MAY 2012 VOLUME 22 - NO. 5

Pages

Figures 1-6 1

Monetary Aggregates 2

Commercial Banks Assets and Liabilities 2

Commercial Banks Deposits and Loans 2

Interest Rates (Selected) 3

Securities 4

Instalment Credit 4

Near-Banks 4

Building Societies 4

Inflation Rates 4

Actual Production 4

Stock Market Activities 4

External Trade 5

Tourism 5

Balance of Payments 5

BOJ Net International Reserves 7

Foreign Exchange 7

CONTENTS

2012 Bank of JamaicaNethersole Place

KingstonJamaica

Telephone: (876) 922 0750-9Fax: (876) 922 0854

E-mail: library@boj.org.jmInternet: www.boj.org.jm

ISSN 1018-9084

1

Economic Statistics: May 2012 (Revised) Document Change Control

The following are revisions to the previously published Economic Statistics (May 2012 - Provisional)

CATEGORY DESCRIPTION PAGE No.

III. SELECTED INTEREST RATES

G.O.J. Treasury Bills (Weighted Avg.) Yield

1 Month Data revised 4

3 Months Data revised 4

6 Months Data revised 4

IV. SECURITIES (J$mn.) (Outstanding Balances)

G.O.J. Treasury Bills Data revised 4

XII. REMITTANCES (US$mn.)

Net Remittances Data revised 6

Total Remittance Inflows Data revised 6

2

II. COMMERCIAL BANKS (J$mn.) *Assets & Liabilities (J$mn.)**................................

Loans**.....................................................................Agriculture...........................................................Manufacturing......................................................Construction & Land Development................... Mining..................................................................

Tourism.................................................................Transport, Storage & Communication...............

Consumer-Oriented.............................................Government Services..........................................Other.....................................................................

Loan Quality (%) - 3 mths & Over Past Due Loans / Total Loans ..............................

May 2011580,364.98

May 2011253,959.49

4,428.398,126.89

20,125.73519.49

30,801.108,869.79

144,494.9829,261.56

7,331.56

7.94

Apr 2012614,465.67

Apr 2012277,917.51

5,990.448,143.81

22,569.57524.11

28,162.1711,494.31

167,170.4526,027.67

7,834.98

8.05

May 2012618,693.80

May 2012286,924.24

5,886.658,752.02

22,851.94552.60

30,400.5311,873.41

172,608.5426,273.45

7,725.10

7.71

% Change

p.a.

6.60

12.9832.93

7.6913.55

6.37-1.3033.8619.46

-10.215.37

May 2011 109,186.74

43,546.32 65,640.42

233,310.74 55,741.04

177,569.70342,497.48311,086.08

May 2011100,616.40

43,546.3257,070.08

130,442.9030,340.89

100,102.01231,059.30233,424.63

May 201179,357.85

May 2012 115,022.65 46,569.16 68,453.49

237,284.39 57,200.45

180,083.94352,307.04344,344.38

May 2012104,949.52

46,569.1658,380.36

132,968.2229,219.17

103,749.05237,917.74274,441.75

May 201283,738.06

% Change

p.a.

5.346.944.291.702.621.422.86

10.69

4.316.942.301.94

-3.703.642.97

17.57

5.52

1. MONETARY AGGREGATES (J$mn.)Local and Foreign CurrencyMoney Supply (M1)...................................................

(a) Currency with the Public...............................(b) Demand Deposits (adj.)***............................

Quasi-Money..............................................................(a) Time.................................................................(b) Savings.............................................................

Money Supply (M2)..................................................Domestic Credit .......................................................

Local CurrencyMoney Supply (M1)...................................................

(a) Currency with the Public................................(b) Demand Deposits (adj.)***...........................

Quasi-Money..............................................................(a) Time.................................................................(b) Savings.............................................................

Money Supply (M2)...................................................Domestic Credit ........................................................

Base Money...............................................................

ncludes provision for loan losses; and excludes loans acquired by FINSAC. *** Excludes Deposits of Government, Public Entities, Financial Institutions and Non Residents + Revised

Fig.1 Fig. 2

Apr 2012 114,229.79 47,538.03 66,691.76234,351.07 55,062.29

179,288.78348,580.86347,782.56

Apr 2012104,963.11

47,538.0357,425.08

131,353.1528,905.77

102,447.38236,316.26276,709.56

Apr 201284,966.58

30.00

45.00

60.00

75.00

90.00

105.00

120.00

J

$

B

N

Money Supply - M1 (Local and Foreign Currency)

May 2011 - May 2012

Curr with Public Demand Deposits Money Supply (M1)

00.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

75.0

77.0

79.0

81.0

83.0

85.0

87.0

89.0

91.0

J

$

B

N

Base Money & Money Supply May 2011 - May 2012

Base Money - l.h.s Money Supply (1) Money Supply (2)

0

3

DEPOSITS..........................................................................Private Sector (including overseas residents)............... Time..............................................................................

