ISSN 1517-7270
Boletim do
2007
Banco Central do Brasil
January 2007
Volume 43 – Number 1
ISSN 0104-3307
CGC 00.038.166/0001-05
Boletim do Banco Central do Brasil
Brasília
v. 43
nº 1
Jan.
2007
P. 1 – 217
Boletim do Banco Central do Brasil
Publicação mensal do Banco Central do Brasil/Departamento Econômico.
Os textos e os correspondentes quadros estatísticos são de responsabilidade dos seguintes componentes do
Departamento Econômico (Depec) (E-mail: [email protected]):
Economia no Mês – Gerência-Técnica de Estudos Econômicos em São Paulo (GTSPA) (E-mail: [email protected]);
Atividade Econômica – Consultoria de Conjuntura Econômica (Coace) (E-mail: [email protected]);
Moeda e Crédito e Mercados Financeiro e de Capitais – Divisão Monetária e Bancária (Dimob)
(E-mail: [email protected]);
Finanças Públicas – Divisão de Finanças Públicas (Difin) (E-mail: [email protected]);
Setor Externo da Economia Brasileira – Divisão de Balanço de Pagamentos (Dibap) (E-mail: [email protected]);
Economia Internacional – Consultoria de Estudos Econômicos e Conjuntura (Copec) (E-mail: [email protected]).
Informações sobre o Boletim:
telefone:
fax:
(61) 3414-1009;
(61) 3414-2036.
Pedidos de assinatura: preencher a ficha que se encontra na internet, no endereço http://www.bcb.gov.br, anexar cheque nominal ao Banco Central
do Brasil no valor de R$375,00 (nacional) e US$231,00 (internacional) e remeter ambos para o Controle Geral de Publicações. A assinatura anual
inclui doze edições mensais do Boletim, uma edição do Relatório Anual e quatro edições do Relatório de Inflação. O Suplemento Estatístico teve
sua última edição impressa em março de 1998. Após esse mês, permanece disponível apenas pela internet.
É permitida a reprodução das matérias, desde que mencionada a fonte: Boletim do Banco Central do Brasil, Volume 43, nº 1.
Controle Geral de Publicações
Banco Central do Brasil
Secre/Surel/Dimep
SBS – Quadra 3 – Bloco B – Edifício-Sede – 1º andar
Caixa Postal 8.670
70074-900 Brasília – DF
Telefones: (61) 3414-3710 e 3414-3567
Fax: (61) 3414-3626
E-mail: [email protected]
Exemplar avulso: R$31,00
Tiragem: 500 exemplares
Convenções estatísticas
...
0 ou 0,0
*
dados desconhecidos.
dados nulos ou indicação de que a rubrica assinalada é inexistente.
menor que a metade do último algarismo, à direita, assinalado.
dados preliminares.
O hífen (-) entre anos (1970-75) indica o total de anos, incluindo o primeiro e o último.
A barra (/) utilizada entre anos (1970/75) indica a média anual dos anos assinalados, incluindo o primeiro e o último, ou, se especificado no texto,
ano-safra, ou ano-convênio.
Eventuais divergências entre dados e totais ou variações percentuais são provenientes de arredondamentos.
Não são citadas as fontes dos quadros e gráficos de autoria exclusiva do Banco Central do Brasil.
Central de Atendimento ao Público
Endereço: Secre/Surel/Diate
Edifício-Sede – 2º subsolo
SBS – Quadra 3 – Zona Central
70074-900 Brasília – DF
DDG:
0800 9792345
Fax:
(61) 3414-2553
Internet: http://www.bcb.gov.br
Summary
A Economia em Novembro
7
I
Economic Activity
9
II
Money and Credit
15
III
Capital and Financial Markets
19
IV
Public Finance
21
V
Foreign Sector of the Brazilian Economy
23
VI
The International Economy
27
VII Main Economic Policy Measures
31
Statistical Tables
I
Economic Activity
I.1
I.2
I.3
I.4
I.5
I.6
I.7
I.8
I.9
I.10
I.11
I.12
II
Money and Credit
II.1
II.2
II.3
II.4
37
National accounts
Gross Domestic Product (GDP)
Economic indicators
Economic indicators – Seasonally adjusted
Sales Volume Index in the Retail Sector – Brazil
Industrial production indicators
Automotive industry
Crop production (major crops)
Formal employment level index – Brazil
Unemployment rate (weekly)
Real average earnings – By worker categories and by sector
Price indices
Factors affecting the monetary base
Monetary base and money supply (M1)
Monetary behavior factors – Working day average in month
Extended monetary base – End-of-period balances
55
II.5
II.6
II.7
II.8
II.9
II.10
II.11
II.12
II.13
II.14
II.15
II.16
II.17
II.18
II.19
II.20
II.21
II.22
II.23
II.24
II.25
II.26
II.27
II.28
II.29
II.30
II.31
II.32
II.33
II.34
II.35
II.36
II.37
II.38
II.39
II.40
II.41
III
Extended monetary base – Average daily balance
Money supply (M4) – Balances
Money supply (M4) – Percentage share
Monetary base and money supply (M4) – End-of-period balance as
percentage of GDP
Income-velocity of money
Financial institutions reserve requirements – End-of-period balances
Banco Central do Brasil – Adjusted balance sheet – Liabilities
Monetary authority
Deposit money banks
Monetary survey
Other banking institutions
Banking survey
Nonbanking financial institutions
Financial system credit operations – Credit balance with earmarked and
non-earmarked resources
Financial system credit operations – As percentage of GDP
Financial system credit operations – Balance by economic activity
Public financial system credit operations – Balance by economic activity
National private financial system credit operations – Balance by economic
activity
Foreign financial system credit operations – Balance by economic activity
Financial system credit operations – Risk classification and provisions
Public financial system credit operations – Risk classification and
provisions
National private financial system credit operations – Risk classification and
provisions
Foreign financial system credit operations – Risk classification and
provisions
Financial system credit operations – Credit distribution by risk levels –
November 2006*
Public financial system credit operations – Credit distribution by risk levels
– November 2006*
National private financial system credit operations – Credit distribution by
risk levels – November 2006*
Foreign financial system credit operations – Credit distribution by risk
levels – November 2006*
Financial system credit operations – Provisions by risk levels
Public financial system credit operations – Provisions by risk levels
National private financial system credit operations – Provisions by risk
levels
Foreign financial system credit operations – Provisions by risk levels
Interest rate reference credit operations – Summary
Interest rate reference credit operations – Total volume by modality –
Corporate
Interest rate reference credit operations – Total volume by modality –
Individuals
Interest rate reference credit operations – Interest rates and spread
Interest rate reference credit operations – Interest rate – Fixed operations
Interest rate reference credit operations – Spread – Fixed operations
Capital and Financial Markets
III.1
III.2
III.3
III.4
III.5
III.6
Interest rates
Velocity of circulation of main financial assets
Investment funds – Portfolio destination
Investment funds – Portfolio destination
Mutual investment funds
Savings deposits and time deposits
105
III.7
III.8
III.9
III.10
III.11
III.12
III.13
IV
Public Finance
IV.1
IV.2
IV.3
IV.4
IV.5
IV.6
IV.7
IV.8
IV.9
IV.10
IV.11
IV.12
IV.13
IV.14
IV.15
IV.16
IV.17
IV.18
IV.19
IV.20
IV.21
IV.22
IV.23
IV.24
IV.25
IV.26
V
Nominal income of major financial investments
One-day ID futures contracts – Adjustment rates, traded volumes and
outstanding contracts
Dollar futures contracts – Adjustment prices, traded volumes and
outstanding contracts
Forward rate agreement on the ID x US Dollar spread – Adjustment rates,
traded volumes and outstanding contracts
Capital market – Primary issue
Capital market – Secondary market indicators
Market value – Open capital companies – Bovespa
Foreign Sector of the Brazilian Economy
V.1
V.2
V.3
V.4
V.5
V.6
V.7
V.8
V.9
V.10
V.11
V.12
V.13
121
Central Government primary result – Above the line concept
National Treasury performance summary – Cash basis
National Treasury revenues – Cash basis
National Treasury expenditures – Cash basis
Social Security – Cash basis
Circulation of Goods and Services Tax (ICMS)
Transfers of funds from the National Treasury to states and municipalities
Federal domestic securities issued – National Treasury liabilities
Federal domestic securities – Banco Central do Brasil portfolio
Federal domestic securities – Outside the Banco Central do Brasil
Federal domestic securities and open market operations – Percentage
share of index
Duration and term of federal securities – Securities issued through public
offer
Federal securities – Maturity schedule
Monetary impact from federal securities operations – National Treasury
and Banco Central do Brasil
State and municipal securities – Total issued
Net public sector debt
Net public sector debt – Percentage share of index
Net debt evolution – Conditioning factors – Monthly flows
Net debt evolution – Conditioning factors – Flows accumulated in the year
Gross and net general government debt
Public sector borrowing requirements – Monthly flows
Public sector borrowing requirements
Public sector borrowing requirements – Flows in 12 months
Public accounts – Uses and sources
Public net debt harmonized
Variation of the harmonized net fiscal debt – Flows in 12 months
Balance of payments
Trade balance – FOB
Exports – FOB – By aggregated factor and main products
Imports – FOB – By end-use category and selected products
Trade by area – FOB
Services
Income
Unrequited current transfers
Direct investment
Portfolio investment – Assets
Portfolio investment – Liabilities
Portfolio of foreign investors
Other investment – Assets
161
V.14 Other investment – Liabilities
V.15 International reserves in the Banco Central do Brasil
V.16 Statement of international reserves changes – International liquidity
concept
V.17 Composition of adjusted net international reserves
V.18 Foreign exchange operations
V.19 Total external debt
V.20 Registered external debt
V.21 Registered external debt – Distribution by currency
V.22 Medium and long-term registered external debt – Principal amortization
schedule
V.23 Registered external debt – Distribution by type of debtor and creditor
V.24 Total external debt by debtor
V.25 Foreign exchange rate
VI
The International Economy
VI.1
VI.2
VI.3
VI.4
Appendix
203
Interest rates – Prime rate and 6 month Libor in various currencies
Selected country indicators
International reserves
Currencies per US dollar
209
The Economic Scene in November
The international economic scenario remained highly
favorable in November. The world economy continued
expanding, while uncertainties regarding the impact of the
United States monetary policy squeeze on economic activity
diminished. The prevailing position among analysts now
points to a gradual process of deceleration, with inflation
firmly under control. Abundant financial resources flowed
to the emerging countries, as the prices of external debt
securities remained high. As a result, Brazilian sovereign
risk remained at historically low levels. The Central Bank
continued the process of exchange market acquisitions, while
the country’s international reserve position rose to US$83.1
billion at the end of November.
Brazilian foreign trade flows expanded once again
in November, as all January-November results set historical
records. By way of example, exports reached US$125.2
billion, raising the trade balance surplus to US$41.1 billion,
with an overall trade flow of US$209.4 billion. In the year
through November, the volume index for imports expanded
17.6%, compared to the same period of 2005. This result
reflected growth in imports in all of the different product
categories.
Economic activity indicators for November showed
growth in industrial output and retail sales, compared to the
previous month. This result ratified expectations of higher
Gross Domestic Product (GDP) growth in the fourth quarter
of the year, as had been indicated by the October results.
Consumer inflation stabilized in November and
annual results remained clearly compatible with the
trajectory defined by the inflation target regime defined by
the National Monetary Council (CMN). Annual growth in
the Extended National Consumer Price Index (IPCA)
reached 3.02% at the end of November. The Central Bank
Monetary Policy Committee (Copom) met toward the end
of the month and adopted a new 0.5 p.p. cutback in the
Selic rate target, reducing it to 13.25% per year.
January 2007
|
Boletim do Banco Central do Brasil
| 7
I
Economic Activity
Figure I.1 - Industrial production
Seasonally adjusted data
2002 = 100
120
115
110
105
100
Jan
Feb
Mar
Apr
May
Jun
2004
Jul
Aug
Sep
2005
Oct
Nov
Dec
2006
Source: IBGE
Figure I.2 - Industrial production by use
category
Seasonally adjusted data
2002 = 100
140
130
120
110
100
90
Mar
2004
Jul
Nov
Mar
2005
Capital goods
Consumer goods
Source: IBGE
Jul
Nov
Mar
2006
Jul
Nov
On a month-on-month basis, seasonally adjusted
industrial output expanded 0.8% in November when
compared to October, setting a new record for the monthly
industrial survey carried out by the Brazilian Institute of
Geography and Statistics (IBGE). Of the 23 activities with
seasonally adjusted statistical series included in the survey,
14 registered positive results, led by oil refining and alcohol
production, a segment that posted positive growth following
four consecutive months of decline. Other factors of
importance included other transportation equipment,
beverages, other chemical products and the mining industry.
The major sources of negative pressures were concentrated
under automotive vehicles, basic metallurgy, perfumes, soaps
and cleaning products and apparel. Insofar as use categories
are concerned, output of capital goods posted the highest
growth rate in the month, 2.2%, after two consecutive months
of decline, followed by intermediate goods with an increase
of 1.6%. With respect to consumer products, output of
consumer durables and semi and nondurable goods declined
0.1% and 0.6%, respectively.
Intermediate goods
Compared to industrial output in the same month of
the previous year, November 2006 production expanded
4.2%, the fifth consecutive positive result using this type of
comparison. Among use categories, it is important to highlight
production of consumer durables, with expansion of 10.4%,
reflecting increased output of automobiles, cell telephones
and home appliances. Production of capital goods also turned
in positive results, with growth of 7.9%, due primarily to
output of capital goods for mixed use and for industrial
purposes. Manufacturing of intermediate goods expanded
at a pace lower than industry in general, with 3.2%,
generating the largest positive impact on manufactured
industrial inputs, mainly as a result of the performances of
aluminum oxides and fertilizers. Production of semi and
nondurable consumer goods rose 2.8%, led by the subsector
of manufactured food and beverage products for domestic
consumption, mainly beers and soft drinks.
January 2007
|
Boletim do Banco Central do Brasil
| 9
Industrial production expanded 3.1% from January
to November, compared to the same period of the previous
year. Over the 12-month period ended in November,
production increased 3%, reflecting a steady increase in the
pace of growth, following 2.8% expansion in October.
Data released by the National Confederation of
Industry (CNI) and purged of seasonal factors by the Central
Bank showed monthly growth of 0.1 p.p. in utilization of
installed industrial output capacity in November, rising to a
level of 82.1%. Real industrial sales and hours worked
declined 0.8% and 0.6%, respectively, in the period under
consideration.
With regard to investments, when the 8.8% drop
under imports of capital goods is excluded, all of the other
indicators showed positive results using the same basis of
comparison. Seasonally adjusted data indicated growth of
1% and 2.2% in production of building industry inputs and
capital goods, in that order. In the year through November,
the same indicators expanded 28.6%, 4.9% and 5.7%,
respectively. Disbursements by the National Bank of
Economic and Social Development (BNDES) for purposes
of medium and long-term investments reached R$41.3 billion
in the same period, reflecting growth of 3.9% over the same
period of the preceding year.
National production of cereals, legumes and oilseed
crops in 2006 was estimated at 115.9 million tons, according
to the November Systematic Farm Production Survey,
elaborated by IBGE. This forecast was 0.2% below the
October prediction and 3% greater than the 2005 harvest.
IBGE’s seasonally adjusted Monthly Retail Survey
showed a 0.6% rise in November retail sales compared to
October, and 9.2% when compared to November 2005. In
the year through November, the cumulative high reached
6.2%.
Figure I.3 - Sales Volume Index in the Retail
Sector - Total
Seasonally adjusted data
2003 = 100
130
125
120
115
110
105
100
Jan
Feb
Mar
Apr
2004
May
Jun
Jul
Aug
Sep
2005
Oct
Nov
2006
Source: IBGE
10 |
Boletim do Banco Central do Brasil
|
January 2007
Dec
In November, all of the different sectors registered
positive sales growth, led by highs of 5.7% in the segment
of fabrics, apparel and footwear and 2% for fuels and
lubricants. The sector of automobiles, motorcycles and parts,
which is not included in the general index, registered sales
growth of 1%. In the first 11 months of the year, sales of
furniture and home appliances expanded 10.9%, while
hypermarket and supermarket sales and those of food
products, beverages and tobacco increased 7.6%, and fuels
and lubricants posted a decline of 8.3%.
According to data released by the National
Federation of Automotive Vehicle Distribution (Fenabrave)
and seasonably adjusted by Depec, total vehicles sold through
factory authorized outlets declined 0.3% in November,
compared to the previous month. Viewed against November
2005, sales increased 15%, with 11.9% growth in the year.
Figure I.4 - Sales Volume Index in the Retail
Sector - by segments
Seasonally adjusted data
2003 = 100
180
160
140
120
100
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
Hyper and supermarkets
Furniture and home appliances
Automobiles, motorcycles
Source: IBGE
Indicators for the São Paulo retail trade sector
released by the São Paulo Trade Association (ACSP) and
seasonally adjusted by Depec showed monthly growth in
November, as contacts with the Credit Protection Service
Center (SCPC) and Usecheque system rose 0.6% and 1%,
respectively. In the first 11 months of the year, these
indicators showed highs of 3.3% and 5.6%, respectively.
Calculated by the ACSP, the net delinquency rate in
the São Paulo trade sector reached 5.3% in November,
against 6.1% in October and 4.6% in the same month of
2005. A monthly comparison shows that the number of new
arrears dropped 2%, while cancellations expanded 2.2%.
Compared to November 2005, these headings registered of
high of 1.6% and a 2.4% decline, respectively. In the first
11 months of the year, the average delinquency rate reached
5.8%, compared to 5.6% in the same period of 2005.
The Consumer Confidence Index (ICC), elaborated
by the Trade Federation of the State of São Paulo
(Fecomercio SP) rose 1.9% in November, compared to
October, and 14.6% against November 2005. Viewed against
the previous month, the component that measures future
expectations increased 2% and that which evaluates current
economic conditions expanded 1.7%.
Figure I.5 - Consumer Confidence Index (ICC)
180
160
140
120
100
80
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
ICC
Current economic conditions
Consumer expectations
Source: Fecomercio SP
Figure I.6 - Unemployment rate
%
14
13
12
11
10
9
8
7
Jan
Feb
Mar
Apr
2004
Source: IBGE
May
Jun
Jul
Aug
2005
Sep
Oct
Nov
2006
Dec
According to Ministry of Labor and Employment
data, a month-on-month comparison shows that formal
employment expanded at a seasonally adjusted 0.4% rate
in November and 4.8% compared to the same period of
2005. The IBGE survey indicates that unemployment in the
six major metropolitan regions of the country dropped from
9.8% in October to 9.5% in November, against 9.6% in
November 2005. The number of persons employed increased
0.3% and the number unemployed fell 2.6%, resulting in a
0.1% rise in the Overall Labor Force. (PEA). IBGE figures
also reveal that the average real earnings habitually received
by working people increased 0.6% in November compared
to the previous month and 5.7% over the November 2005
result, utilizing the National Consumer Price Index (INPC)
as deflator. In the year, the cumulative gain reached 4.3%.
January 2007
|
Boletim do Banco Central do Brasil
| 11
In the month of November, the IPCA increased
0.31%, against 0.33% in the previous month. The product
that made the largest individual contribution to IPCA growth
was tomatoes, with 0.04 p.p., due to a 29.83% price high
caused by meteorological factors.
Figure I.7 - Average real regular earnings
In R$ of Nov 2006, deflated by INPC
1 100
1 050
1 000
950
900
Jan
Feb
Mar
Apr
May
Jun
Jul
2004
Aug
Sep
Oct
2005
Nov
Dec
2006
Source: IBGE
Figure I.8 - IPCA
12-month % change
10
8
6
4
2
0
Jan
Feb
Mar
Apr
May
Jun
Jul
2004
Aug
Sep
Oct
2005
Nov
Dec
2006
Source: IBGE
Figure I.9 - IPCA
12-month % change
Relative stability in IPCA growth in November
reflected a similar performance under market prices, moving
from 0.43% to 0.45%, while growth in regulated prices
dropped from 0.12% to zero. In the framework of market
prices, the prices of tradables increased 0.54%, compared
to 0.42% in October, while the prices of nontradables
decelerated, with growth dropping from 0.44% to 0.37%.
In cumulative 12-month terms through November, the IPCA
expanded 3.02%, reflecting highs of 1.14% in the prices of
tradables, 4.11% in the prices of nontradables and 3.96% in
regulated prices.
The General Price Index (IGP-DI) expanded 0.57%
in November, against 0.81% in the previous month. The
lesser pace of growth was caused by deceleration in the
Wholesale Price Index (IPA-DI), the component of greatest
weight in the IGP, having dropped from 1.16% to 0.75% in
the period. In cumulative 12-month terms through November,
the IGP-DI and IPA-DI expanded at rates of 3.59% and
4.04%, respectively.
15
12
9
6
3
0
Mar
2004
Jul
Nov
IPCA
Mar
2005
Jul
Nov
Mar
2006
Market prices
Jul
Nov
Regulated prices
Source: IBGE
Lesser November growth in the IPA-DI reflected
a similar trend under farm prices and was impacted by
reductions in the prices of perishable goods, meats and
sugarcane, despite highs under such products as white
potatoes, soybeans and coffee. Pressured by increases in
the prices of inputs produced by the segments of metallurgy
and electrical equipment, including zinc and insulated copper
wire and cables, as well as food prices, particularly refined
soybean oil, this result surpassed the sharper rise in industrial
prices.
Figure I.10 - IPA-DI
12-month % change
The Consumer Price Index (IPC-Br) rose 0.24%,
against 0.14% in October, due to the steady rise in food prices,
particularly vegetables, legumes and fruits, together with higher
cigarette prices. The reduction in residential electricity rates
contributed to a drop in home maintenance costs.
20
15
10
5
0
-5
-10
-15
Mar
2004
Jul
IPA-DI
Nov
Mar
2005
Jul
Nov
Mar
2006
Agricultural prices
Jul
Industrial prices
Source: FGV
12 |
Boletim do Banco Central do Brasil
Nov
|
January 2007
The National Cost of Construction Index (INCC)
rose 0.23%, against 0.21% in October. Prices of building
materials and services increased more than manpower
costs.
Gráfico I.9 – IPCA
Var. % 12 meses
10
8
6
4
2
0
Jan
Fev
Mar
Abr
Mai
2004
Jun
Jul
Ago
2005
Set
Out
2006
Nov
Dez
2007
Fonte: IBGE
Gráfico I.10 – IPCA
Var. % 12 meses
15
12
9
6
3
0
Mar
2004
Jul
Nov
Mar
2005
IPCA
Jul
Nov
Mar
2006
Preços livres
Jul
Nov
Jul
Nov
Mar Jul Nov
2007
Preços monitorados
Jul
Nov
Fonte: IBGE
Gráfico I.11 – IPA-DI
Var. % 12 meses
20
15
10
5
0
-5
-10
-15
Mar
2004
Jul
Nov
Mar
2005
Mar
2006
Mar
2007
Jul
Nov
IPA-DI
Fonte: FGV
Preços agrícolas
Preços industriais
January 2007
|
Boletim do Banco Central do Brasil
| 13
II
Moeda e Crédito
A base monetária, no conceito de média dos saldos
diários, atingiu R$127,4 bilhões em novembro, com
crescimentos de 2,5% no mês e de 21,5% em doze meses.
O resultado do mês refletiu expansões de 1,7% no saldo de
papel-moeda emitido e de 4% nas reservas bancárias, que
totalizaram, na ordem, R$86,1 bilhões e R$41,3 bilhões, com
crescimentos anuais 18% e 29,3%.
No final de novembro, o saldo da base monetária
alcançou R$130,8 bilhões, registrando crescimentos de 6,4%
no mês e de 24,2% em doze meses. As operações do
Tesouro Nacional, os depósitos de instituições financeiras e
os ajustes nas operações com derivativos exerceram
impactos contracionistas de R$11,2 bilhões, R$1 bilhão e
R$527 milhões, respectivamente, no mês, enquanto as
operações com o setor externo proporcionaram expansão
monetária de R$10 bilhões e as operações com títulos
públicos, de R$10,6 bilhões, estas evidenciando colocação
líquida de R$8,2 bilhões no mercado primário e compras
líquidas de R$18,8 bilhões no mercado secundário.
Os meios de pagamento no conceito mais restrito
(M1), calculados pela média dos saldos diários, alcançaram
R$183,8 bilhões em novembro, com acréscimos de 2,5% no
mês e de 22,4% em doze meses. A evolução no mês deveuse às expansões de 1,3% no saldo de papel-moeda em poder
do público, que atingiu R$69,4 bilhões, e de 3,3% nos
depósitos à vista, que alcançaram R$114,4 bilhões. Na
comparação anual, os componentes dos meios de pagamento
aumentaram 18,2% e 25,1%, respectivamente. O saldo do
M1 situou-se em R$188,8 bilhões, ao final de novembro,
aumentando 6% em relação ao mês anterior e 24,3% ante o
mesmo mês de 2006. O saldo do M4, conceito mais amplo
de moeda, atingiu R$1,9 trilhão em novembro,
correspondendo a 70,1% do PIB, com expansões de 1,1%
no mês e de 21,4% em relação ao de novembro de 2006.
O total das operações de crédito do sistema
financeiro cresceu 3,1% em novembro, alcançando R$908,8
January 2007
|
Boletim do Banco Central do Brasil
| 15
bilhões, 34,3% do PIB, com expansão anual de 26,7%. O
aumento no mês resultou de crescimentos de 3,4% no saldo
das operações com recursos livres e de 2,3% no das
operações com recursos direcionados, que atingiram R$641,1
bilhões e R$267,7 bilhões, respectivamente. Os saldos dos
empréstimos classificados nesses segmentos apresentaram
crescimentos anuais respectivos de 31,1% e 17,5%.
Gráfico II.1 – Operações de crédito
% PIB
35
28
21
14
7
0
Mar
2004
Jul
Nov
Mar
2005
Total
Jul
Nov
Mar
2006
Jul
Nov Mar
2007
Livres
Jul
Nov
Direcionados
Fonte: BCB
Tabela II.1 – Crédito com recursos livres
R$ bilhões
Discriminação
2007
Variação %
Nov
Total
Pessoas jurídicas
Recursos domésticos
1/
Referenciais
Leasing
Mês
Ano
12 meses
641,1
3,4
28,7
31,1
328,6
4,4
26,2
29,7
261,0
4,4
25,6
30,6
203,8
4,8
23,5
28,6
32,7
3,4
59,0
70,5
1,9
3,7
36,8
29,3
22,5
2,2
8,5
9,0
67,7
4,4
28,6
26,2
Pessoas físicas
312,5
2,4
31,3
32,6
Referenciais
1/
239,5
2,1
24,9
24,7
Cooperativas
12,3
2,5
26,0
27,8
Leasing
27,3
6,1
97,0
102,3
Outros
33,3
1,7
48,1
62,0
Rural
Outros
Recursos externos
1/ Operações de crédito referenciais para taxas de juros, definidas pela Circular
2.957, de 30.12.1999.
Tabela II.2 – Crédito com recursos direcionados
R$ bilhões
Discriminação
2007
Variação %
Nov
Total
Mês
Ano
12 meses
267,7
2,3
14,3
17,5
BNDES
156,3
2,8
12,5
16,3
Direto
75,0
2,7
4,6
8,2
Repasses
81,3
2,9
20,9
24,8
61,9
1,5
13,8
16,5
58,4
1,2
12,5
15,3
41,7
Rural
Bancos e agências
Cooperativas
Habitação
Outros
16 |
Relativamente à distribuição dos créditos por
atividade econômica, os estoques de empréstimos ao setor
privado apresentaram expansão generalizada em novembro,
com ênfase nos aumentos registrados nos setores outros
serviços, 4%; indústria, 3,9%; e comércio, 3,7%, que
atingiram 25,5%, 30,5% e 21,2%, respectivamente, em doze
meses.
3,5
6,0
42,4
42,3
1,9
22,8
24,2
7,1
1,4
11,2
15,2
Boletim do Banco Central do Brasil
|
January 2007
Em relação às operações com recursos
direcionados, destacaram-se os acréscimos nos saldos das
operações do BNDES, 2,8% ; e dos empréstimos aos setores
habitação, 1,9%, e crédito rural, 1,4%. Em doze meses, os
estoques desses empréstimos expandiram 16,3%, 24,2% e
16,5%, respectivamente. Relativamente aos empréstimos
no segmento de recursos livres, os créditos concedidos a
pessoas físicas cresceram 2,4% no mês e 32,6% em doze
meses, enquanto os destinados às pessoas jurídicas
elevaram-se 4,4% e 29,7%, nas mesmas bases de
comparação.
A evolução mensal dos empréstimos no segmento
de pessoas físicas refletiu o aumento nos saldos das
operações de leasing, 6,1%; de cooperativas de crédito,
2,5%; e de crédito referenciais para taxa de juros, 2,1%,
que se elevaram, na mesma ordem, 102,3%, 27,8% e 24,7%,
em relação a novembro de 2006. Nas operações de crédito
referenciais para taxa de juros, destacaram-se, no mês, os
aumentos nos saldos de financiamento imobiliário, 4,9%, de
cartão de crédito, 3,5%, e de aquisição de bens, 2,1%. Os
estoques dessas modalidades de empréstimos apresentaram
expansões respectivas de 79,2%, 27,2% e 25,5% em doze
meses.
Em relação aos empréstimos contratados com
pessoas jurídicas, aqueles lastreados em recursos externos
cresceram 4,4% no mês e 26,2% em doze meses. O
resultado mensal refletiu acréscimos de 3,9% no saldo de
repasses externos e de 3,8% no relativo a Adiantamentos
de Contrato de Câmbio. Os empréstimos concedidos com
recursos domésticos aumentaram 4,4% no mês e 30,6%
em doze meses. A evolução mensal esteve associada à
expansões dos estoques das operações de crédito
Gráfico II.2 – Operações de crédito com
recursos livres – Pessoa física
R$ bilhões
100
80
60
40
20
0
Mar
2004
Jul
Nov
Fonte: BCB
Mar
2005
Jul
Nov
Mar Jul Nov Mar
2006
2007
Crédito pessoal
Aquisição de veículos
Cheque especial
Jul
Nov
Gráfico II.3 – Taxas de juros das operações de crédito
referenciais
referenciais para taxa de juros, 4,8%; dos empréstimos ao
setor rural, 3,7%, e das operações de leasing, 3,4%,
ressaltando-se, no âmbito das operações de crédito
referenciais para taxa de juros, as expansões nos saldos
das modalidades financiamento imobiliário, 11%; capital de
giro, 5,8%; e vendor, 7,5%. Na comparação anual, os saldos
dos dois primeiros segmentos de crédito expandiram,
respectivamente, 74,1% e 45,5%, enquanto o relativo às
operações de vendor recuou 4,1%.
A taxa média nas operações de crédito referenciais
para taxa de juros atingiu 34,7% a.a. e o spread, 23,5%, em
novembro, com recuos respectivos de 0,7 p.p. e 0,9 p.p. em
relação ao mês anterior.
% a.a.
65
55
45
35
25
15
Mar
2004
Jul
Fonte: BCB
Nov
Mar
Jul
Nov Mar
2005
2006
Pessoa física
Jul
Nov
Mar
Jul
2007
Pessoa jurídica
Nov
Quanto ao nível de risco das operações de crédito
do sistema financeiro em novembro, R$833,4 bilhões, 91,7%
do total dos empréstimos, foram registrados como de risco
normal (AA a C); R$47,9 bilhões, 5,3% da carteira de
crédito, como de risco 1 (D a G); e R$27,4 bilhões, 3% do
total, como de risco 2 (H). As provisões totalizaram R$51,1
bilhões, 5,6% do estoque de empréstimos. O nível de
inadimplência nas operações de crédito referenciais para
taxa de juros manteve-se estável em 4,5%, em novembro.
January 2007
|
Boletim do Banco Central do Brasil
| 17
III
Mercados Financeiro e de Capitais
Gráfico III.1 – Taxa de câmbio e risco país
Cotações no fim do período
R$/US$
Embi+
3,20
800
2,80
600
2,40
400
2,00
200
1,60
0
Mar Jul
2004
Nov Mar
2005
Jul
Fontes: BCB e Bloomberg
Nov Mar
2006
Jul
Nov Mar Jul
2007
Taxa de câmbio
Nov
Embi+
Gráfico III.2 – Taxas de juros
Meta Selic e swap DI x pré
% a.a.
20
18
16
14
12
10
Mar
2004
Jul
Nov
Mar
Jul
2005
Meta Selic
Fontes: BCB e BM&F
Nov
Mar
Jul
2006
90 dias
Nov
Mar
Jul Nov
2007
360 dias
As incertezas em relação aos impactos da crise no
setor imobiliário norte-americano sobre a atividade
econômica global voltaram a crescer em novembro. Essa
intranqüilidade se refletiu no desempenho das principais
bolsas de valores dos Estados Unidos, com os índices Dow
Jones e Nasdaq apresentando desvalorizações respectivas
de 4% e 6,9%, apesar da redução de 0,25 p.p. na taxa dos
fed funds realizada pelo Federal Reserve no final de
outubro. O comportamento cauteloso dos investidores quanto
ao risco influiu no mercado de títulos de emissão de países
emergentes, provocando desvalorização no preço desses
papéis. As cotações dos títulos soberanos brasileiros
seguiram essa trajetória, com o Emerging Markets Bond
Index Plus (Embi+) do País aumentando de 167 pontos, no
final de outubro, para 226 pontos, no final de novembro. A
taxa de câmbio situou-se em R$1,7837/US$ no final de
novembro, representando depreciação de 2,3% do real, no
mês.
No mercado financeiro interno, as incertezas
externas e a expectativa em relação às futuras decisões do
Copom provocaram aumento da inclinação positiva da curva
da taxa de juros implícita na negociação dos contratos
futuros de DI na Bolsa de Mercadorias e Futuros (BM&F).
As taxas para operações de prazos de 30, 180 e 360 dias
atingiram 11,13% a.a., 11,33% a.a. e 11,59% a.a., em
novembro, ante 11,14% a.a., 11,17% a.a. e 11,31% a.a., no
final de outubro.
O Banco Central atuou no mercado aberto em
novembro realizando leilões de venda de NTN-B, NTN-F e
LTN, com compromissos de recompra em cinco meses, e
de LTN, em sete meses. O volume financeiro dessas
operações compromissadas atingiu R$7,2 bilhões, sendo
65,8% do total referentes às de maior prazo, enquanto as
recompras provenientes de operações anteriores atingiram
R$10,7 bilhões. Na administração da liquidez bancária de
curto prazo, o Banco Central interveio em 19 dos 20 dias
úteis de novembro, sempre como tomador de recursos. Para
January 2007
|
Boletim do Banco Central do Brasil
| 19
realizar a rolagem dos contratos de swap cambial reverso,
vincendos em 3 de dezembro de 2007, o Banco Central
realizou, em 27 de novembro, leilão de contratos com
vencimentos em 2008, 2009 e 2010, renovando integralmente
aquele vencimento.
Gráfico III.3 – Ibovespa
Jan 2004 = 100
525
450
375
300
225
150
75
Mar
2004
Jul
Nov
Mar Jul
2005
Ibovespa
Nov
Mar
2006
Jul
Nov
Mar Jul
2007
Ibovespa/US$
Fonte: Bovespa
20 |
Boletim do Banco Central do Brasil
|
January 2007
Nov
Com relação às aplicações financeiras, os saldos
dos depósitos de poupança e dos fundos de investimento
apresentaram crescimentos mensais respectivos de 1,8% e
1,3% em novembro, enquanto o relativo aos depósitos a
prazo recuou 0,4%. Comparativamente a novembro de 2006,
os estoques desses ativos expandiram 25,3%, 16,8% e 5,4%,
respectivamente. No mercado de renda variável, o volume
financeiro médio diário da Bolsa de Valores de São Paulo
(Bovespa) alcançou R$6,7 bilhões em novembro, com
crescimento de 0,3% em relação ao mês anterior. O índice
Bovespa registrou queda de 3,5% no mês, atingindo 63.006
pontos e acumulando valorização de 41,7% no ano.
IV
Finanças Públicas
Tabela IV.1 – Receita Bruta do Tesouro Nacional
Janeiro-novembro/2007
Discriminação
R$ bilhões % do PIB
Total
Var. %
442,1
19,0
14,1
190,4
8,2
18,4
141,6
6,1
18,1
IPI
30,2
1,3
19,1
Outros
18,6
0,8
19,0
197,9
8,5
13,0
Cofins
92,9
4,0
12,1
CPMF
32,8
1,4
13,9
CSLL
31,5
1,4
20,4
PIS/Pasep
10,8
Impostos
Imposto de Renda
Contribuições
24,2
1,0
Cide – Combustíveis
7,3
0,3
1,9
Outras contribuições
9,3
0,4
9,7
53,8
2,3
4,3
Outras receitas
Fonte: Minifaz/STN, SRF
Gráfico IV.1 – Resultado do Tesouro Nacional
Fluxos em 12 meses
R$ bilhões
360
300
240
180
120
Mar
2004
Jul
Nov
Fonte: STN
Mar
2005
Jul
Nov
Mar Jul Nov Mar Jul
2006
2007
Receitas menos transferências a
estados e municípios
Despesas
Nov
Gráfico IV.2 – Despesas do Tesouro Nacional
Fluxos em 12 meses
R$ bilhões
150
130
110
90
A receita bruta do Tesouro Nacional (TN) alcançou
R$42,7 bilhões em novembro, 27,6% superior à do mesmo
mês de 2006. Esse resultado refletiu o acréscimo de 44,1%
no recolhimento do Imposto sobre a Renda e Proventos de
Qualquer Natureza (IR), principal receita do TN, resultado
de aumentos de 246% no recolhimento de pessoas físicas
(IRPF) e de 75% no relativo a pessoas jurídicas (IRPJ). A
elevação do IRPF deveu-se ao parcelamento em oito quotas,
ante seis em 2006, do saldo do imposto a pagar apurado na
declaração de ajuste do ano anterior e ao aumento nos ganhos
de capital em alienações de bens. O crescimento do IRPJ
evidenciou os aumentos da lucratividade das empresas e dos
ganhos do sistema financeiro com a abertura de capital da
Bolsa de Valores de São Paulo. Esses dois últimos fatores
também explicam o crescimento de 48,8% na arrecadação
da Contribuição Social sobre Lucro Líquido das Pessoas
Jurídicas (CSLL). A arrecadação bruta do TN somou R$442,1
bilhões de janeiro a novembro de 2007, 14,1% superior à do
mesmo período de 2006.
As transferências a estados e municípios
alcançaram R$9,6 bilhões em novembro e R$94,1 bilhões
no ano, superando as registradas nos mesmos períodos de
2006 em 2,1% e 12,8%, respectivamente. O desempenho
anual refletiu o acréscimo de 14,2% nas transferências para
os fundos constitucionais, reflexo do aumento na
arrecadação de tributos compartilhados.
As despesas do TN somaram R$24,1 bilhões em
novembro, 18,7% acima das registradas no mesmo mês de
2006. Os gastos de pessoal cresceram 8,2% e os de custeio
e capital, 28%. Estes gastos refletiram as elevações de 67%
nas despesas do Fundo de Amparo ao Trabalhador (FAT) e
de 226% nos subsídios e subvenções econômicas, estes
últimos explicados pela expansão das operações oficiais de
crédito e pelo reordenamento de passivos.
70
Mar
2004
Jul
Fonte: STN
Nov
Mar Jul Nov Mar
2005
2006
Pessoal e encargos
Jul
Nov
Mar Jul Nov
2007
Custeio e capital
No ano, até novembro, os gastos do TN somaram
R$228,4 bilhões, 14,2% superiores aos do mesmo período
January 2007
|
Boletim do Banco Central do Brasil
| 21
Tabela IV.2 – Despesas do Tesouro Nacional
Janeiro-novembro/2007
Discriminação
R$ bilhões % do PIB
Total
Var. %
228,4
9,8
14,2
Pessoal e encargos sociais
103,1
4,4
11,5
Custeio e capital
124,8
5,4
16,7
16,8
0,7
24,5
FAT
Subs. e subv. econômicas
8,1
0,4
36,0
Loas/RMV
12,4
0,5
16,7
Despesas discricionárias
72,9
3,1
11,9
Outras desp. de custeio e capital
14,7
0,6
24,8
0,4
0,0
- 33,1
Transf. do Tesouro ao Bacen
Fonte: Minifaz/STN
Gráfico IV.3 – Regime Geral da Previdência Social
Fluxos em 12 meses
R$ bilhões
180
160
140
120
100
80
60
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
Mar Jul
2007
Benefícios
Receitas
Nov
Fonte: STN
Gráfico IV.4 – Necessidades de financiamento do
setor público
Fluxos em 12 meses
% PIB
10
8
6
4
2
0
Mar
2004
Jul
Fonte: BCB
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
Mar
2007
Superávit primário
Déficit nominal
Jul
Juros nominais
Nov
do ano anterior. Os dispêndios de pessoal cresceram 11,5%
e os de custeio e capital, 16,7%. Assinale-se que os
desembolsos relacionados ao Plano Piloto de Investimentos
somaram R$3,7 bilhões, 68% superiores aos do mesmo
período de 2006.
No Regime Geral da Previdência Social, as receitas
totalizaram R$11,8 bilhões em novembro e as despesas,
R$14,3 bilhões, com elevações respectivas de 13% e 8%
em relação ao mesmo mês de 2006. De janeiro a novembro,
a arrecadação somou R$120,6 bilhões e o pagamento de
benefícios, R$161,6 bilhões, resultando em déficit 2,5%
superior ao do mesmo período do ano anterior.
O setor público não financeiro apurou superávit
primário de R$6,8 bilhões em novembro, no conceito de
necessidades de financiamento, registrando-se superávits
de R$4,8 bilhões no Governo Central e de R$2 bilhões nos
governos regionais. Os juros apropriados somaram R$12
bilhões, resultando em déficit nominal de R$5,2 bilhões, dos
quais R$2,5 bilhões do Governo Central, R$2,6 bilhões dos
governos regionais e R$0,1 bilhão das empresas estatais.
No acumulado do ano até novembro, o superávit primário
atingiu R$113,4 bilhões, as despesas com juros, R$147,3
bilhões, e o déficit nominal, R$33,9 bilhões. No acumulado
em doze meses, esses itens somaram R$106,9 bilhões,
R$160,3 bilhões e R$53,4 bilhões, respectivamente,
representando, na ordem, 4,2%, 6,3% e 2,1% do PIB.
A dívida líquida do setor público somou R$1.128
bilhões no final de novembro, 42,6% do PIB, recuando 0,4%
em relação ao mês anterior, sendo composta por R$1.366
bilhões de dívida interna e R$239 bilhões de créditos externos.
O efeito líquido da depreciação cambial sobre os ativos e os
passivos denominados ou indexados ao dólar contribuiu para
o resultado mensal. O TN emitiu R$29,8 bilhões e resgatou
R$22,9 bilhões em títulos, com emissão líquida de R$8,5 bilhões
em títulos no mercado financeiro interno e resgate líquido de
R$1,6 bilhão em títulos no mercado internacional.
A dívida mobiliária federal fora do Banco Central
alcançou R$1.220 bilhões no final de novembro, 46,1% do
PIB e 1,7% superior à do mês anterior. Agregando as
operações de swap e de mercado aberto, 33,3% dos títulos
eram remunerados à taxa Selic, seguindo-se os prefixados,
31,6%, os vinculados a índices de preços, 22,7%; e os
referenciados à taxa de câmbio, -2%. O prazo médio de
vencimento desses títulos passou de 36,7 meses em outubro
para 36,3 meses em novembro.
22 |
Boletim do Banco Central do Brasil
|
January 2007
Setor Externo da Economia Brasileira
O balanço de pagamentos registrou superávit de
US$6,4 bilhões em novembro. As transações correntes
foram deficitárias em US$1,3 bilhão e a conta financeira
apresentou ingressos líquidos de US$8,1 bilhões, ante US$2,5
bilhões em novembro de 2006. No mês, destacaram-se as
reduções de depósitos mantidos por bancos brasileiros e
demais setores no exterior, e as elevações dos empréstimos
de longo prazo e dos créditos comerciais de curto prazo.
Gráfico V.1 – Balança comercial
Médias diárias
US$ milhões
750
600
450
300
150
0
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Exportações
V
Mar
2006
Jul
Nov
Mar
2007
Importações
Jul
Nov
Saldo
Fonte: MDIC/Secex
Gráfico V.2 – Quantum de exportações
Índices com ajuste sazonal
1996 = 100
380
330
O superávit da balança comercial atingiu US$2
bilhões em novembro, resultado de exportações de US$14,1
bilhões e importações de US$12 bilhões, ambos valores
recordes para meses de novembro. As exportações
cresceram 18,1% em relação a novembro de 2006, pelos
critérios de valor e média por dia útil, refletindo elevações
de 25,2% nas vendas de produtos básicos, de 7,4% nas de
semimanufaturados e de 17,1% nas de manufaturados.
280
230
180
130
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
Mar
2007
Jul
Nov
Básicos
Semimanufaturados
Fonte: Funcex
Manufaturados
Gráfico V.3 – Preços de exportações
Índices com ajuste sazonal
1996 = 100
150
De acordo com a Fundação Centro de Estudos do
Comércio Exterior (Funcex), a elevação das exportações
em novembro, relativamente a igual período de 2006,
decorreu de expansões de 15% no índice de preços e de
2,6% no índice de quantum. Os índices de preços relativos
a produtos básicos, semimanufaturados e manufaturados
aumentaram, na ordem, 25,8%, 7,5% e 10,9%. Relativamente
aos índices de quantum, foram registrados recuos nos
relativos a produtos básicos, 0,5%, e semimanufaturados,
0,6%, e aumento de 5,5% no referente a manufaturados.
130
110
90
70
Mar
2004
Jul
Fonte: Funcex
Nov
Mar
2005
Jul
Nov
Mar Jul Nov Mar
2006
2007
Básicos
Semimanufaturados
Manufaturados
Jul
Nov
Em relação às exportações de produtos básicos,
assinalem-se as expansões anuais nas vendas de milho em
grãos, 354,8%; óleos brutos de petróleo, 47,7%; e carne de
frango, 33,8%. Quanto aos produtos semimanufaturados,
sobressaíram os acréscimos das exportações de catodos de
cobre, 216,2%; e de ferro ligas, 105,5%, enquanto em
relação aos manufaturados, destacaram-se as elevações nas
vendas de gasolina, 511,5%; óleos combustíveis, 432,8%;
aviões, 138,8%.
January 2007
|
Boletim do Banco Central do Brasil
| 23
Na mesma base de comparação, ressaltem-se as
elevações nas exportações destinadas à Holanda, 48,1%;
Alemanha, 40,9%; Argentina, 25%; e China, 21,7%. No que
se refere aos mercados com menor participação na pauta
de exportações brasileiras, destacou-se o aumento de
103,5% nas vendas para a Nigéria.
Gráfico V.4 – Quantum de importações
Índices com ajuste sazonal
1996 = 100
270
210
150
90
30
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Fonte: Funcex
Jul
Nov
Mar
2007
Bens de capital
Intermediários
Jul
Nov
Combustíveis
Gráfico V.5 – Quantum de importações – Bens de
consumo
Índices com ajuste sazonal
As importações aumentaram 38,9% em novembro,
em relação a igual período de 2006, registrando-se
crescimentos de 46,4%; nas compras de bens de capital,
matérias-primas e produtos intermediários, 39,5%; bens de
consumo, 36,6%; combustíveis e lubrificantes, 32%. Segundo
a Funcex, a elevação nas importações totais refletiu
acréscimos de 21,5% no índice de quantum e de 14,5% no
índice de preços, no período.
1996 = 100
280
220
160
100
40
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar
2006
Jul
Nov
Duráveis
Mar
2007
Jul
Não duráveis
Fonte: Funcex
Nov
A conta de serviços e rendas apresentou déficit de
US$3,6 bilhões em novembro, resultado 63,9% superior ao
observado em igual mês de 2006. As remessas líquidas
relativas a pagamentos de serviços cresceram 71%,
influenciadas, principalmente, pelas maiores despesas
líquidas com viagens internacionais, que aumentaram 225%,
no período. As remessas líquidas de rendas cresceram
60,6%, refletindo o aumento de 179,4% nas despesas com
pagamento de lucros e dividendos Os pagamentos líquidos
de juros decresceram 55,8%, no mesmo tipo de comparação.
Os investimentos brasileiros diretos no exterior
apresentaram saídas líquidas de US$2,4 bilhões em
novembro, ante US$2,1 bilhões em igual mês de 2006,
compreendendo US$1,7 bilhão de aquisição líquida de
participação no capital de empresas no exterior e US$733
milhões de concessão líquida de empréstimos
intercompanhias. Os investimentos estrangeiros diretos no
País somaram ingressos líquidos de US$2,5 bilhões no mês,
ante US$2,7 bilhões em igual período de 2006. Na forma de
participação no capital, os ingressos líquidos somaram
US$2,3 bilhões, incluídas as conversões em investimentos,
resultado 12,2% inferior ao observado em novembro de
2006. Os desembolsos líquidos de empréstimos
intercompanhias atingiram US$205 milhões, ante US$18
milhões em novembro de 2006.
Em relação à distribuição dos investimentos
estrangeiros diretos por setor, 57,3% dos aportes em
novembro destinaram-se ao setor de serviços, com destaque
para comércio e serviços financeiros, e 33,7% ao setor
industrial, especialmente para a indústria de veículos
automotores e de produtos alimentícios. Quanto à origem,
predominaram os investimentos provenientes dos Estados
24 |
Boletim do Banco Central do Brasil
|
January 2007
Tabela V.1 – Ingressos de investimentos estrangeiros
diretos – Participações no capital
Unidos, França e Chile, responsáveis por 52,7% dos
ingressos totais ocorridos em novembro de 2007.
Principais setores
US$ milhões
Discriminação
2006
Jan-nov
Total
Agropecuária e extrativa mineral
2007
Ano
19 202 22 706
Nov Jan-nov
2 899 31 224
1 373
1 542
262
4 331
Extração de minerais metálicos
517
595
62
3 073
Extração de petróleo e gás
490
532
174
760
7 329
8 462
1 421
1 713
69
4 434
Indústria
Metalurgia básica
977 11 968
Coque, derivados de petróleo
e biocombustíveis
258
260
162
1 504
Produtos químicos
756
936
20
1 349
Produtos alimentícios
412
525
289
1 159
Veículos automotores
264
290
299
807
1 610
1 619
5
464
327
357
21
398
Celulose, papel e prod. de papel
Máquinas e equipamentos
Serviços
10 500 12 702
1 660 14 925
Serviços financeiros
1 945
2 993
477
4 305
Comércio exceto veículos
1 358
1 527
510
2 667
Serviços prestados a empresas
158
164
8
1 583
Construção
592
613
85
1 128
2 242
2 332
44
931
838
890
44
718
1 195
1 214
53
527
Eletricidade, gás e água quente
Atividades imobiliárias
Telecomunicações
Os investimentos estrangeiros em carteira
totalizaram saídas líquidas de US$1 bilhão no mês, ante
entradas líquidas de US$2,6 bilhões em novembro de 2006.
Os investimentos em ações e em títulos de renda fixa, com
negociação no País, somaram saídas líquidas de US$393
milhões e de US103 milhões, respectivamente.
Relativamente aos títulos de renda fixa negociados no
exterior, as saídas líquidas de US$517 milhões, no mês,
refletiram, principalmente, amortizações líquidas de US$590
milhões relativas a bônus públicos.
Outros investimentos brasileiros no exterior
resultaram em retornos líquidos de US$5,1 bilhões,
decorrentes das reduções de depósitos de bancos brasileiros
no exterior, US$3,2 bilhões, e dos demais setores, US$2
bilhões. Relativamente a outros investimentos estrangeiros
no país, foram registrados ingressos líquidos de US$4 bilhões
em novembro, destacando-se os créditos comerciais líquidos
de curto prazo, US$1,6 bilhão, e os empréstimos líquidos de
longo prazo aos demais setores, US$1,5 bilhão.
Em novembro, as reservas internacionais cresceram
US$9,2 bilhões em relação ao estoque do mês anterior,
somando US$177,1 bilhões. A autoridade monetária liquidou
compras de US$5,7 bilhões no mercado doméstico de
câmbio. Entre as operações externas, sobressaiu a receita
de US$634 milhões com a remuneração de reservas.
January 2007
|
Boletim do Banco Central do Brasil
| 25
VI
Economia Internacional
A produção de petróleo pelos membros da
Organização dos Países Exportadores de Petróleo (Opep)
atingiu 31,5 milhões de barris/dia (mbd) em novembro, ante
31 mbd em outubro. Excluindo Iraque e Angola, que não
possuem cotas, a produção superou em 0,6 mbd o novo limite
de 26,8 mbd vigente a partir de primeiro de novembro. O
preço médio do barril da cesta de petróleo da Opep subiu
US$9,63 em novembro, para US$88,99.
Gráfico VI.1 – Preços internacionais do petróleo
Preços médios no mês
US$ por barril
100
85
70
55
40
25
Mar
2004
Jul
Nov
Mar Jul Nov Mar
2005
2006
Cesta Opep
Jul
Nov
Mar
2007
Brent
Jul
Nov
Nos EUA, a estimativa final confirmou o
crescimento anualizado do PIB real no terceiro trimestre
de 4,9%, ante 3,8% no trimestre anterior. A produção
industrial aumentou 0,3% em novembro e 2,1% em doze
meses. A utilização da capacidade instalada aumentou para
81,5%, ante 81,4% em outubro e 81,3% em novembro de
2006. A taxa de desemprego manteve-se estável em 4,7%
nos últimos três meses, ante 4,5% em novembro de 2006.
WTI
Fontes: Opep e Bloomberg
Gráfico VI.2 – Índices de preços ao consumidor
O índice de preços ao consumidor cresceu 0,8%
em novembro e o seu núcleo, que exclui energia e
alimentação, 0,3%. Em doze meses, as elevações atingiram
4,3% e 2,3%, na mesma ordem, com os preços dos produtos
alimentícios subindo 4,8% e os de energia, 21,4%. Os preços
do produtor industrial aumentaram 3,2% no mês e 7,2% em
doze meses.
Var. % 12 meses
5
4
3
2
1
0
Mar
2004
Jul
Nov
Mar
2005
EUA-completo
Fontes: BLS e Eurostat
Jul
Nov
Mar
2006
Jul
EUA-núcleo
Nov
Mar
2007
Jul
Nov
Área do Euro
O orçamento fiscal do governo federal apresentou
déficit de US$98,2 bilhões em novembro, ante US$73 bilhões
em igual mês de 2006. Nos dois primeiros meses do ano
fiscal de 2008, iniciado em outubro de 2007, o déficit
acumulou US$153,8 bilhões, 18% superior ao do mesmo
período do ano anterior.
As exportações somaram US$101 bilhões e as
importações US$173,7 bilhões em novembro, resultando em
déficit 9,7% superior ao de novembro de 2006. No ano, até
novembro, a balança comercial acumulou déficit de
US$744,4 bilhões, 3,3% inferior ao de igual período de 2006.
A balança de serviços registrou superávit de US$9,6 bilhões,
January 2007
|
Boletim do Banco Central do Brasil
| 27
22,9% superior ao de novembro do ano anterior, acumulando,
nos primeiros onze meses do ano, superávit 32,1% superior
ao registrado do mesmo período de 2006.
Em novembro não houve reunião do Comitê de
Mercado Aberto do Federal Reserve e a taxa básica de
juros permaneceu em 4,5% a.a., após redução de 0,25 p.p.
decidida em reunião realizada no final de outubro.
Gráfico VI.3 – Taxas de juros internacionais
% a.a.
6,0
4,5
3,0
1,5
0,0
Mar
2004
Jul
Nov
Mar
2005
Jul
Nov
Mar Jul Nov Mar
2006
2007
Fed Funds
Jul
Nov
Banco Central Europeu
Banco do Japão
Fontes: FRB, BCE e BoJ
Na Área do Euro, estimativa revisada revelou
crescimento de 0,8% do PIB no terceiro trimestre, ante 0,7%
na estimativa preliminar, confirmando crescimento de 2,7%
em relação ao mesmo trimestre de 2006. A produção
industrial recuou 0,5% em novembro, mas aumentou 2,7%
em doze meses. Na comparação anual, a maior expansão
ocorreu na Irlanda, 14,7%, e a maior queda na Itália, 2,5%.
Na Alemanha houve expansão de 4,1%. A taxa de
desemprego permaneceu estável em 7,2% em outubro e
novembro, ante 7,9% em novembro de 2006.
O índice harmonizado de preços ao consumidor subiu
3,1% nos doze meses encerrados em novembro, com altas
de 9,7% no item energia e de 4,3% nos preços da
alimentação. A maior variação ocorreu na Eslovênia, 5,7%,
e a menor na Holanda, 1,8%, enquanto na Alemanha o índice
variou 3,3%. Também em doze meses, o índice de preços
do produtor industrial aumentou 4,1%, com o item energia
liderando as pressões, com alta de 7,8%.
As primeiras estimativas para o comércio exterior
na Área do Euro em novembro indicaram superávit de
US$3,8 bilhões, ante US$6,7 bilhões no mesmo mês de 2006.
Dentre os países membros, a Alemanha apresentou o maior
superávit acumulado de janeiro a outubro, US$223,9 bilhões,
e a Espanha o maior déficit, US$106,3 bilhões
Gráfico VI.4 – Taxas de câmbio
Cotações no fim do período
¥/US$
US$/€
1,50
90
1,40
100
Em reunião realizada em oito de novembro o
Conselho do Banco Central Europeu manteve a taxa básica
de juros em 4% a.a. A cotação do euro atingiu US$1,4691/
€ no último dia útil de novembro, com apreciações de 1,6%
no mês e de 10,8% em doze meses.
1,30
110
1,20
120
1,10
1,00
130
Mar Jul
2004
Nov Mar
2005
Fonte: Bloomberg
Jul
Nov Mar
2006
Jul
Nov Mar Jul
2007
US$/€
Nov
¥/US$
No Japão, a produção industrial dessazonalizada
diminuiu 1,6% em novembro, mas acumulou aumento de
igual magnitude em doze meses. A taxa de desemprego
recuou para 3,8%, ante 4% nos dois meses anteriores e em
novembro de 2006.
A renda média familiar real dos trabalhadores
diminuiu 2,1% e suas despesas, 1,5%, em relação a novembro
28 |
Boletim do Banco Central do Brasil
|
January 2007
de 2006. O índice de preços ao consumidor recuou 0,2% no
mês mas acumulou alta de 0,6% em doze meses. A balança
comercial registrou superávit de US$7,1 bilhões em
novembro ante US$9,5 bilhões em novembro de 2006. Nos
primeiros onze meses do ano o superávit excedeu em 13,9%
o de igual período de 2006.
Em reunião de treze de novembro o Banco do Japão
manteve a taxa básica de juros em 0,5% a.a. A cotação do
iene atingiu ¥110,96/US$ no último dia útil de novembro,
com depreciação de 0,8% no mês e apreciação de 4% em
doze meses.
Na China, o PIB cresceu 11,5% no terceiro
trimestre, em relação a igual trimestre de 2006. O valor
adicionado das empresas industriais aumentou 17,3% em
doze meses até novembro. No ano, até novembro, em
relação ao mesmo período de 2006, a expansão do valor
adicionado atingiu 18,5%.
O índice de preços ao consumidor subiu 0,7% em
novembro e 6,9% em doze meses. O índice de preços do
produtor industrial para produtos manufaturados cresceu
4,6% em doze meses. As vendas no varejo de produtos de
consumo final aumentaram 18,8% em novembro,
comparativamente a igual mês de 2006.
Na Argentina, a produção industrial aumentou 1,2%
em novembro e 9,7% em doze meses, conforme dados
dessazonalizados. A construção civil registrou expansão de
2,4% no mês e de 8,3% em doze meses.
As vendas reais cresceram 23,8% nos
supermercados e 22,2% nos centros de compras, em relação
a novembro de 2006. O índice de preços ao consumidor
subiu 0,9% no mês e 8,5% em doze meses, enquanto o índice
de preços do produtor industrial variou 0,9% e 17,5%, na
mesma ordem.
