Economic statistics - 01.05.1986, Blaðsíða 10

II. Money and Credit
Table 4. Monetary Survey1)
(Millions ofkrónur)
Lending2 Money
Position atthe endof Liquid foreign assets Govern- ment Muni- cipal- Non-bank financ. Private Money suppiy Money andgen. sav.dep. Broad money Foreign bor- Other items
period net net ities instit. sector Totai (M1) (M2) (M3) rowing net
(1) (2) (3) (4) (S) (6) (7) (8) (9) (10) (11)
1973 63 20 10 32 293 355 97 260 344 14 60
1974 21 61 20 37 466 584 124 336 439 54 112
1975 -33 128 22 64 607 821 171 442 566 131 91
1976 -3 156 31 79 765 1031 208 548 750 161 117
1977 62 179 35 89 1094 1397 306 783 1079 210 170
1978 204 325 61 104 1618 2108 429 1122 1606 370 336
1979 447 335 108 118 2548 3108 625 1677 2503 561 491
1980 982 422 221 161 4185 4989 1012 2775 4139 1122 710
1981 1699 474 514 316 6988 8292 1620 4841 7056 1803 1130
1982 1686 515 920 520 13528 15481 2092 7136 11152 3691 2324
1983 2549 1513 1599 921 25169 29202 3722 12394 19924 8080 3747
1984 2443 1718 1804 1654 36660 41836 5305 18672 26581 11930 5768
1985: Feb. 2182 3011 1494 1564 37703 43775 4939 19894 27844 11690 6424
March 1985 3398 1474 1689 38308 44868 4947 20724 28575 11593 6685
April 3683 3624 1520 1659 38879 45682 5258 21876 29504 12299 7561
May 4388 4136 1525 1776 40390 47828 5748 23166 30569 14031 7616
June 4731 4355 1522 1767 42199 49844 5934 22930 31763 15664 7146
July 8149 1869 1631 2010 42967 48475 5943 24284 32415 15778 8430
August 7611 2954 1779 2046 43109 49886 5941 24470 32538 16028 8931
Sept. 6581 3481 1892 2084 44615 52073 5913 24859 33216 15984 9454
Oct. 6477 3739 1880 2007 45524 53151 6202 25811 34137 15917 9573
Nov. 6174 3297 1974 2016 46667 53956 6157 25880 34196 15706 10227
Dec. 7811 3787 2074 2135 47733 55729 6752 30092 39179 16766 7594
1986: Jan. 7259 4636 2219 2135 47679 56668 6670 30692 40225 16192 7510
Feb. 6439 5341 2152 2179 48845 58518 6599 30823 40683 16122 8152
March 6172 6875 1967 2190 49445 60477 7194 32329 42208 15524 8917
') Consolidated accounts of the Central Bank and deposit money banks (DMB's). 2) Including foreign funds relent.
Table 5. Main Average Nominal Interest Rates in Deposit Money Banks
Total Interest rate')
Interest rates on deposits, percentp.a.
General savings deposits
3 month time deposits2) ...........
Checking accounts ................
Overdrafts accounts ...............
3 month indexed deposits...........
6 month indexed deposits ..........
Interest rates on loans, percentp.a.:
General loans, discount rate .....
Overdrafts
Export produce loans3).............
Other produce loans ...............
Mortgages4) .......................
Mortgages issued before Aug. 11 '844)
Indexed securities, maxim, 21/2 years
Indexed securities, over 21/2 years ...
Penalty interest rate per cent per month
Sept. 21 Oct. 21 Nov. 21 Dec. 21
- Oct. 20 -Nov.20 -Dec.20 -Jan. 20
1985 1985 1985 1986
22.0 22.0 22.0 22.0
24.1 24.1 24.1 24.1
9.3 9.3 9.3 9.4
9.2 9.2 9.2 9.3
1.1 1.1 1.1 1.1
3.2 3.2 3.2 3.3
30.0 30.0 30.0 30.0
31.5 31.5 31.5 31.5
9.5 9.5 9.5 9.75
27.5 27.5 28.2 28.5
32.0 32.0 32.0 32.0
32.0 32.0 32.0 32.0
4.0 4.0 4.0 4.0
5.0 5.0 5.0 5.0
3.75 3.75 3.75 3.75
Jan. 21 Feb. 21 March21
-Feb.20 - March 20 -April 20 May 1
1986 1986 1986 1986
22.0 15.4 9.7 8.5
24.1 17.0 10.7 9.3
9.4 6.2 3.8 3.4
9.3 6.1 3.7 3.3
1.1 1.0 1.0 1.0
3.3 3.2 3.1 3.0
30.0 23.0 16.7 15.25
31.5 23.5 16.7 15.25
10.0 10.0 9.25 8.0
28.5 22.3 16.4 15.0
32.0 24.0 17.0 15.5
32.0 32.0 24.0 15.5
4.0 4.0 4.0 4.0
5.0 5.0 5.0 5.0
3.75 3.08 2.42 2.25
’) Base rate + price compensation factor. 2) Before June 1st, 1981 those accounts were known as interest premium deposits. As of
March 1 st, 1981, the nominal rates are based on two interest bookings per year, i.e. June 30th and December 31 st.
3) Principal was foreign exchange rate linked from 1 st of January 1979 to end of 1981. As of January 1 st, 1982 to the 20th of September 1983,
all produce loans carry a 29 per cent interest rate. As of 21 st of September 1983, export produce loans were linked to SDR and carry a 9.5
per cent annual interest rate. As of November 1 st, 1985 export produce loans are denominated in four currencies. As of April 21 st, 1986, SDR
denominated loans carry 8,0 per cent interest rate, $-loans 8,25 per cent, £-loans 11,5 per cent and DM-loans 6.0 per cent. 4) Treasury
guaranteed securities carry a one percentage point lower rate. From August 11,1984, DMB’S were given certain freedoms to decide interest
rates on new mortgages, but interest rates on older mortgages are still decided by the Central Bank.