Savings.......................................................................... Demand.........................................................................

Government......................................................................Time.............................................................................Savings.........................................................................Demand........................................................................

Public Entities.................................................................Time.............................................................................Savings.........................................................................Demand........................................................................

Spec. & O. F. Insts...........................................................Time.............................................................................Savings.........................................................................Demand........................................................................

May 2011387,560.94320,087.43

67,779.26187,509.30

64,798.87

25,643.101,511.042,261.29

21,870.77

20,061.7310,464.50

4,648.374,948.86

21,768.685,075.071,626.73

15,066.88

Apr 2012403,690.09324,053.34

68,046.61189,607.50

66,399.23

30,422.381,513.123,437.01

25,472.25

32,194.8413,854.5711,738.05

6,602.22

17,019.533,811.681,443.65

11,764.20

May 2012414,678.20327,953.98

69,948.91190,440.70

67,564.37

29,503.041,566.453,493.05

24,443.54

37,044.9417,362.3014,571.42

5,111.22

20,176.245,705.441,785.22

12,685.58

% Change

p.a.

7.002.463.201.564.27

15.053.67

54.4711.76

84.6565.92

213.473.28

-7.32 12.42 9.74 -15.80

Current Account Balances with BOJ (J$mn)................

LIQUIDITY (Average) %Actual Liquid Assets Ratio....................................

Cash....................................................................Deposits with B.O.J..........................................Treasury Bills....................................................Other..................................................................

Statutory Requirement..........................................

III. SELECTED INTEREST RATES (%)COMMERCIAL BANKS (Domestic Currency)

Fixed Deposits (J$100,000 & over)3-6 months.........................................................9-12 months......................................................Call Deposits.....................................................

Average Savings Deposits ...................................Average Loan Rate................................................

Average Inter-bank Rate ........................................

May 201188.63

May 201145.09

2.6912.27

0.3029.8326.00

May 2011

2.25-6.002.25-6.753.00-4.00

2.2417.98

3.39

Apr 2012366.53

Apr 201233.14

2.8712.34

0.2617.6726.00

Apr 2012

2.00-6.40 2.00-6.75 2.00-5.75

2.1018.12

3.79

May 2012155.53

May 201231.89

2.8612.21

0.2816.5426.00

May 2012

2.00-5.25 2.00-6.00

1.50-15.002.10

17.935.48

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

J

$

m

n

Commercial Banks - Deposits and Loans May 2011 - May 2012

Loans Deposits

0

570,000

580,000

590,000

600,000

610,000

620,000

630,000

J

$

M

N

Commercial Banks - Assets and Liabilities May 2011 - May 2012

Commercial Banks Assets/Liabilities

0

4

May 2012

0.50-3.700.75-4.000.94-4.40

0.80-3.70 0.86-4.00 1.01-4.40

10.110.79

May 20125.772.24

17.45

May 2012+6.196.256.39

May 20126.25

May 2012+861,561.79

4,000.0096,120.15

May 201242,119.08

3,299.35

May 201221,207.40

6,895.146,595.33

Apr 2012

0.50-3.700.75-4.000.94-4.40

0.80-3.70 0.86-4.00 1.01-4.40

10.110.79

Apr 20126.052.19

17.77

Apr 20126.206.196.44

Apr 20126.25

Apr 2012857,002.06

4,000.0094,809.37

Apr 201240,359.54

2,199.91

Apr 201220,816.44

6,898.616,490.16

III. SELECTED INTEREST RATES (%) - Cont'd COMMERCIAL BANKS (Foreign Currency)

Fixed Deposits (Under US$100,000)1-3 months......................................................................3-6 months......................................................................6-12 months....................................................................

Fixed Deposits (US$100,000 & Over)1-3 months......................................................................3-6 months......................................................................6-12 months....................................................................

Average Loan Rates ....................................................... Average Savings ..............................................................

COMMERCIAL BANKS (Domestic Currency)Weighted Fixed Deposits Rate........................................

Overall Weighted Deposit Rate...................................... Weighted Loan Rate........................................................