A balança comercial registrou superávit de US$1
bilhão em novembro, ante US$862 milhões em novembro
de 2006, acumulando US$9,4 bilhões nos onze primeiros
meses de 2007, saldo 13,6% inferior ao de igual período do
ano anterior. A cotação do peso atingiu P$3,146/US$ no
último dia útil de novembro, com depreciação de 0,1% no
mês e de 2,5% em doze meses.
January 2007
|
Boletim do Banco Central do Brasil
| 29
VII
Principais Medidas de Política Econômica
Medidas Provisórias
413, de 3.1.2008 – Dispôs sobre medidas
tributárias destinadas a estimular os investimentos e a
modernização do setor de turismo, a reforçar o sistema de
proteção tarifária brasileiro, a estabelecer a incidência de
forma concentrada da Contribuição para o Programa de
Integração Social/Programa de Formação do Patrimônio do
Servidor Público (Pis/Pasep) e da Contribuição para o
Financiamento da Seguridade Social (Cofins) na produção
e comercialização de álcool, alterou o artigo 3º da Lei 7.689,
de 15.12.1988, e deu outras providências. Foi estabelecida
a incidência do Imposto de Renda na Fonte, a Contribuição
para o Pis/Pasep e a Cofins, nas remessas para o exterior
para pagamentos relativos ao afretamento, arrendamento
ou aluguel de embarcações marítimas ou fluviais destinadas
ao transporte de pessoas para fins turísticos.
414, de 4.1.2008 – Autorizou a União a conceder
crédito ao Banco Nacional de Desenvolvimento Econômico
e Social (BNDES) no valor de R$12.500.000.000,00 (doze
bilhões e quinhentos milhões de reais) em condições
financeiras e contratuais a serem definidas pelo Ministro de
Estado da Fazenda. O superávit financeiro existente no
Tesouro Nacional no encerramento dos exercícios
financeiros poderá ser destinado à cobertura desse crédito.
Decretos
6.339, de 3.1.2008 – Alterou as alíquotas do
Imposto sobre Operações de Crédito, Câmbio e Seguro, ou
relativas a Títulos ou Valores Imobiliários (IOF). Estabeleceu
alíquota adicional de 0,38% nas operações de exportação,
de amparo à produção ou estímulo à exportação, bem como
nos adiantamentos de contrato de câmbio de exportação. O
IOF sobre o valor ingressado no país decorrente de ou
destinado a empréstimos em moeda com prazos mínimos
de até 90 dias aumentou de 5% para 5,38%; nas operações
January 2007
|
Boletim do Banco Central do Brasil
| 31
de câmbio vinculadas à importação de serviços e à
exportação de bens e serviços, a alíquota foi fixada em
0,38%.
6.345, de 4.1.2008 – Alterou o Decreto 6.306, de
14.12.2007, que regulamentou o Imposto sobre Operações
de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores
Imobiliários (IOF). Para operações destinadas ao
cumprimento de obrigações de administradoras de cartão
de crédito ou de bancos comerciais ou múltiplos, na qualidade
de emissores de cartão de crédito, decorrentes de aquisição
de bens e serviços do exterior efetuada por seus usuários,
definiu-se aumento da alíquota do IOF de 2% para 2,38%;
para as operações de câmbio de natureza interbancária entre
instituições integrantes do Sistema Financeiro Nacional
autorizadas a operar no mercado de câmbio e entre estas e
instituições financeiras no exterior, definiu-se alíquota zero
e, para as demais operações de câmbio, alíquota de 0,38%.
6.367, de 30.1.2008 – Fixou os encargos
financeiros dos financiamentos concedidos com recursos
dos Fundos Constitucionais de Financiamento do Norte, do
Nordeste e do Centro-Oeste, de que trata o art. 1º da Lei
10.177, de 12.1.2001.
Resoluções do Conselho Monetário
Nacional
3.528, de 14.1.2007 – Estabeleceu prazo adicional,
até 30 de abril de 2008, para contratação das operações de
crédito ao amparo da linha de crédito especial denominada
Financiamento de Recebíveis do Agronegócio (FRA).
3.529, de 18.1.2007 – Alterou o art. 9º-I da
Resolução 2.827, de 30 de março de 2001, que dispõe sobre
a ampliação do limite para a contratação de operações de
crédito no âmbito do Programa de Atendimento Habitacional
(Pró-Moradia) e da Linha de Financiamento do Banco
Nacional de Desenvolvimento Econômico e Social aos
Projetos Multissetoriais Integrados (PMI).
3.530, de 31.1.2007 – Alterou a fórmula de cálculo
da Taxa Referencial (TR).
3.531, de 31.1.2007 – Alterou a Resolução 3.188,
de 2004, que autoriza aos bancos cooperativos o
recebimento de depósitos de poupança rural. Essa alteração
possibilita a contratação de qualquer empresa, inclusive
cooperativa de crédito, com vistas à prestação de serviços
32 |
Boletim do Banco Central do Brasil
|
January 2007
de captação de poupança rural em nome dos bancos
cooperativos, ao amparo da regulamentação sobre
constituição e funcionamento de cooperativas de crédito e
sobre contratação de correspondentes no país.
3.532, de 31.1.2007 – Alterou dispositivos da
Resolução 3.444, de 2007, que define o Patrimônio de
Referência (PR), que é o conceito de capital próprio utilizado
para a verificação do cumprimento dos limites operacionais
a que estão submetidas as instituições financeiras. A principal
alteração se refere à possibilidade de inclusão no PR dos
instrumentos híbridos de capital e dívida com cláusula de
opção de recompra pelo emissor, combinada ou não com
modificação de seus encargos financeiros caso não exercida
a opção, desde que atendidos determinados requisitos. Entre
esses requisitos, foi determinado um intervalo mínimo de
dez anos entre a data de autorização para que o instrumento
integre o PR e a primeira data de exercício da opção de
recompra. É necessária a previsão contratual para que o
exercício da opção de recompra seja condicionado, na data
do exercício, à autorização do Banco Central do Brasil.
3.533, de 31.1.2007 – Estabeleceu procedimentos
para classificação, registro contábil e divulgação de
operações de venda ou de transferência de ativos financeiros,
consoante definições estabelecidas na Resolução 3.534. O
tratamento contábil passa a seguir os critérios de
transferência de risco e, de forma acessória, de transferência
de controle. Destarte, devem-se classificar e registrar
contabilmente as vendas ou transferências de ativos
financeiros conforme as seguintes categorias: operações com
transferência substancial dos riscos e benefícios; operações
com retenção substancial dos riscos e benefícios; e
operações sem transferência nem retenção substancial dos
riscos e benefícios. A avaliação quanto à transferência ou
venda de riscos e benefícios de propriedade de ativos
financeiros é de responsabilidade da instituição e deve ser
efetuada com base em critérios consistentes e passíveis de
verificação.
3.534, de 31.1.2007 – Definiu os seguintes
termos para fins de registro contábil: instrumento financeiro,
ativo financeiro, passivo financeiro, instrumento de capital
próprio, valor justo e transferência de controle de ativo
financeiro.
3.535, de 31.1.2007 – Dispôs sobre procedimentos
aplicáveis no reconhecimento, mensuração e divulgação de
provisões, contingências passivas e contingências ativas.
January 2007
|
Boletim do Banco Central do Brasil
| 33
Resoluções da Câmara de Comércio
Exterior
1, de 23.1.2008 – Alterou para 0% (zero por
cento), até 31.12.2008, as alíquotas ad valorem do Imposto
de Importação incidente sobre os bens de informática e
telecomunicações que menciona, na condição de extarifários especiais. Estes itens referem-se aos investimentos
voltados para a implantação da TV Digital.
2 , d e 2 4 . 1 . 2 0 0 8 – Alterou para 2%, até
31.12.2008, as alíquotas ad valorem do Imposto de
Importação incidentes sobre os Bens de Capital, na condição
de ex-tarifários, bem como sobre os componentes do
Sistema Integrado que especifica, modificando as
Resoluções 1/2005, 57/2007 e 73/2007 e cancelando o extarifário que menciona.
Circulares do Banco Central do Brasil
3.374, de 17.1.2007 – Divulgou a amostra de que
trata o art. 1º da Resolução 3.354, de 31 de março de 2006,
para fins de cálculo da Taxa Básica Financeira (TBF) e da
Taxa Referencial (TR).
3.375, de 31.1.2007 – Instituiu recolhimento
compulsório e encaixe obrigatório sobre recursos de depósitos
interfinanceiros captados das sociedades de arrendamento
mercantil pelos bancos comerciais, bancos múltiplos, bancos
de desenvolvimento, bancos de investimento, bancos de
câmbio, caixas econômicas e sociedades de crédito,
financiamento e investimento. O limite máximo desse
recolhimento compulsório é de 25% da base de cálculo, que
corresponde à média aritmética dos saldos dos depósitos
interfinanceiros apurados nos dias úteis do período de cálculo,
deduzida de R$3.000.000,00 (três milhões de reais). Essa
exigibilidade deve ser cumprida mediante a vinculação de
títulos públicos federais no Sistema Especial de Liquidação
e de Custódia (Selic).
Circular da Secretaria de Comércio
Exterior
3 , d e 1 7 . 1 . 2 0 0 8 – Informou sobre a
disponibilização, no site do Ministério do Desenvolvimento,
Indústria e Comércio Exterior (MDIC), de versões
atualizadas das concessões tarifárias do Brasil na
Organização Mundial do Comércio (OMC).
34 |
Boletim do Banco Central do Brasil
|
January 2007
Comunicado do Banco Central do
Brasil
16.475, de 19.1.2008 – Divulgou as condições de
oferta pública para a realização de operações de swap.
Instrução Normativa da Secretaria da
Receita Federal
810, de 21.1.2008 – Esclareceu que a elevação
da alíquota da Contribuição Social sobre o Lucro Líquido
(CSLL), de 9% para 15%, a cargo das instituições
financeiras, será aplicável sobre os fatos geradores
ocorridos a partir de maio de 2008.
January 2007
|
Boletim do Banco Central do Brasil
| 35
Statistical Tables
I
Economic Activity
I.1 – National accounts
Itemization
GDP at market prices (R$ thousand)
2001
2002
2003
2004
2005
1 937 598 291
1 198 736 188
1 346 027 553
1 556 182 114
1 766 621 034
Real GDP change rate (%)
1.3
1.9
0.5
4.9
2.3
Implicit GDP deflator (%)
7.4
10.2
15.0
8.2
7.2
Nominal GDP change rate (%)
1/
Net income/payments abroad (R$ thousand)
GNP at market prices (R$ thousand)
Other current transfers (R$ thousand)
Gross national disposable income (R$ thousand)
8.9
12.3
15.6
13.5
9.7
45 284 441
51 943 778
55 149 917
58 491 000
61 598 000
1 153 451 747
1 294 083 775
1 501 032 197
1 708 130 034
1 876 000 291
3 866 547
7 267 024
8 752 133
9 564 000
8 635 000
1 157 318 294
1 301 350 799
1 509 784 330
1 717 694 034
1 884 635 291
1 454 087 261
Final consumption (R$ thousand)
956 501 328
1 052 139 114
1 192 613 281
1 307 577 567
Gross savings (R$ thousand)
200 816 966
249 211 685
317 171 049
410 116 467
430 548 029
Gross capital formation (R$ thousand)
254 136 764
265 953 462
307 491 071
376 573 317
398 597 806
Capital transfers (R$ thousand)
Balance in current transactions (R$ thousand)
GDP (US$ billion)
2/
- 89 359
1 307 996
1 511 961
968 000
1 629 000
- 53 409 157
- 15 433 781
11 191 939
34 511 150
33 579 223
509.8
459.4
506.8
604.0
796.3
Source: Bacen and IBGE
1/ Nonresident employees earnings included.
2/ Banco Central do Brasil estimates.
January 2007 | Boletim do Banco Central do Brasil |
41
I.2 – Gross Domestic Product (GDP)
Year
GDP at current
Implicit
prices in R$
deflator
(%)
Real change rates (%)
Agricul- Industry Services
GDP
Real GDP
Population
index
(1,000 inh.)
2005=100
Per capita GDP
At constant Real change Real index
ture and
2005 prices
livestock
(R$)
rate (%)
2005=100
92.6
1986
1 274
149.2
- 8.0
11.7
8.1
7.5
67.7
134 653
9 739.05
5.4
1987
4 038
206.2
15.0
1.0
3.1
3.5
70.1
137 268
9 890.76
1.6
94.0
1988
29 376
628.0
0.8
- 2.6
2.3
- 0.1
70.0
139 819
9 704.47
- 1.9
92.2
1989
425 595
1 304.4
2.8
2.9
3.5
3.2
72.2
142 307
9 836.11
1.4
93.5
1990
11 548 795
2 737.0
- 3.7
- 8.2
- 0.8
- 4.3
69.1
146 593
9 133.19
- 7.1
86.8
1991
60 285 999
416.7
1.4
0.3
2.0
1.0
69.8
149 094
9 072.43
- 0.7
86.2
1992
640 958 768
969.0
4.9
- 4.2
1.5
- 0.5
69.4
151 547
8 877.09
- 2.2
84.4
1993
14 097 114 182
1 996.2
- 0.1
7.0
3.2
4.9
72.9
153 986
9 166.75
3.3
87.1
1994
349 204 679 000
2 240.2
5.5
6.7
4.7
5.9
77.1
156 431
9 551.59
4.2
90.8
1995
646 191 517 000
77.5
4.1
1.9
1.3
4.2
80.4
158 875
9 801.89
2.6
93.2
1996
778 886 727 000
17.4
3.1
3.3
2.3
2.7
82.5
161 323
9 909.77
1.1
94.2
1997
870 743 034 000
8.3
- 0.8
4.6
2.6
3.3
85.2
163 780
10 080.45
1.7
95.8
1998
914 187 877 000
4.9
1.3
- 1.0
0.9
0.1
85.3
166 252
9 943.65
- 1.4
94.5
1999
973 845 966 000
5.7
8.3
- 2.2
2.0
0.8
86.0
168 754
9 873.20
- 0.7
93.9
2000
1 101 255 078 000
8.4
2.1
4.8
3.8
4.4
89.7
171 280
10 151.76
2.8
96.5
2001
1 198 736 188 000
7.4
5.8
- 0.5
1.8
1.3
90.9
173 822
10 134.60
- 0.2
96.3
2002
1 346 027 553 000
10.2
5.5
2.6
1.6
1.9
92.7
176 391
10 179.42
0.4
96.8
2003
1 556 182 114 000
15.0
4.5
0.1
0.6
0.5
93.2
178 985
10 086.55
- 0.9
95.9
2004
1 766 621 034 000
8.2
5.3
6.2
3.3
4.9
97.8
181 586
10 432.85
3.4
99.2
2005
1 937 598 291 000
7.2
0.8
2.5
2.0
2.3
100.0
184 184
10 519.89
0.8
100.0
Source: IBGE
42 |
Boletim do Banco Central do Brasil
|
January 2007
I.3 – Economic indicators
1992 average=100
Period
Industrial production
Total
Manufacturing
Level of
Capacity utilization
Activity
in manufacturing
Mineral
Indicator
industry extraction
(INA)
(SP)
Real industrial sales
Hours worked
in production
2/
in manufacturing
industry
industry
1/
(SP)
3/
(CNI)
2002=100
(SP)
3/
(CNI)
2002=100
(SP)
3/
(CNI)
2002=100
2000
129.23
125.38
173.00
...
...
80.71
...
161.71
...
75.75
2001
131.27
127.08
178.92
...
...
80.41
...
178.01
...
77.06
2002
134.85
127.75
212.84
100.00
79.21
81.01
100.00
173.07
100.00
77.92
2003
134.92
127.50
222.89
97.68
77.56
79.85
94.72
164.42
96.02
77.10
2004
146.13
138.38
232.45
110.54
80.92
82.69
115.81
185.41
104.26
81.58
2005
2006
Jan
136.82
129.04
234.03
101.32
79.45
81.24
100.54
163.86
95.64
77.66
Feb
129.32
122.19
214.13
100.06
79.51
81.52
101.85
162.95
99.05
78.06
Mar
149.44
141.37
242.29
111.96
81.67
82.98
120.40
192.14
107.05
85.10
Apr
147.16
138.78
252.02
111.78
80.73
82.41
116.49
181.40
110.39
85.73
May
153.82
144.96
267.19
117.45
81.80
82.71
121.40
186.46
115.68
88.98
Jun
154.78
145.95
265.94
118.99
81.93
82.47
130.74
195.02
116.40
89.97
Jul
152.82
143.96
267.22
116.65
81.70
81.56
117.20
182.42
114.13
88.05
Aug
162.36
153.37
270.32
124.06
82.41
82.20
128.54
195.95
117.99
91.11
Sep
156.42
147.61
265.34
120.20
81.02
81.50
131.90
190.54
113.13
87.04
Oct
159.05
149.98
273.37
119.20
81.33
81.97
128.32
185.64
111.20
86.57
Nov
158.33
149.68
259.66
121.01
82.05
82.14
131.86
190.15
112.44
85.69
Dec
147.46
138.77
262.06
111.71
79.69
80.27
145.45
184.69
103.65
81.63
Jan
141.04
132.23
266.30
104.07
77.36
80.11
111.49
164.21
101.15
79.53
Feb
136.30
128.30
241.52
105.37
79.67
80.57
107.27
160.06
105.77
79.73
Mar
157.35
148.28
273.79
118.93
81.75
82.11
130.75
192.88
115.26
87.50
Apr
144.58
135.86
263.89
110.20
78.34
80.31
113.96
170.44
112.65
83.31
May
161.23
151.79
284.95
123.93
82.90
82.78
132.26
190.40
122.54
90.76
Jun
153.92
145.01
268.66
121.08
82.55
82.41
140.39
190.34
121.89
88.94
Jul
158.15
148.72
284.82
121.89
80.55
81.85
127.25
187.19
123.02
89.66
Aug
167.63
158.15
285.35
128.76
82.25
82.88
145.16
203.23
127.07
92.95
Sep
158.95
149.72
278.41
123.22
82.03
82.59
145.21
198.10
123.34
89.14
Oct
166.86
157.35
286.46
123.87
80.93
82.77
140.35
205.58
125.61
91.54
Nov
165.04
155.66
282.54
...
82.51
...
...
197.16
...
88.76
(continues)
January 2007 | Boletim do Banco Central do Brasil |
43
I.3 – Economic indicators
1992 average=100
(concluded)
Period
Own
Corrugated
Inputs Consultations Industrial employment
electric
paper
production with telephone
industrial
charge
shipments
for the check & credit
4/
building
Real
wages
Real industrial
Productivity
4/
in the
overall wages
manufacturing
5/
department
industry
industry
(SP)
(SP)
2002=100
(SP)
(CNI)
3/
2002=100
(SP)
(SP)
2002=100
2002=100
3/
(CNI)
2000
135.83
95.56
127.71
223.57
...
74.76
...
...
103.69
165.36
2001
121.71
96.12
124.75
230.26
...
75.48
...
...
107.00
164.84
2002
127.80
100.00
120.30
242.97
100.00
75.21
100.00
100.00
106.37
163.87
2003
128.13
87.96
113.02
239.48
97.85
75.52
97.42
95.31
101.90
165.35
2004
147.81
98.26
119.50
248.88
101.69
78.54
101.56
103.29
111.09
169.51
Jan
148.92
90.34
112.74
239.80
103.65
80.85
98.93
102.54
115.02
166.23
Feb
145.27
86.66
107.38
216.93
104.26
81.14
98.48
102.67
113.23
156.59
Mar
154.18
101.23
121.86
244.15
105.58
81.90
99.11
104.64
117.06
166.19
Apr
156.33
101.07
119.03
232.98
108.57
83.03
99.01
107.50
117.79
161.95
May
147.01
102.89
120.22
255.28
109.53
83.51
100.25
109.80
119.76
162.98
Jun
146.75
104.58
121.79
254.42
109.95
83.78
101.40
111.48
119.98
162.29
Jul
143.65
101.24
120.31
269.70
110.24
83.52
101.23
111.59
121.28
163.57
Aug
150.72
105.78
129.05
272.15
110.03
83.40
101.10
111.23
121.83
168.41
Sep
152.69
105.89
126.12
243.36
109.61
83.29
102.04
111.84
121.18
169.66
Oct
153.87
103.06
126.56
266.57
109.42
83.15
99.89
109.29
122.23
173.31
Nov
153.23
105.09
126.03
274.88
108.90
82.51
105.53
114.92
125.47
174.75
Dec
152.02
99.19
121.53
345.79
107.28
81.69
106.28
114.02
126.25
170.07
Jan
158.84
97.39
120.80
251.47
108.32
81.65
102.53
111.05
...
166.33
Feb
163.30
92.25
114.75
223.92
110.47
82.41
105.85
116.93
...
160.97
Mar
168.83
104.94
130.01
261.95
111.98
82.96
108.13
121.08
...
169.52
Apr
158.88
97.50
117.39
237.19
116.54
84.29
104.88
122.23
...
163.15
May
155.99
105.64
129.23
275.98
117.81
85.00
105.01
123.71
...
167.31
Jun
157.92
99.92
123.95
265.27
117.89
84.92
108.84
128.30
...
163.11
Jul
160.31
98.89
130.27
282.60
118.54
85.16
106.45
126.18
...
165.95
Aug
160.70
105.58
136.67
284.09
118.54
85.35
104.99
124.45
...
170.22
Sep
157.65
103.70
128.79
253.69
118.78
85.47
104.73
124.40
...
168.02
Oct
155.57
109.62
133.78
277.39
118.57
85.82
106.78
126.61
...
171.96
Nov
159.05
108.24
131.17
286.14
...
175.44
2005
2006
...
85.71
...
...
Source: ABPO, ACSP, CNI, Eletrobrás, Fiesp and IBGE
1/ The Level of Activity Indicator (INA) mainly comprises the level of capacity utilization, the number of hours worked in production by employee
and the real industrial sales on the reference and on the prior month.
2/ Percentage of maximum operating capacity utilized in the month. The complement to 100 stands for the average level of idleness.
3/ Produced from the research of the industry federation of the following states: AM, CE, PE, BA, ES, MG, RJ, SP, PR, SC, RS and GO.
4/ Deflated by IPC -Fipe for São Paulo and by INPC for CNI.
5/ Ratio between physical production in the manufacturing industry as announced by the IBGE and hours worked in the manufacturing industry, as announced by the CNI.
44 |
Boletim do Banco Central do Brasil
|
January 2007
I.4 – Economic indicators – seasonally adjusted1/
1992 average=100
Industrial production
Period
Level of
Capacity utilization
Activity
in manufacturing
Total Manufacturing
Mineral
Indicator
industry
extraction
(INA)
Real industrial sales
Hours worked
in production
3/
in manufacturing
industry
industry
2/
(SP)
(SP)
4/
(CNI)
2002=100
(SP)
4/
(CNI)
2002=100
(SP)
4/
(CNI)
2002=100
2000
129.60
125.79
172.87
...
...
80.68
...
161.98
...
75.89
2001
131.68
127.49
178.79
...
...
80.43
...
178.32
...
77.27
2002
135.26
128.16
212.74
100.00
79.20
81.03
100.00
172.13
100.00
78.11
2003
135.26
127.88
222.60
97.82
77.55
79.87
94.92
164.08
96.08
77.30
2004
146.19
138.45
232.34
110.44
80.90
82.61
115.48
184.95
103.95
81.51
Jan
149.72
142.09
239.98
112.64
81.28
82.84
114.51
186.01
105.47
84.09
Feb
147.22
139.96
240.00
112.24
81.00
82.71
118.57
186.95
106.85
84.43
Mar
149.82
142.09
239.96
111.91
81.36
82.84
121.61
188.81
107.96
85.10
Apr
150.09
141.43
259.15
116.26
81.27
82.10
120.66
186.65
109.57
85.87
May
151.22
142.41
259.64
114.68
81.05
82.14
121.26
185.48
111.54
86.52
Jun
155.54
146.48
261.75
117.25
81.73
82.04
125.77
184.85
112.81
88.34
Jul
151.33
142.66
259.30
114.46
81.42
81.49
121.08
184.48
112.07
86.17
Aug
152.29
143.61
261.26
115.78
80.89
81.31
120.32
178.88
110.79
86.09
Sep
150.37
141.20
263.03
114.64
79.88
80.87
122.60
179.68
110.34
85.12
Oct
150.38
141.34
264.69
113.23
80.66
81.37
121.74
177.88
109.13
84.69
Nov
151.51
142.80
262.58
115.81
81.46
81.73
125.68
184.63
109.91
84.91
Dec
154.93
146.51
263.32
117.27
81.22
81.88
138.84
189.76
110.32
87.49
Jan
152.75
143.83
269.94
115.79
79.29
81.55
126.96
182.55
111.44
85.50
Feb
154.43
146.17
268.75
117.44
81.20
81.80
125.42
183.58
114.31
86.38
Mar
154.02
144.66
271.28
118.42
81.40
81.36
126.44
182.79
115.14
85.85
Apr
154.01
145.48
271.71
115.79
79.02
80.90
124.75
185.67
115.91
86.51
May
156.48
147.33
276.07
120.27
82.06
82.00
131.85
185.06
115.75
86.90
Jun
154.56
145.17
263.28
119.28
82.10
81.82
133.13
184.29
117.52
87.26
Jul
155.82
146.62
276.86
119.47
80.30
81.81
132.27
189.16
120.04
87.58
Aug
156.96
147.71
276.69
120.09
80.67
81.99
135.64
185.85
119.43
87.78
Sep
155.32
146.15
277.05
118.05
80.90
82.16
135.06
191.27
120.38
87.87
Oct
156.84
147.19
278.50
118.27
80.40
82.00
134.25
192.84
122.34
88.76
Nov
158.04
148.40
284.69
...
82.06
2005
2006
...
...
191.31
...
88.21
(continues)
January 2007 | Boletim do Banco Central do Brasil |
45
I.4 – Economic indicators – seasonally adjusted 1/
(concluded)
Period
1992 average=100
Industrial employment
Own
Corrugated
Inputs Consultations
electric
paper
production with telephone
industrial
charge
shipments
for the check & credit
5/
building
Real
Real industrial
Productivity
5/
in the
overall wages
manufacturing
wages
6/
department
industry
industry
(SP)
(SP-Cap.)
2002=100
(SP)
4/
(CNI)
2002=100
(SP)
(SP)
2002=100
2002=100
4/
(CNI)
2000
135.99
95.67
128.12
224.10
...
74.77
...
...
103.71
165.35
2001
121.83
96.30
125.48
231.49
...
75.49
...
...
107.00
164.81
2002
128.22
100.00
121.00
244.18
100.00
75.21
100.00
100.00
106.36
163.86
2003
128.53
88.18
113.64
240.17
97.86
75.52
97.37
95.31
101.87
165.35
2004
147.83
98.05
119.58
248.63
101.69
78.54
101.55
103.31
111.07
169.54
Jan
148.45
97.69
120.46
258.41
105.58
81.65
100.33
106.32
116.18
169.89
Feb
144.59
96.60
119.47
258.09
106.03
81.89
99.82
105.59
115.99
164.75
Mar
148.94
97.84
121.07
260.21
106.70
82.30
99.72
105.95
118.29
166.16
Apr
150.12
100.25
119.68
251.85
107.64
82.67
99.76
107.20
118.35
165.90
May
150.05
101.58
119.98
258.80
108.12
82.85
100.52
108.40
119.36
165.01
Jun
149.25
106.45
124.04
259.01
108.47
83.19
100.53
109.33
119.85
166.46
Jul
149.10
103.22
119.90
260.00
108.79
83.01
101.21
110.20
120.87
164.80
Aug
151.07
101.14
120.69
258.27
108.84
82.93
102.13
111.32
121.61
166.28
Sep
152.88
102.24
122.10
257.57
108.76
82.96
102.81
113.18
121.91
165.62
Oct
154.52
98.56
120.14
263.32
109.09
82.87
101.38
110.71
122.36
166.43
Nov
154.50
100.63
123.84
266.85
109.17
82.73
102.14
111.66
122.66
166.77
Dec
156.35
103.26
130.38
269.21
109.96
82.63
102.65
111.86
123.43
168.38
Jan
158.42
104.01
127.61
271.86
110.49
82.51
104.05
115.15
...
169.43
Feb
162.43
102.96
127.08
266.63
112.47
83.19
107.10
119.70
...
169.26
Mar
160.27
101.94
125.16
270.25
113.26
83.40
108.51
122.18
...
169.17
Apr
156.56
99.87
124.60
270.72
115.38
83.89
105.77
121.86
...
167.30
May
158.05
102.18
127.09
271.42
116.16
84.30
105.46
122.32
...
169.22
Jun
160.44
100.15
126.86
271.82
116.06
84.29
107.67
125.82
...
167.23
Jul
165.52
100.68
128.81
272.18
116.73
84.60
106.51
124.73
...
167.48
Aug
161.31
100.65
127.80
271.74
117.21
84.86
106.14
124.60
...
167.94
Sep
158.14
101.21
126.21
268.31
117.87
85.13
105.52
125.82
...
164.37
Oct
156.52
103.92
127.00
275.90
118.34
85.54
108.43
128.20
...
165.45
Nov
159.96
104.41
128.25
277.44
...
167.51
2005
2006
...
85.96
...
...
Source: ABPO, ACSP, CNI, Eletrobrás, Fiesp and IBGE
1/ Seasonally adjusted by Depec, with the exception of the industrial production and the Level of Activity Indicator, deflated by IBGE and Fiesp, respectively.
2/ The Level of Activity Indicator (INA) mainly comprises the level of capacity utilization, the number of hours worked in production by employee
and the real industrial sales on the reference and on the prior month.
3/ Percentage of the maximum capacity utilized in the month. The complement of 100 represents the average level of non utilization.
4/ Researched based on data gathered by the industrial associations in the following states: AM, CE, PE, BA, ES, MG, RJ, SP, PR, SC, RS and GO.
5/ Deflated by IPC -Fipe for São Paulo and by INPC for CNI.
6/ Ratio between the physical production in the manufacturing industry, as released by IBGE, and the number of hours worked in production in the manufacturing industry, as
published by CNI.
46 |
Boletim do Banco Central do Brasil
|
January 2007
I.5 – Sales Volume Index in the Retail Sector – Brazil
2003 average=100
Retail sector
Period
Fuel and
Supermarkets
lubricants
Textiles, clothing
Furniture and
Vehicles,
and footwear
home appliances
motorcycles
Observed Seasonally Observed Seasonally Observed Seasonally Observed Seasonally Observed Seasonally Observed Seasonally
data
adjusted
data
adjusted
data
adjusted
data
adjusted
data
adjusted
data
adjusted
2000
106.21
105.94
101.74
101.81
106.63
106.21
102.85
102.72
102.81
102.56
134.66
134.69
2001
104.54
104.67
98.90
98.83
107.03
107.19
104.49
104.48
101.49
101.50
129.83
129.57
2002
103.81
104.06
104.48
104.38
105.11
105.34
103.17
103.24
100.88
101.35
107.76
107.57
2003
100.00
99.95
100.00
99.88
100.00
100.03
100.00
100.09
100.00
99.24
100.00
99.72
2004
109.25
108.81
104.65
104.62
107.21
106.83
104.71
104.36
126.41
125.59
117.80
117.14
Jan
105.15
112.74
99.36
101.57
105.68
110.56
82.98
106.71
126.93
136.14
119.03
121.97
Feb
97.10
111.18
88.15
98.33
98.06
107.17
75.94
104.87
112.26
138.43
99.38
116.06
Mar
111.36
112.33
97.46
98.10
112.39
107.35
88.08
107.11
130.56
140.56
122.56
117.93
Apr
107.75
112.62
93.88
97.59
105.32
108.15
100.56
115.94
134.64
151.13
113.56
117.76
May
112.29
113.57
97.54
98.72
105.38
109.94
112.60
106.09
153.35
150.50
115.74
119.75
Jun
110.12
115.16
97.86
99.16
103.85
110.13
109.95
107.19
143.78
148.79
117.37
118.45
Jul
114.61
115.60
99.50
96.44
110.91
110.99
111.87
113.03
146.69
150.25
112.82
117.00
Aug
113.75
115.30
99.37
96.11
109.30
111.76
105.50
111.24
146.11
149.55
128.55
119.23
Sep
109.29
115.19
97.30
95.76
107.47
111.47
99.39
113.98
130.71
142.74
118.91
117.77
Oct
115.46
115.17
97.96
94.11
113.43
112.16
105.07
113.52
143.65
145.71
119.61
116.65
Nov
114.98
115.65
94.21
93.30
109.87
111.64
113.16
111.33
152.02
151.12
129.54
120.23
Dec
162.59
116.99
100.74
94.35
144.49
112.24
225.11
114.02
239.22
150.69
138.57
132.51
Jan
112.02
122.12
90.80
92.53
110.80
118.41
89.79
114.99
142.92
153.46
119.14
118.22
Feb
102.68
117.65
82.29
91.86
105.40
115.23
80.57
111.65
122.75
151.90
100.16
118.12
Mar
114.67
117.96
88.28
89.09
116.28
116.70
88.99
108.80
144.97
156.13
130.11
120.72
Apr
115.79
119.70
83.67
87.36
120.22
117.86
97.34
111.93
138.45
155.13
107.65
121.69
May
120.59
120.19
86.19
87.05
113.07
117.13
123.07
111.64
176.73
165.72
130.31
124.52
Jun
114.49
119.76
85.48
87.01
112.74
118.85
107.09
109.23
148.27
159.36
112.83
121.58
Jul
117.19
118.98
89.43
86.86
116.42
118.46
106.25
107.60
149.13
152.58
130.53
131.47
Aug
120.91
122.21
93.04
89.87
117.51
119.40
106.83
112.97
161.79
165.45
141.61
132.38
Sep
120.20
124.79
90.80
89.30
119.10
120.91
102.04
116.25
157.65
172.30
130.76
132.68
Oct
123.48
125.41
92.35
88.88
120.50
121.62
103.59
112.54
169.65
172.98
141.17
133.85
Nov
125.58
126.11
91.78
90.70
119.95
121.89
121.09
119.00
174.60
173.87
145.38
135.20
2005
2006
Source: IBGE
January 2007 | Boletim do Banco Central do Brasil |
47
I.6 – Industrial production indicators
Annual change (%)
Itemization
1999
2/
2000
2001
2002
2003
2004
2005
1/
2006
-0.7
6.6
1.6
2.7
0.1
8.3
3.1
3.1
8.5
11.8
3.4
19.0
4.7
4.3
10.2
7.3
-1.6
6.1
1.4
0.5
-0.2
8.5
2.7
2.8
Food products
3.1
-2.1
4.9
3.0
-1.4
4.1
0.6
2.0
Beverages
0.0
4.0
0.3
-12.2
-4.1
5.8
6.4
6.9
-7.1
-7.8
-4.7
-40.0
-6.4
18.9
-0.9
4.1
2.1
6.1
-5.4
0.2
-4.5
10.1
-2.1
2.0
Clothing and cloth goods
-4.3
8.8
-9.6
5.6
-12.2
1.6
-5.0
-4.8
Leather and footwear goods
Total
Extraction industries
Manufacturing industry
By segment
Tobacco leaves
Textiles
-1.4
0.5
4.0
-1.5
-9.6
2.3
-3.2
-2.6
Wood
7.0
3.1
-0.3
4.4
5.3
7.7
-4.5
-7.2
Pulp, paper and paper produtcts
6.3
4.1
0.1
3.3
6.3
7.9
3.1
2.4
Issue, priting and copy of recording
...
...
...
...
0.7
-2.4
11.3
2.4
Petroleum and alcohol refining
-0.5
-1.8
4.0
-2.6
-2.2
2.3
1.5
1.6
Pharmaceuticals
5.0
-0.4
-2.0
-1.0
16.3
-7.6
1.0
14.4
Perfumes, soaps, detergents and cleaning products
7.3
2.7
-1.2
1.9
0.9
11.9
3.7
2.0
Other chemical products
3.8
6.0
-8.3
-4.2
3.0
7.0
-1.3
-1.3
Rubber and plastics
-1.8
4.1
-4.5
0.1
-3.5
7.8
-1.2
2.5
Nonmetallic minerals
-2.9
1.7
-2.3
-1.0
-3.6
4.9
2.8
2.7
Metallurgy
-1.3
9.2
0.2
3.6
6.0
3.4
-2.0
2.9
Metal products - excludes machinery and equipments
-1.1
2.2
2.3
2.7
-5.5
10.0
-0.2
-1.3
Machinery and equipments
-5.9
18.9
4.2
2.8
5.3
16.1
-1.4
3.8
...
...
...
...
8.0
33.6
17.3
52.8
10.4
Office and computer equipments
Eletrical appliances and equipments
Eletronical anda communications equipments
Medical and hospital equipments
Automotives vehicles
-6.7
10.5
20.3
-0.9
1.8
7.1
7.9
-19.4
32.7
-2.8
-11.1
0.5
17.8
14.2
1.1
...
...
...
...
-3.1
8.3
2.6
10.1
-9.3
18.5
0.0
-2.1
4.3
29.9
6.8
2.0
11.0
21.4
24.2
21.8
9.2
10.3
5.5
2.7
Furniture
0.1
8.1
0.0
-1.9
-9.2
6.9
0.5
8.7
Other
...
...
...
...
-1.7
10.8
8.4
-0.9
-9.1
13.1
13.5
-5.8
2.2
19.7
3.6
5.7
1.9
6.8
-0.1
4.2
1.9
7.4
1.0
2.1
-2.8
3.5
1.2
1.5
-2.8
7.3
6.1
3.9
Durable
-9.3
20.8
-0.6
4.7
3.0
21.8
11.4
7.3
Semidurable and nondurable
-1.2
-0.4
1.6
1.1
-4.0
4.0
4.6
2.9
Other transportation vehicles
By category of use
Capital goods
Intermediate goods
Consumer goods
Source: IBGE
1/ Production in January-November/2006 compared to that of the same period of the previous year.
2/ New segments of industrial production accordingly by newly issued survey of IBGE.
48 |
Boletim do Banco Central do Brasil
|
January 2007
I.7 – Automotive industry
Units
Period
Production
Sales
Domestic
Imports
External
Total
Monthly Accumulated
Monthly Accumulated
Monthly Accumulated
Monthly Accumulated
Monthly Accumulated
average
average
average
average
average
2000
140 937
1 691 240
109 525
1 314 303
30 942
371 299
140 467
1 685 602
16 523
198 278
2001
151 438
1 817 258
118 581
1 422 966
32 571
390 854
151 152
1 813 820
15 809
189 709
116 452
2002
149 294
1 791 530
115 269
1 383 232
35 368
424 415
150 637
1 807 647
9 704
2003
152 253
1 827 038
109 574
1 314 882
44 562
534 745
154 136
1 849 627
7 951
95 412
2004
193 102
2 317 227
130 347
1 564 169
63 232
758 787
193 580
2 322 956
6 268
75 213
Monthly
2005
2006
Monthly
Monthly
Monthly
Monthly
Jan
164 684
164 684
100 909
100 909
50 541
50 541
151 450
151 450
4 688
4 688
Feb
194 326
359 010
115 436
216 345
64 297
114 838
179 733
331 183
5 575
10 263
Mar
226 776
585 786
149 026
365 371
75 672
190 510
224 698
555 881
9 901
20 164
Apr
210 606
796 392
137 759
503 130
77 355
267 865
215 114
770 995
7 814
27 978
May
222 019
1 018 411
138 078
641 208
83 267
351 132
221 345
992 340
7 869
35 847
Jun
229 342
1 247 753
140 036
781 244
87 808
438 940
227 844
1 220 184
7 774
43 621
Jul
211 861
1 459 614
133 948
915 192
80 280
519 220
214 228
1 434 412
7 664
51 285
Aug
230 624
1 690 238
147 553
1 062 745
81 478
600 698
229 031
1 663 443
7 666
58 951
Sep
215 028
1 905 266
138 873
1 201 618
81 333
682 031
220 206
1 883 649
9 862
68 813
Oct
198 184
2 103 450
131 588
1 333 206
69 360
751 391
200 948
2 084 597
9 851
78 664
Nov
218 928
2 322 378
145 900
1 479 106
71 887
823 278
217 787
2 302 384
13 047
91 711
Dec
205 922
2 528 300
152 111
1 631 217
73 801
897 079
225 912
2 528 296
9 889
101 600
Jan
195 399
195 399
124 666
124 666
57 844
57 844
182 510
182 510
9 088
9 088
Feb
205 534
400 933
129 362
254 028
70 996
128 840
200 358
382 868
6 981
16 069
Mar
229 394
630 327
155 339
409 367
72 404
201 244
227 743
610 611
15 797
31 866
Apr
204 069
834 396
135 492
544 859
71 446
272 690
206 938
817 549
14 443
46 309
May
241 600
1 075 996
155 352
700 211
77 405
350 095
232 757
1 050 306
13 524
59 833
Jun
224 873
1 300 869
143 315
843 526
71 424
421 519
214 739
1 265 045
17 827
77 660
Jul
222 918
1 523 787
147 799
991 325
78 177
499 696
225 976
1 491 021
21 628
99 288
Aug
243 747
1 767 534
162 921
1 154 246
73 133
572 829
236 054
1 727 075
20 383
119 671
Sep
204 104
1 971 638
150 436
1 304 682
71 929
644 758
222 365
1 949 440
20 693
140 364
Oct
227 351
2 198 989
157 248
1 461 930
72 497
717 255
229 745
2 179 185
21 435
161 799
Nov
222 001
2 420 990
167 894
1 629 824
61 294
778 549
229 188
2 408 373
...
...
Source: Anfavea and MDIC/Secex
January 2007 | Boletim do Banco Central do Brasil |
49
I.8 – Crop production (major crops)
1000 t
Itemization
Grain production
1997
1998
1999
2000
2001
2002
77 517
75 178
82 356
83 250
98 544
97 122
585
824
990
1 307
1 718
1 407
Cotton (seed)
2003
1/
2004
2005
123 174
119 294
112 454
115 952
1 429
2 390
2 308
1 762
11 524
2006
Rice (in husk)
9 293
7 744
11 710
11 135
10 195
10 472
10 199
13 277
13 230
Beans
2 990
2 200
2 831
3 056
2 436
3 050
3 310
2 965
3 012
3 412
Corn
34 602
29 494
32 239
32 321
41 439
35 502
47 809
41 806
34 906
42 072
Soybeans
52 224
26 431
31 374
30 987
32 821
37 683
42 020
51 532
49 522
51 136
Wheat
2 441
2 232
2 462
1 726
3 261
2 935
5 900
5 726
4 710
2 239
Others
1 175
1 310
1 137
884
1 812
1 736
2 995
3 609
3 153
2 720
Other crops
2/
595
533
547
566
5 959
6 455
6 518
6 607
6 665
7 082
White potatoes
2 757
2 675
2 905
2 607
2 787
2 882
3 070
3 046
3 138
3 126
Cocoa (beans)
285
280
205
197
184
173
171
195
215
206
Bananas
Coffee (beans)
Sugarcane
2 343
3 450
3 263
3 807
1 918
2 444
1 970
2 467
2 145
2 593
337 255
338 972
333 848
326 121
345 941
367 496
389 929
416 256
421 761
456 131
1 164
Onion
...
...
...
...
...
...
1 187
1 133
1 061
Tobacco (in leaf)
620
510
630
580
565
657
649
920
894
894
114 891
103 659
114 398
106 651
16 844
18 932
16 936
18 271
17 851
18 067
Cassava
24 310
19 661
20 864
23 041
22 479
22 990
22 236
23 781
26 324
27 420
Tomatoes
2 602
2 755
3 305
3 005
3 043
3 596
3 641
3 489
3 431
3 255
Oranges
3/
Source: IBGE
1/ Refers to the November/2006 Systematic Survey of Agricultural Production.
2/ Millions of bunches until 2000 .
3/ Millions of fruits until 2000 .
50 |
Boletim do Banco Central do Brasil
|
January 2007
I.9 – Formal employment level index – Brazil
December 2005 = 100
Period
2000 Dec
Total
Manufacturing industry
Commerce
Services
Building
Observed
Seasonally
Observed
Seasonally
Observed
Seasonally
Observed
Seasonally
Observed
Seasonally
data
adjusted
data
adjusted
data
adjusted
data
adjusted
data
adjusted
81.70
81.63
82.34
82.10
74.26
74.48
81.57
81.51
95.66
95.56
2001 Dec
83.89
83.82
84.02
83.74
77.80
77.93
84.53
84.46
93.12
92.88
2002 Dec
86.88
86.86
86.65
86.48
82.85
82.96
87.41
87.39
92.05
91.77
2003 Dec
89.38
89.37
88.79
88.69
86.75
86.81
89.94
89.94
88.33
88.08
2004 Dec
95.20
95.22
97.09
97.10
93.53
93.56
94.49
94.51
92.49
92.41
2005 Jan
95.65
95.60
97.63
97.43
93.71
94.10
95.02
94.96
93.21
92.75
Feb
95.93
95.82
97.64
97.59
93.86
94.59
95.51
95.30
93.29
92.75
Mar
96.33
96.30
97.93
97.89
94.09
95.18
96.04
95.82
93.86
93.63
Apr
97.34
96.89
99.23
98.32
94.64
95.74
96.88
96.44
95.14
94.32
May
98.15
97.24
99.99
98.61
95.21
96.31
97.44
96.85
96.22
94.79
Jun
98.90
97.67
100.27
98.85
95.74
96.89
97.88
97.28
97.74
95.78
Jul
99.34
97.99
100.37
99.01
96.22
97.41
98.20
97.64
98.91
96.26
Aug
99.86
98.31
100.67
99.07
96.94
97.96
98.88
98.08
100.47
97.01
Sep
100.58
98.73
102.00
99.45
97.72
98.55
99.49
98.56
101.89
97.92
Oct
101.04
99.09
102.43
99.51
98.53
98.95
100.05
98.99
102.82
98.79
Nov
101.09
99.46
101.69
99.59
99.77
99.40
100.45
99.44
102.52
99.64
Dec
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
2006 Jan
100.33
100.32
100.31
100.24
99.91
100.37
100.37
100.36
101.82
101.41
Feb
101.01
100.87
100.69
100.69
100.24
100.99
101.09
100.85
103.09
102.53
Mar
101.30
101.27
101.09
101.05
100.09
101.25
101.46
101.24
103.53
103.26
Apr
102.18
101.57
102.36
101.43
100.55
101.66
102.13
101.60
104.60
103.66
May
102.94
101.94
103.15
101.71
100.91
102.10
102.61
102.00
105.97
104.42
Jun
103.54
102.27
103.47
102.04
101.23
102.52
102.99
102.41
106.69
104.64
Jul
104.13
102.64
103.81
102.30
101.72
102.95
103.47
102.84
108.74
105.70
Aug
104.62
103.02
104.28
102.65
102.24
103.40
104.07
103.23
109.99
106.21
Sep
105.29
103.34
105.60
102.90
103.04
103.88
104.57
103.57
111.03
106.58
Oct
105.78
103.82
106.34
103.34
104.00
104.51
105.08
104.00
111.09
106.79
Nov
105.91
104.27
105.90
103.70
105.51
105.09
105.42
104.38
110.23
107.20
Source: Ministério do Trabalho e Emprego
January 2007 | Boletim do Banco Central do Brasil |
51
I.10 – Unemployment rate (weekly)1/
Period
2004
2005
2006
Average rate
São Paulo
Rio de Janeiro
Belo Horizonte
Porto Alegre
Salvador
Recife
11.5
12.6
9.0
10.6
8.6
16.0
12.7
Jan
10.2
11.1
7.4
9.8
7.0
15.8
12.2
Feb
10.6
11.5
8.4
9.9
7.1
15.6
13.2
Mar
10.8
11.5
8.4
10.7
7.9
15.7
14.1
Apr
10.8
11.4
8.6
9.5
8.0
17.0
13.0
12.8
May
10.2
10.5
8.5
8.9
7.7
15.9
Jun
9.4
10.5
6.9
8.5
7.1
14.7
9.6
Jul
9.4
9.9
7.2
8.2
7.0
15.7
12.7
Aug
9.4
9.4
7.4
8.3
7.6
15.5
13.4
Sep
9.6
9.7
7.4
8.1
8.4
15.2
15.0
Oct
9.6
9.6
7.9
8.5
7.5
14.9
14.3
Nov
9.6
9.7
7.7
8.2
7.2
15.0
14.7
Dec
8.3
7.8
6.8
7.0
6.7
14.6
13.9
Jan
9.2
9.2
6.9
8.1
7.7
14.9
15.3
Feb
10.1
10.5
7.9
9.1
7.5
13.6
15.9
Mar
10.4
10.6
8.5
9.3
8.3
13.7
16.5
Apr
10.4
10.7
8.4
9.1
8.3
13.4
16.5
May
10.2
10.5
8.6
8.5
8.3
13.5
15.0
Jun
10.4
10.9
8.8
8.6
8.2
13.5
15.4
Jul
10.7
11.3
8.7
9.1
8.7
14.4
15.3
Aug
10.6
11.6
8.2
8.7
8.3
14.3
14.9
Sep
10.0
11.1
7.5
7.8
7.9
13.6
13.7
Oct
9.8
10.5
7.3
8.7
8.4
13.7
13.5
Nov
9.5
10.3
7.3
8.2
8.0
13.2
12.4
Source: IBGE
1/ Obtained on basis of ratio of number of people seeking employment or awaiting the result of an employment proposal at the time of the survey to the number of economically
active people of 10 years of age or more.
52 |
Boletim do Banco Central do Brasil
|
January 2007
I.11 – Real average earnings1/
By worker categories and by sector
R$1.00
Period
2005
2006
Total
Registered
Nonregistered
Self-employed
Private sector
Public sector
Jan
982.22
994.40
665.17
767.90
899.46
1 461.05
Feb
991.69
1 006.15
654.18
775.58
908.56
1 505.66
Mar
996.80
1 014.09
650.26
772.49
913.91
1 479.59
Apr
979.33
987.68
630.77
765.04
888.15
1 473.02
May
964.74
988.63
625.20
739.79
888.10
1 456.11
Jun
979.30
1 001.35
655.73
754.51
905.47
1 469.46
Jul
1 003.76
1 014.95
652.45
789.07
914.50
1 476.76
Aug
1 010.48
1 028.44
668.05
801.57
928.56
1 505.44
Sep
1 010.42
1 014.46
636.48
829.25
910.72
1 500.86
Oct
996.27
985.23
660.81
824.77
895.00
1 467.95
Nov
999.98
988.18
685.87
803.16
904.44
1 524.54
Dec
1 017.69
996.12
702.18
830.69
916.47
1 521.94
Jan
1 005.09
994.39
693.54
811.90
913.75
1 500.35
Feb
1 016.01
1 008.29
676.90
816.12
921.81
1 533.88
Mar
1 021.46
1 029.68
654.70
799.17
932.89
1 531.79
Apr
1 025.59
1 040.18
665.40
816.02
944.26
1 526.79
May
1 039.31
1 054.48
641.51
831.51
949.11
1 567.76
Jun
1 045.90
1 057.64
681.98
817.49
960.08
1 590.86
Jul
1 038.75
1 055.31
687.78
808.58
958.86
1 606.14
Aug
1 045.79
1 057.40
703.65
799.03
963.84
1 592.91
Sep
1 037.59
1 052.69
702.00
821.95
958.72
1 595.36
Oct
1 050.03
1 034.67
710.59
838.22
949.79
1 661.18
Nov
1 056.60
1 042.40
699.90
870.20
952.90
1 642.30
Source: IBGE
1/ In reals of the last month , deflated by INPC . Comprises the metropolitan region of Recife, Salvador , Belo Horizonte, Rio de Janeiro , São Paulo and Porto Alegre.
January 2007 | Boletim do Banco Central do Brasil |
53
I.12 – Price indices
Percentage change
Period
IGP-DI
1/
2/
IPA-DI
INCC
3/
IPC-BR
4/
Average
In 12 months
Average
In 12 months
Average
In 12 months
Average
In 12 months
2000
13.77
9.81
18.11
12.06
9.43
7.66
7.48
6.21
2001
10.37
10.40
12.61
11.87
7.60
8.85
6.91
7.94
2002
13.51
26.41
16.67
35.41
9.62
12.87
8.30
12.18
2003
22.80
7.67
27.56
6.26
16.74
14.42
14.31
8.93
2004
9.40
12.14
10.13
14.67
11.26
11.02
6.12
6.27
2005
5.97
1.22
5.88
-0.97
9.40
6.84
5.72
4.93
2006
1.54
3.59
0.50
4.04
5.27
5.05
2.80
1.88
Monthly
2005
2006
Monthly
Monthly
Monthly
Jan
0.33
11.61
0.08
13.90
0.75
11.50
0.85
6.03
Feb
0.40
10.86
0.39
12.74
0.44
10.89
0.43
6.18
Mar
0.99
10.92
1.14
12.80
0.67
10.36
0.70
6.44
Apr
0.51
10.22
0.33
11.43
0.72
10.51
0.88
7.05
May
-0.25
8.36
-0.98
8.48
2.09
10.79
0.79
7.13
Jun
-0.45
6.50
-0.78
5.97
0.76
10.86
-0.05
6.25
Jul
-0.40
4.88
-0.69
3.84
0.11
9.74
0.13
5.76
Aug
-0.79
2.71
-1.04
1.16
0.02
8.88
-0.44
4.48
Sep
-0.13
2.08
-0.28
0.22
0.24
8.52
0.09
4.57
Oct
0.63
2.18
0.79
0.40
0.19
7.45
0.42
4.90
Nov
0.33
1.68
0.24
-0.35
0.28
6.99
0.57
5.11
Dec
0.07
1.22
-0.14
-0.97
0.37
6.84
0.46
4.93
Jan
0.72
1.62
0.81
-0.24
0.34
6.41
0.65
4.73
Feb
-0.06
1.15
-0.12
-0.75
0.19
6.14
0.01
4.29
Mar
-0.45
-0.29
-0.82
-2.67
0.20
5.64
0.22
3.79
Apr
0.02
-0.77
-0.15
-3.14
0.36
5.26
0.34
3.23
May
0.38
-0.14
0.46
-1.73
1.32
4.47
-0.19
2.22
Jun
0.67
0.98
1.06
0.09
0.90
4.62
-0.40
1.86
Jul
0.17
1.56
0.17
0.95
0.47
5.00
0.06
1.79
Aug
0.41
2.78
0.53
2.56
0.24
5.23
0.16
2.40
Sep
0.24
3.16
0.28
3.13
0.11
5.09
0.19
2.51
Oct
0.81
3.34
1.16
3.51
0.21
5.11
0.14
2.22
Nov
0.57
3.59
0.75
4.04
0.23
5.05
0.24
1.88
(continues)
54 |
Boletim do Banco Central do Brasil
|
January 2007
I.12 – Price indices
Percentage change
(concluded)
Period
IGP-M
Average
5/
IPC-Fipe
6/
7/
8/
IPCA
INPC
In 12 months
Average
In 12 months
Average
In 12 months
Average
In 12 months
5.27
2000
14.26
9.95
6.64
4.38
7.04
5.97
6.22
2001
10.17
10.38
5.73
7.13
6.84
7.67
7.49
9.44
2002
12.94
25.31
6.69
9.92
8.45
12.53
10.20
14.74
2003
23.70
8.71
12.58
8.17
14.71
9.30
16.96
10.38
2004
9.37
12.41
5.68
6.56
6.60
7.60
6.27
6.13
2005
6.35
1.21
6.12
4.52
6.87
5.69
5.76
5.05
2006
1.53
3.50
2.48
1.79
4.28
3.02
3.30
2.59
Monthly
2005
2006
Monthly
Monthly
Monthly
Jan
0.39
11.87
0.56
6.47
0.58
7.41
0.57
5.86
Feb
0.30
11.43
0.36
6.65
0.59
7.39
0.44
5.91
Mar
0.85
11.12
0.79
7.36
0.61
7.54
0.73
6.08
Apr
0.86
10.74
0.83
7.94
0.87
8.07
0.91
6.61
May
-0.22
9.08
0.35
7.71
0.49
8.05
0.70
6.93
Jun
-0.44
7.12
-0.20
6.51
-0.02
7.27
-0.11
6.28
Jul
-0.34
5.38
0.30
6.20
0.25
6.57
0.03
5.54
Aug
-0.65
3.43
-0.20
4.95
0.17
6.02
0.00
5.01
Sep
-0.53
2.17
0.44
5.19
0.35
6.04
0.15
4.99
Oct
0.60
2.38
0.63
5.20
0.75
6.36
0.58
5.42
Nov
0.40
1.96
0.29
4.92
0.55
6.22
0.54
5.53
Dec
-0.01
1.21
0.29
4.52
0.36
5.69
0.40
5.05
Jan
0.92
1.74
0.50
4.46
0.59
5.70
0.38
4.85
Feb
0.01
1.45
-0.03
4.06
0.41
5.51
0.23
4.63
Mar
-0.23
0.36
0.14
3.38
0.43
5.32
0.27
4.15
Apr
-0.42
-0.92
0.01
2.54
0.21
4.63
0.12
3.34
May
0.38
-0.33
-0.22
1.96
0.10
4.23
0.13
2.75
Jun
0.75
0.86
-0.31
1.85
-0.21
4.03
-0.07
2.79
Jul
0.18
1.39
0.21
1.76
0.19
3.97
0.11
2.87
Aug
0.37
2.43
0.12
2.09
0.05
3.84
-0.02
2.85
Sep
0.29
3.28
0.25
1.90
0.21
3.70
0.16
2.86
Oct
0.47
3.13
0.39
1.66
0.33
3.26
0.43
2.71
Nov
0.75
3.50
0.42
1.79
0.31
3.02
0.42
2.59
Source: FGV, Fipe and IBGE
1/ General Price Index – Domestic Supply.
2/ Wholesale Price Index – Domestic Supply.
3/ National Index of Building Costs.
4/ Consumer Price Index – Brazil.
5/ General Price Index (Market).
6/ Consumer Price Index (Fipe).
7/ Broad National Consumer Price Index.
8/ National Consumer Price Index.
January 2007 | Boletim do Banco Central do Brasil |
55
Statistical Tables
II
Money and Credit
Explanatory note to the tables in Chapter II of the Boletim
do Banco Central do Brasil
As of August, 2000
The National Monetary Council (CMN), through Resolution 2,682, dated 12.21.1999, revised the procedures
utilized for classifying credit operations, with the aim of making them more objective and broader in scope, and
instituted a new technically more suitable foundation for setting aside provisions for possible losses. In this way, as
of 3.1.2000, the newly adopted system determined to be necessary an analysis of the potential risk of the borrower
by the financial institution in addition to the consideration of the period of default and the guaranties offered,
following international standard procedures. In the framework of the alterations introduced, one should highlight the
classification of the credit portfolio into nine different levels with increasingly more serious risk levels: AA, A, B, C,
D, E, F, G and H, as compared to the previous three classification levels.
As of September, 2007
The decrease of balances in the table II.17 (Nonbanking financial institutions) was impacted by the
transformation of leasing companies into another type of financial institution not included in this table.
