Financial Conditions (December 2004)
PRESS RELEASE Release Date: January 25, 2005
Financial Conditions (December 2004)
Monetary Aggregates For the month of December 2004, the annual growth rates of the monetary aggregates M1A, M1B, and M2, measured on a daily average basis, were 14.77%, 14.35%, and 7.31%, respectively. These growth rates were higher than those recorded in the previous month mainly due to the substantial increase in bank loans and investments. Meanwhile, the annual growth rate of M2 plus bond funds held by the general public also rose from 6.14% to 6.33%.
Direct and Indirect Finance At the end of December, the annual growth rate of total outstanding loans and investments of major financial institutions, including monetary institutions, the Chunghwa Post Co., as well as money market mutual funds, rose from 8.19% in the previous month to 8.61% mainly due to the significant increase in claims on private enterprises and individuals. If (1) loans and investments extended by life insurance companies and investment and trust companies, (2) non-accrual loans reclassified and bad loans written-off by major financial institutions, and (3) funds raised directly from capital markets were all taken into account, the total outstanding amount of funds raised by non-financial sectors showed an annual growth rate of 8.14%, lower than the 8.38% posted in November.
Notes: 1. The upcoming Financial Conditions (January 2005) is scheduled for release at 16:20 on February 25, 2005.
2. For the release schedule for the next six months, please check the CBC website at http://www.cbc.gov.tw/EngHome/ESDDS/calacal.asp
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