G.O.J. Treasury Bills (Weighted Average) Yield 1 Month:..........................................................................

3 Months:......................................................................... 6 Months:.........................................................................

BOJ Open Market Rates (%) *30-Day ..............................................................................

IV. SECURITIES (J$mn.) (Outstanding Balances)GOJ Benchmark Investment Notes* ...................................GOJ Treasury Bills................................................................BOJ Open Market Operations ..............................................

V. INSTALMENT CREDIT (J$mn.) (Banks & Near Banks)Total Credit Outstanding.......................................................New Business.........................................................................

VI. NEAR-BANKS (J$mn.)**(Merchant Banks, Trust Com. & Finance Houses)Assets/Liabilties....................................................................Loans Outstanding..................................................................Total Deposits........................................................................

May 2011

0.50-3.700.75-4.000.94-4.40

0.80-3.700.86-4.001.01-4.40

9.820.80

May 20114.452.64

20.00

May 20116.666.566.58

May 20116.75

May 2011+798,144.72

4,000.00143,873.53

May 201133,180.94

1,653.73

May 201123,201.14

7,013.617,071.04

* The 60 day - 365 day BOJ Open Market Rates have been withdrawn indefinitely

%Change

p.a.

7.95 0.00

-33.19

26.9499.51

-8.59-1.69-6.73

Fig. 5 Fig. 6

0.00

3.00

6.00

9.00

12.00

15.00

18.00

21.00

24.00P

e

r

c

e

n

t

Overall Deposit Rates Loan Rates

Commercial Banks - Interest RatesMay 2011 - May 2012

6.00

6.10

6.20

6.30

6.40

6.50

6.60

6.70

6.80

P

e

r

c

e

n

t

G.O.J Treasury Bills - Weighted Average (Yield)May 2011 - May 2012

1-Month 3-Month 6-Month

0

5

May 20117,013.61

23.01325.89

2,273.690.00

287.9018.96

3,835.610.55

248.00

29.4226.00

May 2011

178,018.1987,708.54

119,803.01

6.74

May 2011171.0

0.71.71.2

May 2012 6,895.14

18.07369.31

2,286.760.00

302.050.41

3,866.250.18

52.11

32.2326.00

May 2012

190,708.7390,891.10

124,273.84

6.23

May 2012182.8

0.52.60.9

%

Change p.a.

-1.69 -21.47 13.32

0.57-

4.91-97.84 0.80

-67.27-78.99

7.133.633.73

6.90

NEAR-BANKS(J$mn.)** Cont'd Loans............................................................................

Agriculture.........................................................................Manufacturing.........................................................Construction & Land Development........................................Mining, Quarrying & Processing....................................Tourism............................................................................Transport, Storage & Communication....................................Consumer Oriented.....................................................................Government Services..................................................................

Other.........................................................................................

Liquid Assets Ratio (average) %......................................Statutory Requirement.........................................................

VII. BUILDING SOCIETIES (J$mn.)(members & associate members)Assets/Liabilities...................................................................Loan Balances........................................................................Savings Funds........................................................................

Loan Quality (%) - 3 mths & OverPast Due Loans / Total Loans .............................................

VIII. INFLATIONConsumer Price Index (Dec. 2006 = 100).........................Monthly Rate (%)..................................................................Calendar Year to Date (%)....................................................Fiscal Year to Date (%) ........................................................

Apr 2012 6,898.60

18.58351.39

2,277.430.00

303.420.41

3,893.810.18

53.38

31.1826.00

Apr 2012

192,745.4290,206.24

124,648.86

6.53

Apr 2012181.9

0.42.10.4

* Includes foreign and domestic currency items ** As at June 2008 PanCaribbean Merchannt Bank ended operations *** Percentage change (%) over preceding quarter**** Percentage Change (%) over the corresponding quarter of the previous year

Fig. 7 Fig. 8

Fig. 9 Fig. 10

VI. NEAR BANK Cont'd - Loan Quality (%) - 3 mths & OverPast Due Loans / Total Loans .............................................. 43.70 45.57 45.96