January 2007 | Boletim do Banco Central do Brasil |
59
II.1 – Factors affecting the monetary base
####
Flows in R$ million
Period
National
Operations
1/
with federal
Treasury
securitites
External
Bacen's
sector
rediscount
of
derivative
operations
financial
instruments -
2/
Adjustments
- 614
-
operations
Deposits Operations with
institutions
2001 Dec
8 398
1 537
- 2 232
-
Monetary base change
Other
ac3/
counts
Currency
Banking
Total
issued
reserves
- 66
7 602
- 580
7 022
2002 Dec
197
15 954
- 4 982
- 1
- 276
1 707
144
8 859
3 884
12 743
2003 Dec
11 712
3 231
13
- 4
- 1 666
- 2 508
23
8 672
2 130
10 802
2004 Dec
- 2 789
12 184
7 186
- 1
- 1 578
- 1 582
215
9 783
3 852
13 635
2005 Jan
2 988
- 14 841
6 876
22
388
- 717
22
- 6 288
1 027
- 5 261
Feb
- 6 815
- 7 080
9 576
- 24
312
- 518
194
- 1 253
- 3 102
- 4 355
Mar
- 7 317
- 4 458
10 569
- 0
324
164
- 121
- 1 099
259
- 839
Apr
- 10 969
10 712
- 7
- 0
- 106
- 187
74
- 120
- 364
- 484
May
- 4 914
4 852
- 1
- 0
1 691
- 237
549
- 141
2 080
1 939
Jun
- 916
- 298
- 3
- 0
- 10
- 46
36
897
- 2 134
- 1 237
Jul
1 696
879
- 18
- 0
- 429
- 9
- 329
1 696
93
1 789
- 464
Aug
- 2 145
336
12
- 0
1 148
- 33
219
- 590
127
Sep
238
573
- 12
- 0
- 64
- 312
- 137
1 315
- 1 029
286
Oct
- 5 559
- 3 085
7 593
- 0
967
- 145
11
880
- 1 098
- 219
Nov
- 7 775
5 275
8 550
- 0
82
- 472
- 31
2 208
3 420
5 628
Dec
- 1 520
9 945
9 261
- 0
- 1 928
- 172
145
10 593
5 139
15 732
2006 Jan
9 868
- 26 578
5 541
- 0
755
1 773
236
- 7 769
- 636
- 8 404
Feb
- 8 267
3 478
5 156
- 0
62
1 349
7
2 597
- 812
1 784
Mar
- 9 465
- 3 157
6 567
35
688
- 615
55
- 4 194
- 1 698
- 5 892
Apr
- 7 839
1 412
4 714
- 35
- 1
1 959
- 33
1 299
- 1 121
177
May
- 10 245
528
9 054
2
1 408
- 3 555
55
- 730
- 2 024
- 2 754
Jun
- 6 246
13 247
- 5
- 2
- 1 487
2 853
116
2 036
6 440
8 476
Jul
- 29
- 10 716
9 626
1
585
379
110
2 498
- 2 540
- 43
- 12 426
6 235
9 904
- 1
501
989
67
614
4 655
5 269
Sep
1 812
- 3 326
3 227
-
- 866
- 398
62
4 964
- 4 453
511
Oct
- 7 680
- 3 316
9 338
- 0
601
480
67
- 229
- 281
- 510
Nov
- 6 834
8 197
5 677
- 0
- 1 365
- 276
74
2 522
2 951
5 473
Aug
1/ Securities operations not included.
2/ Includes reserve requirements on bails, deposits earmarked to the SBPE, deposits on insufficient investments on rural credit, Proagro's deposits,
financial institution deposits – Resolution 2,461, time deposits, payments on Advances on Exchange Contract (ACC), additional requirements and deposit in advance for
check clearing and payments of demand deposits not invested on microfinance.
3/ Includes credits receivable of the Department of Bank Liquidation, Monetary Reserve investments, Mecir expenditures and office supplies, payroll,
deposits for capital payment and increase, penalities and costs on insufficient banking reserves and other accounts.
January 2007 | Boletim do Banco Central do Brasil |
61
II.2 – Monetary base and money supply (M1)
#####
R$ million
Monetary base
Period
End of period
Currency
Banking
issued
reserves
Money supply
Daily average
Total
Currency
Banking
1/
1/
End of period
Total
issued reserves
Currency
Demand
outside
deposits
Daily average
Total
Currency
Demand
outside
deposits
banks
Total
banks
2001 Dec
37 669
15 587
53 256
35 871
16 976
52 846
32 628
51 079
83 707
30 640
48 303
78 943
2002 Dec
49 931
23 371
73 302
47 790
22 111
69 901
42 351
65 495
107 846
40 414
61 894
102 308
2003 Dec
51 364
21 855
73 219
50 093
20 709
70 802
43 064
66 584
109 648
41 645
63 247
104 892
2004 Dec
61 936
26 797
88 733
61 198
26 146
87 344
52 019
75 927
127 946
51 024
76 105
127 129
2005 Jan
55 647
27 824
83 471
58 671
27 314
85 984
45 390
73 442
118 832
49 053
75 336
124 389
Feb
54 394
24 722
79 116
56 503
26 408
82 911
43 950
73 817
117 767
46 802
73 855
120 657
Mar
53 295
24 981
78 276
55 094
26 327
81 421
42 883
73 911
116 794
45 587
74 166
119 753
Apr
53 175
24 617
77 792
54 547
25 917
80 464
43 182
70 494
113 676
44 884
72 781
117 665
May
53 034
26 697
79 731
54 335
26 072
80 408
42 550
73 221
115 771
44 869
71 459
116 328
Jun
53 931
24 563
78 494
54 972
25 267
80 239
43 606
73 323
116 929
45 563
72 596
118 159
Jul
55 627
24 656
80 284
56 206
26 313
82 519
44 960
71 788
116 748
46 560
73 944
120 504
Aug
55 037
24 783
79 820
56 280
25 794
82 074
44 256
72 740
116 996
46 506
73 652
120 158
Sep
56 352
23 753
80 106
57 052
25 638
82 690
45 378
72 044
117 423
46 828
73 126
119 954
Oct
57 232
22 655
79 887
58 265
25 590
83 855
45 265
74 394
119 659
47 365
74 794
122 159
Nov
59 440
26 075
85 515
58 542
26 597
85 139
47 254
79 254
126 508
47 966
76 514
124 480
Dec
70 034
31 214
101 247
69 143
29 163
98 306
58 272
86 506
144 778
57 051
85 400
142 451
2006 Jan
62 265
30 578
92 843
65 938
30 716
96 655
50 017
79 935
129 951
54 537
83 364
137 900
Feb
64 862
29 766
94 627
63 931
28 527
92 458
51 271
79 865
131 136
52 046
79 688
131 734
Mar
60 667
28 068
88 735
61 998
28 486
90 484
48 720
80 029
128 748
50 624
81 369
131 993
Apr
61 966
26 947
88 913
62 542
28 384
90 926
49 080
78 433
127 513
50 739
80 315
131 054
May
61 237
24 922
86 159
62 516
28 241
90 757
48 676
82 181
130 857
51 210
80 789
131 999
Jun
63 272
31 362
94 635
63 958
29 831
93 790
50 749
81 306
132 055
52 410
81 386
133 797
Jul
65 770
28 822
94 592
66 013
29 515
95 528
51 379
82 180
133 558
53 888
83 244
137 132
Aug
66 384
33 477
99 861
67 093
28 916
96 009
52 177
84 165
136 342
54 603
83 325
137 928
Sep
71 348
29 024
100 372
70 881
29 593
100 474
56 003
87 197
143 200
57 498
86 007
143 505
Oct
71 119
28 743
99 862
72 040
29 863
101 903
55 117
89 452
144 569
58 011
88 198
146 209
Nov
73 641
31 694
105 335
72 986
31 896
104 882
57 495
94 113
151 607
58 674
91 441
150 115
1/ Based on working days of the month indicated.
Note: Monetary programming for the fourth quarter 2006 (Base): R$95.8 billion - R$129 .7 billion (average point of forecasts: 14.7% in 12 months).
Monetary programming for the fourth quarter 2006 (M1): R$138 .7 billion - R$187 .6 billion (average point of forecasts: 14.5% in 12 months).
62 |
Boletim do Banco Central do Brasil
|
January 2007
II.3 – Monetary behavior factors 1/
Working day average in month
######
Individual behavior
Period
C =
PMPP
D=
M1
Bank behavior
DV
R1 =
M1
CX
Multiplier
R2 =
DV
RB
K =
DV
1
C + D ( R1 + R2 )
M1
= B
2001
Dec
0.39
0.61
0.11
0.35
1.49
2002
Dec
0.40
0.60
0.12
0.36
1.46
2003
Dec
0.40
0.60
0.13
0.33
1.48
2004
Dec
0.40
0.60
0.13
0.34
1.46
2005
Jan
0.39
0.61
0.13
0.36
1.45
Feb
0.39
0.61
0.13
0.36
1.46
Mar
0.38
0.62
0.13
0.35
1.47
Apr
0.38
0.62
0.13
0.36
1.46
May
0.39
0.61
0.13
0.36
1.45
Jun
0.39
0.61
0.13
0.35
1.47
Jul
0.39
0.61
0.13
0.36
1.46
Aug
0.39
0.61
0.13
0.35
1.46
Sep
0.39
0.61
0.14
0.35
1.45
Oct
0.39
0.61
0.15
0.34
1.46
Nov
0.39
0.61
0.14
0.35
1.46
Dec
0.40
0.60
0.14
0.34
1.45
Jan
0.40
0.60
0.14
0.37
1.43
Feb
0.40
0.60
0.15
0.36
1.42
Mar
0.38
0.62
0.14
0.35
1.46
Apr
0.39
0.61
0.15
0.35
1.44
May
0.39
0.61
0.14
0.35
1.45
Jun
0.39
0.61
0.14
0.37
1.43
Jul
0.39
0.61
0.15
0.35
1.44
Aug
0.40
0.60
0.15
0.35
1.44
Sep
0.40
0.60
0.16
0.34
1.43
Oct
0.40
0.60
0.16
0.34
1.43
Nov
0.39
0.61
0.16
0.35
1.43
2006
1/ Where (based on average daily balance):
C - Individual preference for currency
PMPP - Currency outside banks
M1 - Money supply
D - Individual preference for demand deposits
DV - Demand deposits
R1 - Bank deposit ratio in currency
CX - Bank currency reserves
R2 - Banking reserves ratio
RB - Banking reserves
K - Monetary base multiplier
B - Monetary base
January 2007 | Boletim do Banco Central do Brasil |
63
II.4 – Extended monetary base – End-of-period balances
####
R$ million
Period
Monetary
base
Reserve
Federal securities
3/
Total Percentage
requirements
extended
Bacen securities
1/
Earnings
PortfolioFinancing5/
Non-
earnings
2/
National Treasury securities
Total
4/
PortfolioFinancing5/
Total monetary
change
in
securities
base
month
Total
position
position
2001 Dec
53 256
17 585
235
126 055
122 044
468 180
- 14 628
453 552
575 596
646 672
0.52
2002 Dec
73 302
54 594
183
66 326
- 4 011
-
66 326
529 407
64 222
593 629
659 955
788 034
1.05
2003 Dec
73 219
55 615
1 251
30 659
-
30 659
670 426
55 724
726 150
756 809
886 894
2.06
2004 Dec
88 733
64 103
1 939
13 591
- 128
13 463
763 660
47 335
810 995
824 458
979 233
1.59
2005 Jan
83 471
64 783
1 551
13 573
- 188
13 385
780 281
57 005
837 286
850 671
1 000 476
2.17
Feb
79 116
64 972
1 647
13 527
- 55
13 472
799 006
55 110
854 116
867 588
1 013 323
1.28
Mar
78 276
65 709
1 317
13 959
13 959
827 142
45 773
872 915
886 874
1 032 176
1.86
Apr
77 792
66 552
1 274
13 087
- 381
12 706
828 613
45 318
873 931
886 637
1 032 255
0.01
May
79 731
65 713
1 215
11 982
- 36
11 946
844 643
36 759
881 402
893 348
1 040 007
0.75
Jun
78 494
66 553
1 178
11 934
- 5
11 929
862 027
33 269
895 296
907 225
1 053 450
1.29
Jul
80 284
67 897
1 100
12 584
- 365
12 219
873 527
35 895
909 422
921 641
1 070 922
1.66
Aug
79 820
67 836
1 020
12 537
- 297
12 240
878 887
44 049
922 936
935 176
1 083 852
1.21
Sep
80 106
68 801
1 056
11 773
- 293
11 480
892 595
42 026
934 621
946 101
1 096 064
1.13
Oct
79 887
68 849
882
10 075
- 177
9 898
902 017
52 455
954 472
964 370
1 113 988
1.64
Nov
85 515
69 656
903
6 369
- 118
6 251
928 335
37 793
966 128
972 379
1 128 453
1.30
Dec
101 247
72 398
922
6 818
- 82
6 736
949 810
22 938
972 748
979 484
1 154 051
2.27
2006 Jan
92 843
72 665
725
6 506
- 63
6 443
954 206
57 319 1 011 525 1 017 968
1 184 202
2.61
Feb
94 627
73 195
754
6 329
- 108
6 221
981 704
39 229 1 020 933 1 027 154
1 195 730
0.97
Mar
88 735
73 277
807
6 513
- 110
6 403
992 480
46 106 1 038 586 1 044 989
1 207 808
1.01
Apr
88 913
73 869
850
6 207
- 136
6 071
976 002
71 828 1 047 830 1 053 901
1 217 533
0.81
May
86 159
73 243
827
6 627
- 32
6 595
966 335
94 927 1 061 262 1 067 857
1 228 086
0.87
Jun
94 635
75 275
1 037
6 294
-
6 294
990 045
70 062 1 060 107 1 066 401
1 237 348
0.75
Jul
94 592
75 686
836
6 389
- 7
6 382
986 090
95 780 1 081 870 1 088 252
1 259 366
1.78
Aug
99 861
76 033
887
6 340
-
6 340
1 011 136
78 456 1 089 592 1 095 932
1 272 713
1.06
Sep
100 372
77 483
979
6 505
-
6 505
1 033 567
71 899 1 105 466 1 111 971
1 290 805
1.42
Oct
99 862
77 656
1 000
2 773
-
2 773
1 034 564
91 232 1 125 796 1 128 569
1 307 087
1.26
Nov
105 335
79 620
1 088
-
-
1 060 349
72 613 1 132 962 1 132 962
1 319 005
0.91
-
-
1/ Adjusted balances.
2/ As of February/2003 includes resources from deposits in advance to be compensated and as of August/2004 includes resources from demand deposits.
3/ Securities evaluated according to yield profile, including issues/redemptions of federal securities without monetary impact.
4/ Excludes LBCE.
5/ Includes net financing positions of the day, granted/taken from Demab, (-) oversold and (+) undersold.
Note: Monetary programming for the fourth quarter of 2006 (extended base): R$1,215.9 billion - R$1,427 .4 billion (average point of forecasts: 14.5% in 12 months).
64 |
Boletim do Banco Central do Brasil
|
January 2007
II.5 – Extended monetary base – Average daily balance
#####
R$ million
Period
Monetary
base
Reserve
Federal securities
3/
Total
requirements
extended
Bacen securities
Earnings
1/
Non-
earnings
2/
5/
Portfolio
Financing
National Treasury securities
Total
4/
PortfolioFinancing 5/
Percentage
change
Total
monetary
in
securities
base
month
Total
position
position
2001
Dec
52 846
17 150
180
130 000
- 5 714
124 286
459 392
- 14 062
445 331
569 616
639 792
- 0.61
2002
Dec
69 901
54 101
120
72 168
- 180
71 989
523 062
69 984
593 045
665 034
789 155
2.14
2003
Dec
70 802
54 564
951
32 035
- 2
32 034
666 090
56 199
722 289
754 323
880 639
2.36
2004
Dec
87 344
63 060
1 886
13 844
- 286
13 559
754 930
58 347
813 277
826 836
979 126
1.70
2005
2006
Jan
85 984
65 158
1 715
13 790
- 150
13 640
762 537
66 496
829 033
842 673
995 531
1.68
Feb
82 911
65 285
1 681
13 372
- 216
13 156
790 907
52 281
843 188
856 344
1 006 220
1.07
Mar
81 421
65 505
1 419
14 013
- 57
13 956
815 018
50 561
865 579
879 535
1 027 880
2.15
Apr
80 464
66 126
1 324
13 425
- 74
13 350
813 371
59 831
873 202
886 552
1 034 467
0.64
May
80 408
66 236
1 327
12 538
- 121
12 416
837 839
38 659
876 499
888 915
1 036 886
0.23
Jun
80 239
66 352
1 226
12 182
- 37
12 145
851 164
37 246
888 409
900 554
1 048 371
1.11
Jul
82 519
67 195
1 120
12 142
- 246
11 896
847 202
50 981
898 183
910 079
1 060 914
1.20
Aug
82 074
67 861
1 050
12 238
- 295
11 943
873 990
41 381
915 371
927 314
1 078 299
1.64
Sep
82 690
68 503
1 050
12 061
- 331
11 731
887 618
41 342
928 960
940 691
1 092 933
1.36
Oct
83 855
69 060
922
10 723
- 171
10 552
885 518
56 301
941 819
952 371
1 106 208
1.21
Nov
85 139
69 566
892
8 422
- 132
8 290
911 243
45 769
957 012
965 303
1 120 900
1.33
Dec
98 306
71 033
892
6 583
- 73
6 510
937 893
39 759
977 652
984 162
1 154 394
2.99
Jan
96 655
73 322
793
6 683
- 44
6 639
934 978
60 891
995 869 1 002 508
1 173 278
1.64
Feb
92 458
72 914
743
6 400
- 89
6 312
966 704
48 310 1 015 014 1 021 326
1 187 440
1.21
Mar
90 484
73 367
844
6 396
- 96
6 300
987 595
46 188 1 033 783 1 040 083
1 204 777
1.46
Apr
90 926
73 396
795
6 329
- 55
6 274
965 720
77 516 1 043 236 1 049 511
1 214 628
0.82
May
90 757
73 428
901
6 282
- 47
6 235
975 947
77 730 1 053 677 1 059 912
1 224 999
0.85
Jun
93 790
74 477
979
6 528
- 19
6 509
978 995
79 686 1 058 681 1 065 191
1 234 436
0.77
Jul
95 528
75 420
854
6 400
- 2
6 397
964 399
108 904 1 073 304 1 079 701
1 251 503
1.38
Aug
96 009
76 206
862
6 358
- 3
6 356
1 000 285
91 369 1 091 653 1 098 009
1 271 086
1.56
Sep
100 474
76 773
936
6 457
1
6 458
1 022 071
82 185 1 104 255 1 110 713
1 288 896
1.40
Oct
101 903
77 413
966
4 179
- 0
4 179
1 016 432
100 034 1 116 466 1 120 644
1 300 926
0.93
Nov
104 882
78 877
1 038
1 252
- 0
1 252
1 048 699
81 225 1 129 924 1 131 176
1 315 973
1.16
1/ Adjusted balances.
2/ As of February/2003 includes resources from deposits in advance to be compensated and as of August/2004 includes resources from demand deposits.
3/ Securities evaluated according to yield profile, including issues/redemptions of federal securities without monetary impact.
4/ Excludes LBCE.
5/ Includes net financing positions of the day, granted/taken from Demab, (-) oversold and (+) undersold.
January 2007 | Boletim do Banco Central do Brasil |
65
II.6 – Money supply (M4) – Balances
######
R$ million
End-of-
M1 Investment
period
deposits
Savings
Private
deposits securities1/
M2
Quotas of
Operations
fixed-income
committed
2/
with federal
funds
M3
Federal
State and
securities
municipal
M4
securities
3/
securities
2001
Dec
83 707
-
120 030
117 875
321 612
285 329
18 115
625 057
128 569
2 555
756 181
2002
Dec
107 846
-
140 896
148 761
397 503
279 560
11 205
688 269
117 332
1 922
807 523
2003
Dec
109 648
-
144 118
159 128
412 895
408 096
17 394
838 386
119 373
712
958 471
2004
Dec
127 946
374
159 589
205 588
493 497
474 817
20 308
988 622
120 069
828
1 109 519
2005
Jan
118 832
523
160 217
209 480
489 052
481 802
21 724
992 577
121 617
839
1 115 033
Feb
117 767
713
160 232
213 909
492 621
490 672
22 459
1 005 752
125 654
849
1 132 254
Mar
116 794
686
159 709
225 373
502 562
500 327
21 353
1 024 242
127 604
862
1 152 707
Apr
113 676
607
159 438
229 388
503 109
505 077
23 120
1 031 307
130 102
874
1 162 283
May
115 771
698
158 835
228 999
504 302
506 449
25 602
1 036 353
133 602
887
1 170 842
Jun
116 929
675
159 921
234 960
512 485
509 184
25 111
1 046 781
136 734
900
1 184 415
Jul
116 748
755
161 792
238 789
518 085
520 924
28 307
1 067 316
136 815
914
1 205 046
Aug
116 996
716
161 672
247 261
526 645
529 707
27 395
1 083 747
138 809
929
1 223 485
Sep
117 423
804
162 195
252 048
532 469
541 649
27 177
1 101 296
139 247
943
1 241 486
Oct
119 659
1 014
162 628
255 882
539 183
546 351
27 466
1 113 000
143 472
956
1 257 428
Nov
126 508
965
164 241
257 775
549 489
558 473
28 171
1 136 133
143 529
969
1 280 631
Dec
144 778
1 168
169 323
267 195
582 464
559 140
24 899
1 166 502
144 914
983
1 312 399
Jan
129 951
1 109
168 740
267 453
567 253
586 534
25 676
1 179 463
146 722
997
1 327 182
Feb
131 136
1 181
169 964
272 574
574 855
600 493
26 828
1 202 176
146 551
1 009
1 349 735
Mar
128 748
1 135
167 242
281 669
578 795
611 674
27 357
1 217 826
152 956
21
1 370 802
Apr
127 513
1 232
166 661
284 251
579 657
617 968
27 901
1 225 525
153 791
21
1 379 338
May
130 857
1 276
166 049
295 798
593 981
620 958
30 941
1 245 880
155 187
21
1 401 088
Jun
132 055
1 138
167 620
299 629
600 442
622 123
29 976
1 252 541
156 717
21
1 409 279
Jul
133 558
1 212
170 110
299 933
604 813
635 993
30 804
1 271 609
163 119
21
1 434 749
Aug
136 342
1 154
171 003
298 533
607 033
648 259
28 169
1 283 461
166 837
21
1 450 319
Sep
143 200
1 339
174 233
293 243
612 015
663 245
26 714
1 301 973
169 374
21
1 471 369
Oct
144 569
3 698
176 209
297 489
621 965
666 870
30 825
1 319 660
173 542
21
1 493 224
Nov*
151 607
3 329
180 168
300 870
635 975
675 959
33 233
1 345 167
170 842
21
1 516 030
2006
1/ Includes time deposits, exchange bills, mortgage bonds and real estate bonds.
2/ Excludes guaranties issued primarily by financial institutions.
3/ As of August 1999, nonfinancial sector investments in committed operations are included in M3, when the minimun 30 day term in force since
October 1991 required in such operations was eliminated.
Note: Monetary programming for the fourth quarter 2006 (M4): R$1,284.2 billion - R$1,737 .4 billion (average point of forecasts: 15.1% in 12 months).
66 |
Boletim do Banco Central do Brasil
|
January 2007
II.7 - Money supply (M4) - percentage share
######
Percentage share
End-of-
M1 Investment
period
deposits
Savings
Private
deposits securities1/
M2
Quotas of Operations
M3
fixed-income committed
2/
funds
Federal
State and
securities
municipal
with federal
M4
securities
3/
securities
2001
Dec
11.1
-
15.9
15.6
42.5
37.7
2.4
82.7
17.0
0.3
100.0
2002
Dec
13.4
-
17.4
18.4
49.2
34.6
1.4
85.2
14.5
0.2
100.0
2003
Dec
11.4
-
15.0
16.6
43.1
42.6
1.8
87.5
12.5
0.1
100.0
2004
Dec
11.5
0.0
14.4
18.5
44.5
42.8
1.8
89.1
10.8
0.1
100.0
2005
Jan
10.7
0.0
14.4
18.8
43.9
43.2
1.9
89.0
10.9
0.1
100.0
Feb
10.4
0.1
14.2
18.9
43.5
43.3
2.0
88.8
11.1
0.1
100.0
Mar
10.1
0.1
13.9
19.6
43.6
43.4
1.9
88.9
11.1
0.1
100.0
Apr
9.8
0.1
13.7
19.7
43.3
43.5
2.0
88.7
11.2
0.1
100.0
May
9.9
0.1
13.6
19.6
43.1
43.3
2.2
88.5
11.4
0.1
100.0
Jun
9.9
0.1
13.5
19.8
43.3
43.0
2.1
88.4
11.5
0.1
100.0
Jul
9.7
0.1
13.4
19.8
43.0
43.2
2.3
88.6
11.4
0.1
100.0
Aug
9.6
0.1
13.2
20.2
43.0
43.3
2.2
88.6
11.3
0.1
100.0
Sep
9.5
0.1
13.1
20.3
42.9
43.6
2.2
88.7
11.2
0.1
100.0
Oct
9.5
0.1
12.9
20.3
42.9
43.4
2.2
88.5
11.4
0.1
100.0
Nov
9.9
0.1
12.8
20.1
42.9
43.6
2.2
88.7
11.2
0.1
100.0
Dec
11.0
0.1
12.9
20.4
44.4
42.6
1.9
88.9
11.0
0.1
100.0
Jan
9.8
0.1
12.7
20.2
42.7
44.2
1.9
88.9
11.1
0.1
100.0
Feb
9.7
0.1
12.6
20.2
42.6
44.5
2.0
89.1
10.9
0.1
100.0
Mar
9.4
0.1
12.2
20.5
42.2
44.6
2.0
88.8
11.2
0.0
100.0
Apr
9.2
0.1
12.1
20.6
42.0
44.8
2.0
88.8
11.1
0.0
100.0
May
9.3
0.1
11.9
21.1
42.4
44.3
2.2
88.9
11.1
0.0
100.0
Jun
9.4
0.1
11.9
21.3
42.6
44.1
2.1
88.9
11.1
0.0
100.0
Jul
9.3
0.1
11.9
20.9
42.2
44.3
2.1
88.6
11.4
0.0
100.0
Aug
9.4
0.1
11.8
20.6
41.9
44.7
1.9
88.5
11.5
0.0
100.0
Sep
9.7
0.1
11.8
19.9
41.6
45.1
1.8
88.5
11.5
0.0
100.0
Oct
9.7
0.2
11.8
19.9
41.7
44.7
2.1
88.4
11.6
0.0
100.0
10.0
0.2
11.9
19.8
41.9
44.6
2.2
88.7
11.3
0.0
100.0
2006
Nov*
1/ Includes time deposits, exchange bills, mortgage bonds and real estate bonds.
2/ Excludes guaranties issued primarily by financial institutions.
3/ As of August 1999, nonfinancial sector investments in committed operations are included in M3, when the minimun 30 day term in force since
October 1991 required in such operations was eliminated.
January 2007 | Boletim do Banco Central do Brasil |
67
II.8 – Monetary base and money supply (M4)
End-of-period balance as percentage of GDP1/
#######
Percentage share
Monetary base
Period
Currency
2001
Dec
Banking
issued
reserves
3.0
1.2
M1
Total
4.2
Currency
Demand
outside banks
deposits
2.6
4.1
Investment
Savings
deposits
deposits
Total
6.7
-
9.6
2002
Dec
3.1
1.5
4.6
2.7
4.1
6.8
-
8.9
2003
Dec
3.2
1.4
4.6
2.7
4.2
6.9
-
9.0
2004
Dec
3.3
1.4
4.8
2.8
4.1
6.9
0.0
8.6
2005
2006
Jan
3.0
1.5
4.5
2.4
3.9
6.4
0.0
8.6
Feb
2.9
1.3
4.2
2.3
3.9
6.3
0.0
8.6
Mar
2.8
1.3
4.2
2.3
3.9
6.2
0.0
8.5
Apr
2.8
1.3
4.1
2.3
3.7
6.0
0.0
8.4
May
2.8
1.4
4.2
2.3
3.9
6.1
0.0
8.4
Jun
2.9
1.3
4.2
2.3
3.9
6.2
0.0
8.5
Jul
3.0
1.3
4.3
2.4
3.8
6.2
0.0
8.6
Aug
2.9
1.3
4.3
2.4
3.9
6.2
0.0
8.6
Sep
3.0
1.3
4.2
2.4
3.8
6.2
0.0
8.6
Oct
3.0
1.2
4.2
2.4
3.9
6.3
0.1
8.5
Nov
3.1
1.4
4.4
2.5
4.1
6.6
0.1
8.5
Dec
3.6
1.6
5.2
3.0
4.4
7.4
0.1
8.7
Jan
3.2
1.6
4.7
2.5
4.1
6.6
0.1
8.6
Feb
3.3
1.5
4.8
2.6
4.1
6.7
0.1
8.6
Mar
3.1
1.4
4.5
2.5
4.0
6.5
0.1
8.4
Apr
3.1
1.4
4.5
2.5
3.9
6.4
0.1
8.4
May
3.0
1.2
4.3
2.4
4.1
6.5
0.1
8.2
Jun
3.1
1.5
4.7
2.5
4.0
6.5
0.1
8.3
Jul
3.2
1.4
4.6
2.5
4.0
6.5
0.1
8.3
Aug
3.2
1.6
4.8
2.5
4.1
6.6
0.1
8.3
Sep
3.4
1.4
4.8
2.7
4.2
6.9
0.1
8.4
Oct
3.4
1.4
4.8
2.6
4.3
6.9
0.2
8.4
Nov*
3.5
1.5
5.0
2.7
4.4
7.1
0.2
8.5
(continues)
68 |
Boletim do Banco Central do Brasil
|
January 2007
II.8 – Monetary base and money supply (M4)
End-of-period balance as percentage of GDP1/
#######
Percentage share
(concluded)
Period
Private
M2
2/
securities
Quotas of
Operations
fixed-income
committed
3/
with federal
funds
securities
M3
Federal
State and
securities
municipal
M4
securities
4/
2001
Dec
9.4
25.6
22.7
1.4
49.8
10.2
0.2
60.2
2002
Dec
9.4
25.0
17.6
0.7
43.4
7.4
0.1
50.9
2003
Dec
10.0
25.9
25.6
1.1
52.5
7.5
0.0
60.0
2004
Dec
11.1
26.6
25.6
1.1
53.4
6.5
0.0
59.9
2005
Jan
11.3
26.3
25.9
1.2
53.3
6.5
0.0
59.9
Feb
11.4
26.3
26.2
1.2
53.7
6.7
0.0
60.4
Mar
12.0
26.7
26.6
1.1
54.4
6.8
0.0
61.2
Apr
12.1
26.6
26.7
1.2
54.6
6.9
0.0
61.5
May
12.2
26.8
26.9
1.4
55.0
7.1
0.0
62.1
Jun
12.5
27.3
27.1
1.3
55.7
7.3
0.0
63.0
Jul
12.7
27.7
27.8
1.5
57.0
7.3
0.0
64.3
Aug
13.2
28.1
28.3
1.5
57.8
7.4
0.0
65.3
Sep
13.3
28.2
28.6
1.4
58.2
7.4
0.0
65.7
Oct
13.4
28.2
28.6
1.4
58.2
7.5
0.1
65.8
Nov
13.4
28.5
29.0
1.5
59.0
7.4
0.1
66.5
Dec
13.7
29.9
28.7
1.3
59.9
7.4
0.1
67.4
Jan
13.6
28.9
29.9
1.3
60.1
7.5
0.1
67.6
Feb
13.8
29.2
30.5
1.4
61.0
7.4
0.1
68.5
Mar
14.2
29.2
30.9
1.4
61.5
7.7
0.0
69.2
Apr
14.3
29.1
31.0
1.4
61.5
7.7
0.0
69.2
May
14.7
29.5
30.8
1.5
61.8
7.7
0.0
69.6
Jun
14.7
29.6
30.6
1.5
61.6
7.7
0.0
69.4
Jul
14.7
29.6
31.1
1.5
62.2
8.0
0.0
70.1
Aug
14.5
29.5
31.5
1.4
62.3
8.1
0.0
70.4
Sep
14.1
29.5
31.9
1.3
62.7
8.2
0.0
70.9
Oct
14.2
29.6
31.7
1.5
62.8
8.3
0.0
71.1
Nov*
14.2
30.0
31.9
1.6
63.4
8.1
0.0
71.4
2006
Source: Bacen and Ipea
1/ Banco Central estimates for GDP of the last 12 months at prices of the month indicated.
2/ Includes time deposits, exchange bills, mortgage bonds and real estate bonds.
3/ Excludes guaranties issued primarily by financial institutions.
4/ As of August 1999, nonfinancial sector investments in committed operations are included in M3, when the minimun 30 day term in force since
October 1991 required in such operations was eliminated.
January 2007 | Boletim do Banco Central do Brasil |
69
II.9 – Income-velocity of money1/
#######
End-of-
M1
M2
M3
M4
period
2001
Dec
15.0
3.9
2.0
1.7
2002
Dec
14.7
4.0
2.3
2.0
2003
Dec
14.6
3.9
1.9
1.7
2004
Dec
14.5
3.8
1.9
1.7
2005
2006
Jan
15.7
3.8
1.9
1.7
Feb
15.9
3.8
1.9
1.7
Mar
16.1
3.7
1.8
1.6
Apr
16.6
3.8
1.8
1.6
May
16.3
3.7
1.8
1.6
Jun
16.1
3.7
1.8
1.6
Jul
16.0
3.6
1.8
1.6
Aug
16.0
3.6
1.7
1.5
Sep
16.1
3.6
1.7
1.5
Oct
16.0
3.5
1.7
1.5
Nov
15.2
3.5
1.7
1.5
Dec
13.4
3.3
1.7
1.5
Jan
15.1
3.5
1.7
1.5
Feb
15.0
3.4
1.6
1.5
Mar
15.4
3.4
1.6
1.4
Apr
15.6
3.4
1.6
1.4
May
15.4
3.4
1.6
1.4
Jun
15.4
3.4
1.6
1.4
Jul
15.3
3.4
1.6
1.4
Aug
15.1
3.4
1.6
1.4
Sep
14.5
3.4
1.6
1.4
Oct
14.5
3.4
1.6
1.4
Nov*
14.0
3.3
1.6
1.4
Source: Bacen and IBGE
1/ GDP/Mi (i=1,2,3,4) ratio based on the end-of-period balance and on the Banco Central estimates for GDP of the last 12 months at prices of the month indicated.
70 |
Boletim do Banco Central do Brasil
|
January 2007
II.10 – Financial institutions reserve requirements
End-of-period balances
R$ million
Period
Judicial
Time
Additional
deposits
deposits
requirements
1/
Savings
Advances on
Demand
Summary
deposits
exchange
resources
Total
contracts
and others
In
In
securities
securities
10 557
12 825
2001 Dec
In
currency
3/
In
In
securities
2/
currency
17 574
234
-
1 426
currency
In
In
In
In
4/
securities
currency
20 627
24 808
38 435
currency
63 243
2002 Dec
12 715
23 484
26 503
1 832
28 092
182
30 216
38 031
84 993
123 024
2003 Dec
14 922
23 440
27 002
1 569
28 613
125
29 865
39 931
85 605
125 536
2004 Dec
125
20 925
32 502
3 880
31 601
218
36 088
24 930
100 409
125 339
2005 Jan
2
22 179
32 854
4 063
31 929
198
36 662
26 244
101 643
127 887
Feb
2
22 853
33 121
3 451
31 851
203
33 782
26 306
98 957
125 263
Mar
2
24 440
33 875
3 546
31 834
162
33 661
27 988
99 532
127 520
Apr
3
25 236
34 528
4 246
32 024
168
33 353
29 485
100 073
129 558
May
3
25 348
33 992
4 118
31 721
175
35 149
29 469
101 037
130 506
Jun
0
25 861
34 668
4 883
31 885
163
33 208
30 744
99 924
130 668
Jul
0
26 638
35 616
4 532
32 281
163
33 449
31 170
101 509
132 679
Aug
0
27 133
35 512
4 467
32 324
136
33 800
31 600
101 772
133 372
Sep
0
28 209
36 341
4 536
32 460
143
32 938
32 745
101 882
134 627
Oct
0
28 557
36 453
4 828
32 396
-
32 313
33 385
101 162
134 547
Nov
0
29 073
37 107
5 148
32 549
-
35 623
34 221
105 279
139 500
Dec
0
29 539
38 849
5 266
33 549
-
42 041
34 805
114 439
149 244
2006 Jan
0
30 537
38 856
5 983
33 809
-
40 929
36 520
113 594
150 114
Feb
0
28 804
39 241
6 136
33 954
-
40 219
34 940
113 414
148 354
Mar
0
29 689
39 658
6 263
33 619
-
38 107
35 952
111 384
147 336
Apr
0
30 069
40 297
6 197
33 572
-
37 576
36 266
111 445
147 711
May
0
30 219
40 004
6 139
33 239
-
35 180
36 358
108 423
144 781
Jun
0
32 232
41 790
6 215
33 485
-
41 964
38 447
117 239
155 686
Jul
0
31 938
41 685
6 307
34 001
-
40 484
38 245
116 170
154 415
Aug
0
31 749
41 705
6 535
34 328
-
45 582
38 284
121 615
159 899
Sep
0
31 290
42 687
6 807
34 796
-
42 027
38 097
119 510
157 607
Oct
0
31 397
42 582
6 972
35 074
-
42 081
38 369
119 737
158 106
Nov
0
32 269
43 925
7 249
35 695
-
45 427
39 518
125 047
164 565
1/ Levying base: demand resources, time deposits and savings deposits.
2/ Interest-earning.
3/ Includes advances received in domestic currency – exchange import operations for future liquidation .
4/ Non interest-earning. Includes cash account and other banking reserves. Incurrence base: demand deposits, deposits under notice, Investment deposits, third part resources
temporalily with banks, tax collection and inflow and alike, banker's checks, contracts of liabilities assumption – earmarked to inland operations, liabilities for payment services
and resources from paid-in guaranties.
January 2007 | Boletim do Banco Central do Brasil |
71
II.11 – Banco Central do Brasil – Adjusted balance sheet
Assets
R$ million
Credits to financial institutions
Period
Securities
Repo operations with
3/
National Treasury securities
Public
Private
banks
1/
banks
Total
Not
earmarked
2/
Earmarked Others
Total
to
Open-
5/
Extra-market
Total
market
repurchase
operations
4/
2001
Dec
1 481
20 092
21 573
171 243
13 781
2 831
187 855
18 656
- 9 880
8 776
2002
Dec
983
18 912
19 895
167 131
82 209
21 079
270 419
- 64 110
- 12 979
- 77 089
2003
Dec
530
16 455
16 985
188 530
65 285
26 457
280 272
- 55 717
- 10 093
- 65 810
2004
Dec
6
17 819
17 825
230 372
63 187
12 488
306 047
- 47 207
- 11 685
- 58 892
2005
Jan
28
17 853
17 881
222 474
69 324
12 063
303 861
- 56 817
- 11 790
- 68 607
Feb
6
17 871
17 877
219 823
67 432
11 892
299 147
- 55 055
- 11 740
- 66 795
Mar
6
18 184
18 190
244 483
64 474
7 658
316 615
- 45 773
- 12 033
- 57 806
Apr
7
18 220
18 227
225 179
65 375
7 026
297 580
- 44 937
- 12 011
- 56 948
May
7
18 266
18 273
240 828
55 011
6 748
302 587
- 36 723
- 12 358
- 49 081
Jun
7
17 787
17 794
262 711
46 039
8 234
316 984
- 33 264
- 12 534
- 45 798
Jul
7
17 833
17 840
245 299
55 615
6 698
307 612
- 35 531
- 13 009
- 48 540
Aug
8
17 894
17 902
245 623
59 524
6 396
311 543
- 43 752
- 13 135
- 56 887
Sep
8
17 955
17 963
243 567
62 530
6 080
312 177
- 41 734
- 13 527
- 55 261
Oct
8
18 573
18 581
239 537
66 653
1 239
307 429
- 52 278
- 13 868
- 66 146
Nov
8
18 609
18 617
242 972
63 366
6 343
312 681
- 37 675
- 14 066
- 51 741
Dec
8
19 010
19 018
210 920
62 966
7 508
281 394
- 22 856
- 14 313
- 37 169
Jan
14
19 055
19 069
215 544
71 421
9 375
296 340
- 57 257
- 14 268
- 71 525
Feb
14
19 072
19 086
216 169
72 491
10 882
299 542
- 39 121
- 14 346
- 53 467
Mar
49
19 359
19 408
223 414
69 007
11 214
303 635
- 45 996
- 14 521
- 60 517
Apr
14
19 335
19 349
192 405
88 159
10 114
290 678
- 71 692
- 15 032
- 86 724
May
16
19 418
19 434
156 169
104 304
7 369
267 842
- 89 401
- 15 363
- 104 764
Jun
5
19 028
19 033
205 698
86 269
6 027
297 994
- 70 062
- 15 931
- 85 993
Jul
5
19 428
19 433
174 462
113 858
4 907
293 227
- 95 773
- 16 105
- 111 878
Aug
4
19 299
19 303
188 960
95 549
4 471
288 980
- 78 456
- 16 317
- 94 773
Sep
4
19 705
19 709
205 024
89 315
4 016
298 355
- 71 899
- 16 465
- 88 364
Oct
4
19 743
19 747
188 966
106 102
4 060
299 128
- 86 741
- 16 895
- 103 636
Nov
4
19 907
19 911
203 867
90 563
3 251
297 681
- 72 613
- 17 069
- 89 682
2006
(continues)
72 |
Boletim do Banco Central do Brasil
|
January 2007
II.11 – Banco Central do Brasil – Adjusted balance sheet
Assets
(continued)
R$ million
Foreign assets
Period
International
Other accounts
7/
Others
Total
Assets
8/
Liabilities
Total
9/
Total
6/
reserves
2001 Dec
83 211
13 923
97 134
12 792
726
12 066
2002 Dec
133 627
28 149
161 776
36 125
14 219
21 906
327 404
396 907
2003 Dec
142 407
38 561
180 968
10 934
3 045
7 889
420 304
2004 Dec
140 489
24 055
164 544
5 152
1 669
3 483
433 007
2005 Jan
141 775
29 795
171 570
5 248
1 813
3 435
428 140
Feb
153 127
38 109
191 236
7 784
4 746
3 038
444 503
Mar
165 172
39 905
205 077
5 185
19 781
- 14 596
467 480
Apr
155 882
33 928
189 810
4 419
1 739
2 680
451 349
May
145 908
18 763
164 671
8 736
2 317
6 419
442 869
Jun
140 729
17 978
158 707
20 492
11 277
9 215
456 902
Jul
130 709
17 573
148 282
15 987
1 458
14 529
439 723
Aug
130 161
22 939
153 100
16 070
4 872
11 198
436 856
Sep
126 660
12 959
139 619
16 206
1 363
14 843
429 341
Oct
135 786
21 032
156 818
16 834
3 377
13 457
430 139
Nov
141 833
18 530
160 363
17 211
2 596
14 615
454 535
Dec
125 906
11 602
137 508
19 939
1 987
17 952
418 703
2006 Jan
126 120
23 938
150 058
5 343
1 886
3 457
397 399
Feb
122 586
28 375
150 961
5 646
2 817
2 829
418 951
Mar
129 939
19 238
149 177
3 885
2 219
1 666
413 369
Apr
118 126
20 605
138 731
4 635
2 749
1 886
363 920
May
145 782
15 345
161 127
4 353
1 682
2 671
346 310
Jun
135 613
19 397
155 010
16 841
1 917
14 924
400 968
Jul
145 386
25 451
170 837
17 967
3 178
14 789
386 408
Aug
152 848
16 081
168 929
17 015
5 498
11 517
393 956
Sep
159 542
14 155
173 697
17 457
2 647
14 810
418 207
Oct
167 489
13 659
181 148
18 652
5 337
13 315
409 702
Nov
180 060
20 855
200 915
16 992
2 366
14 626
443 451
(continues)
January 2007 | Boletim do Banco Central do Brasil |
73
II.11 – Banco Central do Brasil – Adjusted balance sheet
Liabilities
(continued)
R$ million
10/
Period
Other
Monetary liability and securities issued by the Central Bank
currency
Currency
issued
Currency reserve requirements
Banking
Securities
11/
Total
13/
deposits
issued by
reserves
Savings
Additional
requirements
the Central
12/
Bank
earning
2001
Dec
37 668
15 579
17 575
596
126 524
197 942
4 395
2002
Dec
49 931
23 371
28 090
26 503
699
67 021
195 615
161
2003
Dec
51 364
21 855
28 613
27 003
1 317
30 619
160 771
992
2004
Dec
61 936
26 797
31 602
32 502
1 939
13 569
168 345
1 218
2005
Jan
55 647
27 824
31 929
32 854
1 551
13 442
163 247
363
Feb
54 394
24 722
31 851
33 122
1 647
13 419
159 155
671
Mar
53 295
24 981
31 834
33 876
1 317
13 926
159 229
729
Apr
53 175
24 617
32 024
34 528
1 274
12 976
158 594
96
May
53 034
26 697
31 721
33 993
1 215
12 046
158 706
181
Jun
53 931
24 563
31 885
34 670
1 178
12 001
158 228
153
Jul
55 628
24 656
32 281
35 618
1 101
12 316
161 600
1 407
Aug
55 037
24 783
32 324
35 512
1 020
12 297
160 973
3 247
Sep
56 353
23 753
32 460
36 341
1 056
11 669
161 632
636
Oct
57 232
22 655
32 396
36 453
882
9 949
159 567
1 364
Nov
59 440
26 075
32 550
37 106
903
6 365
162 439
58
Dec
70 033
31 214
33 549
38 851
922
6 816
181 385
30
Jan
62 265
30 578
33 809
38 856
725
6 515
172 748
37
Feb
64 861
29 766
33 954
39 242
754
6 326
174 903
34
Mar
60 667
28 068
33 620
39 657
807
6 510
169 329
29
Apr
61 966
26 947
33 572
40 297
850
6 113
169 745
51
May
61 237
24 922
33 239
40 006
827
6 626
166 857
83
Jun
63 273
31 362
33 485
41 789
1 037
6 294
177 240
36
Jul
65 770
28 822
34 001
41 685
858
6 389
177 525
34
Aug
66 384
33 477
34 328
41 705
887
6 340
183 121
34
Sep
71 348
29 024
34 796
42 687
979
6 505
185 339
35
Oct
71 119
28 743
35 074
42 582
1 000
2 773
181 291
36
Nov
73 641
31 694
35 695
43 924
1 088
186 042
80
2006
-
Non
-
(continues)
1/ Includes basically claims on financial institutions in liquidation.
2/ Includes other linked-securities, securitized credits and, up to May 2006, market valuation adjustment of the entire portfolio securities. As of June, 2006, the market valuation
has been included in the series of corresponding securities.
3/ Financing granted minus financing borrowed.
4/ Result of net financing position with National Treasury securities, considering the last business day of month, with the purpose of managing liquidity.
5/ Net financing position with National Treasury securities, vis-à-vis financial institutions in liquidation , consortiums and others.
6/ Official reserves´ assets, representing the international liquidity.
7/ Include mostly stocks and quotas of international organizations and assets denominated in foreign currencies contracted and not liquidated.
8/ Includes permanent assets, administrative sector operations, receivable adjustment with foreign exchange swaps and assets to be liquidated. Increases in this series may happen
at the end of each semester, due to negative results to be paid by the National Theasury. Decreases may happen in the beginning of the following year as the negative balances are
paid by the National Treasury.
9/ Includes administrative sector operations, payable adjustment with foreign exchange swaps and liabilities to be liquidated. As of March, 2005, variations may happen
due to contracting of National Treasury security operations still not liquidated.
(continues)
74 |
Boletim do Banco Central do Brasil
|
January 2007
II.11 – Banco Central do Brasil – Adjusted balance sheet
Liabilities
(concluded)
R$ million
National Treasury
Period
Foreign liabilities
Own
Central
Total
17/
operations
resources
14/
Total
International
Settlement
government
organizations
15/
deposits
deposits
Others
2001 Dec
82 207
5 304
87 511
28 657
2002 Dec
88 526
625
89 151
88 452
16/
Others
Total
accounts
425
-
3 332
32 414
5 142
327 404
18 121
106 573
5 407
396 907
2003 Dec
120 189
5 431
125 620
95 362
18 365
10 128
123 855
9 066
420 304
2004 Dec
158 229
588
158 817
78 965
9 960
3 278
92 203
12 424
433 007
2005 Jan
156 576
254
156 830
76 760
12 481
7 879
97 120
10 580
428 140
Feb
168 390
968
169 358
76 094
15 551
12 350
103 995
11 324
444 503
Mar
192 209
677
192 886
74 431
14 156
15 385
103 972
10 664
467 480
Apr
191 088
395
191 483
70 951
13 152
11 839
95 942
5 234
451 349
May
205 043
186
205 229
65 534
7 671
5 902
79 107
- 354
442 869
Jun
215 211
684
215 895
59 280
12 012
2 577
73 869
8 757
456 902
Jul
209 250
1 553
210 803
48 230
2 548
5 764
56 542
9 371
439 723
Aug
203 686
656
204 342
47 951
4 039
7 357
59 347
8 947
436 856
Sep
214 591
404
214 995
44 770
2 242
2 048
49 060
3 018
429 341
Oct
211 808
940
212 748
45 321
7 156
4 605
57 082
- 622
430 139
Nov
234 529
812
235 341
43 708
1 680
9 119
54 507
2 190
454 535
Dec
208 476
2 200
210 676
10 436
4 018
2 337
16 791
9 821
418 703
2006 Jan
193 402
1 354
194 756
10 034
6 995
10 473
27 502
2 356
397 399
Feb
215 494
1 359
216 853
9 534
9 564
11 849
30 947
- 3 786
418 951
Mar
223 056
1 303
224 359
9 742
5 048
6 237
21 027
- 1 375
413 369
Apr
178 289
322
178 611
9 567
6 591
6 357
22 515
- 7 002
363 920
May
153 702
1 214
154 916
10 700
2 463
4 124
17 287
7 167
346 310
Jun
191 873
536
192 409
9 916
6 397
4 907
21 220
10 063
400 968
Jul
166 223
411
166 634
10 017
14 781
2 438
27 236
14 979
386 408
Aug
183 337
719
184 056
9 856
3 694
4 422
17 972
8 773
393 956
Sep
204 338
518
204 856
9 945
3 473
2 238
15 656
12 321
418 207
Oct
201 922
588
202 510
9 826
3 242
2 044
15 112
10 753
409 702
Nov
219 575
840
220 415
10 117
5 544
6 861
22 522
14 392
443 451
(continued)
10/ It does not include reserve requirements collected in securities.
11/ Include mandatory and free reserve requirements over demand deposits.
12/ As of February/2003 includes resources from deposits in advance to be compensated and as of August/2004 includes resources from demand deposits
not granted to microfinance and to rural credit.
13/ Financial institution´s reserve requirements in currency not included in the monetary base concepts.
14/ Includes other liabilities with National Treasury, among which the remuneration of deposits and the result to be transferred to the National Treasury.
15/ Contracting of gold and foreign currency operations to be liquidated.
16/ Includes SDR allocation (Special Drawing Rights), liabilities from external debt restructuring and as of January, 2006, payable amounts resulting from
sale of foreign exchange securities with repurchase agreement.
17/ Net worth, reserves, provisions and net profit and loss account.
January 2007 | Boletim do Banco Central do Brasil |
75
II.12 – Monetary authority
30/10/2004
R$ million
Itemization
2006
May
Jun
Jul
Aug
Sep
Oct
Nov
Assets
415 984
438 354
453 320
444 563
460 542
471 349
481 843
Foreign assets
145 410
138 584
156 521
153 140
159 677
168 414
181 739
Claims on central governmment (includes securities debt)
270 135
299 765
295 596
291 419
300 861
301 616
300 100
Claims on state and local governments (includes securities debt)
-
-
-
-
-
-
-
Claims on private sector
-
-
-
-
-
-
-
414
5
1 177
4
4
1 192
4
25
-
26
-
-
127
-
-
-
-
-
-
-
-
Liabilities
415 984
438 354
453 320
444 563
460 542
471 349
481 843
Reserve money (IMF)
254 858
245 868
273 047
260 298
255 857
271 741
263 890
48 676
50 749
51 378
52 176
56 164
55 208
57 694
158
162
160
160
161
169
181
6 626
6 294
6 389
6 340
6 505
2 773
-
10
9
9
9
9
9
9
Claims on deposit money banks
Claims on other banking institutions
Claims on nonbanking financial institutions
of which: currency outside deposit money banks
Money market instruments
Liabilities for Banco Central securities
Foreign currency deposits
Foreign liabilities
Long-term foreign liabilities
Central government deposits
Capital accounts
Other items (net)
76 |
Boletim do Banco Central do Brasil
|
January 2007
76
133
135
134
69
73
81
5 530
10 191
16 102
6 986
4 677
4 240
11 281
154 916
192 409
166 634
184 056
204 856
202 510
220 415
8 400
- 1 892
3 247
- 3 127
263
- 1 460
2 054
- 14 589
- 14 820
- 12 404
- 10 293
- 11 855
- 8 706
- 16 067
II.13 – Deposit money banks1/
30/10/2004
R$ million
Itemization
Assets
Reserves
Other claims on monetary authority
Foreign assets
Claims on central governmment (includes securities debt)
2006
May
Jun
Jul
Aug
Sep
Oct
Nov
1 361 193
1 361 575
1 405 963
1 400 717
1 429 742
1 479 684
1 511 021
198 895
188 710
214 259
199 316
193 819
210 302
199 653
3 732
3 501
3 532
3 495
3 555
1 564
-
62 450
51 990
52 762
48 949
58 018
55 503
61 626
417 749
373 090
385 778
385 191
390 267
397 730
402 794
Claims on state and local governments (includes securities debt)
2 785
2 960
2 625
2 797
3 291
3 023
3 229
Claims on nonfinancial public enterprises
5 309
5 163
5 294
4 865
4 799
4 752
4 820
697 036
705 584
723 128
734 366
751 392
783 768
806 092
17 462
17 885
19 166
16 556
17 023
17 928
17 779
434
4
6
106
115
50
74
1 361 193
1 361 575
1 405 963
1 400 717
1 429 742
1 479 684
1 511 021
Claims on private sector
Claims on other banking institutions
Claims on nonbanking financial institutions
Liabilities
Demand deposits
81 561
80 770
81 698
83 816
86 880
90 748
93 869
445 016
448 221
450 638
449 051
446 961
457 475
465 772
Money market instruments
43 922
43 391
43 071
42 382
43 714
44 718
46 692
Restricted deposits
70 354
72 366
73 676
71 539
73 031
73 910
75 316
Foreign liabilities
59 558
53 499
56 809
57 448
56 288
57 580
56 996
Long-term foreign liabilities
19 882
17 140
17 222
17 181
19 194
18 510
18 873
Central government deposits
25 376
25 999
28 296
24 885
25 265
29 645
25 649
1 451
-
-
1 549
289 197
Time, savings and other deposits
Credit from monetary authority
Liabilities to other banking institutions
491
-
236 729
236 876
260 169
253 167
266 441
272 359
4 120
3 184
3 426
3 237
3 163
5 993
8 457
Capital accounts
322 775
327 736
333 568
335 109
341 743
360 736
366 740
Other items (net)
51 408
52 393
55 939
62 903
67 060
66 464
63 462
Liabilities to nonbanking financial institutions
1/ Comprises commercial banks, Banco do Brasil S.A, multiple banks and Caixa Econômica Federal .
January 2007 | Boletim do Banco Central do Brasil |
77
II.14 – Monetary survey1/
30/10/2004
R$ million
2006
Itemization
Assets
Foreign assets (net)
Domestic credit
Claims on central government (net) - includes securities debt
May
Jun
Jul
Aug
Sep
Oct
Nov
1 334 210
1 335 672
1 388 442
1 375 942
1 406 428
1 448 168
1 490 067
148 227
136 941
152 339
144 507
161 338
166 264
186 287
1 185 983
1 198 731
1 236 103
1 231 435
1 245 090
1 281 904
1 303 779
471 785
462 932
467 135
485 858
472 745
468 470
472 255
Claims on state and local governments (includes securities debt)
2 785
2 960
2 625
2 797
3 291
3 023
3 229
Claims on nonfinancial public enterprises
5 309
5 163
5 294
4 865
4 799
4 752
4 820
697 036
705 584
723 128
734 366
751 392
783 768
806 092
17 486
17 885
19 192
16 556
17 023
18 055
17 779
434
4
6
106
115
50
74
1 334 210
1 335 672
1 388 442
1 375 942
1 406 428
1 448 168
1 490 067
Claims on private sector
Claims on other banking institutions
Claims on nonbanking financial institutions
Liabilities
Money
132 210
132 899
135 014
137 430
144 575
147 915
154 309
Quasi-money
445 016
448 221
450 638
449 051
446 961
457 475
465 772
44 080
43 553
43 231
42 542
43 875
44 886
46 873
2 894
2 793
2 857
2 845
2 950
1 209
-
70 364
72 375
73 685
71 548
73 040
73 919
75 325
Money market instruments
Liabilities for Banco Central securities
Restricted deposits
Long-term foreign liabilities
Liabilities to other banking institutions
Liabilities to nonbanking financial institutions
25 412
27 331
33 324
24 167
23 871
22 750
30 154
236 729
236 876
260 169
253 167
266 441
272 359
289 197
4 120
3 184
3 426
3 237
3 163
5 993
8 457
Capital accounts
331 174
325 844
336 815
331 982
342 006
359 276
368 793
Other items (net)
42 211
42 596
49 281
59 974
59 545
62 387
51 187
1/ Consolidation of tables monetary authority and deposit money banks.
78 |
Boletim do Banco Central do Brasil
|
January 2007
II.15 – Other banking institutions 1/
30/10/2004
R$ million
Itemization
Assets
2006
May
Jun
Jul
Aug
Sep
Oct
Nov
980 913
986 201
1 001 440
1 006 084
1 018 867
1 021 505
1 034 361
3 549
Reserves
2 653
2 153
2 739
2 211
2 336
2 759
Other claims on monetary authority
2 703
2 461
2 501
2 501
2 556
1 083
-
678
1 079
784
259
407
327
828
540 436
Foreign assets
512 494
514 931
511 749
529 126
538 059
535 898
Claims on state and local governments (includes securities debt)
Claims on central governmment (includes securities debt)
5 992
6 038
6 051
6 020
6 032
6 036
6 061
Claims on nonfinancial public enterprises
5 333
4 919
4 589
2 555
2 541
2 422
2 378
Claims on private sector
159 270
161 754
169 415
173 380
179 037
180 663
182 349
Claims on deposit money banks
291 587
292 701
303 427
289 910
287 724
292 169
298 513
203
165
186
122
174
146
246
980 913
986 201
1 001 440
1 006 084
1 018 867
1 021 505
1 034 361
Claims on nonbanking financial institutions
Liabilities
Demand deposits
Time, savings and other deposits
Money market instruments
-
-
9 977
-
10 068
-
10 447
-
10 497
10 705
10 187
-
10 186
-
778 591
728 751
734 111
745 848
754 925
763 178
767 687
Restricted deposits
512
837
568
532
594
549
550
Foreign liabilities
728
664
980
953
1 046
1 014
1 049
Long-term foreign liabilities
16 466
14 626
14 777
14 576
14 604
14 412
14 580
Central government deposits
57 116
56 251
57 007
48 654
47 677
45 464
45 376
94
68
96
35
36
168
36
6 620
8 651
10 111
7 926
6 825
7 194
6 763
217
810
635
140
558
94
545
Capital accounts
111 140
111 795
111 166
116 625
122 121
123 339
126 271
Other items (net)
49 292
48 319
49 806
51 221
51 523
51 395
50 411
Credit from monetary authority
Credit from deposit money banks
Liabilities to nonbanking financial institutions
1/ Comprises investment banks, Banco Nacional de Desenvolvimento Econômico e Social , state development banks, financial investment funds, financial and investment companies,
housing credit companies, savings and loans associations and mortgage companies.
January 2007 | Boletim do Banco Central do Brasil |
79
II.16 – Banking survey1/
30/10/2004
R$ million
2006
Itemization
Assets
Foreign assets (net)
Domestic credit
Claims on central government (net) - includes securities debt
Claims on state and local governments (includes securities debt)
Claims on nonfinancial public enterprises
Claims on private sector
Claims on nonbanking financial institutions
Liabilities
May
Jun
Jul
Aug
Sep
Oct
Nov
1 942 850
1 949 758
2 004 037
2 021 240
2 066 933
2 109 127
2 158 160
148 177
137 356
152 143
143 813
160 699
165 576
186 066
1 794 673
1 812 402
1 851 893
1 877 427
1 906 233
1 943 550
1 972 095
918 310
925 816
940 599
953 217
958 851
962 689
966 845
8 777
8 997
8 676
8 816
9 324
9 060
9 290
10 642
10 083
9 882
7 420
7 340
7 174
7 199
856 306
867 338
892 543
907 746
930 430
964 431
988 441
638
169
192
228
289
196
320
1 942 850
1 949 758
2 004 037
2 021 240
2 066 933
2 109 127
2 158 160
Liquidity liabilities
491 055
489 830
496 043
501 028
511 731
522 783
536 486
Money market instruments
761 112
767 560
779 311
787 335
795 625
800 961
813 430
Liabilities for Central Bank securities
191
331
356
344
395
126
-
Restricted deposits
70 875
73 212
74 253
72 080
73 634
74 468
75 875
Long-term foreign liabilities
41 878
41 958
48 102
38 742
38 475
37 162
44 734
4 337
3 994
4 061
3 377
3 721
6 086
9 002
Capital accounts
442 315
437 639
447 981
448 607
464 127
482 615
495 065
Other items (net)
131 088
135 234
153 930
169 727
179 224
184 926
183 568
Liabilities to nonbanking financial institutions
1/ Consolidation of tables monetary survey and other banking institutions.
