Economic Information System (SIE)

1/ Includes cash in vault of commercial and development banks.

2/ Up to January 1992, includes current account balances of banks (cuenta única) and other deposits (except special deposits). Beginning February of 1992, only current account balances of banks(cuenta única) in domestic currency are considered.

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

4/ 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 holding of goverment securities are not considered as credit. Beginning December 1994, securities acquired through repo transactions are not included as securities held by Banco de Mexico 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 line labeled "net monetary regulation deposits" and not under "net holdings of government securities".

5/

6/ Includes direct credit plus credit drawn from the Treasury's current account minus Federal Government deposits. In accordance with footnote 4/, beginning April 1994, Banco de México can only grant credit to the Federal Government through the Treasury's current account with the Bank.

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

9/ Credit and overdrafts of the current account balances of banks(cuenta única) minus deposit (except treasury's current account deposits). Beginning December 1994, includes repo transactions with financial intermediaries (see footnote 4/).