May 2011 Apr 2012 May 2012

0

30,000

60,000

90,000

120,000

150,000

180,000

210,000

J

$

M

N

Assets &  L iabil ities Loans  &  Advances Savin gs  Fund

Building Societies  ‐ Assets  &  LiabilitiesMay  2011  ‐ May  2012

162

167

172

177

182

187

0.3

0.4

0.5

0.6

0.7

0.8

0.9

P

e

r

c

e

n

t

Inflation & CPIMay 2011 ‐ May 2012

Inflation Rate ‐ l.h.s CPI ‐ r.h.s

0

32,000

33,500

35,000

36,500

38,000

39,500

41,000

42,500

44,000

1,000

1,500

2,000

2,500

3,000

3,500

J

$

M

N

J

$

M

N

New Business ‐ l.h.s Total Credit Outstanding ‐ r.h.s

Instalment CreditMay 2011 ‐May 2012

00

1,000

5,000

9,000

13,000

17,000

21,000

25,000

J

$

m

n

Assest & Liabilities Deposits Loans and Advances

0

Near Banks: Asset and Liabilities May 2011 ‐May 2012

6

IX. ACTUAL PRODUCTION ('000) Crude Bauxite (tonnes)....................................................... Alumina (tonnes)................................................................ Sugar (tonnes).....................................................................

X. QUARTERLY GROSS DOMESTIC PRODUCT REAL GROWTH RATES (%) Total Value-Added at Basic Prices Seasonally Adjusted*** ..................................................... Seasonally Unadjusted**** ..............................................

May 2011 419.87

168.9818.06

Mar 2011

1.11.5

Apr 2012348.31150.37

17.83

Dec 2011+

-0.21.5

May 2012436.67148.13

12.47

Mar 2012

-0.5-0.1

% Chaange4.00

-12.34-30.95

XI. STOCK MARKET ACTIVITIESIndex*....................................................................................

Volume Traded (mn.)**.........................................Ordinary Shares................................................................Block Transactions............................................................

Value of Stocks Traded (J$mn.)**....................................... Ordinary Shares.................................................................... Block Transactions...............................................................

Advance/Decline Ratio**........................................................

May 2011

88,651.86

176.14

172.69

3.45

1,838.95

1,793.64

45.31

26/10

Apr 2012 91,460.74

40.7535.17

5.58

486.66

366.52

120.14

13/21

May 2012 88,381.96

199.17199.17

0.00

5,360.90

5,360.90

0.00

9/21

% Change-0.3013.0715.33

-100.00

191.52

198.88

-100.00

XII. REMITTANCE (US$mn) Net Remittances ..................................................................

Total Remittance Inflows .................................................. Remittance Companies.................................................... Other Remittances...........................................................

Total Remittance Outflows................................................

May 2011 142.3

166.1 140.1

26.0 23.8

Apr 2012 155.9

177.2 150.5

26.7 21.3

May 2012 142.3

166.6 141.9

24.7 24.3

% Change 0.0

0.3 1.3 -5.0 2.1

XIII. TOURISM Tourists Arrivals ('000) ...................................................... Stop Over ......................................................................... Foreign Nationals ........................................................ Non - Resident Jamaicans ........................................... Cruise ...............................................................................

Mar 2011 310.29

204.04 192.31 11.73

106.25

Mar 2012 366.52

204.72 192.33 12.39 161.79

% Change 18.12

0.33 0.01 5.63 52.27

Fig. 11 Fig. 12

84,000

86,000

88,000

90,000

92,000

94,000

96,000

98,000

U

N

I

T

S

JSE Index May 2011 ‐May 2012

JSE Index

0130.0

140.0

150.0

160.0

170.0

180.0

190.0

200.0

210.0

U

$

M

N

RemittancesMay 2011 ‐May 2012

0

7

+ Revised* As at end of month** Monthly Values

Current Account (Jan - Dec 2011) BOP Sub-Accounts (Jan - Dec 2011)

Fig. 13 Fig. 14

XIV. EXTERNAL TRADE (US$mn.) 1. EXPORTS (a) Major Traditional Exports..........................................

Bauxite.............................................................................Alumina...........................................................................

Sugar................................................................................ (b) Other Traditional Exports............................................. (c) NOn-Traditional Exports............................................... (d) Re-exports......................................................................

General Merchandise Exports........................................ (e) Freezone Exports........................................................... (f) Goods Procured in Ports............................................. TOTAL GOODS EXPORTS.............................................

2a. IMPORTS (by S.I.T.C.) (a) Food................................................................................. (b) Beverage & Tobacco..................................................... (c) Crude Material............................................................... (d) Mineral Fuel .................................................................. (e) Animal & Vegetable Oil................................................ (f) Chemicals....................................................................... (g) Manufactured Goods..................................................... (h) Machinery & Transportation......................................... (i) Miscellaneous Manufactured Goods.......................... (j) Miscellaeous Commodities.........................................