80 |
Boletim do Banco Central do Brasil
|
January 2007
II.17 – Nonbanking financial institutions 1/
30/10/2004
R$ million
Itemization
2006
May
Jun
Jul
Aug
Sep
Oct
Nov
39 703
39 391
39 733
39 923
43 469
45 787
48 573
Reserves
12
15
12
12
13
13
14
Other claims on monetary authority
31
29
30
29
31
4
-
Foreign assets
66
63
64
63
64
87
86
4 462
4 002
4 109
4 235
4 496
4 414
4 506
444
444
444
452
453
456
468
17
17
16
15
14
14
13
27 607
28 293
28 344
28 585
31 779
32 004
32 389
Claims on deposit money banks
5 019
3 687
3 901
4 050
3 608
5 910
7 411
Claims on other banking institutions
2 046
2 841
2 814
2 481
3 009
2 885
3 685
39 703
39 391
39 733
39 923
43 469
45 787
48 573
Assets
Claims on central government (net) - includes securities debt
Claims on state and local governments (includes securities debt)
Claims on nonfinancial public enterprises
Claims on private sector
Liabilities
Time, savings and other deposits
Money market instruments
Restricted deposits
36
50
32
21
76
92
114
51 495
56 993
64 596
70 379
75 401
77 213
82 505
-
-
Foreign liabilities
413
389
389
385
395
381
389
Long-term foreign liabilities
446
431
414
411
417
412
405
69
73
77
75
75
31
31
-
-
-
-
-
-
-
457
9
10
125
126
58
83
2 335
2 298
2 320
2 313
2 371
2 387
2 556
Central government deposits
Credit from monetary authority
Credit from deposit money banks
Liabilities to other banking institutions
Capital accounts
Other items (net)2/
-
-
-
-
-
45 700
46 174
46 752
46 839
50 384
52 396
52 551
- 61 246
- 67 026
- 74 857
- 80 627
- 85 777
- 87 185
- 90 061
1/ Comprises leasing companies, stock brokerage houses, distributor companies and fostering agencies.
2/ It refers mostly to interfinancial deposits.
January 2007 | Boletim do Banco Central do Brasil |
81
II.18 – Financial system credit operations
Credit balance with earmarked and non-earmarked resources
####
R$ million
Period
Non-earmarked
Individuals
Interest rate
Corporations
Credit Leasing3/ Others 4/
Total
Total
Domestic funding
External
reference unions2/
Total
1/
funding
Interest rate Leasing 3/
credit
1/
Rural Others4/
Total
reference
operations
1/
credit
2004 Dec
113 272
6 958
4 307
14 024
138 562
111 885
8 837
1 567
10 839 133 128
46 227
179 355
317 917
2005 Jan
116 987
7 133
4 659
13 837
142 616
113 062
8 984
1 572
10 673 134 291
47 465
181 756
324 372
Feb
121 288
7 292
4 984
12 079
145 644
115 105
9 076
1 495
10 404 136 080
48 501
184 581
330 225
Mar
125 547
7 399
5 403
12 167
150 517
116 075
9 323
1 513
10 339 137 250
49 457
186 707
337 224
Apr
129 839
7 502
5 736
12 096
155 172
120 070
9 623
1 647
10 358 141 698
49 563
191 261
346 433
May
134 167
7 585
6 019
13 192
160 963
119 822
9 904
1 693
9 997 141 415
48 062
189 477
350 441
Jun
136 632
7 599
6 314
13 879
164 424
122 105
10 211
1 712
10 064 144 091
47 761
191 852
356 276
Jul
140 260
7 699
6 540
13 528
168 027
123 559
10 642
1 779
11 025 147 004
48 530
195 534
363 561
Aug
145 166
7 872
6 814
14 020
173 872
124 291
11 205
1 734
11 421 148 651
48 079
196 730
370 602
Sep
148 692
8 015
7 080
14 475
178 261
128 461
11 653
1 735
10 194 152 043
46 202
198 245
376 506
Oct
151 773
8 159
7 433
15 275
182 640
130 146
11 972
1 873
10 928 154 919
48 167
203 086
385 726
Nov
155 884
8 322
7 844
14 811
186 861
135 083
12 368
2 051
11 582 161 084
47 028
208 112
394 973
Dec
155 190
8 286
8 427
18 827
190 731
137 347
12 778
2 088
12 666 164 878
48 098
212 976
403 707
2006 Jan
160 589
8 441
8 876
16 804
194 709
136 064
12 919
2 098
12 462 163 543
47 215
210 757
405 467
Feb
163 806
8 565
9 319
16 328
198 018
140 165
13 171
2 136
13 291 168 763
46 287
215 051
413 068
Mar
168 100
8 698
9 853
15 436
202 088
140 374
13 505
2 214
14 134 170 227
48 829
219 056
421 143
Apr
171 976
8 835
10 401
15 031
206 242
143 115
13 866
2 379
14 860 174 219
50 341
224 560
430 802
May
175 501
8 921
11 083
16 727
212 232
144 412
14 212
2 387
16 182 177 192
53 502
230 694
442 926
Jun
177 182
8 982
11 474
16 209
213 847
148 604
14 829
2 394
15 646 181 473
50 383
231 856
445 703
Jul
180 461
9 070
11 608
17 291
218 430
148 333
15 763
2 401
17 195 183 692
53 021
236 713
455 143
Aug
184 140
9 221
12 112
17 656
223 129
148 578
16 924
2 073
17 264 184 838
51 218
236 056
459 186
Sep*
186 655
9 348
13 018
15 587
224 609
151 925
17 197
1 949
17 826 188 897
52 719
241 616
466 225
Oct*
189 020
9 485
13 236
18 282
230 023
153 664
17 678
1 749
19 663 192 755
53 236
245 991
476 014
Nov*
192 030
9 584
13 514
20 278
235 406
158 603
17 702
1 758
21 318 199 382
53 632
253 013
488 420
(continues)
82 |
Boletim do Banco Central do Brasil
|
January 2007
II.18 – Financial system credit operations
Credit balance with earmarked and non-earmarked resources
dez/06
R$ million
(concluded)
5/
Period
Overall
Earmarked
11/
total
BNDES
6/
Rural
On-
Direct
Total
7/
lendings
8/
Banks and
Credit
development
unions
9/
Housing
10/
Total
5 386
180 805
Others
Total
agencies
2004
2005
2006
Dec
59 325
50 688
110 013
39 335
1 377
40 712
24 694
498 722
Jan
60 400
50 192
110 592
39 016
1 382
40 399
24 864
5 474
181 329
505 701
Feb
60 370
50 439
110 809
38 736
1 345
40 081
24 966
5 557
181 413
511 638
Mar
61 120
50 804
111 924
38 979
1 338
40 317
25 127
5 693
183 061
520 285
Apr
60 311
51 235
111 546
39 555
1 348
40 903
25 365
5 753
183 567
530 000
May
59 516
51 689
111 205
39 627
1 364
40 990
25 487
5 806
183 490
533 930
Jun
59 678
52 719
112 396
39 618
1 387
41 005
25 833
5 810
185 044
541 320
Jul
60 314
53 423
113 736
38 177
1 303
39 480
26 143
5 899
185 258
548 819
Aug
61 567
54 282
115 849
37 680
1 227
38 907
26 455
6 022
187 233
557 835
Sep
60 522
54 428
114 950
38 700
1 301
40 001
26 857
6 043
187 851
564 357
Oct
59 890
55 008
114 898
40 540
1 554
42 095
27 224
6 030
190 247
575 972
Nov
62 381
55 766
118 147
41 669
1 708
43 377
27 642
5 987
195 153
590 126
Dec
66 251
57 849
124 100
43 346
1 766
45 113
28 125
5 979
203 316
607 023
Jan
65 162
58 307
123 469
43 202
1 836
45 038
28 867
5 889
203 263
608 730
Feb
64 130
58 463
122 593
43 214
1 843
45 057
29 114
5 841
202 605
615 673
Mar
65 025
58 378
123 404
43 770
1 824
45 594
29 841
5 809
204 648
625 791
Apr
65 858
58 377
124 235
44 376
1 853
46 229
30 384
5 791
206 639
637 441
May
67 861
59 207
127 068
45 454
1 898
47 353
30 929
5 855
211 204
654 130
Jun
67 310
60 168
127 478
45 846
1 968
47 814
31 612
5 905
212 808
658 511
Jul
68 622
60 539
129 161
45 297
1 776
47 074
32 198
5 940
214 372
669 515
Aug
66 685
62 056
128 741
45 787
1 833
47 620
32 695
6 061
215 116
674 302
Sep*
67 103
62 678
129 781
47 312
2 068
49 380
33 042
5 957
218 161
684 386
Oct*
67 090
63 233
130 322
49 242
2 312
51 554
33 617
5 997
221 490
697 504
Nov*
69 263
65 281
134 544
50 215
2 445
52 660
34 085
6 056
227 345
715 764
1/ Available resources defined according to Circular 2,957 dated 12.30.1999. Mortgage loan companies and Development Agencies are not included.
2/ It includes rural financing with non-earmarked resources..
3/ It refers to a financial leasing modality..
4/ It includes installments of non-financed credit card invoices, among others.
5/ It refers to credit operations with compulsory or government resources.
6/ It refers to entire portfolio, including those credits granted to the rural sector.
7/ It includes Finame on-lendings.
8/ It excludes leasing operations and BNDES financing operations or through BNDES on-lendings.
9/ It refers to operations carried out by individuals and housing cooperatives.
10/ It includes, among others, financings of Central-West Region Constitutional Fund (FCO) and credit granted by development banks and agencies.
11/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
January 2007 | Boletim do Banco Central do Brasil |
83
II.19 – Financial system credit operations 1/
As percentage of GDP 2/
#####
According to the source of funding
Period
3/
Non-earmarked
4/
Earmarked
According to the capital control
Total
Public
National
Foreign
5/
private
7/
institutions
institutions
2004
2005
2006
Dec
17.2
9.8
26.9
10.4
institutions
6/
10.7
5.9
26.9
Jan
17.4
9.7
27.2
10.5
10.7
5.9
27.2
Feb
17.6
9.7
27.3
10.6
10.8
6.0
27.3
Mar
17.9
9.7
27.6
10.7
10.9
6.0
27.6
Apr
18.3
9.7
28.0
10.8
11.2
6.1
28.0
May
18.6
9.7
28.3
10.8
11.3
6.2
28.3
Jun
18.9
9.8
28.8
10.9
11.5
6.4
28.8
Jul
19.4
9.9
29.3
11.0
11.8
6.6
29.3
Aug
19.8
10.0
29.8
11.1
12.0
6.7
29.8
Sep
19.9
9.9
29.8
11.0
12.1
6.7
29.8
Oct
20.2
10.0
30.1
11.0
12.3
6.8
30.1
Nov
20.5
10.1
30.6
11.2
12.6
6.9
30.6
Dec
20.7
10.4
31.2
11.5
12.7
7.0
31.2
Jan
20.7
10.4
31.0
11.4
12.7
6.9
31.0
Feb
21.0
10.3
31.2
11.4
12.9
6.9
31.2
Mar
21.3
10.3
31.6
11.5
13.0
7.0
31.6
Apr
21.6
10.4
32.0
11.7
13.0
7.3
32.0
May
22.0
10.5
32.5
11.8
13.3
7.4
32.5
Jun
21.9
10.5
32.4
11.9
13.3
7.3
32.4
Jul
22.2
10.5
32.7
12.0
13.4
7.4
32.7
Aug
22.3
10.4
32.7
11.9
13.4
7.5
32.7
Sep*
22.5
10.5
33.0
11.9
13.4
7.6
33.0
Oct*
22.7
10.5
33.2
12.1
13.8
7.3
33.2
Nov*
23.0
10.7
33.7
12.3
14.0
7.4
33.7
1/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
2/ Banco Central estimates for the GDP in the last 12 months at prices of the month indicated, as of IBGE annual data, based on centered IGP-DI.
3/ Available resources may be defined according to Circular 2,957 dated 12.30.1999. Mortgage loan companies and Development Agencies are not included.
4/ It refers to credit operations with compulsory or government resources.
5/ It refers to those institutions in which federal, state or municipal governments hold more than 50% of the voting capital, according to Circular-Letter 2,345, dated 1.25.1993.
6/ It refers to those institutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
7/ It refers to those institutions which have under external control, either directly or indirectly, the majority of voting capital. It also includes those established and
headquartered abroad with agencies or branches in the country, according to Circular-Letter 2,345, dated 1.25.1993.
84 |
Total
Boletim do Banco Central do Brasil
|
January 2007
II.20 – Financial system credit operations
Balance by economic activity1/
#####
R$ million
Period
Public sector
2/
6/
Private sector
Federal
State and
Public
government
municipal
sector
governments
total
Industry
Housing
3/
4/
Rural
Total
CommerceIndividuals5/
Other
Private
services
sector
total
2004
Dec
5 043
14 160
19 203
124 788
25 774
58 502
54 779
136 456
79 220
479 519
498 722
2005
Jan
5 001
14 131
19 131
125 179
25 941
58 559
55 348
140 519
81 025
486 570
505 701
Feb
4 981
14 160
19 142
126 327
26 038
58 410
56 935
143 561
81 226
492 496
511 638
Mar
5 021
14 536
19 557
126 646
26 184
58 980
57 252
148 440
83 226
500 727
520 285
Apr
4 975
14 557
19 533
128 583
26 406
59 870
57 984
153 119
84 505
510 467
530 000
May
5 045
14 403
19 448
128 741
26 538
59 905
58 022
158 915
82 360
514 482
533 930
Jun
4 839
14 761
19 600
129 762
26 882
60 167
58 649
162 411
83 849
521 719
541 320
Jul
4 811
15 169
19 980
131 841
27 165
58 977
58 925
166 049
85 882
528 839
548 819
Aug
4 766
15 378
20 143
132 925
27 492
58 417
59 674
171 876
87 308
537 692
557 835
Sep
4 694
15 400
20 094
131 210
27 805
59 656
61 084
176 348
88 161
544 263
564 357
Oct
4 588
15 289
19 877
133 649
28 172
62 049
62 278
180 723
89 225
556 095
575 972
Nov
4 665
15 465
20 130
134 467
28 589
63 686
64 017
184 923
94 313
569 996
590 126
Dec
4 559
15 997
20 556
138 947
29 081
65 955
64 514
188 784
99 185
586 467
607 023
Jan
4 434
16 018
20 453
136 489
29 766
66 312
64 274
192 830
98 605
588 277
608 730
Feb
4 550
16 277
20 826
136 791
29 956
66 760
65 730
196 194
99 417
594 847
615 673
Mar
4 580
16 323
20 903
138 784
30 710
67 614
66 661
200 242
100 878
604 888
625 791
Apr
4 534
16 242
20 775
141 836
31 271
68 488
67 621
204 379
103 071
616 666
637 441
May
4 589
16 603
21 193
146 703
31 848
69 698
68 631
210 342
105 715
632 937
654 130
Jun
4 529
16 432
20 961
145 111
32 566
70 686
70 312
211 931
106 944
637 550
658 511
Jul
4 503
16 505
21 008
147 861
33 192
70 149
71 277
216 496
109 534
648 507
669 515
Aug
4 450
14 229
18 679
148 796
33 728
70 434
72 077
221 150
109 438
655 623
674 302
Sep*
4 400
14 202
18 603
151 035
34 105
72 237
73 428
222 607
112 371
665 783
684 386
Oct*
4 344
14 169
18 513
153 539
34 733
74 570
75 464
227 978
112 706
678 991
697 504
Nov*
4 336
14 354
18 690
156 775
35 242
76 071
77 813
233 318
117 855
697 075
715 764
2006
1/ Division by sectors, as defined by Circular-Letter 2,903, dated 3.23.2000.
2/ It includes direct admnistration, indirect admnistration and business activities.
3/ It refers to operations carried out with individuals and housing cooperatives. Operations channeled to real state developments are classified in the segment of industry.
4/ It refers to operations carried out with farmers and other individuals according to specific rural credit regulations.
5/ It excludes operations carried out with rural and housing sectors.
6/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
January 2007 | Boletim do Banco Central do Brasil |
85
II.21 – Public financial system credit operations 1/
Balance by economic activity2/
#####
R$ million
3/
Period
7/
Private sector
Public sector
Federal
State and
Public
government
municipal
sector
governments
total
Industry
4/
Housing
Rural
5/
Total
CommerceIndividuals6/
Other
Private
services
sector
total
2004
Dec
3 735
12 489
16 224
50 823
17 695
33 779
12 652
27 673
33 336
175 959
192 183
2005
Jan
3 706
12 453
16 159
51 367
17 782
34 011
13 147
28 937
34 907
180 152
196 311
Feb
3 710
12 464
16 174
52 306
17 852
34 102
13 384
29 721
34 962
182 327
198 501
Mar
3 710
12 604
16 313
52 333
18 010
34 421
13 477
30 685
36 071
184 997
201 310
Apr
3 672
12 273
15 945
52 905
18 224
35 110
13 716
31 564
35 826
187 345
203 289
May
3 768
12 190
15 958
52 825
18 329
35 492
13 807
32 375
35 337
188 165
204 123
Jun
3 648
12 190
15 838
53 126
18 642
35 933
13 787
32 911
35 450
189 850
205 688
Jul
3 627
12 436
16 062
52 810
18 853
35 144
13 887
32 725
36 230
189 648
205 711
Aug
3 595
12 426
16 022
53 645
19 118
34 496
13 947
33 469
37 218
191 893
207 914
Sep
3 582
12 326
15 908
52 959
19 468
35 123
14 065
34 109
36 655
192 380
208 287
Oct
3 401
12 336
15 737
53 508
19 775
36 517
14 352
34 351
36 820
195 322
211 059
Nov
3 405
12 350
15 756
52 899
20 134
37 590
14 604
34 458
39 843
199 528
215 284
Dec
3 373
12 745
16 118
56 252
20 562
39 173
14 780
34 113
42 250
207 130
223 248
Jan
3 284
12 701
15 985
55 375
21 203
39 378
15 385
34 444
41 652
207 436
223 422
Feb
3 452
12 651
16 103
55 428
21 294
39 659
15 598
34 666
41 541
208 186
224 289
Mar
3 432
12 674
16 106
56 313
22 063
40 145
15 670
35 864
42 480
212 534
228 640
Apr
3 410
12 619
16 029
56 861
22 577
40 749
15 819
36 605
44 458
217 069
233 099
May
3 403
12 941
16 343
58 599
23 086
41 360
15 777
37 632
45 681
222 134
238 477
Jun
3 401
12 876
16 276
58 409
23 723
42 395
16 268
38 319
45 371
224 486
240 762
Jul
3 393
12 813
16 207
59 458
24 293
41 944
16 343
38 976
47 350
228 364
244 570
Aug
3 375
10 988
14 362
59 888
24 789
41 656
16 694
40 027
47 564
230 617
244 980
Sep*
3 350
11 064
14 413
60 343
25 139
42 175
16 918
40 279
48 634
233 488
247 901
Oct*
3 325
11 082
14 407
62 940
25 700
43 656
17 342
40 859
49 327
239 824
254 230
Nov*
3 325
11 252
14 576
63 990
26 113
44 617
17 931
41 430
52 189
246 270
260 846
2006
1/ It refers to those insitutions in which federal, state or municipal governments hold more than 50% of the voting capital, according to Circular-Letter No. 2,345, dated 1.25.1993.
2/ Division by sectors, as defined by Circular-Letter 2,903, dated 3.23.2000.
3/ It includes direct admnistration, indirect admnistration and business activities.
4/ It refers to operations carried out with individuals and housing cooperatives. Operations channeled to real state developments are classified in the segment of industry.
5/ It refers to operations carried out with farmers and other individuals according to specific rural credit regulations.
6/ It excludes operations carried out with rural and housing sectors.
7/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
86 |
Boletim do Banco Central do Brasil
|
January 2007
II.22 – National private financial system credit operations 1/
Balance by economic activity2/
#####
R$ million
3/
Period
2004
2005
2006
Dec
Federal
State and
Public
government
municipal
sector
governments
total
1 617
2 746
1 130
7/
Private sector
Public sector
Industry
4/
Housing
Rural
5/
Total
CommerceIndividuals6/
Other
Private
services
sector
total
50 296
5 274
14 666
23 501
69 989
31 020
194 746
197 492
Jan
1 117
1 625
2 742
50 129
5 291
14 395
23 567
72 046
30 895
196 322
199 065
Feb
1 105
1 635
2 740
50 357
5 311
14 098
24 406
73 687
31 028
198 887
201 627
Mar
1 142
1 843
2 985
50 846
5 280
14 075
24 778
76 537
31 191
202 707
205 692
Apr
1 122
2 010
3 132
52 010
5 261
14 051
25 374
79 425
31 801
207 921
211 053
May
1 086
1 993
3 079
51 969
5 258
13 669
25 104
83 048
30 366
209 414
212 493
Jun
1 016
2 240
3 256
52 282
5 284
13 637
25 425
85 084
30 889
212 601
215 857
Jul
1 010
2 387
3 397
53 326
5 317
13 323
25 212
88 108
31 630
216 915
220 312
Aug
996
2 600
3 596
53 384
5 339
13 442
25 738
91 941
31 418
221 262
224 857
Sep
947
2 745
3 693
53 140
5 271
13 946
26 576
94 481
32 185
225 600
229 292
235 153
Oct
943
2 711
3 654
54 220
5 302
14 889
27 195
97 510
32 383
231 499
Nov
1 014
2 868
3 882
55 345
5 332
15 330
28 270
100 442
33 628
238 347
242 230
Dec
949
2 962
3 910
56 551
5 366
15 715
28 703
103 115
34 264
243 715
247 625
Jan
914
2 957
3 870
55 452
5 378
15 849
28 791
105 855
34 069
245 394
249 265
Feb
897
3 208
4 105
56 183
5 400
15 858
29 638
108 273
34 986
250 338
254 443
Mar
917
3 238
4 154
57 152
5 412
15 966
30 033
110 037
35 194
253 796
257 950
Apr
896
3 232
4 127
58 733
5 421
16 204
30 641
109 370
35 284
255 653
259 780
May
942
3 260
4 202
61 002
5 456
16 675
31 117
112 731
36 198
263 178
267 380
Jun
833
3 113
3 946
60 079
5 520
16 590
31 893
113 653
37 545
265 280
269 227
Jul
814
3 198
4 012
61 417
5 532
16 217
32 240
115 920
37 952
269 279
273 291
Aug
784
2 815
3 599
61 566
5 556
16 683
32 624
118 080
37 675
272 184
275 783
Sep*
769
2 712
3 481
61 778
5 565
17 532
33 242
118 239
38 892
275 248
278 729
Oct*
743
2 661
3 404
64 461
6 069
18 710
35 957
122 057
39 720
286 975
290 379
Nov*
732
2 675
3 407
65 942
6 107
19 019
37 157
124 251
41 430
293 906
297 314
1/ It refers to those insitutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
2/ Division by sectors, as defined by Circular-Letter 2,903, dated 3.23.2000.
3/ It includes direct admnistration, indirect admnistration and business activities.
4/ It refers to operations carried out with individuals and housing cooperatives. Operations channeled to real state developments are classified in the segment of industry.
5/ It refers to operations carried out with farmers and other individuals according to specific rural credit regulations.
6/ It excludes operations carried out with rural and housing sectors.
7/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
January 2007 | Boletim do Banco Central do Brasil |
87
II.23 – Foreign financial system credit operations 1/
Balance by economic activity2/
#####
R$ million
3/
Period
7/
Private sector
Public sector
Federal
State and
Public
government
municipal
sector
governments
total
Industry
4/
Housing
Rural
5/
Total
Commerce Individuals 6/
Other
Private
services
sector
total
2004
Dec
179
54
233
23 669
2 805
10 057
18 625
38 794
14 864
108 814
109 047
2005
Jan
177
53
230
23 683
2 868
10 152
18 634
39 536
15 223
110 095
110 325
Feb
167
61
227
23 664
2 875
10 210
19 146
40 152
15 236
111 282
111 510
Mar
170
89
259
23 467
2 894
10 484
18 997
41 218
15 964
113 024
113 283
Apr
181
275
456
23 668
2 921
10 709
18 895
42 130
16 877
115 201
115 657
May
191
220
411
23 946
2 951
10 744
19 112
43 493
16 657
116 903
117 314
Jun
175
332
507
24 353
2 956
10 596
19 438
44 416
17 510
119 268
119 775
Jul
174
347
521
25 705
2 996
10 510
19 826
45 215
18 023
122 275
122 796
Aug
174
352
526
25 896
3 035
10 479
19 990
46 466
18 672
124 537
125 064
Sep
165
329
494
25 111
3 066
10 586
20 443
47 757
19 320
126 284
126 778
Oct
244
242
486
25 921
3 094
10 643
20 731
48 862
20 023
129 274
129 760
Nov
246
246
492
26 224
3 124
10 766
21 143
50 023
20 841
132 121
132 613
Dec
237
291
528
26 144
3 152
11 067
21 032
51 556
22 671
135 622
136 150
Jan
236
361
597
25 662
3 186
11 085
20 098
52 531
22 884
135 446
136 043
Feb
200
418
618
25 180
3 262
11 243
20 494
53 255
22 890
136 323
136 941
Mar
231
412
643
25 319
3 235
11 503
20 957
54 341
23 203
138 559
139 201
Apr
228
391
619
26 241
3 273
11 536
21 161
58 404
23 328
143 944
144 562
May
245
402
647
27 102
3 307
11 663
21 738
59 979
23 836
147 625
148 272
Jun
295
443
738
26 622
3 323
11 702
22 150
59 958
24 029
147 784
148 522
Jul
295
494
789
26 986
3 367
11 987
22 694
61 599
24 232
150 864
151 653
Aug
292
426
717
27 342
3 383
12 095
22 760
63 043
24 199
152 821
153 539
Sep*
282
427
709
28 914
3 402
12 530
23 268
64 089
24 844
157 047
157 755
Oct*
276
426
702
26 138
2 964
12 204
22 165
65 063
23 658
152 192
152 894
Nov*
279
428
706
26 844
3 022
12 434
22 725
67 637
24 236
156 898
157 604
2006
1/ It refers to those insitutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
2/ Division by sectors, as defined by Circular-Letter 2,903, dated 3.23.2000.
3/ It includes direct admnistration, indirect admnistration and business activities.
4/ It refers to operations carried out with individuals and housing cooperatives. Operations channeled to real state developments are classified in the segment of industry.
5/ It refers to operations carried out with farmers and other individuals according to specific rural credit regulations.
6/ It excludes operations carried out with rural and housing sectors.
7/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
88 |
Boletim do Banco Central do Brasil
|
January 2007
II.24 – Financial system credit operations
Risk classification and provisions
#####
R$ million
Period
Normal
2/
3/
4/
Risk 1
Risk 2
Total credit
b
c
d = a + b+ c
5/
Default
6/
Participation %
Provisions
1/
risk
a
2004 Dec
446 048
35 664
17 010
498 722
e
a
d
f
15 646
31 710
89.4
b
d
7.2
c
d
3.4
b +c
d
10.6
e
d
f
d
3.1
6.4
2005 Jan
452 029
36 839
16 833
505 701
16 564
31 834
89.4
7.3
3.3
10.6
3.3
6.3
Feb
457 827
37 086
16 725
511 638
16 746
31 962
89.5
7.2
3.3
10.5
3.3
6.2
Mar
465 175
37 909
17 200
520 285
18 244
32 893
89.4
7.3
3.3
10.6
3.5
6.3
Apr
473 208
38 948
17 845
530 000
19 308
33 858
89.3
7.3
3.4
10.7
3.6
6.4
May
480 096
37 696
16 139
533 930
16 963
31 909
89.9
7.1
3.0
10.1
3.2
6.0
Jun
486 731
38 245
16 343
541 320
16 858
32 440
89.9
7.1
3.0
10.1
3.1
6.0
Jul
492 281
39 252
17 287
548 819
18 102
33 624
89.7
7.2
3.1
10.3
3.3
6.1
Aug
500 162
39 518
18 156
557 835
18 732
34 457
89.7
7.1
3.3
10.3
3.4
6.2
Sep
506 012
40 112
18 233
564 357
19 269
34 884
89.7
7.1
3.2
10.3
3.4
6.2
Oct
515 948
40 914
19 111
575 972
20 367
36 148
89.6
7.1
3.3
10.4
3.5
6.3
Nov
529 123
41 136
19 867
590 126
21 175
37 165
89.7
7.0
3.4
10.3
3.6
6.3
Dec
546 061
41 019
19 943
607 023
22 258
38 134
90.0
6.8
3.3
10.0
3.7
6.3
2006 Jan
546 161
41 469
21 100
608 730
22 448
39 560
89.7
6.8
3.5
10.3
3.7
6.5
Feb
552 425
41 598
21 650
615 673
22 765
40 388
89.7
6.8
3.5
10.3
3.7
6.6
Mar
560 457
42 911
22 423
625 791
23 948
41 586
89.6
6.9
3.6
10.4
3.8
6.6
Apr
569 692
44 260
23 490
637 441
25 661
43 109
89.4
6.9
3.7
10.6
4.0
6.8
May
584 954
45 164
24 011
654 130
26 063
44 123
89.4
6.9
3.7
10.6
4.0
6.7
Jun
589 722
45 631
23 157
658 511
24 784
43 877
89.6
6.9
3.5
10.4
3.8
6.7
Jul
600 781
44 888
23 846
669 515
25 530
44 024
89.7
6.7
3.6
10.3
3.8
6.6
Aug
604 561
44 739
25 002
674 302
26 297
44 979
89.7
6.6
3.7
10.3
3.9
6.7
Sep*
613 412
45 945
25 028
684 386
26 310
45 376
89.6
6.7
3.7
10.4
3.8
6.6
Oct*
626 802
44 710
25 991
697 504
27 539
46 215
89.9
6.4
3.7
10.1
3.9
6.6
Nov*
647 001
42 955
25 808
715 764
27 184
45 872
90.4
6.0
3.6
9.6
3.8
6.4
1/ Operations have been classified under risk levels AA to C.
2/ Operations have been classified under risk levels D to G.
3/ Operations have been classified under risk level H.
4/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
5/ Total credit matured by more than 90 days.
6/ Provisions are required starting from risk level A.
January 2007 | Boletim do Banco Central do Brasil |
89
II.25 – Public financial system credit operations1/
Risk classification and provisions
#####
R$ million
Period
Normal
Risk 1
3/
Risk 2
4/
5/
Total credit
6/
Default
7/
Participation %
Provisions
2/
risk
a
2004 Dec
164 273
d = a + b+ c
c
b
20 074
7 835
192 183
e
f
5 476
14 130
a
d
85.5
b
d
c
d
10.4
4.1
b +c
d
14.5
e
d
f
d
2.8
7.4
7.2
2005 Jan
168 180
20 452
7 679
196 311
5 937
14 041
85.7
10.4
3.9
14.3
3.0
Feb
170 106
20 687
7 709
198 501
5 880
14 163
85.7
10.4
3.9
14.3
3.0
7.1
Mar
172 390
21 002
7 919
201 310
6 892
14 397
85.6
10.4
3.9
14.4
3.4
7.2
Apr
173 612
21 375
8 303
203 289
7 286
14 822
85.4
10.5
4.1
14.6
3.6
7.3
May
174 791
21 434
7 899
204 123
5 947
14 448
85.6
10.5
3.9
14.4
2.9
7.1
Jun
175 997
21 750
7 940
205 688
5 787
14 517
85.6
10.6
3.9
14.4
2.8
7.1
Jul
175 552
22 086
8 073
205 711
6 094
14 717
85.3
10.7
3.9
14.7
3.0
7.2
Aug
177 193
22 180
8 542
207 914
6 362
15 054
85.2
10.7
4.1
14.8
3.1
7.2
7.2
Sep
177 547
22 359
8 381
208 287
6 433
15 038
85.2
10.7
4.0
14.8
3.1
Oct
179 901
22 498
8 661
211 059
6 800
15 607
85.2
10.7
4.1
14.8
3.2
7.4
Nov
184 079
22 090
9 115
215 284
7 097
16 038
85.5
10.3
4.2
14.5
3.3
7.4
Dec
192 099
21 920
9 229
223 248
8 415
16 855
86.0
9.8
4.1
14.0
3.8
7.6
2006 Jan
192 162
21 178
10 081
223 422
7 805
17 629
86.0
9.5
4.5
14.0
3.5
7.9
Feb
193 385
20 768
10 137
224 289
7 333
17 631
86.2
9.3
4.5
13.8
3.3
7.9
Mar
196 966
21 175
10 499
228 640
7 857
18 114
86.1
9.3
4.6
13.9
3.4
7.9
Apr
200 708
21 402
10 989
233 099
8 489
18 697
86.1
9.2
4.7
13.9
3.6
8.0
May
205 462
21 961
11 054
238 477
8 034
19 016
86.2
9.2
4.6
13.8
3.4
8.0
Jun
207 508
22 144
11 110
240 762
7 594
19 276
86.2
9.2
4.6
13.8
3.2
8.0
Jul
212 567
21 221
10 783
244 570
7 402
18 314
86.9
8.7
4.4
13.1
3.0
7.5
Aug
212 561
21 495
10 923
244 980
7 614
18 492
86.8
8.8
4.5
13.2
3.1
7.5
Sep*
215 044
21 751
11 106
247 901
7 732
18 820
86.7
8.8
4.5
13.3
3.1
7.6
Oct*
221 498
21 457
11 276
254 230
8 135
19 059
87.1
8.4
4.4
12.9
3.2
7.5
Nov*
231 121
19 221
10 505
260 846
8 134
17 976
88.6
7.4
4.0
11.4
3.1
6.9
1/ It refers to those institutions in which federal, state or municipal governments hold more than 50% of the voting capital, according to Circular-Letter 2,345, dated 1.25.1993.
2/ Operations have been classified under risk levels AA to C.
3/ Operations have been classified under risk levels D to G.
4/ Operations have been classified under risk level H.
5/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
6/ Total credit matured by more than 90 days.
7/ Provisions are required starting from risk level A.
90 |
Boletim do Banco Central do Brasil
|
January 2007
II.26 – National private financial system credit operations 1/
Risk classification and provisions
#####
R$ million
Period
Normal
3/
Risk 1
4/
Risk 2
Total credit
4/
Default
5/
Participation %
Provisions
2/
risk
a
2004 Dec
179 398
b
11 861
d = a +b + c
c
6 233
197 492
e
a
d
f
7 618
12 722
90.8
b +c
d
c
d
b
d
6.0
3.2
9.2
e
d
f
d
3.9
6.4
2005 Jan
180 420
12 357
6 287
199 065
8 037
12 917
90.6
6.2
3.2
9.4
4.0
6.5
Feb
182 939
12 522
6 166
201 627
8 288
12 902
90.7
6.2
3.1
9.3
4.1
6.4
Mar
186 425
13 016
6 251
205 692
8 658
13 395
90.6
6.3
3.0
9.4
4.2
6.5
Apr
191 092
13 523
6 439
211 053
9 183
13 832
90.5
6.4
3.1
9.5
4.4
6.6
May
195 537
11 896
5 060
211 053
8 152
12 113
92.0
5.6
2.4
8.0
3.9
5.7
Jun
198 274
12 234
5 348
215 857
7 750
12 620
91.9
5.7
2.5
8.1
3.6
5.8
Jul
201 743
12 539
6 030
220 312
8 579
13 382
91.6
5.7
2.7
8.4
3.9
6.1
Aug
205 830
12 740
6 288
224 857
8 791
13 712
91.5
5.7
2.8
8.5
3.9
6.1
Sep
209 822
13 109
6 361
229 292
9 105
14 059
91.5
5.7
2.8
8.5
4.0
6.1
6.2
Oct
214 822
13 566
6 765
235 153
9 678
14 556
91.4
5.8
2.9
8.6
4.1
Nov
221 302
13 967
6 961
242 230
10 011
14 951
91.4
5.8
2.9
8.6
4.1
6.2
Dec
227 160
13 671
6 794
247 625
9 608
14 900
91.7
5.5
2.7
8.3
3.9
6.0
2006 Jan
227 765
14 531
6 968
249 265
10 193
15 344
91.4
5.8
2.8
8.6
4.1
6.2
Feb
232 170
14 963
7 310
254 443
10 870
15 949
91.2
5.9
2.9
8.8
4.3
6.3
Mar
234 690
15 702
7 558
257 950
11 328
16 434
91.0
6.1
2.9
9.0
4.4
6.4
Apr
235 740
16 179
7 862
259 780
12 271
16 908
90.7
6.2
3.0
9.3
4.7
6.5
May
242 740
16 567
8 073
267 380
12 815
17 303
90.8
6.2
3.0
9.2
4.8
6.5
Jun
245 720
16 448
7 058
269 227
11 821
16 569
91.3
6.1
2.6
8.7
4.4
6.2
Jul
248 884
16 576
7 831
273 291
12 525
17 380
91.1
6.1
2.9
8.9
4.6
6.4
Aug
250 931
16 189
8 663
275 783
13 076
17 992
91.0
5.9
3.1
9.0
4.7
6.5
Sep*
254 031
16 284
8 413
278 729
12 842
17 899
91.1
5.8
3.0
8.9
4.6
6.4
Oct*
263 910
17 061
9 408
290 379
13 636
19 060
90.9
5.9
3.2
9.1
4.7
6.6
Nov*
269 944
17 394
9 975
297 314
13 642
19 714
90.8
5.9
3.4
9.2
4.6
6.6
1/ It refers to those institutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
2/ Operations have been classified under risk levels AA to C.
3/ Operations have been classified under risk levels D to G.
4/ Operations have been classified under risk level H.
5/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
6/ Total credit matured by more than 90 days.
7/ Provisions are required starting from risk level A.
January 2007 | Boletim do Banco Central do Brasil |
91
II.27 – Foreign financial system credit operations1/
Risk classification and provisions
#####
R$ million
Period
Normal
Risk 1
3/
Risk 2
4/
5/
Total credit
6/
Default
7/
Participation %
Provisions
2/
risk
a
d = a + b+ c
c
b
e
a
d
f
b +c
d
c
d
b
d
e
d
f
d
2004 Dec
102 377
3 729
2 941
109 047
2 552
4 858
93.9
3.4
2.7
6.1
2.3
4.5
2005 Jan
103 429
4 030
2 866
110 325
2 590
4 875
93.7
3.7
2.6
6.3
2.3
4.4
Feb
104 782
3 877
2 850
111 510
2 578
4 896
94.0
3.5
2.6
6.0
2.3
4.4
Mar
106 361
3 891
3 031
113 283
2 694
5 101
93.9
3.4
2.7
6.1
2.4
4.5
Apr
108 504
4 049
3 103
115 657
2 839
5 204
93.8
3.5
2.7
6.2
2.5
4.5
May
109 767
4 366
3 181
117 314
2 864
5 348
93.6
3.7
2.7
6.4
2.4
4.6
Jun
112 459
4 261
3 055
119 775
3 320
5 303
93.9
3.6
2.6
6.1
2.8
4.4
Jul
114 986
4 626
3 184
122 796
3 429
5 525
93.6
3.8
2.6
6.4
2.8
4.5
Aug
117 139
4 598
3 326
125 064
3 578
5 690
93.7
3.7
2.7
6.3
2.9
4.5
Sep
118 643
4 644
3 491
126 778
3 731
5 787
93.6
3.7
2.8
6.4
2.9
4.6
Oct
121 225
4 850
3 685
129 760
3 889
5 985
93.4
3.7
2.8
6.6
3.0
4.6
Nov
123 743
5 079
3 791
132 613
4 067
6 176
93.3
3.8
2.9
6.7
3.1
4.7
Dec
126 803
5 427
3 920
136 150
4 235
6 379
93.1
4.0
2.9
6.9
3.1
4.7
2006 Jan
126 234
5 760
4 050
136 043
4 450
6 587
92.8
4.2
3.0
7.2
3.3
4.8
Feb
126 870
5 867
4 204
136 941
4 563
6 809
92.6
4.3
3.1
7.4
3.3
5.0
Mar
128 801
6 033
4 367
139 201
4 763
7 037
92.5
4.3
3.1
7.5
3.4
5.1
Apr
133 244
6 679
4 639
144 562
4 902
7 505
92.2
4.6
3.2
7.8
3.4
5.2
May
136 752
6 636
4 884
148 272
5 214
7 805
92.2
4.5
3.3
7.8
3.5
5.3
Jun
136 494
7 039
4 989
148 522
5 369
8 032
91.9
4.7
3.4
8.1
3.6
5.4
Jul
139 330
7 091
5 232
151 653
5 603
8 331
91.9
4.7
3.5
8.1
3.7
5.5
Aug
141 068
7 055
5 416
153 539
5 607
8 495
91.9
4.6
3.5
8.1
3.7
5.5
Sep*
144 336
7 910
5 509
157 755
5 735
8 657
91.5
5.0
3.5
8.5
3.6
5.5
Oct*
141 395
6 192
5 307
152 894
5 768
8 096
92.5
4.0
3.5
7.5
3.8
5.3
Nov*
145 936
6 340
5 328
157 604
5 408
8 182
92.6
4.0
3.4
7.4
3.4
5.2
1/ It refers to those institutions which have under external control, either directly or indirectly, the majority of voting capital. It also includes those established and
headquartered abroad with agencies or branches in the country, according to Circular-Letter 2,345, dated 1.25.1993.
2/ Operations have been classified under risk levels AA to C.
3/ Operations have been classified under risk levels D to G.
4/ Operations have been classified under risk level H.
5/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
6/ Total credit matured by more than 90 days.
7/ Provisions are required starting from risk level A.
92 |
Boletim do Banco Central do Brasil
|
January 2007
II.28 – Financial system credit operations
Credit distribution by risk levels – November 2006*
Segment
Risk level
R$ million
%
AA
A
B
C
D
E
F
G
H
1/
Public sector
Previous month balance
Current month balance
18 513
18 690
56.7
57.0
11.6
11.0
12.3
12.4
1.6
1.6
10.5
10.2
0.3
0.6
0.0
0.0
0.0
0.0
7.0
7.1
Federal government
Previous month balance
Current month balance
4 344
4 336
95.2
97.3
2.5
0.4
0.0
0.5
2.1
1.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
14 169
14 354
44.9
44.8
14.4
14.2
16.0
16.0
1.4
1.6
13.6
13.3
0.4
0.8
0.0
0.0
0.0
0.0
9.2
9.2
Private sector
Previous month balance
Current month balance
678 991
697 075
22.6
23.7
39.9
39.8
17.1
17.3
10.6
9.8
3.0
2.6
1.5
1.5
1.0
0.9
0.9
0.8
3.6
3.5
Industry
Previous month balance
Current month balance
153 539
156 775
32.9
37.3
37.2
32.7
17.5
17.8
7.4
7.1
1.4
1.4
0.7
0.6
0.4
0.4
0.8
0.8
1.7
1.7
Housing
Previous month balance
Current month balance
34 733
35 242
13.2
13.2
38.9
39.3
11.4
11.5
21.7
21.5
5.1
4.9
1.2
1.1
1.0
0.9
0.9
0.9
6.6
6.7
Rural
Previous month balance
Current month balance
74 570
76 071
21.4
22.5
25.9
31.1
20.7
23.2
18.4
13.1
6.5
3.8
1.4
1.7
0.8
0.7
1.2
1.2
3.6
2.6
Commerce
Previous month balance
Current month balance
75 464
77 813
25.8
25.3
34.7
35.5
21.4
21.4
9.4
9.2
2.5
2.4
1.5
1.4
0.9
0.9
0.7
0.6
3.1
3.1
Individuals
Previous month balance
Current month balance
227 978
233 318
9.4
9.6
53.3
53.6
14.8
14.5
9.5
9.4
3.2
3.1
1.9
1.8
1.6
1.6
1.0
0.9
5.3
5.4
Other services
Previous month balance
Current month balance
112 706
117 855
36.6
36.0
29.3
30.8
17.6
17.5
9.1
8.8
2.2
2.0
1.7
1.8
0.6
0.5
0.5
0.5
2.3
2.1
697 504
715 764
23.5
24.5
39.1
39.1
17.0
17.2
10.3
9.6
3.2
2.8
1.4
1.4
0.9
0.9
0.8
0.8
3.7
3.6
State and municipal governments
Previous month balance
Current month balance
2/
Total
Previous month balance
Current month balance
1/ It includes direct admnistration, indirect admnistration and business activities.
2/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
Note: As far as the debtor is concerned, financial institutions credit ratings must take into account the following factors, among others: financial economic situation,
degree of indebtedness, economic activity sector, credit limit, type of credit operation, type of guaranties and amount of credit, as well as income status, wealth and
reference file in the case of individuals. Operations in arrears are classified according to their risk level, as following:
a) between 15 and 30 days: at least risk level B;
b) between 31 and 60 days: at least risk level C;
c) between 61 and 90 days: at least risk level D;
d) between 91 and 120 days: at least risk level E;
e) between 121 and 150 days: at least risk level F;
f) between 151 and 180 days: at least risk level G;
g) more than 180 days: risk level H.
January 2007 | Boletim do Banco Central do Brasil |
93
II.29 – Public financial system credit operations1/
Credit distribution by risk levels – November 2006*
Segment
Risk level
R$ million
%
AA
A
B
C
D
E
F
G
H
2/
Public sector
Previous month balance
Current month balance
14 407
14 576
50.2
50.8
11.5
10.7
14.4
14.6
1.0
1.1
13.3
13.0
0.4
0.8
0.0
0.0
0.0
0.0
9.1
9.1
Federal government
Previous month balance
Current month balance
3 325
3 325
97.0
99.8
2.9
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11 082
11 252
36.2
36.3
14.1
13.9
18.7
18.9
1.3
1.4
17.3
16.9
0.6
1.0
0.0
0.0
0.0
0.0
11.8
11.8
Private sector
Previous month balance
Current month balance
239 824
246 270
18.1
21.4
32.4
31.6
23.3
24.2
13.9
12.1
4.4
3.3
1.7
1.7
0.8
0.7
1.2
1.2
4.2
3.7
Industry
Previous month balance
Current month balance
62 940
63 990
21.1
32.0
45.9
35.9
21.5
21.3
5.5
5.2
1.3
1.1
0.7
0.6
0.3
0.4
1.7
1.7
1.8
1.9
Housing
Previous month balance
Current month balance
25 700
26 113
2.8
2.8
40.5
40.9
13.9
13.9
26.7
26.6
6.1
5.8
1.2
1.1
0.8
0.8
0.9
0.9
7.1
7.2
Rural
Previous month balance
Current month balance
43 656
44 617
17.8
19.3
22.1
30.3
23.5
28.4
18.1
9.4
9.0
4.5
1.7
2.2
1.0
0.7
1.6
1.6
5.1
3.5
Commerce
Previous month balance
Current month balance
17 342
17 931
13.8
14.5
27.0
27.5
40.9
40.9
5.3
4.8
3.7
3.3
1.8
1.7
1.5
1.6
1.3
1.1
4.6
4.7
Individuals
Previous month balance
Current month balance
40 859
41 430
2.6
2.8
22.1
21.7
31.4
31.7
27.8
28.2
5.8
5.6
2.1
2.0
1.4
1.4
0.9
0.9
5.9
5.7
Other services
Previous month balance
Current month balance
49 327
52 189
36.7
36.6
30.7
32.1
17.6
17.8
5.5
5.1
2.4
2.0
2.7
2.8
0.5
0.4
0.7
0.7
3.2
2.5
254 230
260 846
19.9
23.0
31.3
30.4
22.8
23.7
13.1
11.4
4.9
3.9
1.6
1.7
0.8
0.7
1.2
1.1
4.4
4.0
State and municipal governments
Previous month balance
Current month balance
3/
Total
Previous month balance
Current month balance
1/ It refers to those institutions in which federal, state or municipal governments hold more than 50% of the voting capital, according to Circular-Letter 2,345, dated 1.25.1993.
2/ It includes direct admnistration, indirect admnistration and business activities.
3/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
Note: As far as the debtor is concerned, financial institutions credit ratings must take into account the following factors, among others: financial economic situation,
degree of indebtedness, economic activity sector, credit limit, type of credit operation, type of guaranties and amount of credit, as well as income status, wealth and
reference file in the case of individuals. Operations in arrears are classified according to their risk level, as following:
a) between 15 and 30 days: at least risk level B;
b) between 31 and 60 days: at least risk level C;
c) between 61 and 90 days: at least risk level D;
d) between 91 and 120 days: at least risk level E;
e) between 121 and 150 days: at least risk level F;
f) between 151 and 180 days: at least risk level G;
g) more than 180 days: risk level H.
94 |
Boletim do Banco Central do Brasil
|
January 2007
II.30 – National private financial system credit operations1/
Credit distribution by risk levels – November 2006*
Segment
Risk level
R$ million
%
AA
A
B
C
D
E
F
G
H
2/
Public sector
Previous month balance
Current month balance
3 404
3 407
82.1
81.8
10.6
10.7
5.7
5.1
1.6
2.2
0.1
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
Federal government
Previous month balance
Current month balance
743
732
100.0
100.0
0.0
-
0.0
0.0
0.0
0.0
-
-
0.0
-
-
0.0
0.0
2 661
2 675
77.1
76.8
13.5
13.7
7.3
6.5
2.0
2.8
0.1
0.0
0.0
0.1
0.0
0.0
-
0.0
0.0
Private sector
Previous month balance
Current month balance
286 975
293 906
20.7
20.9
45.3
45.6
15.2
14.9
9.6
9.4
2.5
2.5
1.5
1.5
1.3
1.3
0.7
0.7
3.3
3.4
Industry
Previous month balance
Current month balance
64 461
65 942
37.8
38.1
30.1
29.7
16.9
17.4
10.5
9.9
1.6
1.9
0.8
0.7
0.5
0.6
0.2
0.2
1.6
1.6
Housing
Previous month balance
Current month balance
6 069
6 107
29.5
29.9
41.5
41.5
5.1
5.4
9.6
9.2
2.9
2.9
1.4
1.3
1.8
1.8
1.1
1.1
7.0
7.0
Rural
Previous month balance
Current month balance
18 710
19 019
25.6
26.2
34.1
35.0
15.9
14.7
16.4
16.2
3.4
3.4
1.3
1.2
0.7
0.8
1.0
1.0
1.6
1.5
Commerce
Previous month balance
Current month balance
35 957
37 157
28.7
28.5
34.3
34.9
16.3
16.2
13.0
12.6
2.3
2.3
1.3
1.3
0.9
0.9
0.5
0.5
2.7
2.8
Individuals
Previous month balance
Current month balance
122 057
124 251
4.1
4.4
64.4
64.3
13.3
12.8
5.3
5.3
2.9
2.9
2.2
2.2
2.0
2.0
1.0
1.0
4.9
5.2
Other services
Previous month balance
Current month balance
39 720
41 430
32.8
32.2
27.3
29.5
18.5
17.3
15.3
14.9
2.4
2.3
1.0
0.9
0.7
0.7
0.3
0.3
1.8
1.8
290 379
297 314
21.4
21.6
44.9
45.2
15.1
14.8
9.5
9.3
2.5
2.5
1.5
1.4
1.3
1.3
0.7
0.6
3.2
3.4
State and municipal governments
Previous month balance
Current month balance
3/
Total
Previous month balance
Current month balance
1/ It refers to those institutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
2/ It includes direct admnistration, indirect admnistration and business activities.
3/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
Note: As far as the debtor is concerned, financial institutions credit ratings must take into account the following factors, among others: financial economic situation,
degree of indebtedness, economic activity sector, credit limit, type of credit operation, type of guaranties and amount of credit, as well as income status, wealth and
reference file in the case of individuals. Operations in arrears are classified according to their risk level, as following:
a) between 15 and 30 days: at least risk level B;
b) between 31 and 60 days: at least risk level C;
c) between 61 and 90 days: at least risk level D;
d) between 91 and 120 days: at least risk level E;
e) between 121 and 150 days: at least risk level F;
f) between 151 and 180 days: at least risk level G;
g) more than 180 days: risk level H.
January 2007 | Boletim do Banco Central do Brasil |
95
II.31 – Foreign financial system credit operations1/
Credit distribution by risk levels – November 2006*
Segment
Risk level
R$ million
%
AA
A
B
C
D
E
F
G
H
2/
Public sector
Previous month balance
Current month balance
702
706
66.0
66.4
18.4
18.0
0.5
3.3
13.4
10.4
1.7
1.6
0.0
0.3
0.0
0.0
0.0
0.0
0.0
0.0
Federal government
Previous month balance
Current month balance
276
279
61.2
61.4
5.4
5.5
0.0
7.3
33.3
25.6
0.0
0.2
0.0
0.0
0.0
0.0
0.0
-
0.0
0.0
State and municipal governments
Previous month balance
Current month balance
426
428
69.1
69.7
26.8
26.1
0.8
0.8
0.5
0.5
2.8
2.5
0.0
0.4
0.0
-
0.0
0.0
0.0
0.0
Private sector
Previous month balance
Current month balance
152 192
156 898
33.2
32.4
41.3
42.1
10.8
11.0
7.2
7.0
1.8
1.8
1.0
1.0
0.7
0.7
0.6
0.6
3.5
3.4
Industry
Previous month balance
Current month balance
26 138
26 844
49.1
48.3
33.7
32.8
8.9
10.4
4.3
4.8
1.1
1.2
0.7
0.7
0.3
0.2
0.2
0.2
1.6
1.5
Housing
Previous month balance
Current month balance
2 964
3 022
70.1
69.7
19.4
20.7
2.9
2.7
3.3
2.6
0.9
0.9
0.6
0.6
0.5
0.4
0.4
0.4
1.9
1.9
Rural
Previous month balance
Current month balance
12 204
12 434
28.2
28.3
27.2
27.8
17.9
17.5
22.3
21.8
2.1
2.0
0.5
0.8
0.4
0.5
0.2
0.2
1.1
1.1
Commerce
Previous month balance
Current month balance
22 165
22 725
30.6
28.7
41.4
42.8
14.4
14.3
6.7
7.3
1.9
1.9
1.4
1.5
0.5
0.6
0.5
0.4
2.6
2.5
Individuals
Previous month balance
Current month balance
65 063
67 637
23.4
23.3
52.2
53.4
7.4
7.2
6.1
5.5
2.1
2.0
1.1
1.1
1.0
1.0
0.9
0.9
5.8
5.6
Other services
Previous month balance
Current month balance
23 658
24 236
42.8
41.1
29.8
30.2
16.0
17.2
6.4
6.5
1.7
1.7
0.9
0.9
0.5
0.4
0.3
0.3
1.6
1.6
152 894
157 604
33.3
32.5
41.2
42.0
10.7
11.0
7.2
7.0
1.8
1.8
1.0
1.0
0.7
0.7
0.6
0.6
3.5
3.4
3/
Total
Previous month balance
Current month balance
1/ It refers to those institutions which have under external control, either directly or indirectly, the majority of voting capital. It also includes those established and
headquartered abroad with agencies or branches in the country, according to Circular-Letter 2,345, dated 1.25.1993.
2/ It includes direct admnistration, indirect admnistration and business activities.
3/ It refers to financial system credit based on the accounting report Economic and Financial Statistics (Estfin), mandatory appendix of the financial
institutions' monthly statement of account. The only exception is the granting to financial intermediaries. Earmarked and non-earmarked resources are included.
Note: As far as the debtor is concerned, financial institutions credit ratings must take into account the following factors, among others: financial economic situation,
degree of indebtedness, economic activity sector, credit limit, type of credit operation, type of guaranties and amount of credit, as well as income status, wealth and
reference file in the case of individuals. Operations in arrears are classified according to their risk level, as following:
a) between 15 and 30 days: at least risk level B;
b) between 31 and 60 days: at least risk level C;
c) between 61 and 90 days: at least risk level D;
d) between 91 and 120 days: at least risk level E;
e) between 121 and 150 days: at least risk level F;
f) between 151 and 180 days: at least risk level G;
g) more than 180 days: risk level H.
96 |
Boletim do Banco Central do Brasil
|
January 2007
II.32 – Financial system credit operations
Provisions by risk levels
#####
R$ million
Period
Level AA
Level A
Level B
Level C
Level D
Level E
Level F
Level G
Level H
Total
2004
Dec
110
1 020
1 058
2 098
2 841
2 207
2 454
3 087
16 835
31 710
2005
Jan
109
1 016
1 048
2 090
2 967
2 199
2 601
3 167
16 638
31 834
Feb
114
1 036
1 053
2 123
2 978
2 214
2 584
3 341
16 519
31 962
Mar
117
1 065
1 100
2 216
3 013
2 349
2 628
3 434
16 970
32 893
Apr
118
1 092
1 099
2 205
3 101
2 451
2 633
3 553
17 607
33 858
May
142
1 139
1 131
2 360
2 780
2 466
2 584
3 417
15 889
31 909
Jun
152
1 175
1 135
2 317
2 895
2 284
2 890
3 541
16 049
32 440
Jul
160
1 186
1 144
2 424
2 979
2 389
2 786
3 539
17 018
33 624
Aug
173
1 191
1 155
2 387
3 005
2 433
2 861
3 364
17 889
34 457
Sep
166
1 199
1 179
2 396
2 970
2 532
3 059
3 422
17 961
34 884
Oct
82
1 203
1 200
2 508
3 034
2 574
3 138
3 568
18 840
36 148
Nov
159
1 226
1 146
2 469
3 054
2 619
3 241
3 653
19 598
37 165
Dec
197
1 274
1 316
2 546
2 797
2 910
3 563
3 825
19 705
38 134
Jan
216
1 262
1 322
2 534
2 871
3 027
3 614
3 886
20 829
39 560
Feb
215
1 282
1 327
2 530
2 860
3 047
3 654
4 102
21 373
40 388
Mar
209
1 305
1 355
2 566
3 012
3 162
3 778
4 049
22 148
41 586
Apr
211
1 310
1 323
2 614
3 082
3 323
3 878
4 162
23 207
43 109
May
212
1 371
1 275
2 638
3 057
3 534
4 043
4 274
23 719
44 123
Jun
198
1 355
1 370
2 686
3 091
3 405
3 872
5 030
22 869
43 877
Jul
199
1 389
1 358
2 702
3 081
3 476
3 701
4 580
23 538
44 024
Aug
197
1 404
1 386
2 741
3 082
3 467
3 843
4 167
24 693
44 979
Sep*
120
1 466
1 456
2 699
3 138
3 560
3 789
4 437
24 711
45 376
Oct*
96
1 501
1 471
2 759
2 964
3 546
3 825
4 381
25 672
46 215
Nov*
98
1 519
1 521
2 608
2 827
3 656
3 805
4 352
25 485
45 872
2006
Note: Provisions for non-performing loans must be on a monthly basis in order to cover probable losses during the payment of credits.
Provisions cannot be lower than the amounts obtained when applying the following percentages:
I - 0.5% on the value of operations classified as risk level A;
II - 1% on the value of operations classified as risk level B;
III - 3% on the value of operations classified as risk level C;
IV - 10% on the value of operations classified as risk level D;
V - 30% on the value of operations classified as risk level E;
VI - 50% on the value of operations classified as risk level F;
VII - 70% on the value of operations classified as risk level G;
VIII - 100% on the value of operations classified as risk level H.
