Monthly Bulletin of Statistics

Last Produced for Monthly Bulletin of Statistics No. 8/2008
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⁾		1,758,683	42,421	45,799			260		⁽⁴⁾	2008
2005		VIII	1,290,909	31,322	25,335	26	264	259	VIII		2005
		IX	1,204,415	31,516	25,415	26	245	262	IX
		X	1,038,767	31,788	25,116	20	275	260	X
		XI	1,254,270	30,244	26,005	26	258	261	XI
		XII	1,412,062	31,058	27,995	26	277	262	XII
2006		I	1,341,974	31,479	33,488	26	240	260	I		2006
		II	1,150,776	30,939	31,980	24	230	257	II
		III	1,263,168	30,917	32,675	25	240	253	III
		IV	1,216,766	31,871	34,304	23	241	251	IV
		V	1,373,386	31,474	35,149	26	239	250	V
		VI	1,283,210	31,271	36,013	25	230	246	VI
		VII	1,393,267	32,483	40,247	26	223	243	VII
		VIII	1,317,642	32,357	40,213	26	211	239	VIII
		IX	1,286,128	32,638	40,532	24	221	235	IX
		X	1,380,934	32,348	41,713	25	225	235	X
		XI	1,471,832	32,252	40,628	26	235	234	XI
		XII	1,675,339	34,022	40,801	26	260	233	XII
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

(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.