General Merchandise Imports..................................... Freezone Imports..........................................................

Goods Procured in Ports.............................................. TOTAL GOODS IMPORTS.............................................

Trade Balance....................................................................

b. IMPORTS (by End-Use) (a) Consumer Goods......................................................... (b) Raw Materials.............................................................. (c) Capital Goods ............................................................. General Merchandise Imports....................................... (d) Freezone Imports.......................................................... (e) Goods Procured in Ports.............................................Total Goods Imported.......................................................

Jan-Dec 2010575.73128.73402.76

44.24 78.94

463.1876.53

1,194.38 40.30

136.471,371.15

805.99 75.15 60.81

1,585.56 32.64

692.46 582.99 786.04 477.28 95.715,194.63 32.13 67.995,294.76

-3,923.61

Jan-Dec 2011 784.86

141.91 580.73

62.16 75.51 492.38

86.101,438.85

39.19 188.05

1,666.09

938.40 77.48

63.22 2,441.82

58.60 909.58 647.06 939.69 470.51

68.406,614.76

30.2179.38

6,724.35

-5,058.26

1,820.63 4,280.56 513.57 6,614.76

30.21 79.38

6,724.35

Change209.13

13.18177.97

17.92-3.4329.20

9.57244.47

-1.1151.58

294.94

132.412.332.41

856.26 25.96

217.12 64.07153.65

-6.77-27.31

1,420.13 -1.92 11.391,429.59

-1,134.65

62.42 1,298.33 59.37 1,420.13

-1.92 11.39

1,429.59

1,758.21 2,982.23 454.20 5,194.63 32.13

67.99 5,294.76

-501.9

-1071.5-1182.9

-2038.2

-2793.3

-1127.5-934.0

-2048.5

-3500.0

-3000.0

-2500.0

-2000.0

-1500.0

-1000.0

-500.0

0.02004 2005 2006 2007 2008 2009 2010 2011

US

$M

N

Current AccountJanuary-December

-6000.0

-5000.0

-4000.0

-3000.0

-2000.0

-1000.0

0.0

1000.0

2000.0

3000.0

2004 2005 2006 2007 2008 2009 2010 2011

US

$M

N

BOP Sub-AccountsJanuary-December

A. Goods B. Services C. Income D. Current Transfers

8

XV. BALANCE OF PAYMENTS (US$mn.) Balance of Payments (Calendar)

1. Current Account...............................................................................A. Goods balance...........................................................................

Exports (f.o.b.)............................................................................Imports (f.o.b.)............................................................................

B. Service Balance.........................................................................Transportation.............................................................................Travel............................................................................................Other Services.............................................................................

C. Income.........................................................................................Compensation of Employees.....................................................Investment Income......................................................................

D. Current Transfers.....................................................................Official.........................................................................................Private...........................................................................................

2. Capital and Financial Account..................................................A. Capital Account......................................................................

Capital Transfers..................................................................... Official................................................................................

Private................................................................................Acq./Disp. of non-produced non-fin. assets.........................

B. Financial Account................................................................Other Official Investment......................................................Other Private Investment (incl. errors & omissions).........Reserves...................................................................................

Jan-Dec 2010

-934.0-3,259.41,368.04,627.4

810.0-429.7

1,808.8-569.1

-494.689.1

-583.7

2,010.0194.3

1,815.7

934.0-22.1-22.1

4.2-26.3

0.0

956.1967.7430.4

-442.0

Jan-Dec 2011

-2,064.9 -4,261.0 1,662.5 5,923.5

697.8 -553.8 1,833.2 -581.6

-548.2 48.7 -596.9

2,046.5 125.2 1,921.3

2,064.9 -1.2-1.225.1

-26.30.0

2,066.1 46.9 1,814.0 205.2

Change -1,130.9

-1,001.6 294.5 1,296.1

-112.2 -124.2 24.4 -12.5

-53.6 -40.4 -13.2

36.5 -69.1 105.6

1,130.9 20.9 20.9 20.9 0.0 0.0

1,110.0 -920.8 1,383.6

Apr- Dec2010/2011 -901.6

-2,565.7 999.9 3,565.6

499.5 -348.3 1,257.4 -409.7

-376.5 85.6 -462.1

1,541.1 166.0 1,375.1

901.6 -18.9 -18.9 0.2

-19.2 0.0

920.5 497.0 843.0 -419.5

Apr - Dec 2011/2012

-1,734.5 -3,289.4 1,244.0 4,533.4

405.9 -445.2 1,271.6 -420.5

-401.5 45.7 -447.2

1,550.5 89.9 1,460.6

1,734.5 1.3 1.3 20.5

-19.2 0.0

1,733.1 -22.1 1,168.2

Change

-832.9

-723.7 244.1 967.8

-93.6 -96.9 14.2 -10.8

-25.0 -39.9 14.9

9.4 -76.1 85.5

832.9 20.2 20.2 20.3 0.0 0.0

812.6 -519.1

325.2

Balance of Payments (Fiscal)1. Current Account...............................................................................