January 2007 | Boletim do Banco Central do Brasil |
97
II.33 – Public financial system credit operations 1/
Provisions by risk levels
#####
R$ million
Period
2004
2005
2006
Dec
Level AA
Level A
Level B
Level C
Level D
Level E
Level F
Level G
Level H
Total
-
273
449
735
1 293
967
841
1 729
7 843
14 130
Jan
-
271
465
750
1 339
926
890
1 749
7 652
14 041
Feb
-
276
469
754
1 346
931
870
1 835
7 681
14 163
Mar
-
282
483
765
1 380
971
851
1 774
7 891
14 397
Apr
-
284
480
782
1 431
953
856
1 765
8 272
14 822
May
-
289
491
767
1 432
954
863
1 786
7 866
14 448
Jun
-
308
476
754
1 486
785
1 076
1 773
7 859
14 517
Jul
-
302
473
794
1 532
811
918
1 848
8 040
14 717
Aug
-
309
479
777
1 552
854
933
1 642
8 509
15 054
Sep
-
311
488
752
1 525
903
1 039
1 675
8 346
15 038
Oct
-
312
497
828
1 494
931
1 098
1 822
8 626
15 607
Nov
-
313
510
825
1 468
846
1 146
1 852
9 079
16 038
Dec
31
336
506
829
1 266
1 118
1 414
2 133
9 220
16 855
Jan
32
333
546
849
1 220
1 092
1 408
2 081
10 068
17 629
Feb
32
337
555
848
1 212
1 057
1 349
2 118
10 123
17 631
Mar
32
343
562
892
1 217
1 152
1 376
2 058
10 483
18 114
Apr
32
334
587
924
1 232
1 133
1 403
2 079
10 972
18 697
May
31
352
601
944
1 252
1 205
1 402
2 192
11 036
19 016
Jun
32
357
600
980
1 274
1 201
1 092
2 644
11 097
19 276
Jul
33
372
596
1 000
1 281
1 173
1 067
2 024
10 769
18 314
Aug
33
374
597
1 035
1 312
1 226
1 034
1 971
10 910
18 492
Sep*
33
384
606
1 035
1 317
1 240
1 049
2 065
11 091
18 820
Oct*
33
404
614
1 068
1 286
1 234
1 031
2 126
11 261
19 059
Nov*
33
404
651
951
1 062
1 338
961
2 108
10 470
17 976
1/ It refers to those institutions in which federal, state or municipal governments hold more than 50% of the voting capital, according to Circular-Letter 2,345, dated 1.25.1993.
Note: Provisions for non-performing loans must be on a monthly basis in order to cover probable losses during the payment of credits.
Provisions cannot be lower than the amounts obtained when applying the following percentages:
I - 0.5% on the value of operations classified as risk level A;
II - 1% on the value of operations classified as risk level B;
III - 3% on the value of operations classified as risk level C;
IV - 10% on the value of operations classified as risk level D;
V - 30% on the value of operations classified as risk level E;
VI - 50% on the value of operations classified as risk level F;
VII - 70% on the value of operations classified as risk level G;
VIII - 100% on the value of operations classified as risk level H.
98 |
Boletim do Banco Central do Brasil
|
January 2007
II.34 – National private financial system credit operations1/
Provisions by risk levels
#####
R$ million
Period
Level AA
Level A
Level B
Level C
Level D
Level E
Level F
Level G
Level H
Total
961
1 315
977
6 051
12 722
2004
Dec
80
514
383
1 112
1 329
2005
Jan
75
509
356
1 081
1 390
974
1 387
1 024
6 120
12 917
Feb
77
523
356
1 086
1 407
1 006
1 372
1 088
5 988
12 902
Mar
79
542
383
1 150
1 400
1 081
1 450
1 263
6 048
13 395
Apr
76
564
377
1 134
1 427
1 166
1 460
1 397
6 232
13 832
May
74
608
389
1 298
1 100
1 173
1 375
1 255
4 842
12 113
Jun
83
621
396
1 236
1 162
1 194
1 436
1 357
5 135
12 620
Jul
87
634
405
1 289
1 176
1 244
1 495
1 259
5 794
13 382
Aug
100
625
400
1 283
1 188
1 240
1 543
1 278
6 054
13 712
Sep
85
628
410
1 325
1 209
1 326
1 636
1 315
6 125
14 059
Oct
80
630
418
1 314
1 288
1 331
1 681
1 285
6 530
14 556
Nov
77
648
434
1 294
1 338
1 401
1 709
1 323
6 728
14 951
Dec
81
673
601
1 367
1 262
1 404
1 746
1 202
6 564
14 900
Jan
102
670
560
1 331
1 364
1 525
1 794
1 287
6 711
15 344
Feb
99
684
552
1 316
1 361
1 558
1 890
1 442
7 047
15 949
Mar
92
699
576
1 307
1 498
1 591
1 954
1 419
7 298
16 434
Apr
92
697
511
1 304
1 498
1 721
1 996
1 495
7 595
16 908
May
92
724
446
1 320
1 481
1 798
2 133
1 511
7 798
17 303
Jun
91
704
543
1 340
1 470
1 688
2 200
1 750
6 783
16 569
Jul
88
713
540
1 321
1 459
1 764
2 091
1 866
7 537
17 380
Aug
86
720
562
1 327
1 429
1 727
2 224
1 549
8 367
17 992
Sep*
86
749
630
1 304
1 407
1 809
2 109
1 693
8 111
17 899
Oct*
62
766
660
1 325
1 389
1 842
2 278
1 635
9 103
19 060
Nov*
64
769
663
1 290
1 473
1 820
2 312
1 636
9 688
19 714
2006
1/ It refers to those institutions in which individuals or corporate entities domiciled and resident in the country hold more than 50% of the voting capital,
according to Circular-Letter 2,345, dated 1.25.1993.
Note: Provisions for non-performing loans must be on a monthly basis in order to cover probable losses during the payment of credits.
Provisions cannot be lower than the amounts obtained when applying the following percentages:
I - 0.5% on the value of operations classified as risk level A;
II - 1% on the value of operations classified as risk level B;
III - 3% on the value of operations classified as risk level C;
IV - 10% on the value of operations classified as risk level D;
V - 30% on the value of operations classified as risk level E;
VI - 50% on the value of operations classified as risk level F;
VII - 70% on the value of operations classified as risk level G;
VIII - 100% on the value of operations classified as risk level H.
January 2007 | Boletim do Banco Central do Brasil |
99
II.35 – Foreign financial system credit operations1/
Provisions by risk levels
#####
R$ million
Period
Level AA
Level A
Level B
Level C
Level D
Level E
Level F
Level G
Level H
Total
2004
Dec
29
232
226
252
219
279
298
381
2 941
4 858
2005
Jan
33
236
227
258
238
300
323
393
2 866
4 875
Feb
37
236
228
283
224
278
342
418
2 850
4 896
Mar
39
241
235
301
233
297
328
397
3 031
5 101
Apr
43
244
242
289
243
332
317
391
3 103
5 204
May
68
242
252
296
248
340
347
376
3 181
5 348
Jun
70
245
263
328
247
306
378
411
3 055
5 303
Jul
73
250
266
340
271
334
374
432
3 184
5 525
Aug
72
257
276
327
265
339
385
443
3 326
5 690
Sep
81
260
280
320
236
304
384
432
3 491
5 787
Oct
2
261
286
366
252
312
359
462
3 685
5 985
Nov
83
265
202
349
248
373
386
478
3 792
6 176
Dec
85
264
209
350
268
387
403
490
3 921
6 379
Jan
83
259
216
354
287
409
411
518
4 050
6 587
Feb
84
261
220
365
286
433
415
542
4 203
6 809
Mar
85
264
218
367
297
420
448
573
4 367
7 037
Apr
87
278
224
386
352
470
480
589
4 639
7 505
May
88
296
227
374
324
531
508
571
4 884
7 805
Jun
76
294
227
366
347
516
581
636
4 989
8 032
Jul
78
304
222
381
341
538
544
690
5 232
8 331
Aug
77
309
226
378
342
513
586
647
5 416
8 495
Sep*
1
333
220
360
415
510
631
678
5 509
8 657
Oct*
1
331
197
365
288
469
516
620
5 307
8 096
Nov*
1
347
207
368
292
499
533
608
5 328
8 182
2006
1/ It refers to those institutions which have under external control, either directly or indirectly, the majority of voting capital. It also includes those established and
headquartered abroad with agencies or branches in the country, according to Circular-Letter 2,345, dated 1.25.1993.
Note: Provisions for non-performing loans must be on a monthly basis in order to cover probable losses during the payment of credits.
Provisions cannot be lower than the amounts obtained when applying the following percentages:
I - 0.5% on the value of operations classified as risk level A;
II - 1% on the value of operations classified as risk level B;
III - 3% on the value of operations classified as risk level C;
IV - 10% on the value of operations classified as risk level D;
V - 30% on the value of operations classified as risk level E;
VI - 50% on the value of operations classified as risk level F;
VII - 70% on the value of operations classified as risk level G;
VIII - 100% on the value of operations classified as risk level H.
100 |
Boletim do Banco Central do Brasil
|
January 2007
II.36 – Interest rate reference credit operations 1/
Summary
###
Period
Volume
Accumulated grantings
Rate
Spread
Average term
(R$ billion)
(R$ billion)
(%p.y.)
(p.p.)
(calendar days)
2/
Corp
Ind
3/
Total
Corp
2/
Ind
3/
Total
2/
Corp
Ind
3/
Aver-
2/
Corp
Ind
3/
age
Aver-
Corp
2/
3/
Ind
age
Aver-
Default
(%)
Corp
2/
Ind
3/
age
Average
2004 Dec
158.1
113.3
271.4
72.3
35.3
107.6
31.0
60.5
44.6
13.0
42.9
26.8
189
296
233
1.8
6.1
3.6
2005 Jan
160.5
117.0
277.5
66.2
33.0
99.2
32.2
62.0
46.2
13.9
43.8
27.9
190
294
234
1.8
6.1
3.6
Feb
163.6
121.3
284.9
61.8
31.9
93.6
32.4
61.8
46.4
13.5
43.2
27.6
190
293
234
1.7
5.9
3.5
Mar
165.5
125.5
291.1
71.2
37.1
108.2
32.9
61.6
46.7
13.7
42.9
27.7
189
294
234
2.0
6.1
3.8
Apr
169.6
129.8
299.5
69.3
35.3
104.6
33.3
61.7
47.1
13.7
42.6
27.7
187
295
234
2.3
6.1
4.0
May
167.9
134.2
302.1
73.0
38.6
111.6
33.7
62.5
47.8
13.8
43.6
28.4
190
295
237
1.7
5.9
3.6
Jun
169.9
136.6
306.5
72.8
38.7
111.5
33.4
61.3
47.3
13.6
42.9
28.1
195
300
242
1.7
6.0
3.6
Jul
172.1
140.3
312.3
68.4
37.3
105.7
33.0
61.3
47.2
13.4
43.1
28.2
202
304
248
1.8
6.1
3.7
Aug
172.4
145.2
317.5
74.1
40.7
114.7
33.2
61.1
47.4
13.7
42.9
28.5
208
307
253
1.9
6.3
3.9
Sep
174.7
148.7
323.4
72.8
39.6
112.4
33.3
62.1
48.1
14.1
44.0
29.4
206
307
253
2.0
6.5
4.1
Oct
178.3
151.8
330.1
71.9
37.9
109.8
33.4
61.7
48.2
14.5
43.9
29.8
212
309
257
1.9
6.5
4.0
Nov
182.1
155.9
338.0
75.6
39.9
115.5
32.4
60.4
47.1
14.2
43.2
29.4
214
310
258
2.1
6.8
4.3
Dec
185.4
155.2
340.6
80.0
41.0
121.0
31.7
59.3
45.9
14.0
42.8
28.8
218
319
264
2.0
6.7
4.2
4.4
2006 Jan
183.3
160.6
343.9
72.3
40.0
112.3
31.3
59.7
46.1
14.5
43.7
29.7
220
318
266
2.2
6.9
Feb
186.5
163.8
350.3
62.5
34.8
97.3
31.6
59.2
46.2
15.1
43.7
30.2
219
320
266
2.2
7.2
4.5
Mar
189.2
168.1
357.3
82.9
46.3
129.3
30.7
59.0
45.7
14.7
44.0
30.2
220
322
268
2.2
7.3
4.6
4.7
Apr
193.5
172.0
365.4
71.0
38.3
109.3
30.6
57.8
45.0
14.8
42.9
29.7
218
324
268
2.3
7.5
May
197.9
175.5
373.4
82.5
44.2
126.6
29.7
56.1
43.8
14.0
41.1
28.5
222
327
271
2.4
7.7
4.9
Jun
199.0
177.2
376.2
75.8
40.9
116.7
28.8
55.8
43.2
13.5
40.6
28.0
219
331
272
2.3
7.2
4.6
Jul
201.4
180.5
381.8
76.2
40.5
116.7
28.3
54.3
42.2
13.4
39.7
27.5
218
341
276
2.4
7.5
4.8
5.0
Aug
199.8
184.1
383.9
80.0
43.2
123.2
27.9
53.9
41.9
13.4
39.6
27.5
222
344
280
2.6
7.6
Sep*
204.6
186.7
391.3
77.0
41.0
118.0
27.3
53.8
41.5
13.5
40.1
27.8
224
346
282
2.8
7.7
5.1
Oct*
206.9
189.0
395.9
82.3
43.3
125.5
27.4
53.1
41.2
13.8
39.9
27.8
223
349
283
2.8
7.6
5.1
Nov* * 212.2
192.0
404.3
81.5
43.5
125.0
26.6
53.0
40.7
13.4
40.1
27.6
223
355
286
2.8
7.7
5.1
1/ Nonearmarked resources defined according to Circular 2,957 dated 12.30.1999.
2/ Corporate.
3/ Individuals.
January 2007 | Boletim do Banco Central do Brasil |
101
II.37 – Interest rate reference credit operations
Total volume by modality – Corporate1/
#####
R$ million
Period
Hot Discount
money
Discount Working Guaran-
of trade of promis-
capitalteed over
bills sory notes
draft
Real
estate
Acqui- Vendor Others2/
Advances Export
sition
on
financ- of goods
accounts
ing
notes
Foreign
Import
Total
lending financing
export
and
contracts
others
2004
Dec
387
10 388
222
40 218
25 096
427
8 003 10 255
16 888
24 036
156
13 711
8 325
158 113
2005
Jan
357
9 443
202
40 778
26 258
437
8 259 10 092
17 235
24 519
149
14 616
8 181
160 527
Feb
419
9 277
182
41 799
26 884
436
8 523 10 052
17 534
25 305
149
14 996
8 051
163 606
Mar
398
9 609
194
42 868
26 220
447
8 807
17 945
25 875
167
15 588
7 827
165 532
2006
Apr
421
10 099
199
43 907
27 392
472
9 135
9 677
18 767
26 208
159
15 397
7 799
169 633
May
405
9 912
206
43 506
28 211
474
9 219
9 205
18 684
25 628
46
14 919
7 468
167 884
Jun
423
9 997
197
44 489
28 379
489
9 446
8 898
19 788
25 315
37
14 902
7 507
169 865
Jul
511
9 977
220
45 485
28 514
499
9 596
8 579
20 178
25 029
40
15 613
7 847
172 088
Aug
395
9 858
220
46 340
27 897
557
9 693
8 893
20 436
24 879
44
15 354
7 802
172 370
Sep
428
10 194
213
47 405
29 166
554
9 826
9 133
21 541
23 629
42
15 014
7 517
174 663
Oct
487
10 162
220
47 895
30 121
519
10 075
9 097
21 570
24 610
55
15 536
7 965
178 313
Nov
461
10 409
217
50 266
30 434
525
10 572
9 546
22 653
23 508
53
15 650
7 817
182 111
Dec
469
10 958
220
51 491
29 732
609
11 152
9 987
22 728
23 856
57
16 041
8 143
185 444
Jan
366
9 924
206
51 197
30 324
623
11 277
9 541
22 605
23 398
54
15 612
8 150
183 278
Feb
424
10 384
215
52 415
31 295
709
11 670
9 951
23 102
23 231
36
15 017
8 003
186 452
Mar
393
10 427
214
52 731
30 531
652
11 995
9 791
23 640
23 970
41
16 556
8 261
189 203
Apr
297
10 738
147
53 130
31 843
637
12 073
9 725
24 525
24 969
40
17 083
8 250
193 456
May
297
10 574
152
54 611
31 355
648
12 194
9 590
24 992
26 284
44
17 852
9 321
197 913
Jun
310
10 763
162
55 853
32 551
612
12 358 10 126
25 868
25 036
40
16 676
8 632
198 986
Jul
393
10 543
158
56 588
32 479
600
12 634 10 241
24 698
26 619
40
17 696
8 666
201 353
Aug
358
10 802
164
56 562
31 791
627
13 255 10 148
24 871
25 479
12
17 263
8 463
199 796
Sep*
439
11 257
175
58 084
32 100
652
13 475 10 218
25 525
25 102
1
18 749
8 867
204 644
Oct*
394
11 310
173
59 719
32 551
681
13 458 10 463
24 914
25 499
1
19 117
8 618
206 900
Nov* *
370
11 364
165
62 459
33 257
706
13 534 10 649
26 098
25 531
1
19 415
8 684
212 235
1/ End-of-period balance.
2/ It refers to operations with internal resources.
102 |
9 587
Boletim do Banco Central do Brasil
|
January 2007
II.38 – Interest rate reference credit operations
Total volume by modality – Individuals 1/
###
R$ million
Period
Overdraft
Personal
Real
accounts
credit
2/
estate
Acquisition of goods
Credit
Others
Total
card
financing
Vehicles
Others
Total
2004 Dec
9 800
43 423
1 080
38 065
7 225
45 290
8 207
5 471
113 272
2005 Jan
10 567
44 781
1 076
38 855
7 375
46 230
8 711
5 621
116 987
Feb
11 071
47 218
1 072
39 340
7 313
46 653
9 440
5 834
121 288
Mar
11 502
49 965
1 057
40 221
7 394
47 615
9 231
6 177
125 547
Apr
11 550
52 333
1 041
40 958
7 578
48 535
9 942
6 437
129 839
May
12 044
54 345
1 051
41 795
7 992
49 787
10 051
6 889
134 167
Jun
11 790
55 426
1 049
42 723
8 351
51 074
10 196
7 097
136 632
Jul
11 647
57 270
1 023
43 636
8 824
52 460
10 512
7 349
140 260
Aug
12 265
59 015
1 037
45 044
9 416
54 460
10 687
7 702
145 166
Sep
12 297
60 531
948
46 218
9 471
55 689
11 211
8 016
148 692
Oct
12 509
61 650
947
47 406
9 621
57 027
11 495
8 144
151 773
Nov
12 527
63 255
947
48 935
10 031
58 966
11 774
8 414
155 884
Dec
10 974
63 444
956
50 685
10 229
60 914
11 260
7 643
155 190
2006 Jan
12 232
65 010
900
51 938
10 241
62 179
11 882
8 386
160 589
Feb
11 790
66 658
842
53 154
10 161
63 315
12 657
8 545
163 806
Mar
12 825
68 391
869
54 306
10 115
64 421
12 492
9 102
168 100
Apr
12 905
70 675
886
55 248
9 965
65 213
12 916
9 380
171 976
May
13 302
71 794
919
56 441
10 136
66 577
13 117
9 791
175 501
Jun
13 223
72 973
954
57 141
10 102
67 243
13 082
9 707
177 182
Jul
12 934
74 571
994
58 978
10 139
69 117
12 839
10 005
180 461
Aug
13 107
75 972
1 033
60 244
10 114
70 358
13 274
10 396
184 140
Sep*
12 787
77 036
1 064
61 387
9 981
71 368
13 293
11 108
186 655
Oct*
13 368
78 151
1 116
61 522
10 152
71 674
13 511
11 200
189 020
Nov* *
13 217
79 708
1 157
62 727
10 297
73 025
13 761
11 162
192 030
1/ End-of-period balance.
2/ It includes credit deducted from payroll and excludes cooperatives.
January 2007 | Boletim do Banco Central do Brasil |
103
II.39 – Interest rate reference credit operations
Interest rates and spread1/
####
% p.y.
Period
Lending rate
2/
Funding rate
Spread
General
Corporate
Individuals
General
Corporate
Individuals
General
Corporate
Individuals
2004 Dec
44.6
31.0
60.5
17.8
18.0
17.6
26.8
13.0
42.9
2005 Jan
46.2
32.2
62.0
18.3
18.3
18.2
27.9
13.9
43.8
Feb
46.4
32.4
61.8
18.8
18.9
18.6
27.6
13.5
43.2
Mar
46.7
32.9
61.6
19.0
19.2
18.7
27.7
13.7
42.9
Apr
47.1
33.3
61.7
19.4
19.6
19.1
27.7
13.7
42.6
May
47.8
33.7
62.5
19.4
19.9
18.9
28.4
13.8
43.6
Jun
47.3
33.4
61.3
19.2
19.8
18.4
28.1
13.6
42.9
Jul
47.2
33.0
61.3
19.0
19.6
18.2
28.2
13.4
43.1
Aug
47.4
33.2
61.1
18.9
19.5
18.2
28.5
13.7
42.9
Sep
48.1
33.3
62.1
18.7
19.2
18.0
29.4
14.1
44.1
Oct
48.2
33.4
61.7
18.4
18.9
17.8
29.8
14.5
43.9
Nov
47.1
32.4
60.4
17.7
18.2
17.2
29.4
14.2
43.2
Dec
45.9
31.7
59.3
17.1
17.7
16.5
28.8
14.0
42.8
2006 Jan
46.1
31.3
59.7
16.4
16.8
16.0
29.7
14.5
43.7
Feb
46.2
31.6
59.2
16.0
16.5
15.5
30.2
15.1
43.7
Mar
45.7
30.7
59.0
15.5
16.0
15.0
30.2
14.7
44.0
Apr
45.0
30.6
57.8
15.3
15.8
14.9
29.7
14.8
42.9
May
43.8
29.7
56.1
15.3
15.7
15.0
28.5
14.0
41.1
Jun
43.2
28.8
55.8
15.2
15.3
15.2
28.0
13.5
40.6
Jul
42.2
28.3
54.3
14.7
14.9
14.6
27.5
13.4
39.7
Aug
41.9
27.9
53.9
14.4
14.5
14.3
27.5
13.4
39.6
Sep*
41.5
27.3
53.8
13.7
13.8
13.7
27.8
13.5
40.1
Oct*
41.2
27.4
53.1
13.4
13.6
13.2
27.8
13.8
39.9
Nov*
40.7
26.6
53.0
13.1
13.2
12.9
27.6
13.4
40.1
1/ Includes agreed operations with fixed, indexed and floating interest rates carried out with corporate and individuals.
2/ Spread calculated as the difference between lending and funding rates.
104 |
Boletim do Banco Central do Brasil
|
January 2007
II.40 – Interest rate reference credit operations
Interest rate – Fixed operations
#####
% p.y.
Period
Corporate
Hot
money
2004 Dec
51.1
Individuals
Discount
Discount of WorkingGuaranteedAcquisition
of trade
promissory
bills
notes
40.5
49.6
capital overdraft
Vendor Overdraft Personal
of goods
accounts
66.5
29.0
22.8
144.0
Acquisition of goods
1/
credit
accounts
36.7
General
68.4
Vehicles
Others
Total
35.6
66.9
40.1
53.1
2005 Jan
55.9
43.0
54.0
40.2
66.4
30.5
24.3
144.6
71.2
36.5
64.5
40.6
54.9
Feb
51.5
43.2
54.0
39.6
66.9
30.9
24.3
146.4
70.0
36.2
63.7
40.2
55.0
Mar
55.7
43.9
54.0
39.6
69.0
31.5
24.4
146.1
68.7
36.7
62.4
40.3
55.3
Apr
53.5
43.4
53.5
40.4
70.0
30.9
25.2
147.6
68.7
37.0
57.7
40.0
55.7
May
53.5
43.4
53.5
41.2
69.8
31.6
24.7
147.6
69.9
37.4
57.8
40.4
56.4
Jun
53.4
42.6
52.4
39.6
70.2
31.3
24.1
148.0
68.6
36.9
54.1
39.5
55.7
Jul
49.5
42.7
52.3
38.0
70.3
30.0
24.6
148.0
69.4
36.1
54.7
39.0
55.6
Aug
51.0
43.5
52.6
38.8
70.7
29.7
24.0
148.5
69.5
35.7
53.7
38.6
55.6
Sep
54.3
43.5
54.3
38.0
70.5
29.6
24.6
148.8
70.6
35.9
59.9
39.7
56.3
Oct
52.6
44.3
55.2
38.7
70.6
28.6
24.6
148.6
70.3
35.6
59.1
39.3
56.1
Nov
49.8
41.9
52.1
35.4
70.7
28.4
23.1
149.2
68.7
34.9
56.4
38.3
54.7
Dec
47.4
39.5
49.0
34.7
70.3
28.2
22.5
147.5
67.3
34.8
65.2
39.4
53.3
2006 Jan
51.2
40.7
51.8
37.1
69.6
28.6
22.6
147.8
68.9
35.3
58.6
38.9
54.0
Feb
53.4
43.3
56.2
37.3
69.0
29.3
23.1
146.8
68.6
35.2
54.4
38.1
54.0
Mar
53.6
40.4
52.5
35.1
70.7
27.6
21.3
146.4
67.8
34.4
56.9
37.7
53.6
Apr
54.8
42.2
56.3
36.2
68.6
27.3
22.4
145.4
65.3
34.1
59.4
37.7
52.9
May
50.9
38.5
51.7
34.7
69.9
26.6
20.1
145.4
62.3
33.3
58.1
36.8
51.4
Jun
50.7
37.6
48.9
32.4
67.9
26.3
20.3
145.1
62.2
33.3
57.5
36.6
50.8
Jul
47.2
37.2
47.8
32.8
67.8
26.0
19.7
144.1
59.8
32.6
59.6
36.2
49.7
Aug
50.6
37.6
49.3
32.8
66.9
25.5
19.3
143.6
59.1
32.9
59.4
36.4
49.4
Sep8
52.2
37.1
50.0
32.2
65.6
26.9
19.2
143.5
58.9
33.0
61.0
36.6
49.2
Oct*
51.9
37.2
51.9
31.5
65.5
25.4
18.4
142.6
58.6
32.1
59.0
35.6
48.4
Nov*
52.7
36.3
47.1
31.5
66.2
24.6
18.2
142.8
58.6
31.7
59.0
35.2
48.3
1/ It includes credit deducted from payroll.
January 2007 | Boletim do Banco Central do Brasil |
105
II.41 – Interest rate reference credit operations
Spread – Fixed operations1/
#####
p.p.
Period
Corporate
Hot
money
2004 Dec
34.9
Individuals
DiscountDiscount of WorkingGuaranteedAcquisition
of tradepromissory
bills
notes
22.8
31.9
capital overdraft
Vendor Overdraft Personal
of goods
accounts
50.3
11.2
4.9
127.8
Acquisition of goods
2/
credit
accounts
18.7
Average
50.5
Vehicles
Others
Total
18.1
48.9
22.5
35.5
2005 Jan
38.9
24.8
35.7
21.5
49.4
12.0
5.8
127.6
52.6
18.5
45.8
22.5
36.7
Feb
34.1
24.4
35.2
20.5
49.5
12.0
5.3
129.0
51.0
17.8
44.6
21.7
36.4
Mar
38.2
24.8
34.9
20.3
51.5
12.6
5.2
128.6
49.6
18.3
43.1
21.7
36.6
Apr
35.8
24.0
34.1
20.8
52.3
11.6
5.7
129.9
49.3
18.0
38.1
20.9
36.6
May
35.4
23.7
33.8
21.5
51.7
12.5
5.0
129.5
50.7
18.9
38.1
21.7
37.4
Jun
35.6
22.8
32.6
20.1
52.4
12.7
4.3
130.2
49.9
18.9
34.7
21.2
37.1
Jul
31.3
23.0
32.6
18.9
52.1
11.7
4.9
129.8
51.0
18.3
35.6
21.0
37.1
Aug
32.9
23.9
33.0
19.9
52.6
11.4
4.5
130.4
51.1
17.7
34.8
20.4
37.2
Sep
36.0
24.1
34.9
19.4
52.2
11.5
5.3
130.5
52.5
18.2
41.2
21.8
38.1
Oct
34.9
25.3
36.2
20.5
52.9
10.8
5.8
130.9
52.4
18.0
40.8
21.6
38.2
Nov
32.6
23.5
33.7
17.9
53.5
11.2
5.0
132.0
51.5
17.9
38.8
21.2
37.4
Dec
30.8
21.7
31.2
17.7
53.7
11.7
4.9
130.9
50.7
18.5
48.1
22.9
36.6
2006 Jan
35.0
23.3
34.4
20.6
53.4
12.5
5.5
131.6
52.8
19.5
42.0
23.0
37.8
Feb
37.8
26.4
39.3
21.3
53.4
13.7
6.5
131.2
53.0
19.9
38.4
22.7
38.3
Mar
38.3
24.0
36.1
19.7
55.4
12.6
5.2
131.1
52.7
19.6
41.4
22.8
38.4
Apr
38.6
26.4
40.5
21.2
52.4
12.6
6.8
129.2
50.6
19.4
44.3
23.0
37.8
May
36.3
23.0
36.3
19.7
55.3
11.6
4.8
130.8
47.3
18.2
43.0
21.7
36.4
Jun
36.4
22.5
33.8
17.5
53.6
11.2
5.3
130.8
47.1
17.8
42.6
21.2
35.7
Jul
33.5
22.4
33.0
18.3
54.1
11.4
5.0
130.4
45.2
17.8
45.1
21.5
35.2
Aug
37.1
23.1
34.8
18.5
53.4
11.2
4.9
130.1
44.8
18.5
45.1
22.0
35.2
Sep*
39.2
23.1
36.0
18.5
52.6
13.2
5.3
130.5
45.2
19.2
47.3
22.9
35.6
Oct*
39.2
23.5
38.2
18.2
52.8
12.1
4.8
129.9
45.3
18.8
45.6
22.3
35.2
Nov*
40.3
22.9
33.7
18.5
53.8
11.6
4.9
130.4
45.7
18.7
45.9
22.2
35.4
1/ Spread calculated as the difference between lending and funding rates.
2/ It includes credit deducted from payroll.
106 |
Boletim do Banco Central do Brasil
|
January 2007
Statistical Tables
III
Capital and Financial Markets
III.1 – Interest rates
###
Period
Federal funds rate
% p.m.
% p.y.
Money market interest
% p.m.
% p.y.
Reference rate
% p.m.
1/
Financial basic rate
% p.y.
% p.m.
1/
% p.y.
2/
Long-term interest rate
% p.m.
% p.y.
2002 Dec
1.74
23.03
1.73
22.91
0.36
4.42
1.66
21.78
0.80
10.00
2003 Dec
1.37
16.91
1.37
16.81
0.19
2.20
1.33
16.37
0.87
11.00
2004 Dec
1.48
17.50
1.48
17.46
0.24
2.66
1.43
16.87
0.78
9.75
2005 Jan
1.38
17.93
1.38
17.92
0.19
2.28
1.33
17.18
0.78
9.75
Feb
1.22
18.47
1.22
18.44
0.10
1.36
1.16
17.48
0.78
9.75
Mar
1.53
18.97
1.52
18.89
0.26
3.06
1.48
18.28
0.78
9.75
Apr
1.41
19.32
1.41
19.26
0.20
2.55
1.35
18.45
0.78
9.75
May
1.50
19.61
1.50
19.57
0.25
3.07
1.45
18.80
0.78
9.75
Jun
1.59
19.75
1.58
19.73
0.30
3.48
1.54
19.17
0.78
9.75
Jul
1.51
19.72
1.51
19.70
0.26
3.13
1.47
19.15
0.78
9.75
Aug
1.66
19.75
1.65
19.68
0.35
3.86
1.63
19.39
0.78
9.75
Sep
1.50
19.61
1.50
19.56
0.26
3.21
1.47
19.09
0.78
9.75
Oct
1.41
19.25
1.40
19.19
0.21
2.68
1.36
18.59
0.78
9.75
Nov
1.38
18.87
1.38
18.80
0.19
2.46
1.34
18.19
0.78
9.75
Dec
1.47
18.24
1.47
18.15
0.23
2.63
1.41
17.39
0.78
9.75
2006 Jan
1.43
17.65
1.43
17.60
0.23
2.70
1.41
17.33
0.72
9.00
Feb
1.15
17.28
1.14
17.20
0.07
1.02
1.09
16.44
0.72
9.00
Mar
1.42
16.74
1.42
16.69
0.21
2.29
1.18
13.73
0.72
9.00
Apr
1.08
16.19
1.08
16.16
0.09
1.20
1.05
15.69
0.66
8.15
May
1.28
15.70
1.28
15.66
0.19
2.18
1.18
14.43
0.66
8.15
Jun
1.18
15.18
1.18
15.15
0.19
2.35
1.16
14.78
0.66
8.15
Jul
1.17
14.98
1.17
14.94
0.18
2.12
1.13
14.39
0.60
7.50
Aug
1.26
14.66
1.25
14.60
0.24
2.70
1.25
14.53
0.60
7.50
Sep
1.06
14.17
1.05
14.11
0.15
1.93
1.01
13.55
0.60
7.50
Oct
1.09
13.95
1.09
13.90
0.19
2.27
1.07
13.61
0.55
6.85
Nov
1.02
13.65
1.02
13.60
0.13
1.63
0.99
13.21
0.55
6.85
1/ Refers to the first day of the month. Rate annualized according to base 252 (252 working days).
2/ Fixed for the quarter.
January 2007 | Boletim do Banco Central do Brasil |
109
III.2 – Velocity of circulation of main financial assets
###
Period
Velocity of circulation
1/
2/
Memorandum (R$ million)
Demand
Savings
Time
deposits
deposits
deposits
Demand deposits
Redemptions
3/
in month
Savings deposits
Average
Redemptions
daily
in month
balances
Time deposits
Average
Redemptions
daily
in month
balances
Average
daily
balances
2002 Dec
1.8
0.4
0.3
110 334
61 894
54 173
140 311
37 718
140 269
2003 Dec
1.6
0.4
0.3
103 783
63 247
58 658
142 497
40 135
147 439
2004 Dec
1.3
0.4
0.2
101 565
76 105
67 362
157 984
39 549
184 940
2005 Jan
1.2
0.4
0.2
90 500
75 336
55 856
159 360
38 072
189 925
Feb
1.1
0.3
0.1
79 785
73 855
52 253
159 071
28 088
193 952
Mar
1.2
0.4
0.2
88 188
74 166
58 737
158 965
31 705
203 570
Apr
1.1
0.3
0.1
81 271
72 781
54 775
159 235
31 407
210 978
May
1.2
0.4
0.2
88 301
71 459
57 819
158 645
39 352
212 465
Jun
1.2
0.4
0.2
85 170
72 596
57 310
158 983
35 134
216 979
Jul
1.1
0.3
0.2
80 911
73 944
56 207
160 688
37 460
223 563
Aug
1.2
0.4
0.2
89 139
73 652
60 523
161 313
38 620
228 085
Sep
1.1
0.4
0.2
83 537
73 126
57 487
161 610
36 774
234 781
Oct
1.1
0.4
0.2
83 680
74 794
57 060
161 809
36 513
238 609
Nov
1.1
0.4
0.2
84 736
76 514
59 179
162 472
37 912
241 961
Dec
1.0
0.4
0.2
88 992
85 400
71 728
167 845
38 581
246 489
2006 Jan
1.0
0.4
0.2
85 903
83 364
63 217
169 060
42 227
252 202
Feb
0.9
0.3
0.1
69 432
79 688
54 819
168 396
32 634
255 583
Mar
1.1
0.4
0.2
92 463
81 369
67 139
167 463
48 620
263 523
Apr
0.9
0.3
0.1
74 684
80 315
56 715
166 585
35 826
269 416
May
1.1
0.4
0.2
87 228
80 789
64 149
165 821
43 521
273 722
Jun
1.0
0.4
0.2
79 783
81 386
59 534
166 555
46 609
287 371
Jul
1.0
0.4
0.2
80 687
83 244
61 578
169 221
43 152
287 072
Aug
1.0
0.4
0.2
84 275
83 325
68 630
170 604
59 550
285 014
Sep
0.9
0.3
0.1
78 118
86 007
60 449
172 851
41 674
281 506
Oct
1.0
0.4
0.1
85 902
88 198
63 751
174 963
39 115
282 205
Nov
0.9
0.4
0.1
82 163
91 441
66 420
177 738
36 387
287 477
1/ Relation redemptions/balances.
2/ Average daily balances of working days of the month indicated.
3/ Flow of the check clearing.
110 |
Boletim do Banco Central do Brasil
|
January 2007
III.3 – Investment funds – Portfolio destination1/ 2/
####
R$ million
Period
2006
Destination
Aug
Financial
State companies
investment
investment
funds
3/
funds
Government securities
483 819
20 013
1 119
35
504 986
Private securities
133 142
321
356
-
133 819
Bank Securities
95 225
321
96
-
95 642
Corporate Securities
37 916
-
261
-
38 177
16 799
-
2 269
-
19 068
973
465
13
109 387
69 922
Fund quotas
Repurchase agreements
Sep
Total
5/
funds
Stocks
7 735
1
53 124
9 062
12 165
-
1 537
- 9
13 693
Total portfolio
761 596
21 299
58 871
9 101
850 866
Government securities
493 130
20 106
1 082
34
514 351
Private securities
128 477
330
326
-
129 133
Bank Securities
89 532
330
73
-
89 935
Corporate Securities
38 946
-
253
-
39 198
16 526
-
2 298
-
18 823
Repurchase agreements
Stocks
Other
114 188
988
786
11
115 973
8 446
2
60 147
8 766
77 361
11 972
- 3
1 127
1
13 097
Total portfolio
772 739
21 422
65 767
8 811
868 739
Government securities
491 214
19 744
1 137
69
512 164
Private securities
129 252
335
288
-
129 874
Bank Securities
91 283
335
36
-
91 654
Corporate Securities
37 968
-
252
-
38 220
17 627
-
2 402
-
20 029
1 414
1 226
13
123 961
Fund quotas
Repurchase agreements
Nov
4/
funds
FMP-FGTS
Other
Fund quotas
Oct
107 936
Stock
121 308
Stocks
9 019
3
61 780
9 417
80 219
Other
9 381
- 4
1 879
-
11 255
Total portfolio
777 800
21 491
68 712
9 499
877 503
Government securities
493 975
20 608
1 310
34
515 927
Private securities
129 640
-
289
-
129 929
Bank Securities
91 887
-
43
-
91 930
Corporate Securities
37 753
-
246
-
37 999
19 986
-
2 685
-
22 671
893
790
11
127 567
Fund quotas
Repurchase agreements
125 872
Stocks
8 160
4
63 944
10 270
82 379
Other
11 631
0
2 464
113
14 207
789 265
21 498
71 483
10 428
892 673
Total portfolio
Source: Bacen and Securities and Exchange Commission (CVM)
1/ Portfolio value = net worth - availabilities - amounts receivable + liabilities.
2/ The net worth is a proxy of the portfolio value.
3/ Includes: exchange rate investment funds; short-term investment funds; fixed income investment funds; Multimarket Investment Fund; Indexed Investment Funds; and
other funds not yet classified according to Instrução CVM 409, of 8.18.2004.
4/ Includes: stocks investment funds; and other stock funds not yet classified according to Instrução CVM 409, of 8.18.2004 .
5/ Mutual privatization funds.
January 2007 | Boletim do Banco Central do Brasil |
111
III.4 – Investment funds – Portfolio destination 1/ 2/
Relative participation %
Period
Destination
Financial
State companies
investment
investment
3/
funds
Government securities
63.5
94.0
1.9
0.4
59.3
Private securities
17.5
1.5
0.6
0.0
15.7
12.5
1.5
0.2
0.0
11.2
5.0
0.0
0.4
0.0
4.5
2.2
0.0
3.9
0.0
2.2
14.2
4.6
0.8
0.1
12.9
Stocks
1.0
0.0
90.2
99.6
8.2
Other
1.6
0.0
2.6
-0.1
1.6
100.0
100.0
100.0
100.0
100.0
Government securities
63.8
93.9
1.6
0.4
59.2
Private securities
16.6
1.5
0.5
0.0
14.9
11.6
1.5
0.1
0.0
10.4
5.0
0.0
0.4
0.0
4.5
2.1
0.0
3.5
0.0
2.2
14.8
4.6
1.2
0.1
13.3
1.1
0.0
91.5
99.5
8.9
funds
2006
Aug
Bank Securities
Corporate Securities
Fund quotas
Repurchase agreements
Total portfolio
Sep
Bank Securities
Corporate Securities
Fund quotas
Repurchase agreements
Stocks
Other
4/
0.0
1.7
0.0
1.5
100.0
100.0
100.0
100.0
Government securities
63.2
91.9
1.7
0.7
58.4
Private securities
16.6
1.6
0.4
0.0
14.8
11.7
1.6
0.1
0.0
10.4
4.9
0.0
0.4
0.0
4.4
2.3
0.0
3.5
0.0
2.3
15.6
6.6
1.8
0.1
14.1
Stocks
1.2
0.0
89.9
99.1
9.1
Other
1.2
0.0
2.7
0.0
1.3
100.0
100.0
100.0
100.0
100.0
Government securities
62.6
95.9
1.8
0.3
57.8
Private securities
16.4
0.0
0.4
0.0
14.6
11.6
0.0
0.1
0.0
10.3
4.8
0.0
0.3
0.0
4.3
2.5
0.0
3.8
0.0
2.5
15.9
4.2
1.1
0.1
14.3
Stocks
1.0
0.0
89.5
98.5
9.2
Other
1.5
0.0
3.4
1.1
1.6
100.0
100.0
100.0
100.0
100.0
Corporate Securities
Fund quotas
Repurchase agreements
Total portfolio
Bank Securities
Corporate Securities
Fund quotas
Repurchase agreements
Total portfolio
Source: Bacen and Securities and Exchange Commission (CVM)
1/ Portfolio value = net worth - availabilities - amounts receivable + liabilities.
2/ The net worth is a proxy of the portfolio value.
3/ Includes: exchange rate investment funds; short-term investment funds; fixed income investment funds; Multimarket Investment Fund; Indexed Investment Funds; and
other funds not yet classified according to Instrução CVM 409, of 8.18.2004 .
4/ Includes: stocks investment funds; and other stock funds not yet classified according to Instrução CVM 409 , of 8.18.2004.
5/ Mutual privatization funds.
112 |
Total
5/
funds
1.5
Bank Securities
Nov
funds
FMP-FGTS
100.0
Total portfolio
Oct
Stock
Boletim do Banco Central do Brasil
|
January 2007
III.5 – Mutual investment funds
###
R$ million
Financial investment funds
Period
Investment fund of state companies
Stock funds
Net worth
Net inflow
Net worth
Net inflow
Net worth
Net inflow
(balance)
(flow)
(balance)
(flow)
(balance)
(flow)
2002 Dec
321 605
- 806
11 590
-1 897
32 221
124
2003 Dec
466 793
10 249
13 318
1 124
41 669
- 81
2004 Dec
541 965
-4 616
17 185
- 16
49 491
686
- 183
2005 Jan
554 526
8 295
17 259
- 141
48 609
Feb
563 296
1 034
17 778
312
52 817
20
Mar
575 439
8 708
17 437
- 623
47 974
- 158
Apr
582 734
1 569
16 633
- 808
47 086
44
May
584 417
-3 664
16 648
- 212
47 928
40
Jun
592 693
1 317
17 052
616
47 820
- 82
Jul
603 614
4 660
16 811
- 498
49 042
- 331
Aug
616 916
5 126
17 355
274
51 257
- 468
Sep
626 302
3 779
17 926
317
55 480
671
Oct
637 292
3 380
19 528
1 355
54 534
662
Nov
644 469
- 170
19 753
- 46
56 995
- 182
Dec
653 714
-2 152
20 393
351
59 878
- 447
2006 Jan
677 468
13 101
21 628
946
68 605
2 082
Feb
697 470
10 969
21 773
- 98
68 238
285
Mar
718 936
12 423
21 745
- 344
67 467
264
Apr
727 417
968
22 534
564
70 815
116
May
735 192
2 433
22 955
112
68 722
994
Jun
740 778
472
22 300
- 901
68 003
48
Jul
749 639
-1 573
22 830
273
68 787
74
Aug
761 596
1 104
21 299
-1 803
67 971
374
Sep
772 739
2 714
21 422
- 103
74 578
611
Oct
777 800
-3 899
21 491
- 162
78 201
470
Nov
789 358
1 793
21 498
- 215
81 907
- 73
Source: Bacen and Securities and Exchange Commission (CVM)
January 2007 | Boletim do Banco Central do Brasil |
113
III.6 – Savings deposits and time deposits
###
R$ million
Period
Time deposits
Savings deposits
Brazilian System of
Rural
Total
Savings and Loans
Balance
1/
2/
Balance
Net inflow
Net inflow
Balance
Net inflow
Balance
Net inflow
2002 Dec
137 559
-4 521
112 423
- 333
27 219
- 336
139 642
- 670
2003 Dec
144 242
-6 185
115 257
1 909
27 799
469
143 057
2 378
2004 Dec
188 136
1 451
126 853
2 910
31 413
632
158 267
3 542
2005 Jan
192 302
1 609
126 879
- 817
31 888
257
158 767
- 561
Feb
196 886
2 275
127 060
- 636
31 821
- 281
158 881
- 917
-1 673
Mar
208 332
8 434
126 413
-1 423
31 774
- 249
158 188
Apr
212 337
1 143
126 849
- 432
31 714
- 287
158 563
- 719
May
213 992
-1 413
126 406
-1 291
31 732
- 207
158 138
-1 498
- 234
Jun
219 316
2 017
127 065
- 244
31 975
10
159 041
Jul
223 903
1 320
128 458
475
32 417
201
160 875
676
Aug
232 370
4 792
128 350
-1 038
32 457
- 211
160 807
-1 249
Sep
237 290
1 500
128 827
- 477
32 480
- 222
161 307
- 699
Oct
241 177
618
129 435
- 260
32 446
- 267
161 882
- 527
Nov
243 081
-1 341
130 818
525
32 494
- 177
163 312
348
Dec
252 339
5 790
135 412
3 743
33 323
606
168 734
4 349
2006 Jan
253 048
-2 766
134 293
-2 019
33 698
138
167 991
-1 881
Feb
258 742
2 874
135 483
379
33 716
- 191
169 200
188
Mar
268 149
5 784
132 893
-3 391
33 564
- 363
166 456
-3 754
Apr
270 973
23
132 425
-1 277
33 470
- 308
165 894
-1 585
May
282 647
8 275
131 757
-1 398
33 499
- 170
165 256
-1 568
Jun
286 604
597
133 000
383
33 770
48
166 771
432
1 539
Jul
286 752
-3 129
135 025
1 184
34 349
355
169 373
Aug
285 103
-5 087
135 592
- 319
34 623
39
170 215
- 280
Sep
279 785
-8 190
138 282
1 829
35 093
239
173 375
2 068
Oct
284 844
2 091
140 127
996
35 567
244
175 694
1 241
Nov
289 377
1 714
143 262
3 125
36 158
417
179 420
3 542
1/ Data refer to Art. 1st of Circular 2,132, dated 2.6.1992.
2/ Data refer to Art. 2nd of Circular 2,132, dated 2.6.1992. Since September/1999, this value change to balance variation.
114 |
Boletim do Banco Central do Brasil
|
January 2007
III.7 – Nominal income of major financial investments
#
% p.m.
Period
1/
Savings
4/
Banking certificates
Investment funds
Gold
5/
2/
No financial
Ibovespa
5/
exchange
of deposits
Individuals
Commercial
3/
Average
Investment
corporate
funds of state
entities
companies
Stocks
rate
5/
2002 Dec
0.86
1.61
1.72
1.72
1.70
4.20
5.42
-2.84
7.23
2003 Dec
0.69
1.18
1.29
1.28
1.34
11.77
2.93
-2.04
10.17
2004 Dec
0.74
1.31
1.39
1.38
1.46
5.13
-4.14
-2.79
4.25
2005 Jan
0.69
1.22
1.32
1.32
1.30
-3.12
-5.07
-1.12
-7.05
Feb
0.60
1.08
1.16
1.15
1.18
8.66
2.53
-1.14
15.56
Mar
0.76
1.34
1.42
1.42
1.54
-8.84
1.10
2.74
-5.43
Apr
0.70
1.21
1.30
1.30
1.28
-3.93
-4.34
-5.06
-6.64
May
0.75
1.29
1.39
1.39
1.37
1.44
-7.65
-5.04
1.47
Jun
0.80
1.34
1.44
1.44
1.51
-0.03
1.53
-2.22
-0.62
Jul
0.76
1.28
1.40
1.40
1.50
3.28
0.00
1.71
3.96
Aug
0.85
1.42
1.54
1.53
1.63
4.83
-0.30
-1.12
7.69
Sep
0.77
1.27
1.41
1.41
1.38
6.90
2.27
-5.99
12.62
Oct
0.71
1.21
1.31
1.30
1.42
-2.82
-0.44
1.44
-4.40
Nov
0.69
1.16
1.28
1.27
1.39
4.89
4.76
-2.10
5.71
Dec
0.73
1.25
1.36
1.35
1.58
5.90
9.66
6.06
4.82
2006 Jan
0.73
1.23
1.35
1.34
1.36
11.06
5.70
-5.33
14.73
Feb
0.57
0.96
1.05
1.05
1.12
-1.02
-4.17
-3.63
0.59
Mar
0.61
1.16
1.30
1.30
1.42
-1.30
3.07
1.73
-1.71
Apr
0.59
0.83
0.95
0.94
1.02
4.81
9.18
-3.83
6.36
May
0.69
1.10
1.22
1.21
1.36
-4.29
12.73
10.11
-9.50
Jun
0.69
1.02
1.14
1.13
1.12
-1.07
-13.31
-5.92
0.27
Jul
0.68
1.02
1.12
1.12
1.17
1.06
3.49
0.55
1.22
Aug
0.74
1.08
1.17
1.17
1.25
-1.71
-1.80
-1.72
-2.28
Sep
0.65
0.91
0.97
0.97
1.07
8.89
-5.03
1.66
0.60
Oct
0.69
0.90
0.95
0.95
1.09
4.26
1.69
-1.44
7.72
Nov
0.63
0.88
0.93
0.93
1.03
4.85
7.23
1.11
6.80
1/ Reference rate (TR) +0,5% per month; earning refer to savings deposits with anniversary on the 1st of month following the month indicated (greater occurrence).
2/ Funding rates as in Circular 2,132 /91 article 2º. Average monthly rate for a 30-day period .
3/ Average CDB rate contracted during the month. Those obtained from institutional investors and financial institutions are included.
4/ Average yield estimate based on financial institution figures.
5/ Change at the end of the period.
January 2007 | Boletim do Banco Central do Brasil |
115
III.8 – One-day ID futures contracts
Adjustment rates, traded volumes and outstanding contracts
####
1/
Period
2/
Interest rates
% p.y.
st
1
nd
rd
2
3
4
3/
Traded volumes
Outstanding contracts
(R$ million)
th
th
5
th
6
th
7
maturity maturity maturity maturity maturity maturity maturity
st
1
th
to 4
th
th
5 and 6
(thousand)
th
7
st
th
th
1 to 4 5 and 6
th
th
7
maturity
maturity
maturity
maturity
maturity
maturity
month
month
month
month
month
month
month
months
month
month
months
month
month
2002 Dec
24.79
25.56
26.37
26.76
27.50
28.30
29.10
10 282
388
175
569
68
98
2003 Dec
16.24
16.12
15.97
15.88
15.77
15.80
15.88
11 818
12 315
2 969
900
724
426
2004 Dec
17.71
17.84
18.02
18.16
18.29
18.17
17.81
20 866
7 837
6 820
1 622
630
485
2005 Jan
18.25
18.46
18.76
18.92
19.18
19.17
18.95
12 258
9 101
13 454
1 272
743
574
Feb
18.68
18.85
18.97
19.05
19.11
19.10
18.72
6 400
8 783
15 800
910
939
792
Mar
19.21
19.26
19.40
19.45
19.56
19.37
19.18
13 449
23 474
4 378
1 587
866
591
Apr
19.46
19.52
19.62
19.67
19.69
19.55
19.24
13 444
26 293
5 668
1 164
1 136
755
May
19.77
19.77
19.81
19.81
19.79
19.44
18.94
6 169
20 240
8 219
977
1 067
1 007
Jun
19.74
19.74
19.73
19.67
19.17
18.56
18.12
10 485
10 573
15 879
1 794
908
982
Jul
19.68
19.67
19.60
19.48
19.11
18.63
18.39
9 755
9 383
18 998
1 350
990
1 384
Aug
19.71
19.60
19.51
19.34
19.14
18.68
18.44
13 565
12 995
20 558
1 230
1 115
1 525
Sep
19.51
19.33
19.18
18.98
18.51
18.15
17.90
24 747
6 003
15 747
1 900
819
1 413
Oct
18.92
18.81
18.53
18.34
18.02
17.74
17.62
16 896
8 027
17 772
1 522
866
1 711
Nov
18.43
18.10
17.83
17.67
17.45
17.02
16.83
30 226
14 365
21 961
2 090
1 187
2 121
Dec
17.93
17.71
17.56
17.37
16.86
16.56
16.39
28 380
6 749
17 834
2 911
794
1 927
2006 Jan
17.10
17.19
16.93
16.77
16.34
16.05
15.89
30 392
10 526
23 465
2 858
1 032
2 379
Feb
17.29
16.67
16.48
16.23
15.99
15.57
15.34
10 482
8 925
30 863
1 291
1 200
2 826
Mar
16.51
16.24
15.95
15.68
15.22
14.96
14.83
12 727
16 476
22 735
1 772
1 355
2 211
Apr
15.70
15.66
15.39
15.26
14.99
14.77
14.69
10 647
17 714
23 872
1 476
1 576
2 444
May
15.65
15.28
15.29
15.29
15.21
15.22
15.28
12 843
17 848
27 981
1 820
1 639
2 629
Jun
15.18
15.01
14.87
14.76
14.66
14.68
14.79
12 813
11 086
21 839
2 131
1 549
2 231
Jul
14.60
14.63
14.52
14.48
14.40
14.41
14.46
11 467
15 657
23 914
1 090
1 838
2 505
Aug
14.11
14.14
14.09
14.03
14.00
13.94
13.94
13 532
17 011
26 113
1 285
2 018
2 765
Sep
14.18
13.96
13.83
13.74
13.58
13.52
13.57
17 990
11 701
31 113
2 150
1 294
2 327
Oct
13.65
13.60
13.44
13.34
13.18
13.06
13.01
22 860
11 202
30 243
1 734
1 356
2 709
Nov
13.13
13.15
13.12
13.05
12.99
12.86
12.77
25 229
16 389
33 511
2 061
1 506
3 033
Source: BM&F
1/ Adjustment rates of contracts in the last working day of the month. Rates of contracts falling due in the first four months subsequent to the reference month (1st to 4th maturity)
and those falling due in the first months of the following quarters (5th to 7th maturity, months of January, April, July and October) are shown.
2/ Daily average.
3/ Outstanding contracts at the end of session.
116 |
Boletim do Banco Central do Brasil
|
January 2007
III.9 – Dollar futures contracts
Adjustment prices, traded volumes and outstanding contracts
#####
1/
Period
2/
Adjustment prices
(R$/US$)
st
Outstanding contracts
(R$ million)
nd
1
3/
Traded volumes
2
rd
3
st
1
nd
2
(thousand)
rd
3
th
to 7
rd
3
2
nd
rd
3
th
to 7
maturity
maturity
maturity
maturity
maturity
maturity
maturity
maturity
maturity
month
month
month
month
month
month
month
month
month
2002
Dec
3.5333
3.5145
3.5268
7 593
1 141
53
71
60
17
2003
Dec
2.8892
2.9419
2.9704
7 928
1 597
106
111
104
16
2004
Dec
2.6544
2.6863
2.7139
11 842
2 434
183
146
139
20
2005
2006
Jan
2.6248
2.6367
2.6702
11 804
2 364
217
125
153
30
Feb
2.5950
2.6200
2.6494
14 472
2 682
702
115
151
52
Mar
2.6662
2.7007
2.7338
16 440
2 250
345
113
138
61
Apr
2.5313
2.5602
2.5946
12 799
2 637
370
114
124
72
May
2.4038
2.4423
2.4723
13 234
2 451
258
97
147
65
Jun
2.3504
2.3649
2.3965
13 842
2 073
239
137
172
64
Jul
2.3905
2.4137
2.4417
13 620
2 593
246
160
167
71
Aug
2.3637
2.3896
2.4172
14 181
2 114
217
138
179
74
Sep
2.2222
2.2550
2.2794
11 725
2 219
322
144
168
84
Oct
2.2543
2.2756
2.3017
13 346
2 184
240
129
159
88
Nov
2.2070
2.2274
2.2516
13 351
2 373
271
115
200
78
Dec
2.3407
2.3478
2.3668
16 309
2 139
413
197
191
87
Jan
2.2160
2.2273
2.2493
15 113
2 816
429
171
244
105
Feb
2.1355
2.1631
2.1781
19 383
3 403
422
195
268
107
Mar
2.1724
2.1814
2.2020
20 611
3 156
344
192
279
108
Apr
2.0892
2.1049
2.1220
17 990
3 660
343
169
254
101
May
2.3005
2.3421
2.3622
24 797
3 131
452
157
252
92
Jun
2.1643
2.1829
2.2016
18 924
3 251
302
188
201
91
Jul
2.1762
2.1931
2.2070
16 073
2 617
255
144
216
91
Aug
2.1388
2.1564
2.1707
18 728
2 791
342
170
238
98
Sep
2.1742
2.1841
2.1971
23 106
3 493
442
214
280
105
Oct
2.1430
2.1553
2.1668
19 823
3 621
417
195
309
114
Nov
2.1668
2.1769
2.1913
20 898
4 531
460
225
285
105
Source: BM&F
1/ Adjustment prices of contracts corresponding to the last working day of the first three maturities.
2/ Daily average.
3/ Outstanding contracts at the end of session.
January 2007 | Boletim do Banco Central do Brasil |
117
III.10 – Forward rate agreement on the ID x U.S. Dollar spread
Adjustment rates, traded volumes and outstanding contracts
#####
Period
Interest rates
1/
Traded volumes
% p.y.
nd
2
rd
3/
Outstanding contracts
(R$ million)
th
3
2/
4
5
th
th
6
th
7
maturity maturity maturity maturity maturity maturity
st
1
rd
to 3
th
4 and 5
th
(thousand)
th
6 and 7
th
1
st
th
to 4
th
4 and 5
th
th
th
6 and 7
maturity
maturity
maturity
maturity
maturity
maturity
month
month
month
month
month
month
months
month
month
months
month
month
2002 Dec
19.00
18.99
19.40
18.60
18.90
19.90
5 534
511
647
268
67
293
2003 Dec
1.05
1.34
1.79
2.26
2.73
3.13
6 590
2 648
4 740
378
147
309
2004 Dec
2.26
2.36
2.56
2.78
2.95
3.16
8 561
1 965
2 597
398
104
291
2005 Jan
3.01
3.11
3.20
3.46
3.67
3.91
5 420
1 710
3 524
332
100
317
Feb
3.13
3.18
3.27
3.44
3.64
3.85
6 234
1 616
4 461
321
108
343
Mar
3.22
3.30
3.74
3.98
4.33
4.57
7 211
3 914
2 721
387
137
288
Apr
2.85
3.19
3.45
3.61
3.82
4.05
7 816
3 100
2 519
425
140
292
May
3.36
3.38
3.49
3.57
3.76
3.89
6 346
3 015
2 492
388
158
304
Jun
3.67
3.75
3.82
4.00
4.12
4.24
6 190
2 579
2 157
440
137
280
Jul
3.73
3.81
3.84
4.12
4.25
4.40
5 105
1 540
2 246
400
168
301
Aug
3.23
3.48
3.58
3.91
4.00
4.06
5 308
2 131
1 972
374
171
314
Sep
3.68
3.78
4.05
4.15
4.30
4.45
4 799
682
1 695
420
97
287
Oct
3.62
3.88
4.01
4.23
4.48
4.66
4 507
944
1 455
402
93
290
Nov
4.02
4.07
4.10
4.14
4.29
4.43
4 080
998
1 845
361
92
306
Dec
4.32
4.28
4.27
4.28
4.31
4.36
4 208
1 219
2 596
393
91
310
2006 Jan
4.68
4.70
4.71
4.73
4.72
4.78
2 493
1 268
3 278
366
111
357
Feb
4.72
4.81
4.78
4.80
4.83
4.84
3 216
1 276
2 699
315
139
406
Mar
4.03
4.21
4.57
4.66
4.78
4.89
3 961
1 177
1 416
376
165
314
Apr
4.10
4.40
4.51
4.61
4.74
4.86
4 286
1 288
1 365
415
160
326
May
4.12
4.15
4.55
4.75
5.03
5.22
3 967
1 256
1 637
354
179
347
Jun
4.69
4.86
4.94
5.04
5.13
5.25
3 027
544
711
364
124
317
Jul
5.06
5.09
5.09
5.16
5.25
5.31
2 547
981
1 818
334
125
334
Aug
5.22
5.26
5.27
5.30
5.31
5.32
3 049
1 277
2 157
354
120
380
Sep
5.15
5.24
5.27
5.30
5.30
5.29
4 006
425
1 628
474
92
377
Oct
5.18
5.08
5.22
5.28
5.30
5.33
3 879
356
1 012
415
100
383
Nov
4.97
5.12
5.20
5.22
5.30
5.34
3 727
543
1 800
476
113
388
Source: BM&F
1/ Adjustment rates of contracts in the last working day of the month. Rates of contracts falling due between the 2nd and the 4th month subsequent to the reference month
(2nd to 4th maturity) and those falling due in the first months fo the following three quarters (5th to 7th maturity, months of January, April, July and October) are shown.
