Economic Information System (SIE)

1/ Defined according to Banco de México Law of April of 1994. The fixing exchange rate was used for conversion into domestic currency.

2/ According to Article 11 of the Banco de México Law, the Central Bank can only grant credit to the Federal Government through the Treasury's current account with the Bank. Under such Law, Banco de México's holdings of government securities are not considered as credit. Beginning December 1994, securities acquired through repo transactions are not included as securities held by Banco de México but as credit granted to financial intermediaries. When monetary regulation deposits exceed the Bank's own position of securities, the net balance is reported in the column labeled 'net monetary regulation deposits' and not under 'net holdings of government securities'.

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5/ Includes direct credit and investments derived from the process to determine the TIIE and TIIP interest rates. Beginning December 1994, repo transactions are included. See footnote 2/

6/ Temporary capitalization program.

1/In accordance with its law, Banco de México started to issue bonds (BREMS) to facilite the conduction of monetary policy and its liquidity management in the money market.

2/Up to January 1992, includes all bank deposits at the Central Bank (excludes special deposits). Beginning February 1992 only current account balances (cuenta única) at the Central Bank are considered when the total of these balances is not negative. If the latter is the case,the overdraft is included in Assets as a credit to banks.

3/Includes time deposits derived from the process to determine the TIIE and TIIP interest rates. Includes deposits derived from the PROCAPTE program. See assets of Banco de México, FOBAPROA.