A. Goods balance..........................................................................Exports (f.o.b.)...........................................................................Imports (f.o.b.)...........................................................................

B. Service Balance.......................................................................Transportation...........................................................................Travel..........................................................................................Other Services............................................................................

C. Income........................................................................................Compensation of Employees....................................................Investment Income.....................................................................

D. Current Transfers....................................................................Official........................................................................................Private.........................................................................................

2. Capital and Financial Account......................................................A. Capital Account........................................................................

Capital Transfers.........................................................................Official....................................................................................Private......................................................................................

Acq./Disp. of non-produced non-fin. assets ............................

B. Financial Account....................................................................Other Official Investment..........................................................Other Private Investment. (incl. errors & omissions).............Reserves.......................................................................................

9

Apr 2012

0.640.96

Apr 201287.3588.56

141.84 115.86

13.65 43.69

0.43 32.36

May 2011

2,334.383,224.18

889.80

29.05

21.82

May 2011

894.28944.02

May 2011

1,723.95116.46

0.151,607.34

46.6710.97

0.0035.70

538.68245.58

64.51228.59

2,309.30

1,377.391,262.23

31.9683.20

Apr 2012

1,771.782,634.37

862.59

22.87

17.29

Apr 2012

880.00905.69

Apr 2012

1,811.52109.92

0.161,701.44

43.2916.76

0.0026.53

559.35255.76

64.51239.08

2,414.16

1,360.011,247.23

29.3983.40

May 2012

1,718.752,559.51

840.76

22.45

16.95

May 2012

942.27954.70

May 2012

1,849.96108.25

0.161,741.55

44.8416.45

0.0028.39

547.06248.43

63.33235.30

2,441.86

1,374.041,261.89

29.2482.91

%Change

p.a.-26.37

-20.62

-5.51

5.371.13

7.31-7.056.678.35

-3.9249.95

0.00-20.48

1.561.16

-1.832.94

5.74

-0.24-0.03-8.51-0.35

XVI. BOJ NET INTERNATIONAL RESERVES(US$mn.)

BOJ Net International Reserves (US$mn.).....................Gross Foreign Assets....................................................Gross Foreign Liabilities.............................................

Estimated Gross Reserves in Weeks of Goods Imports..............................................................................Estimated Gross Reserves in Weeks of Goods and

Services Imports...............................................................

XVII. FOREIGN EXCHANGE DEVELOPMENTS (US$mn.) * Combined Foreign Exchange Trading

Foreign Exchange Purchases (spot)............................. Foreign Exchange Sales (spot).....................................

Foreign Currency Deposit Balances ofAuthorised Dealers (US$mn.)

Commercial Banks Balances............................................."A" Accounts 1/...............................................................

"B" Accounts ................................................................. Other..............................................................................

F.I.As Balance...................................................................."A" Accounts 1/.............................................................."B" Accounts .................................................................

Other..............................................................................

Building Societies Balances............................................"A" Accounts 1/.............................................................."B" Accounts ..................................................................

Other .............................................................................

Total Foreign Currency Deposits (US$mn.)...................

Total Foreign Currency Loans (US$mn.)........................Commercial Banks.........................................................F.I.As ..............................................................................Building Societies..........................................................

London Interbank Offer Rate (LIBOR) Eurodollars (%)

3 months..........................................................................6 months..........................................................................

Selling Exchange Rates (end period) US$1.00 = J$................................................................. Can. $1.00 = J$.............................................................. U.K. Pound = J$............................................................. Euro = J$*......................................................................

Caricom Selling Exchange Rates* T.T. $1 = J$.................................................................... Bdos. $1 = J$................................................................. Guy. $1 = J$................................................................... E.C. $1 = J$....................................................................

May 20111.381.66

May 201185.7889.28

141.00 122.38

13.38 42.88

0.43 31.76

May 20120.590.91

May 201288.1285.55

136.09 109.13

13.73 44.03

0.44 32.62