2/ Daily average.
3/ Outstanding contracts at the end of session.
118 |
Boletim do Banco Central do Brasil
|
January 2007
III.11 – Capital market
Primary issue
R$ million
Period
Stocks
Corporate
Commercial
bonds
Value
Amount
Value
Real state receivable
papers
Amount
Value
Quotas of real state
receipts
Amount
Value
investment funds
Amount
Value
Amount
2002
Dec
-
-
6 646
7
7
1
7
2
153
1
2003
Dec
-
-
969
4
300
1
95
1
196
3
2004
Dec
1 076
2
769
4
-
-
46
5
-
-
2005
Jan
16
1
4 480
3
300
1
99
3
-
-
Feb
-
-
Mar
135
Apr
241
May
-
Jun
Jul
2006
-
-
-
246
3
-
-
1
4 255
-
5
21
2
88
5
5
2
2
7 694
8
300
1
-
-
1
1
-
1 780
4
300
1
4
2
-
-
785
2
5 790
6
-
-
2
1
-
-
1 305
2
1 070
4
-
-
12
2
3
1
Aug
-
840
2
12
3
2
2
Sep
511
1
6 414
1
-
-
141
3
-
-
Oct
105
1
1 040
3
300
1
394
7
-
-
Nov
886
1
7 450
3
-
-
20
2
24
1
Dec
380
2
1 565
3
570
1
1 085
3
-
-
-
Jan
-
-
1 750
2
900
1
36
7
-
-
Feb
2 128
4
780
3
-
-
99
5
-
-
Mar
905
3
2 190
2
-
-
120
4
-
-
Apr
1 498
7
1 350
4
-
-
7
2
-
-
May
155
1
338
1
373
1
-
-
-
-
173
1
4 900
3
-
-
51
2
-
-
5 300
4
32 859
10
2 893
6
120
35
-
-
50
1
75
1
43
3
1
1
1
Jun
Jul
Aug
-
-
-
-
Sep
474
1
1 610
4
700
4
278
8
1
Oct
2 545
4
1 597
5
800
1
51
4
-
-
Nov
565
2
4 100
1
460
2
171
4
73
4
Source: CVM
January 2007 | Boletim do Banco Central do Brasil |
119
III.12 – Capital market
Secondary market indicators
R$ million
Period
Stock exchanges
Index
Ibovespa
1/
Variation accumulated in month (%)
Dow Jones
Nasdaq
Ibovespa
NYSE
Dow Jones
Volume
Nasdaq
Bovespa
NYSE
2002 Dec
11 268
8 342
1 336
7.2
-6.2
-9.7
604.1
2003 Dec
22 236
10 454
2 003
10.2
6.9
2.2
1 175.0
2004 Dec
26 196
10 800
2 178
4.3
3.6
3.9
1 517.5
2005 Jan
24 350
10 490
2 062
-7.0
-2.9
-5.3
1 230.0
Feb
28 139
10 766
2 052
15.6
2.6
-0.5
2 054.7
Mar
26 610
10 504
1 999
-5.4
-2.4
-2.6
1 878.7
Apr
24 843
10 193
1 922
-6.6
-3.0
-3.9
1 432.1
May
25 207
10 467
2 068
1.5
2.7
7.6
1 152.1
Jun
25 051
10 275
2 057
-0.6
-1.8
-0.5
1 494.7
Jul
26 042
10 641
2 185
4.0
3.6
6.2
1 340.5
Aug
28 044
10 482
2 152
7.7
-1.5
-1.5
1 589.5
Sep
31 583
10 569
2 153
12.6
0.8
0.0
1 728.3
Oct
30 193
10 440
2 120
-4.4
-1.2
-1.5
1 897.9
Nov
31 916
10 806
2 233
5.7
3.5
5.3
1 721.4
Dec
33 455
10 718
2 205
4.8
-0.8
-1.2
1 754.7
2006 Jan
38 382
10 865
2 306
14.7
1.4
4.6
2 199.7
Feb
38 610
11 062
2 287
0.6
1.8
-0.8
2 672.5
Mar
37 951
11 151
2 340
-1.7
0.8
2.3
2 175.0
Apr
40 363
11 367
2 323
6.4
1.9
-0.7
2 518.1
May
36 530
11 168
2 179
-9.5
-1.7
-6.2
2 949.0
Jun
36 630
11 150
2 172
0.3
-0.2
-0.3
2 240.4
Jul
37 077
11 186
2 091
1.2
0.3
-3.7
1 752.0
Aug
36 232
11 381
2 184
-2.3
1.7
4.4
2 176.1
Sep
36 449
11 679
2 258
0.6
2.6
3.4
2 082.4
Oct
39 262
12 081
2 367
7.7
3.4
4.8
2 511.6
Nov
41 931
12 222
2 432
6.8
1.2
2.7
2 707.3
Source: Bovespa, Dow Jones and Nasdaq
1/ Daily average.
120 |
Boletim do Banco Central do Brasil
|
January 2007
III.13 – Market value – Open capital companies – Bovespa
##
Period
Value of companies listed in the Bovespa index
R$ billion Variation %
US$ billion
1/
Total value of companies listed in Bovespa
Variation %
R$ billion Variation %
US$ billion
1/
Variation %
Number of
companies
2002
Dec
294.0
5.32
83.2
8.40
438.3
4.36
124.0
7.41
399
2003
Dec
493.6
14.27
170.9
16.65
676.7
13.07
234.2
15.43
369
2004
Dec
642.0
6.20
241.9
9.25
904.9
6.67
340.9
9.74
358
358
2005
2006
Jan
615.3
-4.16
234.4
-3.08
871.3
-3.72
331.9
-2.63
Feb
701.4
13.99
270.3
15.30
975.0
11.90
375.7
13.18
359
Mar
664.0
-5.33
249.1
-7.86
930.7
-4.54
349.1
-7.09
359
Apr
596.7
-10.14
235.7
-5.35
847.3
-8.96
334.7
-4.11
355
May
622.5
4.31
258.9
9.84
854.0
0.79
355.3
6.14
356
Jun
635.1
2.04
270.2
4.35
862.3
0.97
366.9
3.26
353
Jul
659.6
3.85
275.9
2.11
890.4
3.27
372.5
1.54
349
Aug
712.5
8.02
301.4
9.24
950.6
6.75
402.2
7.96
344
Sep
795.5
11.65
358.0
18.76
1 051.0
10.56
472.9
17.60
344
Oct
756.4
-4.92
335.5
-6.27
1 014.2
-3.50
449.9
-4.87
345
Nov
808.5
6.89
366.3
9.18
1 074.4
5.94
486.8
8.21
345
Dec
841.2
4.04
359.4
-1.90
1 128.5
5.03
482.1
-0.97
343
Jan
985.6
17.16
444.8
23.76
1 292.0
14.49
583.1
20.94
339
Feb
978.4
-0.73
458.2
3.02
1 298.1
0.47
607.9
4.26
340
Mar
963.8
-1.50
443.7
-3.17
1 285.3
-0.99
591.7
-2.67
336
Apr
1 039.8
7.89
497.7
12.18
1 368.0
6.43
654.8
10.67
341
May
961.4
-7.54
417.9
-16.04
1 299.1
-5.04
564.7
-13.76
341
Jun
952.5
-0.92
440.1
5.31
1 283.5
-1.20
593.1
5.02
339
Jul
968.5
1.69
445.1
1.13
1 271.7
-0.93
584.4
-1.47
342
Aug
949.6
-1.96
444.0
-0.24
1 268.0
-0.29
592.9
1.46
340
Sep
986.8
3.92
453.9
2.23
1 269.1
0.09
583.7
-1.54
341
Oct
1 046.3
6.02
488.2
7.57
1 352.6
6.58
631.2
8.13
346
Nov
1 114.5
6.52
514.4
5.35
1 457.5
7.76
672.7
6.57
347
Source: São Paulo Stock Exchange (Bovespa )
1/ Exchange rate (selling price) end of period.
January 2007 | Boletim do Banco Central do Brasil |
121
Statistical Tables
IV
Public Finance
Explanatory note to the tables in Chapter IV of the Boletim
do Banco Central do Brasil
With the objective of adjusting the data from the Banco Central do Brasil Bulletin to the current economic
reality, alterations have been carried out in Chapter IV of Public Finance, as of volume 42 number 3. Such alterations
concern the exclusion of some tables and the inclusion of new ones. The excluded tables show data that have
become irrelevant in the current scenario of price stablility and floating exchange rate. The data belonging to those
tables are still available in the Banco Central time series. Parallel to this, the new tables introduce data that help to
analyze more accurately the public debt management policy regarding terms, growth conditioning factors and open
market and swap operations.
Tables excluded
Number Title
IV.11
IV.15
IV.17
IV.18
IV.19
IV.20
IV.21
IV.22
IV.23
Federal domestic securities and open market operations – Percentage share of index
Net Public Sector Debt (NPSD) – In US$
Public Sector Borrowing Requirements (PSBR) – Flows in 12 months
PSBR – 12-month flow at price of last month indecated
PSBR – With exchange devaluation on the internal securities debt – Cumulative flows for the year as % of GDP
PSBR – With exchange devaluation on the internal securities debt – 12-month flows
PSBR – With exchange devaluation on the internal securities debt – 12-month flows at price of last month indicated
PSBR – State-owned companies – 12-month flows
PSBR – State-owned companies – 12-month flows at price of last month indicated
Tables included
Number Title
IV.11
IV.12
IV.13
IV.17
IV.18
IV.19
IV.20
IV.21
IV.23
Federal domestic securities and open market operations – Percentage share of index
Duration and term of federal securities – Securities issued through public offer
Federal securities – Maturity schedule
Net public debt – Percentage share of index
Net debt evolution – Conditioning factors – Monthly flows
Net debt evolution – Conditioning factors – Flows accumulated in the year
Gross and net general government debt
Public sector borrowing requirements – Monthly flows
Public sector borrowing requirements – Flows in 12 months
The sequence of some tables has also been changed, as follows:
Version
No. of table
Previous
New
IV.12
IV.14
IV.13
IV.15
IV.14
IV.16
IV.16
IV.22
IV.26
IV.25
IV.27
IV.26
January 2007 | Boletim do Banco Central do Brasil |
125
IV.1 – Central Government primary result
Above the line concept
Flows in R$ million
Revenues
End-
Expenditures
ofperiod
National Treasury
Social Security
Total
National Treasury
Social Security
Total
(a)
(b)
c = (a+b)
(d)
(e)
f = (d+e)
1999
161 838
49 068
210 906
129 798
58 540
188 338
2000
180 801
55 717
236 518
147 344
65 787
213 131
2001
207 549
62 490
270 039
172 283
75 328
247 611
2002
248 602
71 027
319 629
199 111
88 028
287 139
2003
274 933
80 731
355 664
209 043
107 135
316 178
2004
324 612
93 765
418 377
242 925
125 751
368 676
2005
378 550
108 433
486 983
287 844
146 010
433 854
Jan
33 310
8 047
41 357
22 335
10 498
32 833
Feb
27 740
7 371
35 111
21 861
11 169
33 030
Mar
29 875
8 236
38 111
20 946
10 573
31 519
Apr
34 091
8 598
42 689
19 367
10 612
29 979
May
28 639
8 188
36 827
23 550
10 531
34 081
Jun
31 693
8 589
40 282
22 756
11 736
34 492
Jul
31 604
8 475
40 079
23 749
11 561
35 310
Aug
30 214
8 952
39 166
23 634
11 561
35 195
Sep
27 865
8 748
36 613
22 355
11 461
33 816
Oct
32 627
8 699
41 326
23 672
11 836
35 508
Nov
30 660
9 044
39 704
26 344
12 071
38 415
Dec
40 232
15 486
55 718
37 275
22 401
59 676
378 121
106 130
484 251
282 447
146 140
428 587
Jan
37 277
8 204
45 481
28 395
13 048
41 443
Feb
29 130
9 319
38 449
23 139
11 759
34 898
Mar
32 110
9 194
41 304
22 242
11 806
34 048
Apr
39 503
9 281
48 784
22 150
11 891
34 041
May
32 634
9 573
42 207
26 366
12 885
39 251
Jun
34 590
9 656
44 246
25 444
12 812
38 256
Jul
34 969
9 734
44 703
28 516
13 172
41 688
Aug
35 272
10 020
45 292
25 784
13 121
38 905
Sep
34 187
10 420
44 607
25 070
18 987
44 057
Oct
36 352
10 315
46 667
25 945
13 358
39 303
Nov
32 097
10 414
42 511
29 396
13 301
42 697
2006
(continues)
January 2007 | Boletim do Banco Central do Brasil |
127
IV.1 – Central Government primary result
Above the line concept
(concluded)
Flows in R$ million
Banco Central result Central government result1/
Federal government result
Endofperiod
National Treasury
Social Security
Total
g = (a-d)
h = (b-e)
i = (g+h)
(j)
k = (i+j)
1999
32 040
- 9 472
22 568
- 742
21 826
2000
33 457
- 10 070
23 387
- 477
22 910
2001
35 266
- 12 838
22 428
- 690
21 738
2002
49 491
- 17 001
32 490
- 777
31 713
2003
65 890
- 26 404
39 486
- 195
39 291
2004
81 688
- 31 986
49 701
- 336
49 365
2005
90 706
- 37 577
53 129
- 314
52 815
Jan
10 975
- 2 451
8 524
- 18
8 506
Feb
5 879
- 3 798
2 081
38
2 119
Mar
8 929
- 2 337
6 592
- 20
6 572
Apr
14 724
- 2 014
12 710
- 6
12 704
May
5 089
- 2 343
2 746
- 17
2 729
Jun
8 937
- 3 147
5 790
39
5 829
Jul
7 855
- 3 086
4 769
- 14
4 755
Aug
6 580
- 2 609
3 971
- 217
3 754
Sep
5 510
- 2 713
2 797
- 10
2 787
Oct
8 955
- 3 137
5 818
- 26
5 792
Nov
4 316
- 3 027
1 289
- 11
1 278
Dec
2 957
- 6 915
- 3 958
- 52
- 4 010
95 674
- 40 010
55 664
- 133
55 531
Jan
8 882
- 4 844
4 038
- 16
4 022
Feb
5 991
- 2 440
3 551
22
3 573
Mar
9 868
- 2 612
7 256
4
7 260
Apr
17 353
- 2 610
14 743
- 17
14 726
May
6 268
- 3 312
2 956
- 11
2 945
Jun
9 146
- 3 156
5 990
- 73
5 917
Jul
6 453
- 3 438
3 015
- 5
3 010
Aug
9 488
- 3 101
6 387
- 22
6 365
Sep
9 117
- 8 567
550
- 39
511
Oct
10 407
- 3 043
7 364
- 6
7 358
Nov
2 701
- 2 887
- 186
30
- 156
2006
Source: STN
1/ (+) = surplus; (-) = deficit.
128 |
Boletim do Banco Central do Brasil
|
January 2007
IV.2 – National Treasury performance summary
Cash basis
Flows in R$ million
1/
Revenues Expenditures
Endof-
Cash
balance
period
Federal Remuneration of Result of
Federal security Renegotiation of Domestic and Resources
security available funds the Banco charges - Banco foreign debt and
operations
in the Banco
Central Central portfolio
Central
acquirement
of warranties
external
available
contracted
debt
amortization
1999
158 781
163 709
- 4 928
39 794
17 388
-
- 9 326
- 798
- 12 665
29 465
2000
239 403
252 634
- 13 231
32 796
12 303
-
- 4 313
0
- 15 472
12 083
2001
272 109
283 755
- 11 646
57 353
15 966
- 6 225
0
- 18 325
38 261
2002
328 257
338 008
- 9 751
4 217
35 420
-
- 11 780
0
- 16 865
1 241
2003
370 911
367 665
3 246
66 265
19 848
-
- 15 696
0
- 38 632
35 031
2004
436 351
417 309
19 042
13 653
18 447
7 998
- 22 560
0
- 20 546
16 035
497 009
504 219
- 7 210
70 800
28 378
0
- 26 242
0
- 25 696
40 030
33 354
35 956
- 2 602
2 724
2 115
0
- 2 950
0
- 1 656
- 2 369
2005
Jan
1 138
Feb
38 221
39 433
- 1 212
9 325
931
0
- 1 556
0
- 293
7 195
Mar
40 244
34 361
5 883
19 600
3 706
0
- 1 600
0
- 510
27 079
Apr
38 809
37 571
1 238
- 1 241
815
0
- 1 521
0
- 1 369
- 2 078
May
41 525
40 178
1 347
13 020
1 771
0
- 500
0
- 2 300
13 338
Jun
41 811
40 694
1 117
10 135
2 367
0
- 1 100
0
- 6 620
5 899
Jul
38 323
45 089
- 6 766
4 367
2 614
0
- 3 098
0
- 1 948
- 4 831
Aug
41 314
39 059
2 255
- 2 524
3 600
0
- 1 475
0
- 3 566
- 1 710
Sep
38 691
42 664
- 3 973
15 621
1 871
0
- 1 000
0
- 3 791
8 728
Oct
38 161
42 385
- 4 224
2 483
2 510
0
- 3 584
0
- 383
- 3 198
Nov
44 240
50 039
- 5 799
18 051
2 327
0
- 2 000
0
- 273
12 306
Dec
62 316
56 790
5 526
- 20 761
3 751
0
- 5 858
0
- 2 987
- 20 329
488 756
529 446
- 40 690
95 196
25 351
1 025
- 37 651
0
- 38 640
4 591
Jan
33 811
48 186
- 14 375
14 723
2 688
0
- 380
0
- 4 441
- 1 785
Feb
42 099
39 882
2 217
22 149
1 885
0
- 900
0
- 5 350
20 001
Mar
41 712
37 318
4 394
4 916
2 736
1 025
- 100
0
- 3 238
9 733
Apr
41 830
47 111
- 5 281
- 26 514
2 516
0
- 4 999
0
- 14 448
- 48 726
May
47 218
47 447
- 229
- 24 032
3 109
0
- 7 298
0
- 362
- 28 812
Jun
46 994
49 229
- 2 235
42 402
1 884
0
- 3 548
0
- 1 937
36 566
Jul
43 989
54 402
- 10 413
- 6 904
1 741
0
- 5 524
0
- 4 271
- 25 371
Aug
46 981
49 316
- 2 335
15 667
1 796
0
- 4 080
0
- 877
10 171
Sep
47 838
47 709
129
28 325
2 716
0
- 1 775
0
- 2 165
27 230
Oct
46 237
48 901
- 2 664
4 769
1 877
0
- 4 600
0
- 1 661
- 2 279
Nov
50 047
59 945
- 9 898
19 695
2 403
0
- 4 447
0
110
7 863
2006
Source: STN
1/ As of January 2000, the Social Security net inflow and mandatory corporate contribution for education were also included.
January 2007 | Boletim do Banco Central do Brasil |
129
IV.3 – National Treasury revenues 1/
Cash basis
Flows in R$ million
End-
Fiscal revenue
ofperiod
Revenues of government
Social Security
credit operations and earnings
net inflow
Total revenues
on available resources in the BB
1999
147 366
11 415
...''''
158 781
2000
172 658
11 297
55 448
239 403
2001
192 796
13 319
65 994
272 109
2002
238 121
13 511
76 625
328 257
2003
269 313
14 736
86 862
370 911
2004
316 643
17 858
101 850
436 351
2005
362 069
20 033
114 907
497 009
Jan
22 416
1 906
9 032
33 354
Feb
28 608
1 614
7 999
38 221
Mar
29 754
1 733
8 757
40 244
Apr
27 975
1 591
9 243
38 809
May
31 037
1 719
8 769
41 525
Jun
31 006
1 749
9 056
41 811
Jul
28 409
1 189
8 725
38 323
Aug
30 003
1 936
9 375
41 314
Set
27 871
1 742
9 078
38 691
Oct
27 382
1 677
9 102
38 161
Nov
33 371
1 422
9 447
44 240
Dec
44 237
1 755
16 324
62 316
2006
356 781
19 931
112 044
488 756
Jan
23 802
1 607
8 402
33 811
Feb
31 046
1 129
9 924
42 099
Mar
29 845
2 263
9 604
41 712
Apr
30 727
1 349
9 754
41 830
May
35 520
2 330
9 368
47 218
Jun
33 490
2 513
10 991
46 994
43 989
Jul
32 012
1 632
10 345
Aug
35 431
1 927
9 623
46 981
Sep
34 303
1 464
12 071
47 838
Oct
33 203
1 991
11 043
46 237
Nov
37 402
1 726
10 919
50 047
Source: STN
1/ As of January 2000, the Social Security net inflow and mandatory corporate contribution for education were also included.
130 |
Boletim do Banco Central do Brasil
|
January 2007
IV.4 – National Treasury expenditures 1/
Cash basis
Flows in R$ million
Endof-
Payroll and
Transfers to
Other
social levies
states and
earmarkings
period
municipalities
Federal
Government
Charges on Current expen-
security
credit
contracted debt ditures, invest-
2/
operations
charges
- domestic and
ment amount
external
to be paid
Social
Total
Security expenditures
benefits
1999
50 169
33 432
6 630
24 618
2 414
11 321
35 125
...''''
163 709
2000
57 177
39 357
8 233
25 042
2 965
13 542
39 502
66 816
252 634
2001
63 347
45 495
9 253
21 518
4 453
16 893
47 372
75 424
283 755
2002
72 874
55 657
9 948
27 006
3 793
19 656
58 378
90 696
338 008
2003
78 198
59 253
13 359
23 740
4 675
29 177
51 316
107 947
367 665
2004
88 254
67 018
14 548
31 682
4 664
14 512
72 266
124 366
417 309
2005
99 460
83 804
17 590
49 585
4 503
23 479
82 538
143 260
504 219
Jan
8 594
7 263
1 634
2 705
118
1 665
3 617
10 360
35 956
Feb
7 890
6 810
1 861
4 096
522
1 665
5 726
10 863
39 433
Mar
7 440
5 822
1 308
2 405
255
826
6 290
10 015
34 361
Apr
7 245
6 707
1 426
3 904
185
2 353
5 360
10 391
37 571
May
7 734
8 145
1 406
3 737
538
1 651
6 271
10 696
40 178
Jun
9 493
6 777
1 409
3 367
443
1 468
6 476
11 261
40 694
Jul
7 442
6 232
1 534
6 747
511
4 782
6 654
11 187
45 089
Aug
7 561
6 779
1 495
2 837
255
1 648
7 210
11 274
39 059
Set
7 380
5 136
1 512
5 519
445
3 422
7 831
11 419
42 664
Oct
7 746
6 348
1 383
6 494
160
887
7 699
11 668
42 385
Nov
11 095
8 403
1 716
4 514
281
161
7 908
15 961
50 039
Dec
9 840
9 382
906
3 260
790
2 951
11 496
18 165
56 790
2006
98 255
82 561
18 168
87 827
3 652
15 043
79 524
144 416
529 446
Jan
11 236
8 201
2 398
8 806
277
1 412
4 805
11 051
48 186
Feb
8 228
7 243
682
3 510
367
1 932
6 601
11 319
39 882
Mar
8 251
6 109
627
4 507
98
- 67
5 831
11 962
37 318
Apr
7 581
7 099
3 103
8 712
236
1 264
6 659
12 457
47 111
May
8 081
8 532
1 574
9 615
315
173
6 633
12 524
47 447
Jun
10 268
8 040
1 648
6 794
356
2 001
7 832
12 290
49 229
Jul
8 418
7 202
1 495
13 237
487
2 426
8 531
12 606
54 402
Aug
8 302
7 848
1 622
5 921
290
2 487
7 637
15 209
49 316
Sep
8 187
6 482
1 717
4 245
306
2 902
7 166
16 704
47 709
Oct
8 035
6 665
1 691
10 450
450
- 33
8 699
12 944
48 901
Nov
11 668
9 140
1 611
12 030
470
546
9 130
15 350
59 945
Source: STN
1/ As of January 2000, Social Security benefits were also included.
2/ Excludes charges on Banco Central's portfolio.
January 2007 | Boletim do Banco Central do Brasil |
131
IV.5 – Social Security
Cash basis
R$ million
Revenues
End-
Expenditures
Operating
of-
balance
period
Inflow
1/
National
Federal
reve-
Treasury
govern-
2/
revenue
ment
Social
antici-
transfer
Security
nues
Total
Benefits
Other
Other
Transfer
expen-
to third
Other ditures3/
Social
Security
5/
Total
balance
4/
parties
pation
(a)
(b)
(c)
(d) e=(a+b+c+d)
(f)
(g)
(h)
(i)
j=(f+g+h+i)
k=(e-j)
1999
52 423
323
123
15 545
68 414
58 541
2 294
4 093
3 298
68 226
188
- 9 412
2000
59 605
533
1 760
15 283
77 181
65 787
2 721
4 072
3 889
76 469
712
- 10 071
2001
66 996
635
- 3
20 543
88 171
75 328
3 368
4 830
4 506
88 032
139
- 12 838
2002
76 080
361
2 939
25 652
105 032
88 028
4 083
4 980
5 053
102 144
2 888
- 17 001
2003
86 588
602
- 3 238
38 275
122 227
107 135
5 062
5 304
5 857
123 359
- 1 131
- 26 405
2004
101 126
2 610
6 885
49 380
160 000
125 751
8 168
10 463
7 360
151 742
8 259
- 31 985
2005
115 954
882
10 324
45 553
172 713
146 009
10 001
8 267
7 519
171 796
917
- 37 574
Jan
8 504
85
1 883
1 203
11 675
10 498
754
666
457
12 375
- 700
- 2 451
Feb
8 501
15
3 096
2 602
14 214
11 169
743
365
1 130
13 407
807
- 3 798
Mar
8 776
- 41
- 1 222
4 527
12 040
10 573
755
415
540
12 283
- 243
- 2 337
Apr
8 842
95
- 8 676
11 798
12 059
10 612
758
322
243
11 935
124
- 2 013
May
8 754
106
825
3 063
12 748
10 531
765
458
566
12 320
428
- 2 343
Jun
9 103
123
2 555
1 937
13 718
11 736
869
538
514
13 657
61
- 3 147
Jul
9 132
114
2 942
1 616
13 804
11 561
871
904
657
13 993
- 189
- 3 086
Aug
9 618
97
2 618
1 598
13 931
11 561
876
840
666
13 943
- 12
- 2 609
Sep
9 423
110
3 039
1 327
13 899
11 461
880
919
675
13 935
- 36
- 2 713
Oct
9 374
48
- 1 420
6 347
14 349
11 836
887
836
675
14 234
115
- 3 137
Nov
9 731
180
1 402
7 572
18 885
12 071
897
827
687
14 482
4 403
- 3 027
Dec
16 196
- 50
3 282
1 963
21 391
22 400
946
1 177
709
25 232
- 3 841
- 6 913
2006
103 596
1 227
- 3 670
60 420
161 573
132 838
10 129
10 413
7 879
161 259
314
- 37 121
Jan
9 435
56
- 7 642
13 879
15 728
13 048
907
1 145
1 231
16 331
- 603
- 4 844
Feb
10 010
124
- 4 759
9 127
14 502
11 759
904
874
692
14 229
273
- 2 441
Mar
9 914
716
3 009
1 265
14 904
11 806
919
1 477
720
14 922
- 18
- 2 612
Apr
9 966
6
3 541
1 999
15 512
11 891
921
869
685
14 366
1 146
- 2 610
May
10 287
28
- 279
5 246
15 282
12 885
1 062
859
713
15 519
- 237
- 3 311
Jun
10 417
77
- 1 365
6 395
15 524
12 812
1 081
973
761
15 627
- 103
- 3 156
Jul
10 464
111
1 412
3 607
15 594
13 172
1 077
1 048
730
16 027
- 433
- 3 438
Aug
10 801
23
5 623
1 806
18 253
13 121
1 080
989
780
15 970
2 283
- 3 100
Sep
11 180
- 11
1 468
7 369
20 006
18 986
1 097
1 137
760
21 980
- 1 974
- 8 566
Oct
11 122
97
- 4 678
9 727
16 268
13 358
1 081
1 042
807
16 288
- 20
- 3 043
Source: Ministério da Previdência e Assistência Social
1/ Includes: banking inflow, Simples, judicial deposits and inflow reimbursements.
2/ Includes financial earnings and other own payments.
3/ Includes personnel and current expenditures.
4/ Includes transfers to Sesi, Senac, Senai, etc.
5/ Includes banking inflow + Simples + judicial deposits - transfers to third parties reimbursements - social security benefits.
132 |
Boletim do Banco Central do Brasil
|
January 2007
IV.6 – Circulation of Goods and Services Tax (ICMS)
Flows in R$ thousand
End-
North region
ofperiod
Acre
Amazonas
Pará
Rondônia
1999
78 306
2000
110 475
1 102 680
902 985
359 089
1 404 444
1 183 937
516 689
2001
132 836
1 655 936
1 480 002
557 721
2002
163 804
1 923 328
1 718 357
2003
208 455
2 193 498
2004
257 213
2005
Roraima
Amapá
Tocantins
Total
68 342
68 837
213 911
2 794 150
101 909
107 821
277 917
3 703 191
118 784
118 400
343 415
4 407 094
622 222
123 889
138 511
416 081
5 106 192
2 131 688
865 534
134 412
147 463
548 664
6 229 714
2 612 640
2 405 823
1 057 535
150 919
184 422
606 391
7 274 943
331 512
3 002 409
2 860 873
1 236 212
235 278
189 825
675 784
8 531 893
Jan
22 249
242 002
238 009
105 084
17 238
15 239
60 930
700 751
Feb
26 091
225 221
197 134
83 742
17 876
14 360
53 232
617 656
Mar
27 220
215 378
205 620
84 772
14 076
17 633
49 858
614 557
Apr
30 136
233 963
208 862
89 958
14 475
16 171
51 927
645 492
May
22 280
235 929
232 187
109 584
18 005
15 886
55 154
689 025
Jun
22 068
242 676
238 280
112 639
18 931
14 088
56 408
705 090
Jul
25 247
251 237
236 348
111 160
21 929
15 330
56 805
718 056
Aug
26 873
248 295
241 259
107 768
21 080
16 018
57 979
719 272
Sep
25 436
267 416
282 131
110 683
24 074
15 051
58 627
783 418
Oct
26 346
278 298
254 335
95 051
21 755
16 267
57 315
749 367
Nov
27 550
284 991
246 154
113 963
22 918
16 094
57 091
768 761
Dec
50 016
277 003
280 554
111 808
22 921
17 688
60 458
820 448
314 796
3 063 928
2 979 092
1 184 555
259 682
197 904
655 832
8 655 789
Jan
26 953
279 063
294 514
104 617
33 975
19 277
61 392
819 791
Feb
34 074
262 513
244 960
103 202
21 503
16 308
53 649
736 209
Mar
26 921
235 630
237 947
98 447
21 103
17 523
53 912
691 483
Apr
34 949
270 462
249 042
91 759
21 526
18 039
54 486
740 263
May
26 182
275 199
241 865
97 568
21 320
18 948
56 269
737 351
Jun
25 338
276 275
261 863
105 793
20 318
16 839
59 680
766 106
Jul
24 259
280 209
264 629
106 453
20 574
16 839
60 327
773 290
Aug
28 743
276 488
273 658
113 810
20 847
17 051
60 799
791 396
Sep*
28 302
302 534
287 441
121 022
28 761
18 740
67 749
854 549
Oct*
28 302
305 351
317 540
122 217
25 144
19 236
63 389
881 179
Nov*
30 773
300 204
305 633
119 667
24 611
19 104
64 180
864 172
2006
(continues)
January 2007 | Boletim do Banco Central do Brasil |
133
IV.6 – Circulation of Goods and Services Tax (ICMS)
Flows in R$ thousand
(continued)
End-
Northeast region
ofperiod
Maranhão
Piauí
Ceará
Rio Grande
Paraíba
Pernambuco
Alagoas
Sergipe
Bahia
Total
do Norte
1999
458 868
340 412
1 541 324
614 280
605 357
1 793 663
416 803
396 497
3 023 236
9 190 440
2000
631 455
429 989
1 867 770
791 539
735 897
2 143 971
539 445
489 795
3 763 961
11 393 822
2001
805 428
467 930
2 121 415
911 350
910 423
2 394 617
592 673
578 004
4 242 537
13 024 377
2002
921 537
544 160
2 423 682
1 016 366
925 133
2 865 015
649 029
689 971
5 153 876
15 188 769
2003
979 435
612 351
2 633 551
1 186 566
1 040 965
3 177 689
799 452
764 511
5 871 356
17 065 876
2004
1 185 157
761 713
2 994 082
1 394 632
1 125 408
3 667 070
973 292
873 014
7 132 795
20 107 163
2005
1 464 277
902 279
3 144 614
1 616 467
1 336 564
4 313 803
1 100 365
1 010 709
7 830 841
22 719 919
Jan
117 661
73 532
267 614
142 991
113 262
374 450
97 027
90 782
702 205
1 979 524
Feb
119 922
59 633
247 520
118 199
101 333
345 537
81 681
73 792
574 434
1 722 051
Mar
113 216
60 612
229 396
114 000
102 860
311 393
88 216
66 253
542 811
1 628 757
Apr
123 948
69 891
245 706
139 397
108 422
335 414
96 369
84 395
596 497
1 800 039
May
114 582
73 435
275 656
127 118
108 762
341 624
85 002
72 073
664 551
1 862 803
Jun
109 672
81 859
204 280
130 302
112 537
352 518
98 142
76 885
689 365
1 855 560
Jul
125 603
74 451
254 131
132 593
105 598
336 869
82 781
108 616
572 365
1 793 007
Aug
122 026
73 770
262 171
135 272
110 038
342 025
83 882
83 287
585 623
1 798 094
Sep
122 366
87 607
303 206
144 961
116 386
363 624
97 004
81 864
814 144
2 131 162
Oct
140 636
82 166
283 667
135 919
112 253
367 064
87 640
86 757
690 860
1 986 962
Nov
127 112
73 774
255 574
140 814
122 134
437 681
84 450
90 039
671 288
2 002 866
Dec
127 533
91 549
315 693
154 901
122 979
405 604
118 171
95 966
726 698
2 159 094
1 666 086
970 901
3 497 550
1 738 952
1 389 956
4 396 058
1 155 574
1 040 168
7 887 443
23 742 688
Jan
154 021
84 234
338 841
160 940
135 168
430 576
115 256
100 167
694 170
2 213 373
Feb
160 992
72 464
272 430
143 668
126 127
375 207
91 863
84 539
674 880
2 002 170
Mar
147 246
101 643
250 481
138 134
114 336
352 086
89 775
80 320
641 591
1 915 612
Apr
139 990
74 699
344 939
138 979
122 308
417 140
100 707
88 690
676 300
2 103 752
May
124 338
78 700
217 845
157 721
121 891
382 259
123 448
85 076
631 302
1 922 580
Jun
136 555
90 301
249 903
153 122
121 705
401 401
96 136
90 605
660 586
2 000 314
Jul
156 069
84 960
286 768
149 641
122 473
396 861
92 282
80 686
659 856
2 029 596
Aug
151 219
90 668
334 445
167 894
130 799
392 404
100 448
88 298
680 917
2 137 092
Sep*
180 217
95 735
392 028
191 827
134 919
415 458
94 141
96 132
905 653
2 506 110
Oct*
156 539
89 436
404 935
166 201
127 033
402 310
133 497
147 363
831 094
2 458 408
Nov*
158 900
108 061
404 935
170 825
133 197
430 356
118 021
98 292
831 094
2 453 681
2006
(continues)
134 |
Boletim do Banco Central do Brasil
|
January 2007
IV.6 – Circulation of Goods and Services Tax (ICMS)
Flows in R$ thousand
(continued)
End-
Southeast region
South region
ofperiod
Minas Gerais
Espírito Santo
Rio de Janeiro
São Paulo
Total
Paraná
Santa
Rio Grande
Catarina
do Sul
Total
1999
6 471 129
1 605 703
7 229 981
25 244 406
40 551 219
3 454 255
2 275 124
4 659 503
10 388 882
2000
7 562 363
2 004 531
8 169 916
30 618 863
48 355 673
4 355 485
2 756 601
5 643 999
12 756 086
14 999 289
2001
9 223 821
2 490 518
9 368 880
33 693 292
54 776 511
5 002 579
3 290 356
6 706 354
2002
9 543 622
2 381 617
10 409 117
37 254 155
59 588 511
5 786 722
3 858 352
7 441 494
17 086 568
2003
11 026 332
2 934 516
11 180 563
40 289 405
65 430 816
6 709 703
4 663 419
8 988 843
20 361 965
2004
13 221 766
3 732 002
13 051 844
45 922 468
75 928 080
7 824 123
5 258 227
9 637 938
22 720 288
2005
15 637 858
4 635 618
13 396 127
51 001 253
84 670 856
8 759 645
5 836 075
11 381 938
25 977 658
Jan
1 268 725
366 208
1 287 878
4 250 545
7 173 356
792 664
534 413
825 083
2 152 160
Feb
1 148 679
344 015
1 080 412
3 918 419
6 491 525
626 781
455 431
781 148
1 863 360
Mar
1 164 519
369 519
1 060 466
4 046 888
6 641 392
661 606
462 764
826 768
1 951 138
Apr
1 212 316
392 448
1 126 671
4 223 435
6 954 870
752 029
495 755
921 338
2 169 122
May
1 278 488
393 321
1 080 253
4 125 686
6 877 748
748 622
512 661
887 428
2 148 711
Jun
1 534 551
390 573
968 391
4 190 095
7 083 610
621 639
487 963
931 813
2 041 415
Jul
1 379 841
378 628
1 041 432
4 170 803
6 970 704
701 946
439 272
899 886
2 041 104
Aug
1 311 334
384 444
1 041 432
4 231 373
6 968 583
781 234
482 249
930 894
2 194 377
Sep
1 341 825
409 712
1 114 175
4 374 973
7 240 685
711 936
499 623
1 029 007
2 240 566
Oct
1 286 886
398 860
1 090 089
4 409 775
7 185 610
766 051
488 090
1 247 687
2 501 828
Nov
1 319 802
379 098
1 199 233
4 440 130
7 338 263
759 539
469 699
1 011 042
2 240 280
Dec
1 390 892
428 792
1 305 695
4 619 131
7 744 510
835 598
508 155
1 089 844
2 433 597
15 482 407
4 603 808
13 364 839
52 428 721
85 879 775
8 435 989
5 592 244
10 859 985
24 888 218
Jan
1 405 100
420 817
1 314 284
4 560 043
7 700 244
807 291
577 546
1 101 593
2 486 430
Feb
1 280 468
398 454
1 076 847
3 742 525
6 498 294
758 622
452 090
893 999
2 104 711
Mar
1 298 561
370 908
1 100 750
4 883 639
7 653 858
809 544
494 138
910 184
2 213 866
Apr
1 305 141
432 688
1 042 952
4 539 463
7 320 244
786 778
494 683
952 411
2 233 872
May
1 358 557
379 309
1 159 611
4 632 751
7 530 228
715 114
501 681
910 858
2 127 653
Jun
1 429 944
416 988
1 186 907
4 576 974
7 610 813
797 858
504 869
1 043 200
2 345 927
Jul
1 449 007
414 504
1 221 351
4 456 721
7 541 583
679 621
522 299
931 671
2 133 591
Aug
1 437 896
419 380
1 233 337
4 583 451
7 674 064
700 312
519 808
903 043
2 123 163
Sep*
1 487 261
441 338
1 330 125
4 733 161
7 991 885
773 037
518 046
1 103 710
2 394 793
Oct*
1 516 114
446 314
1 350 755
5 474 834
8 788 017
789 290
503 542
1 055 106
2 347 938
Nov*
1 514 358
463 108
1 347 920
6 245 159
9 570 545
818 522
503 542
1 054 210
2 376 274
2006
(continues)
January 2007 | Boletim do Banco Central do Brasil |
135
IV.6 – Circulation of Goods and Services Tax (ICMS)
Flows in R$ thousand
(concluded)
End-
Central-west region
Total - Brazil
ofperiod
Distrito Federal
Goiás
Mato Grosso
Mato Grosso do Sul
Total
1999
1 121 094
1 830 593
2000
1 414 069
2 178 832
1 113 259
883 951
4 948 897
67 874 156
1 415 797
1 037 156
6 045 853
2001
1 598 339
82 269 693
2 615 094
1 543 252
1 243 930
7 000 615
2002
94 156 996
1 797 393
3 020 440
1 864 312
1 332 005
8 014 150
104 984 190
2003
2 206 574
3 698 715
2 474 555
1 859 637
10 239 481
119 327 852
2004
2 580 823
3 978 086
3 321 144
2 349 044
12 229 097
138 259 571
2005
2 935 715
4 223 689
3 413 595
2 666 873
13 239 872
155 140 198
Jan
274 653
330 973
278 048
219 283
1 102 957
13 108 748
Feb
224 100
337 070
252 492
201 675
1 015 337
11 709 929
Mar
219 474
307 966
282 699
219 530
1 029 669
11 865 513
Apr
237 543
328 691
317 756
232 758
1 116 748
12 686 271
May
245 685
341 778
295 313
215 742
1 098 518
12 676 805
Jun
232 671
338 945
288 202
218 682
1 078 500
12 764 175
Jul
246 554
333 523
293 268
220 042
1 093 387
12 616 258
Aug
238 087
357 366
305 165
227 795
1 128 413
12 808 739
Sep
250 068
420 396
286 491
241 006
1 197 961
13 593 792
Oct
239 926
384 429
274 882
207 615
1 106 852
13 530 619
Nov
250 253
372 843
267 132
221 163
1 111 391
13 461 561
Dec
276 701
369 709
272 147
241 582
1 160 139
14 317 788
3 035 053
4 148 614
2 869 211
2 749 627
12 802 505
155 968 975
Jan
295 855
351 781
262 271
245 096
1 155 003
14 374 841
Feb
239 899
430 150
217 589
215 508
1 103 146
12 444 530
Mar
249 185
438 550
255 934
251 183
1 194 852
13 669 671
Apr
275 774
249 081
244 186
236 552
1 005 593
13 403 724
May
268 382
414 954
243 729
230 009
1 157 074
13 474 886
Jun
268 468
351 805
236 455
244 411
1 101 139
13 824 299
Jul
259 622
358 511
262 204
245 532
1 125 869
13 603 929
Aug
266 673
385 553
271 088
257 272
1 180 586
13 906 301
Sep*
345 026
361 644
281 299
266 439
1 254 408
15 001 745
Oct*
288 127
334 650
297 670
273 248
1 193 695
15 669 237
Nov*
278 042
471 935
296 786
284 377
1 331 140
16 595 812
2006
Source: MF/Cotepe
136 |
Boletim do Banco Central do Brasil
|
January 2007
IV.7 – Transfers of funds from the National Treasury to states and
municipalities 1/
Flows in R$ thousand
End-
North region
ofperiod
Acre
Amazonas
Pará
Rondônia
Roraima
Amapá
Tocantins
Total
1999
486 336
574 451
1 632 821
458 523
336 627
475 421
737 545
4 701 724
2000
576 642
661 023
1 776 434
548 665
428 569
559 640
855 107
5 406 080
2001
677 789
787 902
2 005 565
647 403
496 306
657 762
1 005 421
6 278 148
2002
838 436
981 440
2 407 136
798 482
624 046
812 443
1 244 221
7 706 204
2003
806 909
1 022 779
2 455 353
828 934
645 112
841 386
1 293 359
7 893 832
2004
899 415
1 160 496
2 867 413
934 262
723 684
940 783
1 445 760
8 971 813
2005
1 189 816
1 399 917
3 479 783
1 148 203
890 609
1 140 175
1 783 377
11 031 880
Jan
110 944
130 202
308 993
108 211
83 642
105 634
167 433
1 015 059
Feb
94 338
111 572
262 074
90 145
70 396
90 483
140 105
859 113
Mar
90 891
105 086
275 124
86 542
67 524
86 870
134 966
847 003
Apr
101 250
117 780
292 749
99 124
76 056
96 012
154 243
937 214
May
110 774
127 130
311 211
105 656
82 682
105 235
164 544
1 007 232
Jun
107 130
122 587
301 433
102 354
80 110
102 006
159 431
975 051
Jul
91 244
111 496
282 423
89 121
69 057
86 753
139 894
869 988
Ago
90 560
106 266
261 967
87 654
67 730
86 372
134 897
835 446
Sep
75 689
90 445
225 018
72 838
56 632
72 353
112 812
705 787
Oct
90 910
110 207
269 523
90 028
68 805
91 660
140 233
861 366
Nov
75 689
90 445
225 018
72 838
56 632
72 353
112 812
705 787
Dec
150 397
176 701
464 250
143 692
111 343
144 444
222 007
1 412 834
1 211 063
1 418 626
3 416 679
1 165 700
917 802
1 164 233
1 823 135
11 117 238
Jan
127 311
151 420
357 287
123 963
98 575
120 340
194 743
1 173 639
Feb
106 150
117 609
265 877
99 692
81 606
98 756
158 732
928 422
Mar
98 754
110 519
266 936
93 167
73 756
94 089
146 616
883 837
Apr
114 066
130 935
311 000
110 480
85 855
108 391
173 401
1 034 128
May
122 092
136 960
324 267
115 398
91 115
116 853
181 159
1 087 844
Jun
119 418
141 016
348 469
114 012
88 925
116 381
176 837
1 105 058
Jul
109 761
128 207
308 179
107 052
82 669
104 798
167 532
1 008 198
Aug
107 741
122 483
289 938
101 958
80 402
103 199
159 859
965 580
Sep
100 085
116 184
273 673
94 881
75 827
95 897
148 542
905 089
Oct
93 986
112 116
263 430
92 567
74 079
89 885
144 814
870 877
Nov
111 699
151 177
407 623
112 530
84 993
115 644
170 900
1 154 566
2006
(continues)
January 2007 | Boletim do Banco Central do Brasil |
137
IV.7 – Transfers of funds from the National Treasury to states and
municipalities1/
Flows in R$ thousand
(continued)
End-
Northeast region
ofperiod
Maranhão
Piauí
Ceará
Rio Grande
Paraíba
Pernambuco
Alagoas
Sergipe
Bahia
Total
do Norte
1999
1 710 024
904 819
1 739 014
844 797
1 039 256
1 587 200
842 149
694 292
2 854 336
12 215 887
2000
1 907 818
1 035 443
1 915 161
984 945
1 190 380
1 820 528
989 902
821 320
3 138 735
13 804 232
2001
2 191 690
1 202 356
2 233 307
1 160 231
1 392 471
2 122 741
1 153 315
966 278
3 638 125
16 060 514
2002
2 628 286
1 486 891
2 728 306
1 433 804
1 721 706
2 615 138
1 422 104
1 194 339
4 379 973
19 610 547
2003
2 719 188
1 533 372
2 857 616
1 488 531
1 789 569
2 694 589
1 474 817
1 258 616
4 461 652
20 277 950
2004
3 157 013
1 724 381
3 196 328
1 688 132
2 001 261
2 994 544
1 702 931
1 383 037
4 915 312
22 762 939
2005
3 777 860
2 102 916
3 919 078
2 079 390
2 456 758
3 671 357
2 066 631
1 695 165
5 927 035
27 696 190
Jan
330 331
195 814
367 386
195 040
229 981
345 891
191 255
158 929
556 609
2 571 236
Feb
278 536
164 681
309 358
162 449
194 034
289 182
161 959
134 060
463 916
2 158 175
Mar
309 267
160 909
296 318
155 947
186 180
277 564
157 388
128 617
445 879
2 118 069
Apr
317 095
180 296
335 764
177 886
210 249
315 637
175 279
144 694
512 054
2 368 954
May
339 764
193 616
361 524
190 433
227 670
338 978
189 912
157 601
542 237
2 541 735
Jun
329 610
187 665
350 081
184 397
220 540
328 415
184 037
152 504
524 116
2 461 365
Jul
313 485
165 924
305 239
161 249
190 220
285 572
156 912
131 020
464 754
2 174 375
Ago
285 804
159 005
297 625
156 642
187 112
279 112
159 980
129 026
449 147
2 103 453
Sep
239 935
133 322
250 051
144 054
156 542
233 129
132 016
107 956
379 403
1 776 408
Oct
289 045
163 501
304 996
161 113
189 804
285 019
158 689
130 680
469 070
2 151 917
Nov
239 935
133 323
250 051
131 464
156 542
233 165
132 016
107 956
379 403
1 763 855
Dec
505 053
264 860
490 685
258 716
307 884
459 693
267 188
212 122
740 447
3 506 648
3 738 031
2 141 340
3 952 852
2 089 761
2 490 894
3 675 688
2 066 818
1 709 748
5 988 955
27 854 087
Jan
384 296
225 535
408 284
218 905
257 735
386 340
215 737
176 978
628 979
2 902 789
Feb
308 461
184 346
330 578
176 936
211 633
295 656
174 664
146 436
499 926
2 328 636
Mar
313 163
172 038
317 811
167 987
202 051
297 247
164 595
139 099
473 779
2 247 770
Apr
362 467
203 281
372 386
197 417
235 181
348 657
191 151
161 600
563 967
2 636 107
May
369 365
214 736
394 697
207 896
249 896
369 282
204 504
172 201
588 757
2 771 334
Jun
349 822
210 977
395 802
205 193
245 205
369 376
204 481
169 248
599 559
2 749 663
Jul
352 559
196 197
361 412
190 869
226 773
338 452
185 230
155 925
551 094
2 558 511
Aug
328 330
189 542
349 084
183 732
220 706
326 484
180 754
152 013
523 343
2 453 988
Sep
306 989
176 150
325 234
171 121
205 334
304 086
168 252
141 298
491 550
2 290 014
Oct
294 907
169 063
311 176
164 366
194 763
291 594
159 260
133 863
481 561
2 200 553
Nov
367 672
199 475
386 388
205 339
241 617
348 514
218 190
161 087
586 440
2 714 722
2006
(continues)
138 |
Boletim do Banco Central do Brasil
|
January 2007
IV.7 – Transfers of funds from the National Treasury to states and
municipalities 1/
Flows in R$ thousand
(continued)
End-
Southeast region
South region
ofperiod
1999
Minas Gerais
Espírito Santo
Rio de Janeiro
São Paulo
Total
Paraná
Santa
Rio Grande
Catarina
do Sul
Total
3 145 610
692 888
814 016
3 751 486
8 404 000
1 893 100
977 706
1 852 057
4 722 863
2000
3 392 035
723 779
1 000 353
3 720 564
8 836 731
2 008 980
1 080 368
2 058 542
5 147 890
2001
3 813 190
819 692
1 101 646
4 018 070
9 752 598
2 232 813
1 225 131
2 281 181
5 739 125
2002
4 542 974
956 081
1 321 077
4 735 071
11 555 203
2 696 225
1 449 844
2 690 351
6 836 420
2003
4 622 189
984 810
1 333 502
4 941 423
11 881 924
2 740 121
1 506 505
2 783 353
7 029 979
2004
5 204 175
1 153 571
1 598 092
5 281 647
13 237 485
3 119 926
1 689 198
3 042 711
7 851 835
2005
6 343 135
1 378 063
1 933 449
6 379 196
16 033 843
3 785 409
2 055 597
3 674 700
9 515 706
Jan
600 548
127 970
188 103
612 620
1 529 241
357 938
194 782
345 918
898 638
Feb
488 624
105 956
145 051
478 408
1 218 039
288 187
156 872
280 525
725 584
Mar
471 077
102 706
140 613
463 839
1 178 235
278 608
151 733
271 375
701 716
Apr
556 738
119 140
172 436
574 501
1 422 815
332 456
181 120
321 205
834 781
May
565 986
120 789
168 144
544 496
1 399 415
331 620
180 913
322 420
834 953
Jun
546 526
116 386
158 914
524 703
1 346 529
319 340
173 304
309 456
802 100
Jul
509 886
102 646
160 133
534 120
1 306 785
305 386
165 511
294 143
765 040
Ago
476 051
111 336
144 291
471 902
1 203 580
282 945
154 978
276 726
714 649
Sep
408 137
91 719
126 741
415 047
1 041 644
245 862
134 919
241 489
622 270
Oct
519 544
105 542
166 059
559 083
1 350 228
321 070
171 681
308 354
801 105
Nov
408 137
91 720
126 741
406 252
1 032 850
245 862
131 046
241 489
618 397
Dec
791 881
182 153
236 223
794 225
2 004 482
476 135
258 738
461 600
1 196 473
6 259 973
1 322 358
1 898 757
6 087 826
15 568 914
3 701 823
2 006 218
3 540 986
9 249 027
Jan
674 724
147 628
207 209
680 405
1 709 966
405 912
221 516
386 502
1 013 930
Feb
496 157
95 683
140 553
433 085
1 165 478
282 484
156 110
271 116
709 710
Mar
470 023
93 010
135 050
407 323
1 105 406
267 239
147 079
255 948
670 266
Apr
573 335
111 150
173 909
534 265
1 392 659
330 779
181 626
314 195
826 600
May
597 008
117 425
171 714
545 743
1 431 890
342 067
184 269
327 113
853 449
Jun
669 593
143 668
209 651
742 104
1 765 016
402 848
205 800
389 064
997 712
Jul
577 233
114 969
179 957
575 003
1 447 162
338 276
182 786
322 254
843 316
Aug
534 842
106 505
158 401
497 427
1 297 175
309 316
167 366
297 302
773 984
Sep
507 348
102 744
156 914
501 415
1 268 421
297 286
162 464
288 333
748 083
Oct
518 637
103 550
165 392
542 173
1 329 752
312 535
165 637
296 369
774 541
Nov
641 073
186 026
200 007
628 883
1 655 989
413 081
231 565
392 790
1 037 436
2006
(continues)
January 2007 | Boletim do Banco Central do Brasil |
139
IV.7 – Transfers of funds from the National Treasury to states and
municipalities1/
Flows in R$ thousand
(concluded)
End-
Central-west region
Total - Brazil
ofperiod
Distrito Federal
1999
2000
Goiás
Mato Grosso
Mato Grosso do Sul
Total
123 608
868 055
638 262
419 497
2 049 422
32 093 896
157 673
1 034 112
720 916
484 639
2 397 340
35 592 273
2001
186 573
1 202 920
821 896
553 456
2 764 845
40 595 230
2002
229 297
1 485 757
997 376
675 662
3 388 092
49 096 466
2003
225 098
1 520 652
1 024 471
699 119
3 469 340
50 553 024
2004
256 613
1 736 976
1 233 580
798 885
4 026 054
56 850 126
2005
321 903
2 138 728
1 517 460
979 235
4 957 326
69 234 944
Jan
31 803
207 259
142 328
96 812
478 202
6 492 376
Feb
23 994
163 465
114 945
73 766
376 170
5 337 081
Mar
23 110
157 058
110 782
70 882
361 832
5 206 855
Apr
30 672
190 829
132 718
87 524
441 743
6 005 507
May
27 784
190 966
132 703
85 647
437 100
6 220 435
Jun
26 989
184 915
128 754
82 987
423 645
6 008 690
Jul
28 682
175 194
122 315
80 743
406 934
5 523 122
Ago
23 176
157 861
104 341
71 294
356 672
5 213 800
Sep
19 758
133 327
102 554
60 602
316 241
4 462 350
Oct
27 303
181 280
128 297
87 219
424 099
5 588 715
Nov
19 758
133 327
102 554
60 602
316 241
4 437 130
Dec
38 874
263 247
195 169
121 157
618 447
8 738 884
315 240
2 147 773
1 475 492
974 842
4 913 347
68 702 613
Jan
36 504
234 755
166 339
108 260
545 858
7 346 182
Feb
24 126
175 736
112 951
76 758
389 571
5 521 817
Mar
22 587
165 359
106 655
72 553
367 154
5 274 433
Apr
31 014
206 066
132 207
91 491
460 778
6 350 272
May
29 161
205 980
134 423
91 198
460 762
6 605 279
Jun
33 694
209 534
144 495
97 124
484 847
7 102 296
Jul
31 875
202 464
131 754
91 166
457 259
6 314 446
Aug
25 906
182 431
119 553
81 185
409 075
5 899 802
Sep
24 179
170 479
112 216
76 100
382 974
5 594 581
Oct
26 872
183 114
121 335
87 390
418 711
5 594 434
Nov
29 322
211 855
193 564
101 617
536 358
7 099 071
2006
Source: STN
1/ Refers to State and Municipalities Equity Funds, Export Funds, Tax on Financial Transactions - Gold, Tax on Rural Properties. The values of refunds of ICMS according to
LC 87 are included as of January 1997.
140 |
Boletim do Banco Central do Brasil
|
January 2007
IV.8 – Federal domestic securities issued
National Treasury liabilities
Balances in R$ million
End-
LFT
LTN
BTN
NTN
of-
CTN/
Partial Securitized
CFT
Percentage change
Total
credits
period
Nominal
TDA/CDP/
Real
1/
Agrarian
debt
In
month
...
In 12
In
year months
In
month
In
In 12
year months
1999 Dec
291 895
49 253
67
111 999
11 292
464 507
464 507
1
20
20
0
0
0
2000 Dec
349 498
108 852
64
48 049
14 280
520 743
27 982
548 724
1
25
25
1
14
14
2001 Dec
435 992
81 209
67
134 079
19 366
670 713
21 564
692 277
2
24
24
1
12
12
2002 Dec
462 950
34 634
100
217 098
19 214
733 997
24 850
758 846
1
22
22
- 2
- 4
- 4
2003 Dec
499 621
169 774
74
200 748
18 236
888 453
23 789
912 242
- 2
17
17
- 3
8
8
2004 Dec
552 300
249 489
62
190 975
17 343
1 010 168
29 850
1 040 018
3
12
12
2
0
0
2005 Jan
595 527
220 160
61
182 220
17 145
1 015 114
29 936
1 045 050
1
1
13
1
1
2
Feb
591 182
239 438
61
181 952
16 906
1 029 539
30 038
1 059 577
1
2
13
0
1
2
Mar
601 055
267 401
58
182 415
16 991
1 067 920
29 927
1 097 847
3
5
13
1
3
2
Apr
614 867
256 677
55
180 975
16 888
1 069 462
29 677
1 099 139
0
5
13
0
3
3
May
623 243
280 761
52
176 356
16 686
1 097 099
29 918
1 127 017
2
7
16
3
6
9
Jun
626 313
300 931
51
178 026
16 480
1 121 801
29 930
1 151 731
2
9
16
2
8
10
Jul
643 874
287 909
53
182 417
16 359
1 130 611
28 627
1 159 238
1
10
17
1
10
13
Aug
621 035
308 711
52
182 201
16 138
1 128 137
30 587
1 158 724
1
11
17
2
12
15
Set
609 590
341 385
45
179 923
15 839
1 146 781
30 619
1 177 401
1
12
17
0
12
14
Oct
629 481
315 959
46
182 402
15 828
1 143 717
27 485
1 171 202
0
13
17
2
14
17
Nov
617 748
359 367
45
193 158
15 758
1 186 077
27 122
1 213 199
2
15
18
3
17
20
Dec
611 156
354 707
48
208 790
15 799
1 190 500
24 779
1 215 278
- 1
14
14
- 1
16
16
2006 Jan
587 421
334 687
46
238 931
15 676
1 176 761
24 441
1 201 202
2
2
14
- 2
- 2
13
Feb
581 365
364 112
44
261 972
15 173
1 222 667
24 525
1 247 192
2
4
15
2
0
14
Mar
571 517
376 698
41
267 514
15 090
1 230 861
24 575
1 255 436
1
5
14
1
2
15
13
Apr
554 329
335 575
40
270 068
14 638
1 174 650
23 406
1 198 056
- 2
3
11
- 1
0
May
485 402
362 110
44
271 642
14 762
1 133 960
22 643
1 156 603
- 2
1
7
- 2
- 2
7
Jun
500 498
402 741
42
280 169
14 758
1 198 208
22 461
1 220 669
4
4
9
3
1
8
Jul
485 753
374 880
42
285 124
14 742
1 160 542
22 608
1 183 149
- 1
3
7
- 1
0
5
Aug
492 010
403 874
42
287 026
14 661
1 197 613
22 964
1 220 576
2
5
8
1
2
5
Sep*
487 088
437 224
39
299 364
14 643
1 238 358
23 506
1 261 863
3
8
9
3
5
9
Oct*
477 154
421 637
38
312 951
14 593
1 226 373
23 358
1 249 731
0
8
9
0
5
6
Nov*
466 126
446 051
39
335 906
14 592
1 262 714
23 376
1 286 090
2
10
9
1
6
5
Source: Bacen and STN
1/ Deflator: IGP-DI centered at end of referencemonth (geometric average of month indicated and subsequent month indices).
