾		232,129	7,237	9,272			169		⁽⁴⁾	1994
1995	⁽⁴⁾		267,319	7,376	10,633			178		⁽⁴⁾	1995
1996	⁽⁴⁾		338,219	8,189	10,146			221		⁽⁴⁾	1996
1997	⁽⁴⁾		437,877	9,302	11,213			256		⁽⁴⁾	1997
1998	⁽⁴⁾		545,075	10,479	12,307			287		⁽⁴⁾	1998
1999	⁽⁴⁾		654,243	11,582	13,616			312		⁽⁴⁾	1999
2000	⁽⁴⁾		880,365	13,930	15,408			360		⁽⁴⁾	2000
2001	⁽⁴⁾		1,017,971	15,971	18,367			356		⁽⁴⁾	2001
2002	⁽⁴⁾		1,018,803	17,786	20,028			323		⁽⁴⁾	2002
2003	⁽⁴⁾		963,629	17,781	18,709			325		⁽⁴⁾	2003
2004	⁽⁴⁾		986,216	23,507	21,183			289		⁽⁴⁾	2004
2005	⁽⁴⁾		1,199,839	30,194	24,856			259		⁽⁴⁾	2005
2006	⁽⁴⁾		1,346,202	32,004	37,312			245		⁽⁴⁾	2006
2007	⁽⁴⁾		1,773,267	39,366	41,331			252		⁽⁴⁾	2007
2008	⁽⁴⁾		1,673,145	44,229	47,831			246		⁽⁴⁾	2008
2009	⁽⁴⁾		1,457,613	69,761	44,422			176		⁽⁴⁾	2009
2007		I	1,694,787	34,225	40,016	27	255	236	I		2007
		II	1,725,776	35,121	40,616	24	287	241	II
		III	1,687,438	36,805	41,278	25	261	242	III
		IV	1,561,149	37,816	41,581	23	258	244	IV
		V	1,910,474	39,936	41,941	26	271	247	V
		VI	1,874,535	39,575	41,920	25	278	251	VI
		VII	1,902,827	41,850	42,258	26	263	254	VII
		VIII	1,871,642	42,261	41,724	27	249	258	VIII
		IX	1,489,200	41,791	40,451	21	260	258	IX
		X	1,887,571	41,816	41,877	26	262	262	X
		XI	1,790,710	40,328	41,129	26	256	263	XI
		XII	1,883,100	40,868	41,182	26	267	264	XII
2008		I	2,049,747	41,086	42,362	26	285	266	I		2008
		II	1,737,148	41,014	43,143	26	240	263	II
		III	1,845,460	41,507	44,137	26	251	263	III
		IV	1,712,466	43,493	44,805	26	225	263	IV
		V	1,595,408	43,465	48,359	26	202	256	V
		VI	1,611,870	43,958	51,988	26	195	250	VI
		VII	1,729,258	44,867	52,661	26	206	244	VII
		VIII	1,497,221	44,539	52,678	26	179	237	VIII
		IX	1,622,134	45,460	50,432	26	196	236	IX
		X	1,514,146	48,182	48,385	26	182	229	X
		XI	1,527,401	46,076	47,819	26	189	223	XI
		XII	1,635,479	47,104	47,203	26	201	218	XII
2009		I	1,566,772	50,582	48,359	26	183	210	I		2009
		II	1,403,524	56,292	47,575	23	177	203	II
		III	1,500,586	61,412	47,130	26	160	195	III
		IV	1,282,672	68,678	46,773	22	152	186	IV
		V	1,354,063	70,267	44,114	25	143	181	V
		VI	1,406,493	72,671	43,765	26	140	176	VI
		VII	1,388,546	74,722	43,828	26	136	169	VII
		VIII	1,440,247	76,980	43,250	26	139	166	VIII
		IX	1,426,930	75,895	42,007	22	166	161	IX
		X	1,430,542	77,000	42,238	26	139	158	X
		XI	1,557,782	76,354	42,626	26	152	155	XI
		XII	1,733,199	76,280	41,402	27	164	153	XII

(1) Excluding debits due to oversubscription of new issues.
(2) "Annual velocity of demand deposits" is calculated by:
{S/ (A+U)} x (DY/DM)
Where:
S - Sum of monthly debits on credit accounts and overdraft accounts;
A - Monthly average of current accounts;
U - Unutilized lines of credit;
DY - Business days in a year;
DM - Business days in a month.
(3) "Smoothed annual velocity" is calculated as sum of
debits and overdraft for the last 12 months divided
by average current account balances and average
unutilized lines of credit, for the last 12 months.
(4) Annual average.