January 2007 | Boletim do Banco Central do Brasil |
141
IV.9 – Federal domestic securities
Banco Central do Brasil portfolio
Balances in R$ million
End-
LTN
LFT
NTN
Partial Securitized
Total Entreasured
credit
securities
ofperiod
Percentage change
Nominal
MP 1,789
-
60 871
51 754
Real
In
In
In 12
In
month
year
months
month
1/
In
In 12
year months
1999 Dec
11 135
35 919
13 818
60 871
- 22.2
- 9.7
- 9.7
- 22.8
- 40.7
- 40.7
2000 Dec
33 453
87 197
1 817
122 466
1 246
123 713
-
10.9
9.8
9.8
10.2
28.0
28.0
2001 Dec
32 418
113 839
46 591
192 847
1 543
194 390
-
0.4
57.1
57.1
0.2
42.5
42.5
2002 Dec
21 037
90 366
89 700
201 103
1 678
202 781
-
- 0.3
4.3
4.3
- 2.7
- 18.3
- 18.3
2003 Dec
78 719
56 441
74 026
209 186
1 857
211 043
-
- 12.4
4.1
4.1
- 13.0
- 3.3
- 3.3
2004 Dec
89 530
94 543
57 275
241 347
1 990
243 338
-
10.9
15.3
15.3
10.5
3.1
3.1
2005 Jan
68 804
109 290
51 818
229 912
1 994
231 906
-
- 4.7
- 4.7
20.0
- 5.0
- 5.0
7.9
Feb
70 892
103 155
51 778
225 826
1 996
227 822
-
- 1.8
- 6.4
12.5
- 2.4
- 7.4
1.4
Mar
84 073
102 515
49 684
236 272
2 001
238 273
-
4.6
- 2.1
12.0
3.2
- 4.4
0.7
Apr
84 823
103 381
48 183
236 386
2 005
238 391
-
0.0
- 2.0
10.7
0.0
- 4.4
0.8
May
90 387
115 280
43 567
249 235
2 010
251 245
-
5.4
3.2
28.3
7.0
2.4
20.3
Jun
99 138
114 463
42 606
256 206
2 016
258 223
-
2.8
6.1
22.9
3.2
5.7
17.1
Jul
89 673
119 378
44 800
253 851
2 031
255 882
-
- 0.9
5.2
23.0
- 0.5
5.1
19.1
18.4
Aug
96 131
107 273
42 960
246 364
3 862
250 226
-
- 2.2
2.8
19.8
- 1.1
4.0
Sep
108 774
103 375
39 837
251 986
3 862
255 848
-
2.2
5.1
19.7
0.8
4.8
17.2
Oct
94 958
105 564
39 409
239 932
3 880
243 812
-
- 4.7
0.2
13.8
- 2.9
1.7
14.3
Nov
110 469
104 745
41 049
256 263
3 888
260 151
-
6.7
6.9
18.6
7.1
8.9
20.3
Dec
91 271
106 503
41 411
239 185
3 247
242 431
-
- 6.8
- 0.4
- 0.4
- 7.2
1.1
1.1
2006 Jan
81 430
102 613
35 493
219 535
3 254
222 789
-
- 8.1
- 8.1
- 3.9
- 11.0
- 11.0
- 5.3
Feb
94 615
107 168
38 382
240 165
3 256
243 421
-
9.3
0.4
6.8
8.9
- 3.1
5.7
Mar
95 872
108 033
33 558
237 462
3 263
240 725
-
- 1.1
- 0.7
1.0
- 0.8
- 3.9
1.7
Apr
73 282
94 519
31 624
199 425
2 071
201 496
-
- 16.3
- 16.9
- 15.5
- 15.5
- 18.7
- 14.1
May
82 688
47 770
31 612
162 070
2 075
164 145
-
- 18.5
- 32.3
- 34.7
- 19.0
- 34.1
- 34.9
Jun
100 200
70 834
37 749
208 783
2 079
210 862
-
28.5
- 13.0
- 18.3
27.7
- 15.9
- 19.5
Jul
84 876
50 354
40 418
175 647
0
175 647
-
- 16.7
- 27.5
- 31.4
- 16.4
- 29.7
- 32.4
Aug
96 571
52 917
38 415
187 904
0
187 904
-
7.0
- 22.5
- 24.9
6.6
- 25.1
- 27.1
Sep*
111 475
49 304
45 725
206 504
0
206 504
-
9.9
- 14.8
- 19.3
10.6
- 17.1
- 20.0
Oct*
98 582
41 231
49 671
189 485
0
189 485
-
- 8.2
- 21.8
- 22.3
- 8.4
- 24.0
- 24.5
Nov*
104 262
47 219
52 025
203 506
0
203 506
-
7.4
- 16.1
- 21.8
6.8
- 18.8
- 24.7
Source: Bacen and STN
1/ Deflator: IGP-DI centered at end of month (geometric average of month indicated and subsequent month).
142 |
Boletim do Banco Central do Brasil
|
January 2007
IV.10 – Federal domestic securities
Outside the Banco Central do Brasil
Balances in R$ million
End-
LTN
LFT
CTN/CFT
BTN
NTN
Partial total-A
Securitized
of-
(National
credits
Partial total-B
(National
period
Treasury)
TDA/CDP
Treasury)
Agrarian
debt
1999 Dec
38 118
204 223
11 292
67
98 182
351 881
2000 Dec
75 399
262 301
14 280
64
46 233
398 276
26 735
-
351 881
425 011
2001 Dec
48 791
322 153
19 366
67
87 488
477 866
20 021
497 887
2002 Dec
13 596
372 584
19 214
100
127 399
532 893
23 172
556 066
2003 Dec
91 055
443 180
18 236
74
126 721
679 267
21 932
701 199
2004 Dec
159 960
457 757
17 343
62
133 700
768 821
27 860
796 680
2005 Jan
151 356
486 238
17 145
61
130 403
785 203
27 942
813 145
Feb
168 546
488 027
16 906
61
130 174
803 714
28 041
831 755
Mar
183 327
498 541
16 991
58
132 731
831 648
27 926
859 574
Apr
171 854
511 487
16 888
55
132 792
833 076
27 672
860 748
May
190 374
507 963
16 686
52
132 789
847 864
27 907
875 771
Jun
201 793
511 850
16 480
51
135 420
865 594
27 914
893 509
Jul
198 235
524 496
16 359
53
137 617
876 759
26 596
903 355
Aug
212 580
513 762
16 138
52
139 240
881 773
26 725
908 498
Sep
232 611
506 215
15 839
45
140 085
894 796
26 757
921 552
Oct
221 001
523 917
15 828
46
142 993
903 785
23 605
927 390
Nov
248 899
513 003
15 758
45
152 109
929 814
23 235
953 048
Dec
263 436
504 653
15 799
48
167 379
951 315
21 532
972 847
2006 Jan
253 258
484 807
15 676
46
203 439
957 226
21 187
978 412
Feb
269 498
474 197
15 173
44
223 589
982 503
21 269
1 003 771
Mar
280 826
463 484
15 090
41
233 957
993 399
21 312
1 014 710
Apr
262 293
459 809
14 638
40
238 445
975 225
21 335
996 560
May
279 421
437 632
14 762
44
240 031
971 890
20 567
992 457
Jun
302 541
429 664
14 758
42
242 421
989 425
20 382
1 009 807
Jul
290 004
435 400
14 742
42
244 706
984 895
22 608
1 007 503
Aug
307 303
439 093
14 661
42
248 610
1 009 709
22 964
1 032 673
Sep*
325 749
437 783
14 643
39
253 639
1 031 854
23 506
1 055 359
Oct*
323 054
435 922
14 593
38
263 280
1 036 888
23 358
1 060 246
Nov*
341 789
418 907
14 592
39
283 881
1 059 208
23 376
1 082 584
(continues)
January 2007 | Boletim do Banco Central do Brasil |
143
IV.10 – Federal domestic securities
Outside the Banco Central do Brasil
(concluded)
Balances in R$ million
End-
LBC
of-
BBC
NBCA
BBCA
period
Partial
NBCE
total
NBCF
(Banco
Percentage change
Total
1/
Nominal
Real
Central)
1999 Dec
1 122
In
In
In 12
In
In
In 12
month
year
months
month
year
months
6.4
-
61 897
63 020
414 901
0.9
27.6
27.6
- 0.3
6.4
2000 Dec
-
-
85 686
85 686
510 698
- 0.8
15.2
15.2
- 1.4
5.2
5.2
2001 Dec
-
-
126 198
126 198
624 084
- 0.5
22.2
22.2
- 0.6
10.9
10.9
2002 Dec
-
-
67 125
67 125
623 191
- 1.3
- 0.1
- 0.1
- 3.7
- 21.8
- 21.8
2003 Dec
-
-
30 659
30 659
731 858
0.5
17.4
17.4
- 0.2
9.1
9.1
2004 Dec
-
-
13 584
13 584
810 264
3.2
10.7
10.7
2.8
- 1.0
- 1.0
2005 Jan
-
-
13 559
13 559
826 703
2.0
2.0
12.1
1.7
1.7
0.8
Feb
-
-
13 522
13 522
845 277
2.3
4.3
13.8
1.6
3.2
2.6
Mar
-
-
14 033
14 033
873 606
3.3
7.8
15.0
2.0
5.3
3.4
Apr
-
-
13 083
13 083
873 831
0.0
7.8
13.8
0.0
5.3
3.7
May
-
-
12 159
12 159
887 930
1.6
9.6
18.6
2.6
8.0
10.6
13.2
Jun
-
-
12 001
12 001
905 509
2.0
11.8
19.4
2.4
10.6
Jul
-
-
12 316
12 316
915 672
1.1
13.0
20.6
2.3
13.2
17.1
Aug
-
-
12 296
12 296
920 794
0.6
13.6
20.9
1.5
14.9
19.5
Sep
-
-
11 669
11 669
933 221
1.3
15.2
21.0
- 0.1
14.8
18.5
Oct
-
-
9 949
9 949
937 339
0.4
15.7
20.7
2.3
17.5
21.2
Nov
-
-
6 365
6 365
959 413
2.4
18.4
22.2
2.7
20.7
24.0
Dec
-
-
6 815
6 815
979 662
2.1
20.9
20.9
1.7
22.7
22.7
2006 Jan
-
-
6 515
6 515
984 927
0.5
0.5
19.1
- 2.7
- 2.7
17.5
Feb
-
-
6 326
6 326
1 010 098
2.6
3.1
19.5
2.2
- 0.5
18.3
Mar
-
-
6 510
6 510
1 021 221
1.1
4.2
16.9
1.4
0.9
17.7
16.0
Apr
-
-
6 113
6 113
1 002 673
- 1.8
2.4
14.8
- 1.4
- 0.5
May
-
-
6 626
6 626
999 083
- 0.4
2.0
12.5
- 0.9
- 1.4
12.1
Jun
-
-
6 294
6 294
1 016 100
1.7
3.7
12.2
1.9
0.5
11.5
Jul
-
-
6 389
6 389
1 013 892
- 0.2
3.5
10.7
0.0
0.4
8.9
Aug
-
-
6 340
6 340
1 039 013
2.5
6.1
12.8
2.1
2.6
9.5
Sep*
-
-
6 505
6 505
1 061 864
2.2
8.4
13.8
2.9
5.5
12.8
Oct*
-
-
2 773
2 773
1 063 018
0.1
8.5
13.4
0.0
5.5
10.2
Nov*
-
-
0
0
1 082 584
1.8
10.4
12.7
1.2
6.8
8.6
Source: Bacen and STN
1/ Deflator: IGP-DI centered at end of month (geometric average of month indicated and subsequent month).
144 |
Boletim do Banco Central do Brasil
|
January 2007
IV.11 – Federal domestic securities and open market operations
Percentage share of index
End-
Index numbers
Balance
of-
(R$ million)
Total
1/
Over/Selic
period
Foreign exchange
Fixed in Reference
advance
Without
With
Without
With
swap
swap
swap
swap
rate
Price
Other
Open
2/
indices
market
2000
Dec
506 708
52.7
52.7
22.5
22.5
14.9
4.7
6.0
0.1
- 0.8
100.0
2001
Dec
605 428
54.4
54.4
29.5
29.5
8.1
3.9
7.2
0.0
- 3.1
100.0
2002
Dec
687 301
55.2
41.9
20.3
33.5
2.0
1.9
11.4
0.0
9.3
100.0
2003
Dec
787 575
57.0
46.6
10.0
20.5
11.6
1.7
12.6
0.0
7.1
100.0
2004
Dec
857 471
54.0
49.5
4.9
9.3
19.0
2.6
14.1
0.0
5.5
100.0
2005
Jan
883 520
55.6
52.4
4.3
7.5
17.5
2.5
13.6
0.0
6.4
100.0
Feb
900 449
54.8
53.1
4.0
5.7
19.2
2.5
13.4
0.0
6.1
100.0
Mar
919 379
54.8
54.1
4.0
4.7
20.5
2.4
13.3
0.0
5.0
100.0
Apr
918 768
56.3
55.6
3.8
4.4
19.3
2.4
13.4
0.0
4.9
100.0
May
924 653
55.5
54.9
3.5
4.1
21.2
2.4
13.4
0.0
4.0
100.0
Jun
938 773
55.1
54.5
3.4
4.0
22.1
2.4
13.4
0.0
3.5
100.0
Jul
951 202
55.7
55.1
3.4
4.0
21.5
2.4
13.2
0.0
3.7
100.0
Aug
964 546
53.8
53.3
3.4
4.0
22.8
2.4
13.1
0.0
4.5
100.0
Sep
974 955
52.5
51.9
3.2
3.7
24.7
2.4
13.1
0.0
4.3
100.0
Oct
989 617
53.4
52.7
2.9
3.6
23.2
2.1
13.1
0.0
5.3
100.0
Nov
997 176
51.9
51.2
2.5
3.2
25.9
2.1
13.9
0.0
3.8
100.0
Dec
1 002 519
50.6
52.1
2.6
1.2
27.2
2.1
15.2
0.0
2.3
100.0
Jan
1 042 184
46.8
49.7
2.4
- 0.5
25.2
2.0
18.1
0.0
5.5
100.0
Feb
1 049 320
45.4
49.0
2.3
- 1.3
26.8
2.0
19.7
0.0
3.7
100.0
Mar
1 067 217
43.7
47.4
2.2
- 1.5
27.5
2.0
20.3
0.0
4.3
100.0
Apr
1 074 476
43.0
46.6
2.1
- 1.5
25.8
2.0
20.5
0.0
6.7
100.0
May
1 088 497
40.5
44.3
2.3
- 1.6
27.1
1.9
20.1
0.0
8.2
100.0
Jun
1 086 162
39.8
43.2
2.1
- 1.3
29.4
1.9
20.3
0.0
6.5
100.0
Jul
1 109 707
39.5
42.9
2.1
- 1.3
27.7
2.0
20.0
-
8.6
100.0
Aug
1 117 469
39.5
42.9
2.1
- 1.3
29.3
2.1
20.1
-
7.0
100.0
Sep*
1 133 764
38.8
41.9
1.9
- 1.2
30.7
2.1
20.1
-
6.3
100.0
Oct*
1 149 768
38.1
40.6
1.5
- 1.1
30.4
2.1
20.5
-
7.5
100.0
Nov*
1 154 269
36.5
38.8
1.2
- 1.1
32.9
2.1
21.0
-
6.3
100.0
2006
1/ Values calculated based on custody position which is estimated by the price of the intrinsic yield curve of the securities, added by the value of open market operations.
As of Apr/2000, includes securitized debt, agrarian debt, TDA and CDP.
2/ Open market operations refer to the balance, updated by the contracted rate of financing operations falling due in the last day of the month;
positive values point to financing taken by the Banco Central.
January 2007 | Boletim do Banco Central do Brasil |
145
IV.12 – Duration and term of federal securities 1/
Securities issued through public offer
Average in months
2/
Securities issued through public offer
Period
Banco Central
Tesouro Nacional
Securities issued
Banco Central and
Tesouro Nacional
Tesouro Nacional
Banco Central and
Tesouro Nacional
Average term and
Average
Average
Average
Average
Average
Average
duration
term
duration
term
duration
term
term
2000
Dec
17.81
15.36
2.95
15.93
6.37
32.27
29.85
2001
Dec
15.77
29.40
8.23
25.47
10.17
39.84
34.97
2002
Dec
16.01
23.05
10.52
21.99
11.35
35.32
33.24
2003
Dec
15.35
24.50
10.59
23.99
10.85
32.04
31.34
2004
Dec
15.77
20.69
11.22
20.59
11.31
28.29
28.08
2005
2006
Jan
14.74
21.41
10.99
21.28
11.07
28.73
28.50
Feb
13.81
21.26
10.81
21.11
10.87
28.32
28.09
Mar
12.78
21.10
10.45
20.94
10.50
28.01
27.76
Apr
12.15
21.49
10.78
21.32
10.80
28.16
27.92
May
11.46
21.16
10.63
21.00
10.64
27.69
27.46
Jun
10.46
21.01
10.53
20.84
10.53
27.42
27.20
Jul
9.49
21.59
10.90
21.40
10.87
27.81
27.57
Aug
8.39
21.43
10.74
21.23
10.71
27.65
27.39
Sep
7.39
21.43
10.77
21.22
10.72
27.46
27.21
Oct
7.76
21.87
10.96
21.70
10.92
27.67
27.46
Nov
10.69
21.65
11.28
21.57
11.27
27.28
27.17
Dec
9.69
21.90
11.97
21.80
11.95
27.49
27.37
Jan
8.62
23.50
13.97
23.39
13.93
28.89
28.76
Feb
7.82
24.59
15.63
24.47
15.58
29.67
29.53
Mar
6.65
24.43
16.03
24.30
15.97
29.45
29.31
Apr
5.93
24.83
16.61
24.70
16.54
29.79
29.64
May
4.97
24.45
16.55
24.30
16.47
29.44
29.28
Jun
3.97
24.55
16.16
24.41
16.07
29.38
29.22
Jul
2.93
25.27
16.42
25.11
16.32
30.12
29.95
Aug
1.90
25.22
16.29
25.06
16.19
30.01
29.84
Sep*
0.93
25.11
16.24
24.94
16.14
29.82
29.65
Oct*
0.53
25.76
16.78
25.68
16.74
30.35
30.27
Nov*
-
26.56
17.33
26.56
17.33
30.96
30.96
1/ Duration corresponds to the interest-elasticity of securities prices. Thus, it is based upon an efficacy indicator of the monetary policy when defining the wealth effect
on the aggregate demad, since it signals how interest rate alterations in the economy may impact the financial wealth of the private sector and, consequently, the aggregate
demand. One way notice that the average duration of a post-set security at over/Selic rate is one (1) day. The average term is the term for securities redemption adjusted
for anticipations performed by means of intermediate coupons, both expressed in months and calculated only for securities issued by means of public auctions.
2/ Total of securities issued. Includes both securities issued in direct placements and in public offers.
146 |
Boletim do Banco Central do Brasil
|
January 2007
IV.13 – Federal securities1/
Maturity schedule
R$ million
Period
No exchange
Exchange
Total
%
participation
Fixed in
Postfixed
Partial
advance
2006
2007
Dec
31
-
20 429
20 429
20 460
1.9
Year
31
-
20 429
20 429
20 460
1.9
Jan
49
58 598
1 998
60 596
60 645
5.6
Feb
24
-
1 030
1 030
1 054
0.1
Mar
29
-
34 436
34 436
34 465
3.2
Apr
63
57 250
1 160
58 410
58 473
5.4
May
31
-
13 060
13 060
13 091
1.2
Jun
27
-
38 043
38 043
38 070
3.5
Jul
42
61 062
1 065
62 127
62 169
5.7
Aug
21
-
1 068
1 068
1 089
0.1
Sep
26
-
30 649
30 649
30 675
2.8
Oct
59
29 011
1 831
30 842
30 901
2.9
Nov
28
-
3 887
3 887
3 915
0.4
Dec
23
-
32 818
32 818
32 841
3.0
Year
422
205 921
161 045
366 966
367 388
34.0
As of Jan/2008
13 857
174 397
505 556
679 953
693 809
64.1
Total
14 310
380 318
687 030
1 067 348
1 081 657
100.0
1/ Position in 10.31.2006. Total at market. Amounts calculated, by using curve prices. Securities utilized in financing operations are not included.
January 2007 | Boletim do Banco Central do Brasil |
147
IV.14 – Monetary impact from federal securities operations
National Treasury and Banco Central do Brasil
R$ million
Primary market
End-
Secondary market
Total
ofperiod
Placements
Redemp-
Balance
tions
2002
National Treasury
Banco Central
2003
National Treasury
Banco Central
2004
National Treasury
Banco Central
2005
National Treasury
Banco Central
Sales + net
Buyings +
borrowings
net loans
Balance
Placements Redemptions
+ sales + net
Balance
+ buyings
borrowings
+ net loans
200 504
290 288
89 784
5 793 078
5 794 966
1 887
5 993 582
6 085 254
91 672
200 504
214 693
14 189
5 424 266
5 396 679
- 27 587
5 624 770
5 611 372
- 13 398
75 595
75 595
368 812
398 287
29 474
368 812
473 882
105 069
332 352
245 087
- 87 265
3 291 590
3 391 060
99 471
3 623 943
3 636 147
12 206
332 352
214 216
- 118 136
3 284 137
3 383 908
99 771
3 616 490
3 598 124
- 18 365
30 871
30 871
7 453
7 152
- 300
7 453
38 023
30 571
272 177
263 666
- 8 511
2 591 666
2 658 882
67 216
2 863 843
2 922 548
58 705
272 177
244 817
- 27 361
2 586 815
2 653 908
67 094
2 858 992
2 898 725
39 733
18 849
18 850
4 851
4 974
122
4 851
23 823
18 972
466 334
442 553
- 23 782
1 704 978
1 724 985
20 007
2 171 313
2 167 538
- 3 775
466 334
436 380
- 29 954
1 671 966
1 692 050
20 084
2 138 300
2 128 430
- 9 870
6 172
6 172
33 013
32 925
- 77
33 013
39 107
6 095
- 26 995
-
2006 Jan
67 754
74 257
6 503
248 707
215 209
- 33 498
316 461
289 466
Feb
39 717
24 143
- 15 575
144 469
163 239
18 770
184 186
187 382
3 195
Mar
18 798
21 584
2 786
236 050
229 851
- 6 198
254 848
251 435
- 3 413
Apr
20 314
46 679
26 365
206 549
181 566
- 24 983
226 863
228 245
1 382
May
19 153
36 285
17 132
150 934
134 074
- 16 860
170 086
170 358
272
Jun
41 098
33 942
- 7 156
295 093
314 969
19 877
336 191
348 912
12 721
Jul
42 493
55 986
13 493
338 339
313 903
- 24 436
380 832
369 888
- 10 944
Aug
36 760
24 268
- 12 492
152 875
171 330
18 475
189 635
195 598
5 963
Sep
35 899
24 808
- 11 092
231 405
238 860
7 455
267 304
263 667
- 3 637
Oct
54 147
64 019
9 871
360 189
346 437
- 13 752
414 336
410 456
- 3 880
Nov
60 489
53 524
- 6 965
187 694
202 644
- 14 949
248 183
256 168
7 985
BTN
0
0
0
0
0
0
0
0
0
LFT
13 297
34 702
21 405
163 213
178 496
15 283
176 510
213 198
36 688
LTN
25 799
10 915
- 14 884
16 994
18 568
1 574
42 793
29 483
- 13 310
NTN
21 393
5 107
- 16 286
7 482
5 575
- 1 907
28 876
10 682
- 18 193
BBCA
0
0
0
0
0
0
0
0
0
LBC
0
0
0
0
0
0
0
0
0
LBCE
0
0
0
0
0
0
0
0
0
NBCE
0
2 800
2 800
5
5
0
5
2 805
2 800
NBCF
0
0
0
0
0
0
0
0
0
Accumulated in year
National Treasury
Banco Central
148 |
436 623
459 493
22 871
2 552 303
2 512 082
- 40 221
2 988 926
2 971 575
- 17 350
436 623
452 620
15 997
2 545 941
2 505 807
- 40 135
2 982 564
2 958 426
- 24 138
0
6 874
6 874
6 362
6 275
- 87
6 362
13 149
6 787
Boletim do Banco Central do Brasil
|
January 2007
IV.15 – State and municipal securities
Total issued
R$ million
State debt
EndofSP
period
Portfolio
RS
Market
position
Partial
Total
Total
market
issued
Market
total
2003
Dec
235
461
696
85
546
781
2004
Dec
273
536
809
98
634
907
2005
Jan
277
543
820
100
643
920
Feb
280
550
830
101
651
931
Mar
285
558
843
103
661
945
Apr
289
566
855
104
670
959
May
293
575
868
106
680
973
Jun
298
583
881
107
690
988
Jul
302
592
895
109
701
1 004
Aug
307
602
910
111
713
1 020
Sep
312
611
923
112
724
1 036
Oct
316
620
936
114
734
1 050
Nov
321
629
949
116
744
1 065
Dec
325
638
963
117
755
1 080
Jan
330
647
977
119
766
1 096
Feb
334
654
988
120
775
1 108
Mar
-
-
-
122
122
122
Apr
-
-
-
123
123
123
May
-
-
-
125
125
125
Jun
-
-
-
126
126
126
Jul
-
-
-
128
128
128
Aug
-
-
-
129
129
129
Sep*
-
-
-
131
131
131
Oct*
-
-
-
132
132
132
Nov*
-
-
-
134
134
134
2006
January 2007 | Boletim do Banco Central do Brasil |
149
IV.16 – Net public sector debt
R$ million
Itemization
2004
2005
December
December
Balances
%
Balances
GDP
2006*
September
%
Balances
GDP
October
%
Balances
GDP
November
%
Balances
GDP
%
GDP
Fiscal net debt (G=E-F)
699 707
37.8
763 347
39.2
804 474
38.5
807 266
38.3
813 785
Internal debt adjustment (F)
126 026
6.8
121 472
6.2
119 557
5.7
119 264
5.7
119 440
38.3
5.6
Fiscal net debt with exchange devaluation (E=A-B-C-D)
825 733
44.6
884 819
45.4
924 031
44.3
926 530
43.9
933 225
43.9
3.7
External debt adjustment (D)
95 986
5.2
80 080
4.1
80 720
3.9
81 317
3.9
79 253
Inventory adjustment (C)
99 759
5.4
103 021
5.3
102 557
4.9
102 552
4.9
102 395
4.8
- 65 436 - 3.4
- 67 485
- 3.2
- 67 485 - 3.2
- 67 485
- 3.2
Privatization asjustment (B)
- 64 482 - 3.5
Total net debt (A)
956 996
51.7
1 002 485
51.5
1 039 823
49.8
1 042 914
49.5
1 047 389
49.3
610 078
32.9
660 186
33.9
706 558
33.8
707 127
33.5
717 552
33.8
Federal government and the Bacen
Banco Central
- 8 600 - 0.5
4 038
0.2
5 974
0.3
8 354
0.4
4 274
0.2
15.7
309 098
14.8
308 732
14.6
310 474
14.6
44 341
2.3
45 990
2.2
45 866
2.2
46 311
2.2
- 11 794 - 0.6
- 27 797
- 1.3
- 27 164 - 1.3
- 31 222
- 1.5
- 56 822 - 2.7
- 60 873
- 2.9
305 961
Local governments
45 098
2.4
4 460
0.2
- 32 138 - 1.7
- 45 499 - 2.3
State enterprises
Federal
16.5
305 714
State governments
- 57 609
- 2.8
33 454
1.8
30 433
1.6
26 395
1.3
26 244
1.2
26 237
1.2
3 144
0.2
3 271
0.2
3 416
0.2
3 414
0.2
3 415
0.2
Internal net debt
818 065
44.2
952 185
48.9
1 070 558
51.3
1 087 638
51.6
1 103 345
51.9
Federal government and the Bacen
411 880
22.2
488 154
25.1
571 040
27.4
573 430
27.2
580 108
27.3
768 821
41.5
951 315
48.9
1 031 854
49.4
1 036 896
49.2
1 058 281
49.8
27 869
1.5
21 532
1.1
23 506
1.1
23 358
1.1
23 376
1.1
2 693
0.1
2 245
0.1
1 698
0.1
1 696
0.1
1 722
0.1
- 11 940 - 0.6
- 6 285
- 0.3
State
Local governments
1/
Federal securities
Privatization currencies
Bank debt
Tax collected (not transferred)
- 176
0.0
- 22
0.0
- 8 218
- 0.4
Demand deposits
- 429
0.0
- 569
0.0
- 482
0.0
- 68 078 - 3.7
- 74 532 - 3.8
- 69 438
- 102 559 - 5.5
- 116 890 - 6.0
2/
Investment in funds
Laborer assistance fund (FAT)
Social Security system
2 281
Renegotiation (Law 9,496/1997 and Proes)
Renegotiation (Law 8,727/1993)
3/
Restructured debt
4/
Other federal government's credits
Relationship with Banco Central
0.1
30
0.0
0.0
- 455
0.0
- 3.3
- 68 295 - 3.2
- 66 498
- 3.1
- 127 856
- 6.1
- 128 224 - 6.1
- 129 494
- 6.1
- 152
0.0
- 299 330 - 14.3
- 461
- 166
0.0
- 114
0.0
- 300 075 - 14.2
- 302 917
- 14.3
- 1.0
- 278 399 - 15.0
- 289 123 - 14.9
- 21 617 - 1.2
- 21 686 - 1.1
- 21 546
- 1.0
- 21 525 - 1.0
- 21 526
- 22 606 - 1.2
- 17 283 - 0.9
- 13 380
- 0.6
- 12 797 - 0.6
- 12 873
- 0.6
- 40 541 - 2.2
- 38 049 - 2.0
- 36 035
- 1.7
- 36 094 - 1.7
- 36 314
- 1.7
144 623
7.8
71 187
3.7
90 421
4.3
91 056
4.3
73 206
3.4
Banco Central
64 480
3.5
129 277
6.6
164 980
7.9
175 460
8.3
183 948
8.7
Monetary base
88 733
4.8
101 247
5.2
100 372
4.8
99 862
4.7
105 335
5.0
13 584
0.7
6 815
0.4
6 505
0.3
2 773
0.1
0
0.0
58 892
3.2
37 168
1.9
88 364
4.2
103 636
4.9
89 682
4.2
66 077
3.6
73 336
3.8
78 482
3.8
78 677
3.7
80 772
3.8
- 19 017 - 1.0
- 19 709
- 0.9
- 19 747 - 0.9
- 19 911
- 0.9
Banco Central securities
Repurchase agreement
1/
Other deposits
Bacen credit to financial institutions
- 17 824 - 1.0
Other accounts in Bacen
- 359
Relationship with Federal Government
0.0
- 144 623 - 7.8
State governments
5/
Securities net debt
Renegotiation (Law 9,496/1997 and Proes)
Renegotiation (Law 8,727/1993)
3/
Restructured debt
Bank debt
6/
7/
Other state credits
914
1 387
0.1
- 90 421
- 4.3
0.1
1 276
0.1
- 91 056 - 4.3
1 315
- 73 206
- 3.4
14.0
289 981
15.7
292 734
15.0
296 479
14.2
296 339
14.1
297 876
1 792
0.1
755
0.0
131
0.0
132
0.0
134
0.0
242 219
13.1
251 041
12.9
259 370
12.4
260 068
12.3
262 509
12.4
28 220
1.5
27 892
1.4
27 239
1.3
27 159
1.3
27 098
1.3
11 964
5 392
0.6
0.3
9 225
5 897
0.5
0.3
7 929
6 062
0.4
0.3
7 645
6 096
0.4
0.3
7 657
6 164
0.4
0.3
24 341
1.3
- 724
0.0
- 2 115 - 0.1
- 23 578 - 1.2
22 835
- 917
- 1 766
- 24 404
1.1
0.0
- 0.1
- 1.2
22 885
1.1
- 1 094 - 0.1
- 1 803 - 0.1
- 24 750 - 1.2
23 062
- 1 371
- 1 746
- 25 631
1.1
- 0.1
- 0.1
- 1.2
25 756
1.4
- 506
0.0
- 1 507 - 0.1
- 23 350 - 1.3
Other state debts
Tax collected (not transferred)
Demand deposits
0.0
- 71 187 - 3.7
(continues)
150 |
Boletim do Banco Central do Brasil
|
January 2007
IV.16 – Net public sector debt
R$ million
(concluded)
Itemization
2004
2005
December
December
Balances
%
Balances
GDP
Local governments
2006*
September
%
Balances
GDP
October
%
November
Balances
GDP
%
Balances
GDP
%
GDP
42 447
2.3
42 191
2.2
44 045
2.1
43 938
2.1
44 355
2.1
965
0.1
0
0.0
0
0.0
0
0.0
0
0.0
36 180
2.0
38 082
2.0
39 960
1.9
40 007
1.9
40 408
1.9
2 466
0.1
2 372
0.1
2 283
0.1
2 272
0.1
2 263
0.1
Restructured debt
Bank debt
1 189
0.1
866
0.0
733
0.0
710
0.0
716
0.0
3 738
0.2
3 855
0.2
3 850
0.2
3 860
0.2
3 900
0.2
Tax collected (not transferred)
- 63
0.0
- 135
0.0
- 148
0.0
- 255
0.0
- 165
0.0
- 2 028
- 0.1
- 2 849
- 0.1
- 2 633
- 0.1
- 2 655
- 0.1
- 2 767
- 0.1
9 277
0.5
- 171
0.0
- 5 986
- 0.3
- 1 529
- 0.1
- 2 943
- 0.1
- 20 612
- 1.1
- 29 767
- 1.5
- 31 179
- 1.5
- 26 620
- 1.3
- 27 934
- 1.3
2 899
0.2
2 129
0.1
1 695
0.1
1 619
0.1
1 643
0.1
2 954
0.2
2 214
0.1
2 836
0.1
2 685
0.1
3 217
0.2
Other debts
27 454
1.5
25 906
1.3
24 700
1.2
24 632
1.2
24 435
1.2
Renegotiation (Law 8,727/1993)
- 540
0.0
- 588
0.0
- 623
0.0
- 628
0.0
- 634
0.0
- 20 807
- 1.1
- 29 316
- 1.5
- 31 687
- 1.5
- 26 771
- 1.3
- 28 383
- 1.3
5/
Securities net debt
Renegotiation (MP 2,118/2000)
Renegotiation (Law 8,727/1993)
3/
Demand deposits
State enterprises
Federal
Restructured debt
Bank debt
3/
State enterprises portfolios
Demand deposits
- 644
0.0
- 1 024
- 0.1
- 635
0.0
- 692
0.0
- 690
0.0
- 31 928
- 1.7
- 29 087
- 1.5
- 27 466
- 1.3
- 27 465
- 1.3
- 27 521
- 1.3
26 746
1.4
26 324
1.4
21 777
1.0
21 677
1.0
21 576
1.0
4 941
0.3
3 860
0.2
2 004
0.1
1 850
0.1
1 871
0.1
8 990
0.5
10 441
0.5
7 607
0.4
7 539
0.4
7 608
0.4
1 788
0.1
1 168
0.1
1 137
0.1
1 111
0.1
1 050
0.0
Renegotiation (Law 8,727/1993)
11 890
0.6
11 946
0.6
11 902
0.6
11 895
0.6
11 891
0.6
Fed.security portfolio of state enterprises
- 552
0.0
- 609
0.0
- 462
0.0
- 353
0.0
- 452
0.0
Demand deposit
- 310
0.0
- 481
0.0
- 411
0.0
- 365
0.0
- 393
0.0
Local government
3 144
0.2
3 271
0.2
3 416
0.2
3 414
0.2
3 415
0.2
132
0.0
105
0.0
92
0.0
88
0.0
88
0.0
Other credts
States
Restructured debt
Banking debt
3/
Debentures
Restructured debt
Banking debt
3/
102
0.0
117
0.0
145
0.0
166
0.0
145
0.0
Renegociation (Law 8,727/1993)
2 961
0.2
3 132
0.2
3 250
0.2
3 264
0.2
3 277
0.2
Demand deposit
- 51
0.0
- 83
0.0
- 72
0.0
- 103
0.0
- 96
0.0
138 931
7.5
50 300
2.6
- 30 735
- 1.5
- 44 724
- 2.1
- 55 956
- 2.6
Foreign net debt
Federal government
Banco Central do Brasil
State governments
8/
Local governments
State enterprises
Federal
State
Local government
9/
198 197
10.7
172 032
8.8
135 518
6.5
133 697
6.3
137 444
6.5
- 73 080
- 3.9
- 125 238
- 6.4
- 159 006
- 7.6
- 167 107
- 7.9
- 179 674
- 8.5
15 980
0.9
12 979
0.7
12 619
0.6
12 393
0.6
12 597
0.6
2 651
0.1
2 150
0.1
1 945
0.1
1 928
0.1
1 956
0.1
- 4 817
- 0.3
- 11 623
- 0.6
- 21 811
- 1.0
- 25 635
- 1.2
- 28 278
- 1.3
- 11 525
- 0.6
- 15 732
- 0.8
- 26 429
- 1.3
- 30 202
- 1.4
- 32 940
- 1.6
6 708
0.4
4 109
0.2
4 618
0.2
4 567
0.2
4 661
0.2
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
GDP
IMF - Basic path
1 851 980
1 946 863
2 087 349
2 108 263
2 124 585
Total net debt
703 492
-
-
-
-
1/ Portfolio valuation.
2/ Includes constitutional funds and other funds and general programs.
3/ Includes MF30, BIB, and others.
4/ Includes royalties, agricultural debt and others.
5/ Securities debt issued minus securities in treasury.
6/ Includes royalties, Fundef and others.
7/ Includes securitized credit, CFTs, LFTs, and other financial accounts.
8/ Excludes international reserves.
9/ Last 12 month GDP at prices of month indicated. Deflator: centered IGP (geometric average of IGP-DI growth in the month and the subsequent month).
January 2007 | Boletim do Banco Central do Brasil |
151
IV.17 – Net public sector debt
Percentage share of index
Period
1/
Balance
Index numbers
Total
(R$ million)
Foreign exchange
Selic
IGP-M
IGP-DI
IPC-A
TR
TJLP
Non
interest-
Internal External
Total
Fixed in
Other
advance
earning
2001 Dec
660 867
25.8
19.8
45.6
39.9
2.4
6.6
0.0
3.9
- 9.3
6.1
7.4
- 2.6
100.0
2002 Dec
881 108
13.3
25.7
39.0
45.4
4.8
4.2
1.1
5.9
- 7.6
7.3
1.5
- 1.7
100.0
2003 Dec
913 145
6.7
20.4
27.1
50.7
6.1
4.0
1.9
4.6
- 9.0
7.0
10.0
- 2.5
100.0
2004 Dec
956 994
2.3
14.5
16.8
48.8
7.5
3.5
2.7
7.4
- 10.3
8.5
17.0
- 2.0
100.0
2005 Jan
955 900
1.8
13.6
15.4
52.6
7.5
3.5
2.7
7.6
- 10.4
6.8
16.2
- 1.8
100.0
Feb
960 488
1.6
12.3
13.9
52.3
7.5
3.5
2.7
7.8
- 10.5
6.5
18.0
- 1.6
100.0
Mar
965 949
1.7
11.4
13.1
51.9
7.6
3.4
2.7
7.9
- 10.7
6.4
19.5
- 1.8
100.0
Apr
956 677
1.5
10.7
12.2
53.7
7.7
3.5
2.8
8.3
- 10.9
6.1
18.5
- 1.9
100.0
May
957 570
1.4
10.1
11.5
52.2
7.7
3.5
2.8
7.9
- 10.9
6.6
20.4
- 1.8
100.0
Jun
965 988
1.5
9.4
10.8
51.7
7.6
3.4
3.1
7.5
- 10.3
6.4
21.5
- 1.8
100.0
Jul
971 751
1.5
8.8
10.3
52.9
7.1
3.2
3.7
7.7
- 10.3
6.4
21.1
- 2.0
100.0
Aug
973 658
1.4
8.7
10.1
52.5
7.1
3.2
3.8
7.2
- 10.6
6.4
22.6
- 2.3
100.0
Sep
973 450
1.3
7.7
9.0
51.6
7.1
3.2
4.0
6.9
- 10.8
6.6
25.0
- 2.5
100.0
Oct
979 114
1.1
6.6
7.7
54.3
7.1
3.2
4.2
7.4
- 11.1
6.0
23.8
- 2.6
100.0
Nov
984 949
0.6
5.5
6.0
51.4
7.1
3.1
5.0
7.6
- 11.1
7.0
26.5
- 2.6
100.0
Dec
1 002 485
0.6
4.7
5.3
48.4
6.1
3.1
7.2
7.3
- 11.2
9.1
27.6
- 2.7
100.0
2006 Jan
1 014 358
0.6
3.4
4.0
49.1
5.9
3.0
10.8
7.9
- 11.2
6.8
26.3
- 2.5
100.0
Feb
1 021 753
0.6
2.6
3.2
45.9
5.9
2.9
12.5
8.1
- 11.2
7.3
27.9
- 2.5
100.0
Mar
1 021 772
0.5
1.7
2.3
45.6
5.8
3.0
13.6
8.3
- 11.5
6.6
29.1
- 2.7
100.0
Apr
1 014 884
0.3
0.8
1.1
47.9
5.7
2.9
14.2
8.6
- 11.5
6.2
27.6
- 2.7
100.0
May
1 018 764
0.3
- 0.1
0.2
47.5
5.8
2.9
13.9
8.6
- 11.7
6.4
29.3
- 2.8
100.0
Jun
1 024 290
0.4
- 0.4
0.0
44.7
5.8
2.9
14.0
8.8
- 12.0
7.2
31.5
- 2.9
100.0
Jul
1 030 933
0.3
- 1.7
- 1.4
47.2
5.8
2.9
14.1
8.9
- 11.8
6.8
30.2
- 2.6
100.0
Aug
1 033 580
0.3
- 2.8
- 2.5
46.3
5.8
2.7
14.2
8.4
- 12.1
7.9
32.0
- 2.8
100.0
Sep
1 039 823
0.1
- 3.4
- 3.4
45.3
5.8
2.7
14.5
8.3
- 12.4
7.9
34.0
- 2.8
100.0
Oct
1 042 914
- 0.3
- 4.8
- 5.1
46.7
5.8
2.7
15.1
8.4
- 12.6
7.4
34.0
- 2.4
100.0
Nov
1 047 389
- 0.6
- 5.9
- 6.5
43.4
6.0
2.7
15.5
8.8
- 12.7
8.4
36.9
- 2.4
100.0
1/ Major components:
Internal foreign exchange: BTN, CFT-D, NTN-M, NTN-A, NTN-D, NTN-I, NTN-R, NBCE, NBCF, FAT (exchange indexed share);
External foreign exchange: foreign gross debt, international reserves, guarantees, foreign credits;
Selic: LFT, LFT-A, LFT-B, operations committed with federal public securities (repurchase and resale), financial accounts, bank debt, securitized debt;
IGP-M: CFT-E, NTN-C, CTN;
IGP-DI: CFT-A, renegotiation (Law 8,727/1993), renegotiation (Law 9,496/1997), securitized debt, financial accounts;
IPC-A: NTN-B;
TR: CFT-B, NTN-F, NTN-P, securitized debt, TDA, bank debt, Emgea debts and credits;
TJLP: constitutional funds, FAT (TJLP indexed share);
Non interest-earning: demand deposits, tax collected (not transferred), monetary base;
Fixed in advance : LTN, NTN-F (since December, 2003); external debt securities issued in Reais (BRL16);
Other: extramarket funds.
152 |
Boletim do Banco Central do Brasil
|
January 2007
IV.18 – Net debt evolution – Conditioning factors
Monthly flows
2006
Itemization
July
R$ million
August
% of
R$ million
GDP
Total net debt - balance
1 030 933
Net debt - month growth
1/
Conditioning factors:
Public sector borrowing requirements
Primary
Nominal interest
Exchange adjustment
Domestic securities debt indexed to exchange rate
External debt
2/
External debt adjustment - others
Acknowledgement of debt
Privatizations
% of
R$ million
GDP
October
% of
1 033 580
50.0
6 643 - 0.1
2 647
- 0.3
6 643
0.3
2 647
7 840
0.4
2 387
- 5 615 - 0.3
- 13 182
- 0.6
1 039 823
15 569
0.8
10 989
0.5
% of
R$ million
% of
GDP
49.3
6 244 - 0.2
3 091 - 0.3
4 475
- 0.2
0.1
6 244
0.3
3 091
0.1
4 475
0.2
0.1
6 414
0.3
2 792
0.1
6 519
0.3
- 10 466 - 0.5
- 5 605
- 0.3
- 4 575 - 0.2
204
0.0
- 71
0.0
- 52
127
0.0
- 406
0.0
378
77
0.0
334
0.0
176
0.0
178
- 364
0.0
- 1 213 - 0.1
1 042 914
GDP
1 047 389
0.7
13 258
0.6
12 124
0.6
0.0
184
0.0
- 365
0.0
0.0
- 293
0.0
176
0.0
- 431
0.0
477
0.0
- 541
0.0
0.0
- 142
0.0
120
0.0
- 1 522
- 0.1
406
0.0
24
0.0
- 5
0.0
- 157
0.0
- 253
0.0
0
0.0
0
0.0
0
0.0
- 0.4
2 049 296
49.8
November
49.5
13 455
3/
R$ million
GDP
50.3
GDP Growfh effect - debt
GDP accumulated in 12 months - valued
September
- 0.5
2 067 992
- 0.5
2 087 349
- 0.5
2 108 263
- 0.4
2 124 585
1/ Net debt growth as percentage of GDP when considering all factors taken together GDP, divided by the current GDP accumulated in the last 12-month period valuated,
calculated by the formula : (? CondictioningFactors/GDPAccumulatedIn12Months)*100, not reflecting debt growth as percentage of GDP.
2/ Includes adjustment of rate between the basket of currencies composing international reserves and the external debt as well as other adjustments in the external area.
3/ It takes into account the change in the ratio debt/GDP due to growth observed in GDP, calculated by the formula: Dt-1 /(PIBMesAtual/PIB MesBase)-Dt-1 .
January 2007 | Boletim do Banco Central do Brasil |
153
IV.19 – Net debt evolution – Conditioning factors
Flows accumulated in the year
Itemization
2004
2005
December
December
R$ million
% of
R$ million
GDP
Total net debt - balance
956 996
Net debt - growth accumulated in the year
1/
Conditioning factors:
Public sector borrowing requirements
Primary
External debt
3/
R$ million
R$ million
% of
R$ million
GDP
% of
GDP
1 042 914
49.5
1 047 389
49.3
43 851 - 5.5
45 488 - 0.2
37 339
- 1.7
40 429
- 2.0
44 904
- 2.2
43 851
2.4
45 488
2.3
37 339
1.8
40 429
1.9
44 904
2.1
47 144
2.5
63 641
3.3
41 127
2.0
43 919
2.1
50 438
2.4
- 93 505 - 4.8
- 80 526
- 3.9
- 90 992
- 4.3
- 96 597
- 4.5
6.9
1 002 485
% of
GDP
November
49.8
8.1
121 653
5.8
134 911
6.4
147 035
6.9
- 18 202 - 0.9
- 5 300
- 0.3
- 5 116
- 0.2
- 5 481
- 0.3
- 3 335 - 0.2
- 4 554 - 0.2
- 1 915
- 0.1
- 2 208
- 0.1
- 2 032
- 0.1
- 12 858 - 0.7
- 13 648 - 0.7
- 3 385
- 0.2
- 2 908
- 0.1
- 3 449
- 0.2
- 2 258 - 0.1
4 025
0.2
4 145
0.2
2 622
0.1
- 16 193 - 0.9
Domestic securities debt indexed to exchange rate
% of
GDP
October
1 039 823
128 256
2/
September
51.5
- 81 112 - 4.4
Nominal interest
Exchange adjustment
51.7
2006
157 146
7 137
0.4
Acknowledgement of debt
6 516
0.4
3 262
0.2
- 464
0.0
- 469
0.0
- 625
0.0
Privatizations
- 753
0.0
- 954
0.0
- 2 049
- 0.1
- 2 049
- 0.1
- 2 049
- 0.1
External debt adjustment - others
4/
- 7.9
GDP Growfh effect - debt
GDP accumulated in 12 months - valued
1 851 980
- 2.5
1 946 863
- 3.5
2 087 349
- 3.9
2 108 263
- 4.3
2 124 585
1/ Net accumulated debt growth as percentage of GDP when considering all factors taken together GDP, divided by the current GDP accumulated in the last 12-month period
valuated, calculated by the formula: (? CondictioningFactors/GDPAccumulatedIn12Months)*100, not reflecting debt growth as percentage of GDP.
2/ Indicates the sum of the monthly impacts up to the reference month.
3/ Includes adjustment of rate between the basket of currencies composing international reserves and the external debt as well as other adjustments in the external area.
4/ It takes into account the change in the ratio debt/GDP due to growth observed in GDP, calculated by the formula: Dt-1 /(PIBMesAtual /PIB MesBase )-D t-1
154 |
Boletim do Banco Central do Brasil
|
January 2007
IV.20 – Gross and net general government debt1/
R$ million
Itemization
2005
2006
December
Balance
September
% of
Balance
GDP
October
% of
Balance
GDP
November
% of
Balance
% of
GDP
GDP
Net public debt
1 002 485
51.5
1 039 823
49.8
1 042 914
49.5
1 047 389
49.3
Net general government debt
1 010 241
51.9
1 061 646
50.9
1 061 724
50.4
1 074 336
50.6
Gross general government debt
Internal gross debt
Federal securities
2/ 3/
Federal securities in market
Securitized debt and TDA
Investment of public agencies in securities
4/
Investment of subnational government in federal securities
1 453 608
74.7
1 511 176
72.4
1 514 229
71.8
1 539 880
72.5
1 262 915
64.9
1 361 094
65.2
1 366 211
64.8
1 387 883
65.3
946 873
48.6
1 031 478
49.4
1 038 359
49.3
1 060 202
49.9
951 315
48.9
1 031 854
49.4
1 036 896
49.2
1 058 281
49.8
21 532
1.1
23 506
1.1
23 358
1.1
23 376
1.1
- 16 789
- 0.9
- 15 451
- 0.7
- 13 528
- 0.6
- 13 117
- 0.6
- 9 186
- 0.5
- 8 431
- 0.4
- 8 367
- 0.4
- 8 338
- 0.4
279 663
14.4
294 760
14.1
292 978
13.9
292 780
13.8
2 622
0.1
2 095
0.1
2 133
0.1
2 123
0.1
24 373
1.3
23 813
1.1
23 747
1.1
23 672
1.1
755
0.0
131
0.0
132
0.0
134
0.0
5 897
0.3
6 062
0.3
6 096
0.3
6 164
0.3
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
2 732
0.1
2 756
0.1
2 766
0.1
2 808
0.1
190 692
9.8
150 082
7.2
148 017
7.0
151 997
7.2
175 563
9.0
135 518
6.5
133 697
6.3
137 444
6.5
State government
12 979
0.7
12 619
0.6
12 393
0.6
12 597
0.6
Local government
2 150
0.1
1 945
0.1
1 928
0.1
1 956
0.1
- 443 367 - 22.8
- 449 530 - 21.5
- 452 504
- 21.5
- 465 543
- 21.9
- 439 836 - 22.6
- 449 530 - 21.5
- 452 504
- 21.5
- 465 543
- 21.9
- 229 630 - 11.8
- 235 026 - 11.3
- 237 117
- 11.2
- 250 172
- 11.8
Federal securities in Bacen
Federal government bank debt
Renegotiation debt (Law 8,727/1993)
State securities debt
5/
State governments bank debt
Other state debts
Local government securities debt
6/
Local government bank debt
Foreign gross debt
Federal government
Asset of general government
Internal asset
Available assets of general government
Investment of social security system
- 347
0.0
- 549
0.0
- 604
0.0
- 515
0.0
Tax collected (not transferred)
- 882
0.0
- 9 283
- 0.4
- 13 289
- 0.6
- 7 821
- 0.4
- 5 533
- 0.3
- 4 882
- 0.2
- 4 919
- 0.2
- 4 968
- 0.2
- 208 476 - 10.7
- 204 339
- 9.8
- 201 922
- 9.6
- 219 574
- 10.3
Demand deposits
Available assets of federal government in Banco Central
- 14 393
- 0.7
- 15 973
- 0.8
- 16 383
- 0.8
- 17 293
- 0.8
Investment in funds
Investment in the banking system (states)
- 60 852
- 3.1
- 58 398
- 2.8
- 57 748
- 2.7
- 55 921
- 2.6
Credits with public enterprises
- 23 180
- 1.2
- 20 855
- 1.0
- 20 615
- 1.0
- 20 659
- 1.0
Other federal government's credits
- 23 271
- 1.2
- 19 604
- 0.9
- 19 034
- 0.9
- 19 077
- 0.9
- 103 026
- 5.3
- 115 718
- 5.5
- 118 051
- 5.6
- 119 768
- 5.6
Foreign credits
- 3 531
- 0.2
0
0.0
0
0.0
0
0.0
Collateral
- 3 531
- 0.2
0
0.0
0
0.0
0
0.0
Laborer assistance fund (FAT)
State government
-
-
-
-
-
-
-
Local government
-
-
-
-
-
-
-
Bacen net debt
Public enterprises net debt
7/
GDP
4 038
0.2
- 11 794
- 0.6
1 946 863
5 974
0.3
- 27 797
- 1.3
2 087 349
8 354
0.4
- 27 164
- 1.3
2 108 263
-
4 274
0.2
- 31 222
- 1.5
2 124 585
1/ Includes federal, state and local government debt with other economic agents, including the Banco Central.
2/ Includes market securities debt, and other securitized credits, less investment within the government and among different government levels.
3/ Federal government securities debt will follow an upward path as Banco Central' securities on market fall due and new issues are forbidden as stated in the Fiscal Responsibility Law.
4/ Includes investments of social security, Workers Support Fund and other Fund´s investments.
5/ Includes balance of market securities debt less intergovernment investments in state public securities and treasury bonds.
6/ Includes balance of market securities debt, less treasury bonds.
7/ GDP of the last 12 months, at prices of month indicated. Centered IGP-DI deflator (geometric mean of IGP-DI variation in the month and in the following month).
January 2007 | Boletim do Banco Central do Brasil |
155
IV.21 – Public sector borrowing requirements
Monthly flows
R$ million
2004
Itemization
Nominal
Central government
Federal government
1/
Bacen
Regional government
2005
2006
November
December
November
December
September
October
November
3 460
15 285
9 429
15 776
6 414
2 792
6 519
4 820
9 857
9 433
11 742
7 613
2 799
8 051
5 178
11 711
9 884
13 077
7 478
2 249
8 630
- 358
- 1 854
- 451
- 1 335
136
550
- 579
1 550
4 562
1 278
4 917
1 471
- 329
2 028
State government
1 290
3 686
1 081
4 748
1 197
- 232
1 609
Local government
260
876
197
169
274
- 97
419
State enterprises
- 2 910
866
- 1 282
- 883
- 2 671
322
- 3 560
Federal owner
- 2 729
746
- 1 230
- 1 617
- 2 653
390
- 3 504
- 195
109
- 71
733
- 31
- 66
- 57
14
10
18
0
14
- 2
1
10 317
11 569
12 979
10 676
10 989
13 258
12 124
7 297
6 748
9 779
7 352
7 678
10 566
7 975
7 681
8 741
10 241
8 738
7 581
10 022
8 524
- 384
- 1 993
- 462
- 1 386
96
544
- 549
2 984
4 183
3 216
3 541
3 465
2 772
4 595
State government
2 501
3 319
2 641
3 003
2 923
2 303
3 897
Local government
483
864
575
537
542
468
698
37
638
- 16
- 217
- 154
- 80
- 446
State owner
Local governments owner
Nominal interest
Central government
Federal government
1/
Bacen
Regional government
State enterprises
Federal owner
State owner
32
561
- 166
- 698
- 388
- 325
- 671
- 4
63
132
456
210
224
204
9
14
18
26
23
21
21
- 5 605
Local governments owner
Primary
Central government
Federal government
Bacen
INSS
Regional government
- 6 857
3 716
- 3 550
5 100
- 4 575
- 10 466
- 2 477
3 110
- 346
4 391
- 65
- 7 767
76
- 4 964
- 3 633
- 3 384
- 2 575
- 8 670
- 10 816
- 2 781
26
139
11
52
39
6
- 30
2 461
6 604
3 027
6 914
8 567
3 043
2 887
- 1 433
379
- 1 938
1 376
- 1 994
- 3 101
- 2 567
State government
- 1 211
367
- 1 560
1 745
- 1 726
- 2 535
- 2 287
Local government
- 223
12
- 379
- 369
- 268
- 566
- 279
State enterprises
- 2 947
228
- 1 266
- 667
- 2 516
401
- 3 115
Federal owner
- 2 760
185
- 1 063
- 919
- 2 265
715
- 2 833
- 191
46
- 203
278
- 241
- 291
- 261
5
- 3
0
- 25
- 10
- 23
- 20
State owner
Local governments owner
1/ Includes INSS.
(+) deficit (-) surplus
156 |
Boletim do Banco Central do Brasil
|
January 2007
IV.22 – Public sector borrowing requirements
Accumulated in the year as % of GDP
Current prices
Itemization
2004
2005
2006*
Jan-Nov
Year
Jan-Nov
Year
Jan-Nov
1.99
2.67
2.72
3.28
2.66
1.07
1.53
3.49
3.78
3.21
1.33
1.87
3.46
3.82
2.80
- 0.25
- 0.34
0.03
- 0.04
0.41
1.83
1.92
0.03
0.28
0.48
State government
1.48
1.56
0.00
0.25
0.38
Local government
0.35
0.37
0.03
0.03
0.11
State enterprises
- 0.92
- 0.79
- 0.80
- 0.78
- 1.04
Federal owner
Nominal
Central government
Federal government
1/
Bacen
Regional government
- 0.96
- 0.83
- 0.72
- 0.74
- 0.84
States owner
0.03
0.04
- 0.09
- 0.05
- 0.21
Local governments owner
0.01
0.01
0.01
0.01
0.01
7.27
7.26
8.32
8.11
7.74
4.53
4.50
6.91
6.66
6.22
4.80
4.85
6.89
6.72
5.81
- 0.27
- 0.36
0.01
- 0.06
0.41
2.95
2.91
1.32
1.38
1.63
State government
2.51
2.47
1.08
1.13
1.36
Local government
0.44
0.45
0.24
0.25
0.27
State enterprises
- 0.20
- 0.15
0.09
0.07
- 0.10
Federal owner
- 0.39
- 0.32
- 0.02
- 0.06
- 0.22
States owner
0.18
0.16
0.10
0.11
0.10
Local governments owner
0.01
0.01
0.01
0.01
0.01
- 5.29
- 4.59
- 5.60
- 4.83
- 5.09
- 3.46
- 2.97
- 3.41
- 2.88
- 3.01
- 5.05
- 4.79
- 5.17
- 4.83
- 5.12
Bacen
0.01
0.02
0.01
0.02
0.01
INSS
1.58
1.81
1.74
1.94
2.11
- 1.11
- 0.99
- 1.29
- 1.10
- 1.14
State government
- 1.02
- 0.91
- 1.08
- 0.89
- 0.98
Local government
- 0.09
- 0.08
- 0.21
- 0.21
- 0.16
State enterprises
- 0.72
- 0.64
- 0.90
- 0.85
- 0.93
Federal owner
- 0.57
- 0.51
- 0.70
- 0.68
- 0.62
States owner
- 0.14
- 0.13
- 0.20
- 0.16
- 0.31
0.00
0.00
0.00
- 0.01
0.00
Nominal interest
Central government
Federal government
1/
Bacen
Regional government
Primary
Central government
Federal government
Regional government
Local governments owner
1/ Includes INSS.
(+) deficit (-) surplus
January 2007 | Boletim do Banco Central do Brasil |
157
IV.23 – Public sector borrowing requirements
Flows in 12 months
R$ million
Itemization
Current prices
2006
June
Nominal
Central government
Federal government
1/
Bacen
Regional government
July
August
September
October
November
67 948
72 448
71 597
71 121
69 124
66 214
82 180
82 445
80 704
76 005
74 094
72 712
77 910
76 427
74 585
70 457
67 468
66 214
4 270
6 018
6 119
5 548
6 626
6 498
4 773
7 455
10 194
14 059
13 364
14 114
11 875
State government
3 246
5 960
8 369
11 884
11 347
Local government
1 527
1 495
1 825
2 175
2 017
2 240
State enterprises
- 19 005
- 17 452
- 19 301
- 18 944
- 18 335
- 20 612
Federal owner
- 17 986
- 16 366
- 15 830
- 15 725
- 15 243
- 17 518
States owner
- 1 193
- 1 278
- 3 649
- 3 376
- 3 252
- 3 239
174
192
178
158
161
144
Local governments owner
Nominal interest
Central government
Federal government
1/
158 657
159 977
162 123
158 650
158 566
157 711
136 042
134 292
135 271
127 706
127 240
125 436
132 192
128 687
129 369
122 406
120 842
119 125
3 849
5 606
5 902
5 301
6 398
6 311
Bacen
Regional government
23 949
27 091
28 271
32 394
33 088
34 466
State government
19 533
22 306
23 307
26 952
27 533
28 788
4 416
4 785
4 965
5 442
5 555
5 678
State enterprises
Local government
- 1 333
- 1 406
- 1 420
- 1 450
- 1 762
- 2 191
Federal owner
- 4 003
- 3 972
- 3 933
- 4 110
- 4 287
- 4 792
2 433
2 332
2 282
2 422
2 292
2 364
237
233
232
238
233
237
States owner
Local governments owner
Primary
Central government
Federal government
- 90 709
- 87 529
- 90 525
- 87 530
- 89 442
- 91 497
- 53 861
- 51 848
- 54 567
- 51 702
- 53 146
- 52 724
- 94 744
- 93 073
- 96 090
- 99 107
- 100 438
- 99 835
Bacen
INSS
421
412
218
247
228
187
40 462
40 813
41 305
47 159
47 065
46 924
Regional government
- 19 176
- 19 636
- 18 077
- 18 334
- 19 723
- 20 352
State government
- 16 287
- 16 346
- 14 938
- 15 068
- 16 186
- 16 914
- 2 889
- 3 290
- 3 140
- 3 267
- 3 538
- 3 438
State enterprises
Local government
- 17 672
- 16 045
- 17 881
- 17 494
- 16 572
- 18 421
Federal owner
- 13 983
- 12 394
- 11 897
- 11 615
- 10 956
- 12 726
States owner
- 3 626
- 3 610
- 5 931
- 5 798
- 5 544
- 5 602
- 63
- 42
- 54
- 80
- 72
- 93
2 006 334
2 020 556
2 037 270
2 051 051
2 063 278
2 075 654
Local governments owner
GDP flows in 12 months*
1/ Includes INSS.
* Preliminary data.
(+) deficit (-) surplus
158 |
Boletim do Banco Central do Brasil
|
January 2007
IV.24 – Public accounts – Uses and sources
Flows in 12 months in R$ million
Itemization
2004
2006*
2005
December
December
September
October
November
47 144
77 600
71 121
69 124
66 214
- 81 112
- 85 199
- 87 530
- 89 442
- 91 497
111 198
148 979
149 235
150 018
149 574
Real interest
39 227
137 945
120 612
118 543
114 939
Monetary atualization
71 970
11 033
28 623
31 475
34 635
3 - External debt interest
17 058
13 819
9 415
8 548
8 137
Sources (4+5)
47 144
77 600
71 121
69 124
66 214
4 - Internal borrowing
88 950
153 850
182 348
182 990
180 426
Securities debt
68 553
172 197
166 119
165 346
161 477
9 449
- 29 633
- 4 208
- 2 343
- 860
Uses (1+2+3)
1 - Primary result
2 - Internal debt interest
Banking debt
Renegotiations
0
-
-
-
-
States
0
-
-
-
-
Local governments
0
-
-
-
-
State Enterprises
0
-
-
-
Others
10 949
TN/Bacen relationship
0
5 - External borrowing
11 287
-
20 437
-
19 988
19 809
-
-
- 41 806
- 76 251
- 111 228
- 113 866
- 114 212
1 851 980
1 949 819
2 051 051
2 063 278
2 075 654
2.55
3.98
3.47
3.35
3.19
- 4.38
- 4.37
- 4.27
- 4.33
- 4.41
6.00
7.64
7.28
7.27
7.21
Real interest
2.12
7.07
5.88
5.75
5.54
Monetary atualization
3.89
0.57
1.40
1.53
1.67
3 - External debt interest
0.92
0.71
0.46
0.41
0.39
Sources (4+5)
2.55
3.98
3.47
3.35
3.19
4 - Internal borrowing
4.80
7.89
8.89
8.87
8.69
Securities debt
3.70
8.83
8.10
8.01
7.78
Banking debt
0.51
- 1.52
- 0.21
- 0.11
- 0.04
Renegotiations
GDP (accumulated in the year)
1/
2/
In percentage of GDP
Uses (1+2+3)
1 - Primary result
2 - Internal debt interest
0.00
-
-
-
-
States
0.00
-
-
-
-
Local governments
0.00
-
-
-
-
State Enterprises
0.00
-
-
-
-
0.59
0.58
1.00
0.97
0.95
Others
TN/Bacen relationship
5 - External borrowing
0.00
- 2.26
- 3.91
- 5.42
- 5.52
- 5.50
1/ GDP at current prices.
2/ Reflects ratio of flows to the GDP at current prices.
January 2007 | Boletim do Banco Central do Brasil |
159
IV.25 – Public net debt harmonized
Public sector
End-
National government
1/
ofperiod
R$ million
% of GDP
R$ million
% of GDP
2001
Dec
589 803
49.2
325 107
27.1
2002
Dec
753 029
55.9
418 747
31.1
2003
Dec
784 186
50.4
429 635
27.6
2004
Dec
803 943
45.5
416 286
23.6
23.8
2005
2006
Jan
807 448
45.2
425 200
Feb
816 197
45.4
434 398
24.2
Mar
821 801
45.4
437 446
24.2
Apr
812 165
44.5
426 941
23.4
May
811 931
44.1
428 481
23.3
Jun
820 758
44.3
438 046
23.6
Jul
823 388
44.1
440 607
23.6
Aug
825 847
43.9
444 810
23.7
Sep
824 381
43.5
447 320
23.6
Oct
830 359
43.5
452 889
23.7
Nov
829 759
43.1
452 753
23.5
Dec
828 820
42.8
445 060
23.0
24.0
Jan
848 831
43.5
467 710
Feb
853 911
43.5
471 397
24.0
Mar
859 759
43.5
476 872
24.1
Apr
852 102
42.9
471 438
23.8
May
859 362
43.1
475 521
23.8
Jun
854 380
42.6
471 471
23.5
Jul
860 655
42.6
476 495
23.6
Aug
857 691
42.1
474 532
23.3
23.3
Sep*
861 969
42.0
477 069
Oct*
865 396
41.9
481 140
23.3
Nov*
862 434
41.5
475 997
22.9
1/ The Federal governments, the Banco Central and state owned enterprises are included.
(+) deficit (-) surplus
160 |
Boletim do Banco Central do Brasil
|
January 2007
IV.26 – Variation of the harmonized net fiscal debt
Flows in 12 months
Public sector
End-
National government
1/
ofperiod
R$ million
% of GDP
R$ million
% of GDP
2004
Dec
47 144
2.67
12 388
0.70
2005
Jan
44 030
2.47
12 843
0.72
Feb
44 811
2.49
14 839
0.83
Mar
46 545
2.57
18 197
1.01
Apr
45 485
2.49
17 952
0.98
May
48 038
2.61
24 901
1.35
Jun
51 676
2.79
32 682
1.76
Jul
51 255
2.75
36 224
1.94
Aug
53 842
2.86
42 693
2.27
Sep
55 278
2.92
49 559
2.62
Oct
57 182
3.00
53 402
2.80
Nov
63 150
3.28
59 514
3.09
Dec
63 641
3.28
59 036
3.05
Jan
77 600
3.98
72 297
3.71
Feb
78 552
4.00
71 056
3.62
Mar
76 606
3.87
71 110
3.60
Apr
73 110
3.68
71 411
3.60
May
66 568
3.34
63 932
3.20
Jun
67 948
3.39
64 194
3.20
Jul
72 448
3.59
66 079
3.27
Aug
71 597
3.51
64 874
3.18
Sep*
71 121
3.47
60 279
2.94
Oct*
69 124
3.35
58 851
2.85
Nov*
66 214
3.19
55 194
2.66
2006
1/ The Federal governments, the Banco Central and state owned enterprises are included.
(+) deficit (-) surplus
January 2007 | Boletim do Banco Central do Brasil |
161
Statistical Tables
V
Foreign Sector of the Brazilian Economy
V.1 – Balance of payments
US$ million
Itemization
2001*
Trade balance (FOB)
2002*
2003*
2004*
2005*
2 650
13 121
24 794
33 641
44 748
Exports
58 223
60 362
73 084
96 475
118 308
73 560
Imports
55 572
47 240
48 290
62 835
Services
-7 759
-4 957
-4 931
-4 678
-8 146
Credit
9 322
9 551
10 447
12 584
16 095
Debit
17 081
14 509
15 378
17 261
24 241
Income
-19 743
-18 191
-18 552
-20 520
-25 967
Credit
3 280
3 295
3 339
3 199
3 194
Debit
23 023
21 486
21 891
23 719
29 162
Unrequited current transfers
Credit
Debit
Current account
Capital and financial account
1 638
2 390
2 867
3 236
3 558
1 934
2 627
3 132
3 542
4 051
296
237
265
306
493
-23 215
-7 637
4 177
11 679
14 193
-9 593
27 052
8 004
5 111
-7 523
1/
- 36
433
498
371
663
Financial account
27 088
7 571
4 613
-7 895
-10 256
24 715
14 108
9 894
8 339
12 550
2 258
-2 482
- 249
-9 807
-2 517
1 752
-2 402
- 62
-6 640
-2 695
505
- 81
- 187
-3 167
178
22 457
16 590
10 144
18 146
15 066
18 765
17 118
9 320
18 570
15 045
3 692
- 528
823
- 424
21
77
-5 119
5 308
-4 750
4 885
Capital account
Direct investment
Abroad
Equity capital
Intercompany loans
In Brazil
Equity capital
Intercompany loans
Portfolio investment
Assets
Equity securities
Debt securities
Liabilities
- 795
- 321
179
- 755
-1 771
-1 121
- 389
- 258
- 121
- 831
326
67
437
- 633
- 940
872
-4 797
5 129
-3 996
6 655
6 451
Equity securities
2 481
1 981
2 973
2 081
Debt securities
-1 609
-6 778
2 156
-6 076
204
- 471
- 356
- 151
- 677
- 40
Derivatives
Assets
Liabilities
2/
567
933
683
467
508
-1 038
-1 289
- 834
-1 145
- 548
-27 650
2 767
-1 062
-10 438
-10 806
-6 586
-3 211
-9 752
-2 085
-5 035
9 353
2 150
- 686
-8 721
-22 615
Errors and omissions
- 531
- 66
- 793
-1 912
- 280
Overall balance
3 307
302
8 496
2 244
4 319
Other investment
Assets
Liabilities
Memo:
Current account/GDP (%)
3/
Medium- and long-term amortizations
-5
-2
1
2
2
35 151
31 084
27 115
33 199
32 694
(continues)
January 2007 | Boletim do Banco Central do Brasil |
165
V.1 – Balance of payments
(concluded)
US$ million
2005*
Itemization
Nov
Trade balance (FOB)
2006*
Jan-Nov
Year
Nov
Jan-Nov
4 086
40 408
44 748
3 194
41 084
Exports
10 790
107 412
118 308
11 866
125 239
84 154
Imports
6 703
67 004
73 560
8 672
Services
- 977
-7 270
-8 146
- 541
-8 544
Credit
1 382
14 205
16 095
1 958
17 650
Debit
2 359
21 475
24 241
2 499
26 194
Income
-1 695
-22 734
-25 967
-1 514
-23 316
Credit
Debit
Unrequited current transfers
248
2 911
3 194
499
5 968
1 943
25 645
29 162
2 013
29 284
317
3 222
3 558
381
3 956
Credit
357
3 645
4 051
422
4 438
Debit
40
422
493
41
481
1 731
13 626
14 193
1 520
13 182
15 669
Current account
Capital and financial account
2 899
1 954
-9 593
2 926
1/
57
692
663
89
839
Financial account
2 843
1 262
-10 256
2 837
14 830
Capital account
Direct investment
Abroad
Equity capital
Intercompany loans
In Brazil
Equity capital
Intercompany loans
Portfolio investment
Assets
Equity securities
Debt securities
908
11 000
12 550
550
-8 649
- 264
-2 660
-2 517
-2 118
-24 945
- 422
-2 884
-2 695
-1 078
-21 524
158
224
178
-1 040
-3 421
1 172
13 660
15 066
2 668
16 296
1 131
12 661
15 045
2 650
12 600
41
999
21
18
3 696
1 622
3 474
4 885
2 520
7 815
- 58
-1 694
-1 771
- 86
683
-1
- 797
- 831
- 68
- 591
- 56
- 897
- 940
- 18
1 275
1 679
5 168
6 655
2 606
7 132
Equity securities
929
5 327
6 451
439
7 431
Debt securities
750
- 159
204
2 167
- 299
17
40
- 40
37
368
41
486
508
28
467
- 23
- 446
- 548
9
- 99
295
-13 252
-27 650
- 269
15 295
Liabilities
Derivatives
Assets
Liabilities
Other investment
2/
Assets
Liabilities
61
-3 071
-5 035
-3 593
-8 374
234
-10 182
-22 615
3 324
23 669
Errors and omissions
- 272
- 585
- 280
- 177
-1 431
Overall balance
4 358
14 994
4 319
4 269
27 419
Memo:
Current account/GDP (%)
Medium- and long-term amortizations
3/
-
2
2
-
2
2 110
30 467
32 694
2 016
35 624
1/ Includes migrants transfers.
2/ Includes trade credits, loans, currency and deposits, other assets and liabilities and IMF credit facilities.
3/ Includes long-term trade credit repayments, long-term loan repayments, long-term issued abroad debt instrument redemptions (net of bond swaps and discounts).
Excludes Monetary Authority loan repayments and intercompany loan repayments.
166 |
Boletim do Banco Central do Brasil
|
January 2007
V.2 – Trade balance – FOB
US$ million
Exports
Period
Monthly Accumulated
Imports
12 months
Balance
Monthly Accumulated
12 months
Monthly Accumulated
12 months
1990
-
31 414
31 414
-
20 661
20 661
-
10 752
10 752
1991
-
31 620
31 620
-
21 040
21 040
-
10 580
10 580
1992
-
35 793
35 793
-
20 554
20 554
-
15 239
15 239
1993
-
38 555
38 555
-
25 256
25 256
-
13 299
13 299
1994
-
43 545
43 545
-
33 079
33 079
-
10 466
10 466
1995
-
46 506
46 506
-
49 972
49 972
-
- 3 466
- 3 466
1996
-
47 747
47 747
-
53 346
53 346
-
- 5 599
- 5 599
1997*
-
52 994
52 994
-
59 747
59 747
-
- 6 753
- 6 753
1998*
-
51 140
51 140
-
57 763
57 763
-
- 6 624
- 6 624
1999*
-
48 011
48 011
-
49 295
49 295
-
- 1 283
- 1 283
2000*
-
55 086
55 086
-
55 839
55 839
-
- 753
- 753
2001*
-
58 223
58 223
-
55 572
55 572
-
2 650
2 650
2002*
-
60 362
60 362
-
47 237
47 237
-
13 125
13 125
2003*
-
73 084
73 084
-
48 305
48 305
-
24 780
24 780
2004*
-
96 475
96 475
-
62 813
62 813
-
33 662
33 662
2005*
2006*
Jan
7 444
7 444
98 120
5 257
5 257
63 856
2 187
2 187
34 264
Feb
7 756
15 200
100 154
4 980
10 238
65 079
2 776
4 963
35 075
Mar
9 251
24 451
101 478
5 909
16 147
65 645
3 342
8 304
35 833
Apr
9 202
33 653
104 090
5 332
21 479
66 346
3 870
12 174
37 744
May
9 818
43 471
105 967
6 372
27 851
67 888
3 446
15 621
38 079
Jun
10 206
53 677
106 846
6 173
34 023
68 533
4 033
19 654
38 313
Jul
11 061
64 739
108 915
6 057
40 081
69 064
5 004
24 658
39 851
Aug
11 346
76 085
111 205
7 695
47 776
71 137
3 651
28 309
40 068
Sep
10 634
86 719
112 917
6 315
54 091
71 701
4 319
32 628
41 216
Oct
9 903
96 623
113 976
6 227
60 318
72 087
3 676
36 304
41 889
Nov
10 790
107 412
116 607
6 710
67 029
72 715
4 079
40 384
43 892
Dec
10 896
118 308
118 308
6 563
73 592
73 592
4 333
44 717
44 717
Jan
9 271
9 271
120 135
6 451
6 451
74 791
2 820
2 820
45 344
Feb
8 750
18 021
121 129
5 950
12 401
75 763
2 800
5 620
45 366
Mar
11 366
29 387
123 245
7 732
20 133
77 586
3 634
9 254
45 659
Apr
9 803
39 191
123 846
6 729
26 862
78 983
3 074
12 329
44 863
May
10 275
49 466
124 303
7 272
34 135
79 883
3 002
15 331
44 419
Jun
11 435
60 900
125 531
7 363
41 498
81 074
4 071
19 402
44 458
Jul
13 622
74 522
128 092
7 989
49 487
83 005
5 633
25 035
45 086
Aug
13 642
88 164
130 387
9 129
58 616
84 439
4 513
29 548
45 948
Sep
12 548
100 712
132 301
8 121
66 737
86 245
4 427
33 974
46 056
Oct
12 659
113 370
135 056
8 745
75 482
88 763
3 914
37 889
46 294
Nov
11 866
125 236
136 132
8 672
84 154
90 720
3 193
41 082
45 412
Source: MDIC/Secex
January 2007 | Boletim do Banco Central do Brasil |
167
V.3 – Exports – FOB
By aggregated factor and main products1/
US$ million
Itemization
2000*
2001*
2002*
2003*
2004*
Total
55 086
58 223
60 362
73 084
96 475
Primary products
12 562
15 342
16 952
21 179
28 518
Iron ore and concentrates
Petroleum oils, crude
3 048
159
2 932
721
3 049
1 691
3 456
2 122
4 759
2 528
Soybeans, including grinded
2 188
2 726
3 032
4 290
5 395
503
739
776
1 155
1 963
Meat and edible offal of chicken, fresh, chilled or frozen
Coffee, not roasted
806
1 559
1 292
1 208
1 335
1 195
1 710
1 302
2 494
1 750
Oil-cake and other residues from soybeans
Meat of bovine animals, fresh, chilled or frozen
1 651
2 065
2 199
2 602
3 271
Tobacco, unmanufactured; tobacco refuse
813
921
978
1 052
1 380
Meat of swine, fresh, chilled or frozen
Copper ores and concentrates
163
0
346
0
469
0
527
0
744
172
1 673
2 393
2 227
2 962
4 062
8 499
8 243
8 965
10 944
13 431
761
1 401
1 111
1 350
1 511
Chemical wood pulp
1 601
1 246
1 160
1 744
1 722
Iron or nonalloy steel flat-rolled products
Hides and skins
1 360
756
1 082
872
1 410
956
1 619
1 057
2 124
1 290
Other
Semimanufactured products
Cane sugar, raw
Pig iron and spiegeleisen
446
428
473
573
1 179
Aluminum, unwrought
Wood, sawn or chipped lengthwise, over 6 mm thick
946
520
676
532
813
577
903
648
952
838
Ferroalloys
456
390
433
486
598
Soybean oil, crude
300
415
675
1 042
1 156
Gold, nonmonetary in semimanufactured forms
Other
375
977
336
865
349
1 009
327
1 195
413
1 648
32 528
1 768
32 901
1 951
33 000
2 005
39 653
2 656
52 948
3 352
Manufactured products
Passenger motor vehicles
Airplanes
3 054
2 839
2 335
1 939
3 269
Transmission and reception apparatus, and components
1 635
1 762
1 782
1 676
1 374
Parts and accessories for motor cars and tractors
Passenger motor vehicles engines and parts thereof
1 206
1 064
1 172
1 112
1 159
1 341
1 488
1 674
1 961
1 972
Iron or nonalloy steel flat-rolled products
859
602
813
1 410
2 007
Heavy fuel oils
Cane sugar, refined
261
438
798
878
623
982
1 006
790
1 199
1 129
1 617
1 684
1 516
1 622
1 899
Motor vehicles for the transport of goods
Footwear, parts and components
696
484
428
671
1 123
Ethyl alcohol
Civil engineering and contractors' plant and equipment
35
301
92
344
169
359
158
457
498
905
Pumps, compressors, fans and others
725
648
694
792
1 027
Electric motors, generators, transformers; parts thereof
377
458
440
500
599
Polymers of ethylene, propylene and styrene
Gasoline
447
406
343
500
328
524
522
548
687
570
Tractors
159
151
275
466
887
Aluminum oxide and aluminum hydroxide
235
211
181
334
431
Pneumatic rubber tires
Chassis fitted with engines and bodies for motor vehicles
525
365
468
411
489
367
615
457
690
605
16 357
15 993
16 190
19 874
26 765
1 497
1 736
1 446
1 308
1 579
Other
Special operations
2/
(continues)
168 |
Boletim do Banco Central do Brasil
|
January 2007
V.3 – Exports – FOB
By aggregated factor and main products 1/
US$ million
(concluded)
2005*
Itemization
Total
Primary products
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
10 790
107 412
118 308
11 866
125 236
3 162
31 777
34 722
3 412
37 081
Iron ore and concentrates
747
6 504
7 297
794
8 238
Petroleum oils, crude
Soybeans, including grinded
477
341
3 865
5 111
4 164
5 345
511
236
6 149
5 547
Meat of bovine animals, fresh, chilled or frozen
171
2 257
2 419
335
2 874
Meat and edible offal of chicken, fresh, chilled or frozen
273
2 986
3 324
303
2 655
Coffee, not roasted
Oil-cake and other residues from soybeans
221
279
2 314
2 656
2 516
2 865
339
192
2 641
2 210
Tobacco, unmanufactured; tobacco refuse
158
1 444
1 660
78
1 585
74
1 048
1 123
98
911
20
402
244
3 349
304
3 704
70
456
474
3 797
1 478
267
14 458
2 173
15 961
2 382
1 804
352
17 627
3 454
Chemical wood pulp
205
1 801
2 034
236
2 255
Iron or nonalloy steel flat-rolled products
221
2 187
2 304
201
2 072
Hides and skins
Pig iron and spiegeleisen
118
169
1 263
1 639
1 394
1 810
175
172
1 686
1 463
Aluminum, unwrought
95
903
1 020
135
1 387
Wood, sawn or chipped lengthwise, over 6 mm thick
Ferroalloys
69
64
803
659
882
712
79
70
771
773
Soybean oil, crude
91
935
1 022
88
739
Gold, nonmonetary in semimanufactured forms
27
350
459
71
602
152
1 744
1 941
226
2 427
Meat of swine, fresh, chilled or frozen
Copper ores and concentrates
Other
Semimanufactured products
Cane sugar, raw
Other
Manufactured products
5 898
58 907
65 144
6 398
67 758
Passenger motor vehicles
Airplanes
378
270
4 003
2 653
4 395
3 168
359
281
4 194
2 690
Transmission and reception apparatus, and components
255
2 500
2 731
246
2 736
Parts and accessories for motor cars and tractors
212
2 257
2 463
251
2 698
Passenger motor vehicles engines and parts thereof
Iron or nonalloy steel flat-rolled products
199
241
2 113
2 184
2 313
2 383
210
280
2 575
2 406
Heavy fuel oils
261
1 472
1 572
52
2 059
98
1 437
1 537
269
1 991
147
203
1 799
1 516
1 979
1 682
148
147
1 795
1 689
Cane sugar, refined
Footwear, parts and components
Motor vehicles for the transport of goods
Ethyl alcohol
71
697
766
141
1 476
Civil engineering and contractors' plant and equipment
123
1 118
1 234
117
1 324
Pumps, compressors, fans and others
Electric motors, generators, transformers; parts thereof
100
78
1 107
807
1 211
903
117
138
1 244
1 213
73
919
1 008
134
1 184
Gasoline
Polymers of ethylene, propylene and styrene
140
938
1 066
43
1 139
Tractors
Aluminum oxide and aluminum hydroxide
113
37
1 121
508
1 239
576
115
164
1 109
1 031
Pneumatic rubber tires
72
749
830
86
930
Chassis fitted with engines and bodies for motor vehicles
74
835
925
77
905
2 753
28 176
31 162
3 022
31 369
251
2 270
2 482
252
2 769
Other
Special operations
2/
Source: MDIC/Secex
1/ Main products by value in the last twelve months.
2/ Including special transactions, on-board consumption and reexports.
January 2007 | Boletim do Banco Central do Brasil |
169
V.4 – Imports – FOB
By end-use category and selected products
US$ million
Itemization
2000*
2001*
2002*
2003*
2004*
Total
55 839
55 572
47 237
48 305
62 813
Capital goods
13 605
14 808
11 643
10 351
12 133
Industrial machinery
3 926
4 862
4 367
3 426
3 279
Other fixed equipments
2 882
3 147
1 912
1 920
2 529
Machines and apparatuses for offices, scientific services
2 629
2 806
2 258
2 109
2 679
Parts for industrial capital goods
1 535
1 675
1 199
1 206
1 518
Moving equipment for transportation
1 260
837
607
445
610
Accessories for industrial machinery
947
1 017
974
910
1 065
Tools
212
231
167
178
221
Fixed equipment for transportation
131
146
78
61
90
Machines and tools
39
38
19
22
67
Capital goods – sundry
45
48
62
73
76
7 442
7 148
5 908
5 538
6 861
3 993
3 631
3 400
3 121
3 673
Foodstuffs
1 507
1 169
1 085
924
1 058
Pharmaceutical products
1 126
1 185
1 211
1 248
1 454
Beauty products
239
226
184
197
238
Apparel and other textil clothing
217
204
136
116
177
Beverage and tobacco
161
180
163
159
184
Non-durables – sundry
743
667
620
478
562
Durable consumer goods
3 450
3 516
2 508
2 417
3 188
Passenger vehicles
1 211
1 405
730
578
583
Articles of adornment – personal use and others
697
713
684
714
920
Machines and apparatuses for domestic use
551
465
411
410
638
Durable consumer goods parts and spares
505
425
330
392
618
Furniture and other house equipments
182
243
154
137
190
79
86
66
61
84
224
179
134
125
155
6 358
6 276
6 240
6 591
10 315
Intermediate products and raw materials
28 432
27 340
23 446
25 825
33 503
Chemical and pharmaceutical products
7 856
7 951
7 297
7 534
9 638
Intermediate products – parts and spares
4 885
4 654
3 785
4 154
5 589
Mineral products
4 931
4 435
3 062
3 599
5 073
Accessories for transportation equipment
4 057
4 229
3 565
3 705
4 905
Inedible farm products
2 402
1 894
1 602
1 693
2 213
Foodstuffs
1 639
1 599
1 680
2 017
1 517
Other raw materials for farming
1 618
1 606
1 616
2 275
3 473
Building materials
395
428
442
440
503
Transportation equipment – parts and spares
310
324
171
153
341
Animal feed
283
167
178
209
168
55
54
49
45
83
Consumer goods
Non-durable consumer goods
Household appliances
Durables – sundry
Fuels and lubricants
Intermediate products and raw material – sundry
(continues)
170 |
Boletim do Banco Central do Brasil
|
January 2007
V.4 – Imports – FOB
By end-use category and selected products
(concluded)
US$ million
2005*
Itemization
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
Total
6 715
67 032
73 598
8 672
84 154
Capital goods
1 411
13 945
15 385
1 692
17 292
Industrial machinery
361
3 848
4 250
428
4 833
Other fixed equipments
317
2 990
3 312
373
3 685
Machines and apparatuses for offices, scientific services
335
3 036
3 380
410
3 919
Parts for industrial capital goods
1 840
153
1 588
1 744
180
Moving equipment for transportation
86
896
969
139
1 243
Accessories for industrial machinery
101
1 137
1 240
111
1 247
Tools
22
231
253
27
298
Fixed equipment for transportation
21
111
122
11
129
Machines and tools
6
52
55
4
38
Capital goods – sundry
9
55
59
10
59
875
7 668
8 484
1 205
10 886
439
4 101
4 556
586
5 354
Foodstuffs
132
1 200
1 374
178
1 544
Pharmaceutical products
1 995
Consumer goods
Non-durable consumer goods
148
1 547
1 684
201
Beauty products
28
255
277
31
292
Apparel and other textil clothing
30
252
274
55
402
Beverage and tobacco
22
180
211
30
258
Non-durables – sundry
80
668
735
91
863
Durable consumer goods
437
3 567
3 928
619
5 532
Passenger vehicles
119
731
819
207
1 685
Articles of adornment – personal use and others
108
1 020
1 124
142
1 272
Machines and apparatuses for domestic use
93
752
822
109
1 206
Durable consumer goods parts and spares
62
588
637
83
708
Furniture and other house equipments
19
181
199
26
248
Household appliances
10
90
100
15
119
Durables – sundry
25
206
228
36
294
Fuels and lubricants
1 073
10 809
11 925
1 722
14 321
Intermediate products and raw materials
3 356
34 610
37 803
4 053
41 655
Chemical and pharmaceutical products
902
9 772
10 699
1 146
11 222
Intermediate products – parts and spares
625
6 161
6 699
661
7 288
Mineral products
624
5 799
6 372
770
8 544
Accessories for transportation equipment
504
5 505
5 912
529
5 809
Inedible farm products
203
2 148
2 360
297
2 934
Foodstuffs
106
1 190
1 308
153
1 507
Other raw materials for farming
268
2 749
3 017
342
2 768
Building materials
54
577
638
80
735
Transportation equipment – parts and spares
45
411
466
37
495
Animal feed
14
185
203
26
198
Intermediate products and raw material – sundry
12
114
128
12
156
Source : MDIC/Secex
January 2007 | Boletim do Banco Central do Brasil |
171
V.5 – Trade by area – FOB
US$ million
Itemization
2001*
2000*
Total
1/
Efta
2/
Africa
Laia
Mercosur
2002*
2003*
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
55 086
55 839
- 753
58 223
55 572
2 650
60 362
47 237
13 125
73 084
48 305
24 780
- 593
756
1 040
- 284
629
1 227
- 598
618
1 118
- 499
617
1 209
1 347
2 907
-1 560
1 988
3 331
-1 343
2 362
2 676
- 313
2 860
3 288
- 428
12 902
11 653
1 249
12 225
10 001
2 223
9 866
8 224
1 642
12 920
8 210
4 710
7 733
7 795
- 62
6 364
7 009
- 646
3 311
5 611
-2 300
5 672
5 685
- 13
Argentina
6 233
6 842
- 610
5 002
6 206
-1 204
2 342
4 743
-2 401
4 561
4 673
- 111
Paraguay
832
351
480
720
300
420
558
383
175
707
475
232
Uruguay
669
602
67
641
503
138
410
485
- 74
404
538
- 134
Chile
1 246
969
278
1 352
845
506
1 461
649
812
1 880
821
1 059
Mexico
1 711
754
957
1 868
695
1 173
2 342
580
1 762
2 741
533
2 208
3/
2 211
2 134
77
2 641
1 451
1 190
2 752
1 384
1 368
2 627
1 171
1 456
6 324
8 600
-2 276
6 949
8 926
-1 976
8 791
7 996
795
11 676
8 923
2 754
1 085
1 222
- 137
1 902
1 328
574
2 520
1 554
966
4 533
2 147
2 385
581
1 438
- 857
736
1 574
- 838
852
1 067
- 214
1 223
1 079
144
Japan
2 472
2 961
- 489
1 986
3 064
-1 077
2 098
2 348
- 250
2 311
2 521
- 210
Others
2 186
2 979
- 793
2 325
2 959
- 635
3 320
3 028
292
3 610
3 176
434
566
1 087
- 521
555
927
- 371
782
740
41
978
750
227
13 366
13 033
333
14 378
13 043
1 335
15 535
10 436
5 099
16 900
9 726
7 174
Other
2/
Asia
China
Korea, Republic of
Canada
4/
USA
5/
Eastern Europe
Middle East
972
1 161
- 189
1 699
1 113
587
1 755
919
836
2 271
1 165
1 106
1 338
1 562
- 224
2 041
1 472
569
2 342
1 431
910
2 818
1 620
1 197
European Union
14 784
14 070
715
14 865
14 822
43
15 113
13 134
1 979
18 102
12 670
5 432
Germany
2 526
4 426
-1 901
2 502
4 812
-2 310
2 537
4 419
-1 883
3 136
4 206
-1 070
Belgium-Luxembourg
1 867
575
1 292
1 812
585
1 228
1 892
546
1 346
1 795
515
1 280
1 008
1 119
- 111
1 042
1 225
- 183
1 120
975
145
1 552
974
577
1 732
1 885
- 153
1 648
2 084
- 436
1 525
1 777
- 252
1 715
1 769
- 53
Italy
Netherlands
2 146
2 172
- 26
1 809
2 184
- 375
1 817
1 762
55
2 208
1 736
471
2 796
698
2 099
2 863
533
2 330
3 182
535
2 647
4 246
509
3 737
United Kingdom
1 498
1 238
261
1 705
1 235
470
1 769
1 343
426
1 899
1 205
694
1 211
1 958
- 747
1 484
2 165
- 680
1 272
1 776
- 504
1 552
1 757
- 205
2 731
726
2 005
2 892
709
2 183
3 197
562
2 635
3 943
743
3 200
2 324
4 983
-2 659
3 354
4 464
-1 110
3 536
4 132
- 596
3 844
4 543
- 699
Spain
6/
7/
France
8/
9/
Other
Other
Memo:
Opec
10/
(continues)
172 |
Boletim do Banco Central do Brasil
|
January 2007
V.5 – Trade by area – FOB
US$ million
(concluded)
2004*
Itemization
2005*
2005*
2006*
Jan-Nov
Jan-Nov
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
Exports
Imports
Balance
96 475
62 813
33 662
118 308
73 598
44 710
107 412
67 032
40 380
125 236
84 154
41 082
Total
1/
679
1 423
- 744
983
1 516
- 534
881
1 372
- 490
1 289
1 531
- 242
4 245
6 186
-1 941
5 977
6 656
- 679
5 433
5 887
- 453
6 700
7 757
-1 057
19 699
10 027
9 673
25 428
11 617
13 812
23 186
10 499
12 687
28 558
14 806
13 752
8 912
6 390
2 522
11 726
7 054
4 672
10 655
6 450
4 205
12 751
8 068
4 682
7 373
5 570
1 803
9 915
6 241
3 674
9 016
5 715
3 301
10 750
7 265
3 484
Efta
2/
Africa
Laia
Mercosur
Argentina
Paraguay
872
298
574
961
319
642
870
290
580
1 095
256
839
Uruguay
667
523
144
850
494
356
770
445
325
907
547
359
Chile
2 546
1 399
1 147
3 612
1 746
1 866
3 323
1 558
1 765
3 531
2 687
844
Mexico
3 948
704
3 244
4 064
844
3 220
3 705
765
2 940
4 092
1 192
2 901
3/
4 294
1 534
2 760
6 026
1 973
4 053
5 503
1 727
3 776
8 184
2 859
5 325
14 564
12 279
2 284
18 552
16 869
1 683
16 622
15 447
1 176
19 025
21 103
-2 078
5 440
3 710
1 729
6 834
5 354
1 480
6 092
4 853
1 239
7 826
7 293
534
1 429
1 730
- 301
1 896
2 327
- 431
1 734
2 122
- 388
1 784
2 908
-1 124
Other
2/
Asia
China
Korea, Republic of
Japan
2 768
2 869
- 101
3 476
3 405
71
3 137
3 149
- 11
3 520
3 580
- 59
Others
4 927
3 970
956
6 345
5 783
563
5 659
5 322
336
5 895
7 323
-1 428
Canada
4/
USA
1 199
866
333
1 944
1 019
925
1 708
944
764
2 134
1 086
1 048
20 341
11 513
8 828
22 741
12 852
9 889
20 605
11 769
8 835
22 715
13 567
9 148
5/
Eastern Europe
Middle East
2 695
1 432
1 264
3 861
1 174
2 687
3 586
1 053
2 533
4 026
1 367
2 659
3 692
2 312
1 380
4 286
2 510
1 777
3 857
2 359
1 499
5 056
2 958
2 098
European Union
9 101
23 898
15 805
8 093
26 493
18 153
8 340
24 281
16 617
7 665
27 607
18 506
Germany
4 036
5 072
-1 036
5 023
6 144
-1 121
4 592
5 630
-1 038
5 157
6 054
- 897
Belgium-Luxembourg
1 931
640
1 291
2 196
760
1 436
2 029
676
1 354
2 768
922
1 846
Spain
6/
7/
France
8/
Italy
Netherlands
United Kingdom
9/
Other
Other
1 984
1 176
808
2 173
1 333
841
1 986
1 222
764
2 099
1 266
833
2 190
2 288
- 98
2 503
2 704
- 201
2 298
2 479
- 180
2 460
2 604
- 144
2 904
2 054
851
3 224
2 281
943
2 946
2 102
845
3 463
2 325
1 138
5 917
618
5 298
5 283
586
4 697
4 869
532
4 336
5 237
729
4 508
1 203
2 117
1 355
761
2 591
1 376
1 216
2 315
1 254
1 062
2 504
1 301
2 819
2 601
218
3 500
2 970
530
3 245
2 722
523
3 918
3 304
614
5 462
971
4 492
8 042
1 232
6 811
7 252
1 087
6 165
8 125
1 472
6 652
5 714
7 868
-2 154
7 522
8 202
- 679
6 739
7 315
- 576
9 525
9 500
25
Memo:
Opec
10/
Source: MDIC/Secex
1/ Includes Iceland, Norway and Switzerland (includes Liechtenstein).
2/ Excludes Middle East countries.
3/ Includes Bolivia, Colombia, Ecuador, Peru and Venezuela.
4/ Includes Puerto Rico.
5/ Albania, Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovak Republic and countries from the former USSR. As of May 2004, Albania, Bulgaria, Romania and countries
from the former USSR, except Estonia, Latvia and Lithuania.
6/ Includes Canary Islands.
7/ Includes Monaco (Principality of).
8/ Includes San Marino (Republic of).
9/ Austria, Denmark, Finland, Greece, Ireland, Portugal and Sweden. As of May 2004, also includes Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland,
Slovack Republic and Slovenia
10/ Saudi Arabia, Algeria, Qatar, Kuwait, United Arab Emirates, Iran (Islamic Rep.), Iraq, Indonesia, Libya, Niger and Venezuela.
Note: Imports according to the country of origin, and not from the country of acquisition of the product.
January 2007 | Boletim do Banco Central do Brasil |
173
V.6 – Services
US$ million
Itemization
2001*
2002*
Total
-7 759
-4 957
-4 931
-4 678
-8 146
9 322
9 551
10 447
12 584
16 095
17 081
14 509
15 378
17 261
24 241
-2 966
-1 959
-1 590
-1 986
-1 788
Credit
1 422
1 536
1 822
2 467
3 186
Debit
4 388
3 494
3 412
4 453
4 974
Travel
-1 468
- 398
218
351
- 858
Credit
1 731
1 998
2 479
3 222
3 861
Debit
3 199
2 396
2 261
2 871
4 720
29
14
84
174
127
Credit
242
135
449
243
239
Debit
213
122
366
70
112
17
12
10
1
8
Credit
18
12
10
1
8
Debit
0
0
0
0
0
- 275
- 420
- 436
- 544
- 568
Credit
180
206
124
105
134
Debit
455
626
560
649
702
Financial
- 307
- 232
- 383
- 77
- 230
Credit
317
390
363
423
507
Debit
624
623
745
499
737
-1 106
-1 118
-1 034
-1 228
-1 626
Credit
Debit
Transportation
Communication
Construction
Insurance
Computer and information
Credit
2004*
2005*
27
36
29
53
88
1 133
1 155
1 063
1 281
1 713
-1 132
-1 129
-1 120
- 792
-1 303
112
100
108
113
102
1 244
1 229
1 228
905
1 404
Debit
Royalties and license fees
2003*
Credit
Debit
Merchanting and trade-related
- 23
- 12
- 92
- 235
- 279
Credit
413
421
389
379
606
Debit
436
433
480
613
885
-1 867
-1 672
-2 312
-2 166
-4 130
Operational leasing
Credit
Debit
Misc. business, professional and technical
278
49
25
59
78
2 146
1 721
2 337
2 225
4 208
2 300
2 460
2 158
2 378
3 651
Credit
3 921
3 848
3 719
4 515
6 038
Debit
1 622
1 388
1 562
2 136
2 387
- 307
- 251
- 283
- 362
- 396
Credit
58
58
54
47
56
Debit
365
309
337
409
451
- 652
- 252
- 151
- 192
- 755
604
761
877
957
1 192
1 256
1 013
1 028
1 149
1 947
Personal, cultural and recreational
Government services
Credit
Debit
(continues)
174 |
Boletim do Banco Central do Brasil
|
January 2007
V.6 – Services
US$ million
(concluded)
Itemization
2005*
Nov
Total
2006*
Jan-Nov
Year
Nov
Jan-Nov
- 977
-7 270
-8 146
- 541
-8 544
Credit
1 382
14 205
16 095
1 958
17 650
Debit
2 359
21 475
24 241
2 499
26 194
- 187
-1 666
-1 788
- 266
-2 688
Credit
262
2 876
3 186
302
3 085
Debit
449
4 542
4 974
568
5 773
Travel
- 91
- 821
- 858
- 114
-1 334
Credit
348
3 502
3 861
367
3 916
Debit
439
4 323
4 720
481
5 250
9
124
127
0
98
Credit
19
228
239
8
186
Debit
10
104
112
8
88
2
7
8
2
18
Credit
2
7
8
3
21
Debit
0
0
0
0
3
- 59
- 507
- 568
43
- 424
213
Transportation
Communication
Construction
Insurance
Credit
28
98
134
100
Debit
87
605
702
57
637
Financial
- 23
- 166
- 230
- 34
- 118
Credit
40
433
507
66
657
Debit
63
600
737
100
775
- 167
-1 442
-1 626
- 91
-1 747
Computer and information
Credit
11
73
88
15
95
Debit
178
1 515
1 713
106
1 842
- 175
-1 166
-1 303
- 168
-1 440
8
90
102
13
131
183
1 256
1 404
181
1 571
- 82
- 340
- 279
58
7
42
442
606
124
844
Royalties and license fees
Credit
Debit
Merchanting and trade-related
Credit
Debit
Operational leasing
Credit
Debit
Misc. business, professional and technical
124
782
885
66
837
- 394
-3 567
-4 130
- 451
-4 389
4
77
78
22
73
398
3 644
4 208
473
4 462
314
3 254
3 651
431
4 129
Credit
487
5 318
6 038
663
6 732
Debit
173
2 064
2 387
232
2 603
- 31
- 358
- 396
- 37
- 422
Credit
6
49
56
5
68
Debit
36
408
451
43
490
Personal, cultural and recreational
Government services
- 92
- 622
- 755
85
- 233
Credit
125
1 011
1 192
269
1 630
Debit
217
1 632
1 947
184
1 863
January 2007 | Boletim do Banco Central do Brasil |
175
V.7 – Income
US$ million
Itemization
Balance on income
2001*
2002*
2003*
2004*
2005*
-25 967
-19 743
-18 191
-18 552
-20 520
Credit
3 280
3 295
3 339
3 199
3 194
Debit
23 023
21 486
21 891
23 719
29 162
Compensation of employees
95
102
109
181
214
Credit
270
293
269
354
325
Debit
175
191
160
173
111
-19 838
-18 292
-18 661
-20 701
-26 181
Investment income
Credit
3 009
3 002
3 070
2 845
2 869
Debit
22 847
21 295
21 731
23 546
29 050
-4 638
-4 983
-5 098
-5 789
-10 302
367
967
886
1 114
733
Direct investment income
Credit
Debit
5 005
5 950
5 984
6 903
11 035
-3 438
-4 034
-4 076
-4 937
-9 142
Credit
264
857
760
916
641
Debit
3 702
4 891
4 836
5 853
9 783
-1 161
Income on equity (profits and dividends)
Income on intercompany loans (interest)
-1 201
- 949
-1 022
- 852
Credit
103
109
126
198
92
Debit
1 303
1 058
1 148
1 050
1 253
1 092
802
802
866
1 072
211
256
346
184
181
-9 621
-8 384
-8 743
-10 415
-11 778
Credit
1 463
1 383
1 323
733
785
Debit
11 084
9 767
10 066
11 149
12 563
-1 523
-1 128
-1 564
-2 400
-3 544
1
1
3
4
10
Paid in cash
Converted to FDI
Portfolio investment income
Income on equity (profits and dividends)
Credit
Debit
1 524
1 129
1 568
2 404
3 554
-8 097
-7 256
-7 179
-8 015
-8 234
Credit
1 462
1 382
1 320
729
775
Debit
9 560
8 638
8 499
8 744
9 009
Income on debt securities (interest)
1/
-5 579
-4 925
-4 820
-4 497
-4 101
Credit
1 179
653
861
998
1 351
Debit
6 758
5 578
5 681
5 495
5 452
Other investment income
Memo:
Interests
-14 877
-13 130
-13 020
-13 364
-13 496
Credit
2 744
2 144
2 307
1 925
2 218
Debit
17 621
15 275
15 328
15 289
15 713
-4 961
-5 162
-5 640
-7 338
-12 686
Profits and dividends
Credit
Debit
265
858
763
920
651
5 226
6 020
6 403
8 257
13 337
(continues)
176 |
Boletim do Banco Central do Brasil
|
January 2007
V.7 – Income
US$ million
(concluded)
Itemization
2005*
Balance on income
Credit
Debit
Compensation of employees
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
-1 695
-22 734
-25 967
-1 514
-23 316
248
2 911
3 194
499
5 968
1 943
25 645
29 162
2 013
29 284
11
191
214
17
174
Credit
27
294
325
37
355
Debit
16
102
111
20
181
-1 706
-22 925
-26 181
-1 531
-23 489
Investment income
Credit
Debit
Direct investment income
Credit
Debit
221
2 617
2 869
463
5 614
1 928
25 542
29 050
1 993
29 103
- 531
-7 914
-10 302
- 617
-10 050
65
685
733
34
1 028
596
8 598
11 035
651
11 078
- 418
-6 995
-9 142
- 493
-8 869
Credit
61
595
641
17
897
Debit
479
7 590
9 783
510
9 766
- 113
- 919
-1 161
- 124
-1 181
4
90
92
17
131
117
1 008
1 253
141
1 313
115
833
1 072
140
1 079
2
176
181
1
234
- 732
-11 193
-11 778
- 528
-10 142
Income on equity (profits and dividends)
Income on intercompany loans (interest)
Credit
Debit
Paid in cash
Converted to FDI
Portfolio investment income
Credit
51
722
785
246
2 768
Debit
783
11 915
12 563
774
12 909
- 302
-3 444
-3 544
- 270
-4 404
Income on equity (profits and dividends)
Credit
Debit
Income on debt securities (interest)
2
9
10
2
21
304
3 454
3 554
272
4 425
- 430
-7 748
-8 234
- 258
-5 737
Credit
49
713
775
244
2 747
Debit
479
8 461
9 009
502
8 484
- 443
-3 819
-4 101
- 386
-3 298
Credit
105
1 210
1 351
182
1 818
Debit
548
5 029
5 452
569
5 115
- 986
-12 486
-13 496
- 768
-10 216
1/
Other investment income
Memo:
Interests
Credit
Debit
Profits and dividends
159
2 012
2 218
444
4 696
1 144
14 498
15 713
1 212
14 912
-13 273
- 721
-10 439
-12 686
- 763
Credit
63
605
651
19
918
Debit
784
11 044
13 337
782
14 191
1/ Includes interests on trade credits, loans, deposits and other assets and liabilities.
January 2007 | Boletim do Banco Central do Brasil |
177
V.8 – Unrequited current transfers
US$ million
Itemization
2000*
2001*
2002*
2003*
2004*
Total
1 638
2 390
2 867
3 236
3 558
1 934
2 627
3 132
3 542
4 051
296
237
265
306
493
9
-1
- 21
- 38
- 59
Credit
73
57
48
44
81
Debit
64
58
68
82
140
1 629
2 391
2 887
3 274
3 616
1 860
2 570
3 084
3 498
3 969
232
179
197
224
353
1 009
1 573
1 882
2 292
2 217
Credit
Debit
General government transfers
Other sectors transfers
Credit
Debit
Workers' remittances
Credit
1 178
1 711
2 018
2 459
2 480
United States
555
897
1 059
1 534
1 358
Japan
444
532
526
419
615
Remaining countries
180
282
433
506
507
169
138
136
167
263
Debit
Other transfers
620
818
1 005
982
1 399
Credit
682
859
1 066
1 039
1 490
Debit
62
41
61
57
91
(continues)
178 |
Boletim do Banco Central do Brasil
|
January 2007
V.8 – Unrequited current transfers
US$ million
(concluded)
2005*
Itemization
Total
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
317
3 222
3 558
381
3 956
Credit
357
3 645
4 051
422
4 438
Debit
40
422
493
41
481
-1
- 38
- 59
6
- 20
General government transfers
Credit
10
64
81
14
82
Debit
11
103
140
8
101
Other sectors transfers
318
3 261
3 616
375
3 976
Credit
346
3 580
3 969
408
4 356
Debit
29
319
353
33
380
191
2 018
2 217
227
2 371
214
2 254
2 480
254
2 649
115
1 239
1 358
116
1 300
Japan
51
560
615
58
594
Remaining countries
49
455
507
80
755
24
235
263
27
278
127
1 242
1 399
148
1 605
132
1 327
1 490
154
1 707
5
84
91
6
102
Workers' remittances
Credit
United States
Debit
Other transfers
Credit
Debit
January 2007 | Boletim do Banco Central do Brasil |
179
V.9 – Direct investment
US$ million
Itemization
Total direct investment
2001*
2002*
2003*
2004*
2005*
24 715
14 108
9 894
8 339
12 550
Credit
35 123
27 045
20 975
27 087
31 577
Debit
10 408
12 937
11 081
18 748
19 027
Abroad
2 258
-2 482
- 249
-9 807
-2 517
Credit
5 106
585
1 737
1 287
1 515
Debit
2 849
3 067
1 986
11 094
4 032
1 752
-2 402
- 62
-6 640
-2 695
Equity capital
Credit
4 236
417
1 645
1 156
1 180
Debit
2 483
2 818
1 707
7 796
3 875
505
- 81
- 187
-3 167
178
Credit
871
168
93
131
335
Debit
365
249
280
3 298
157
- 268
- 79
- 187
-3 170
103
Credit
93
165
92
115
160
Debit
360
243
279
3 284
57
773
-2
0
3
75
778
4
1
16
175
Intercompany loans
Loans from headquarters in Brazil to affiliates abroad
Loans from affiliates abroad to headquarters in Brazil
Credit
Debit
Foreign direct investment in Brazil
Credit
Debit
Equity capital
Credit
Currency
Autonomous
Privatization related
Conversions
Autonomous
5
6
1
13
100
22 457
16 590
10 144
18 146
15 066
30 017
26 460
19 238
25 801
30 062
7 559
9 870
9 094
7 655
14 996
18 765
17 118
9 320
18 570
15 045
21 093
18 960
13 087
20 542
22 043
16 817
10 400
7 846
15 972
16 406
15 738
10 120
7 846
15 972
16 406
1 079
280
0
0
0
4 215
8 484
5 213
4 557
5 603
4 215
8 484
5 213
4 557
5 603
0
0
0
0
0
61
76
29
13
35
Privatization related
Merchandise
Reinvested earnings
Debit
Intercompany loans
...
...
...
...
2 328
1 842
3 767
1 971
...
6 998
3 692
- 528
823
- 424
21
Credit
8 924
7 500
6 150
5 259
8 018
Debit
5 232
8 028
5 327
5 683
7 997
3 688
- 529
803
- 412
340
Credit
8 911
7 495
6 120
5 254
7 990
Debit
Loans from headquarters abroad to affiliates in Brazil
5 223
8 024
5 317
5 666
7 650
Paid in cash
4 134
5 796
3 903
4 617
6 380
Converted to FDI equity capital
1 089
2 229
1 414
1 049
1 269
4
2
21
- 12
- 319
13
5
30
5
29
9
4
10
17
347
Loans from affiliates in Brazil to headquarters abroad
Credit
Debit
(continues)
180 |
Boletim do Banco Central do Brasil
|
January 2007
V.9 – Direct investment
(concluded)
US$ million
2005*
Itemization
Nov
Total direct investment
2006*
Jan-Nov
Year
Nov
Jan-Nov
908
11 000
12 550
550
-8 649
Credit
2 378
26 034
31 577
3 751
28 919
Debit
1 470
15 034
19 027
3 201
37 568
- 264
-2 660
-2 517
-2 118
-24 945
Abroad
Credit
368
1 136
1 515
52
1 061
Debit
632
3 796
4 032
2 170
26 005
-21 524
Equity capital
- 422
-2 884
-2 695
-1 078
Credit
207
814
1 180
51
937
Debit
629
3 698
3 875
1 129
22 461
-3 421
Intercompany loans
Credit
158
224
178
-1 040
161
322
335
1
123
3
98
157
1 041
3 544
-3 405
Debit
Loans from headquarters in Brazil to affiliates abroad
4
100
103
-1 039
Credit
6
150
160
1
117
Debit
2
50
57
1 040
3 523
154
124
75
-1
- 16
156
172
175
0
6
1
48
100
1
22
Loans from affiliates abroad to headquarters in Brazil
Credit
Debit
Foreign direct investment in Brazil
Credit
Debit
Equity capital
Credit
Currency
Autonomous
1 172
13 660
15 066
2 668
16 296
2 010
24 898
30 062
3 699
27 858
838
11 238
14 996
1 031
11 562
1 131
12 661
15 045
2 650
12 600
1 560
17 533
22 043
3 068
19 203
1 127
12 898
16 406
2 972
17 076
1 127
12 898
16 406
2 972
16 846
0
0
0
0
230
433
4 601
5 603
94
2 117
433
4 601
5 603
94
2 117
0
0
0
0
0
0
34
35
1
10
...
...
...
...
429
4 873
6 998
418
6 603
Privatization related
Conversions
Autonomous
Privatization related
Merchandise
Reinvested earnings
Debit
Intercompany loans
...
41
999
21
18
3 696
Credit
450
7 365
8 018
631
8 656
Debit
409
6 366
7 997
613
4 960
73
1 260
340
14
4 032
Credit
449
7 336
7 990
588
8 447
Debit
377
6 077
7 650
575
4 415
Paid in cash
220
5 599
6 380
523
3 866
Converted to FDI equity capital
157
478
1 269
51
549
- 32
- 260
- 319
4
- 336
Loans from headquarters abroad to affiliates in Brazil
Loans from affiliates in Brazil to headquarters abroad
Credit
0
29
29
43
209
Debit
33
289
347
39
544
January 2007 | Boletim do Banco Central do Brasil |
181
V.10 – Portfolio investment – assets
US$ million
Itemization
2001*
Total
2002*
2003*
2004*
2005*
-1 771
- 795
- 321
179
- 755
Credit
1 626
1 016
1 805
2 767
3 159
Debit
2 421
1 337
1 626
3 522
4 929
-1 121
- 389
- 258
- 121
- 831
Equity securities
Credit
Debit
Brazilian Depositary Receipts (BDR)
Credit
170
320
66
36
70
1 291
709
324
157
901
-4
150
106
- 10
0
153
113
2
1
0
3
7
12
1
4
-1 271
- 495
- 248
- 121
- 827
17
207
64
35
70
1 288
702
312
156
897
Debit
Other equities
Credit
Debit
Debt securities
326
67
437
- 633
- 940
Credit
1 457
696
1 738
2 732
3 089
Debit
1 130
629
1 302
3 365
4 029
326
67
437
- 633
- 519
1 456
696
1 738
2 731
3 088
326
0
359
8
0
1 130
696
1 379
2 724
3 088
1 130
629
1 302
3 365
3 607
0
0
0
0
- 421
Credit
0
0
0
0
0
Debt
0
0
0
0
421
Bonds and notes
Credit
Colateral release
Other
Debit
Short term
(continues)
182 |
Boletim do Banco Central do Brasil
|
January 2007
V.10 – Portfolio investment – assets
US$ million
(concluded)
2005*
Itemization
Total
Credit
Debit
Equity securities
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
- 58
-1 694
-1 771
- 86
683
97
2 707
3 159
292
5 402
155
4 401
4 929
378
4 719
-1
- 797
- 831
- 68
- 591
396
Credit
4
65
70
56
Debit
5
862
901
124
988
0
-2
-4
0
- 288
Credit
0
0
0
0
6
Debit
0
2
4
0
294
Brazilian Depositary Receipts (BDR)
Other equities
-1
- 795
- 827
- 68
- 303
Credit
4
65
70
56
390
Debit
5
859
897
124
694
- 56
- 897
- 940
- 18
1 275
Debt securities
Credit
93
2 642
3 089
236
5 006
150
3 539
4 029
254
3 731
- 56
- 505
- 519
- 18
1 093
93
2 641
3 088
235
4 499
0
0
0
0
846
93
2 641
3 088
235
3 653
150
3 147
3 607
254
3 406
0
- 392
- 421
0
182
Credit
0
0
0
0
507
Debt
0
392
421
0
325
Debit
Bonds and notes
Credit
Colateral release
Other
Debit
Short term
January 2007 | Boletim do Banco Central do Brasil |
183
V.11 – Portfolio investment – liabilities
US$ million
Itemization
2001*
Total
2002*
2003*
2004*
2005*
872
-4 797
5 129
-3 996
6 655
Credit
29 497
18 352
27 347
30 614
59 376
Debit
28 625
23 150
22 218
34 610
52 721
2 481
1 981
2 973
2 081
6 451
Credit
10 494
10 055
10 552
16 370
34 033
Debit
8 013
8 074
7 579
14 289
27 582
- 545
- 723
2 094
1 236
5 421
Credit
7 015
7 103
9 475
14 797
32 332
Debit
7 560
7 826
7 381
13 562
26 911
3 026
2 704
878
845
1 030
3 478
2 952
1 076
1 572
1 701
452
248
198
727
671
-1 609
-6 778
2 156
-6 076
204
Credit
19 003
8 297
16 795
14 245
25 344
Debit
20 612
15 076
14 639
20 321
25 139
- 274
- 223
272
101
689
- 246
- 218
163
38
413
532
538
717
1 121
2 450
2 037
Equity securities
Issued in the country
Issued abroad (Annex V - ADR)
Credit
Debit
Debt securities
Issued in the country
Medium and long-term
Credit
Debit
Short-term
Credit
Debit
Issued abroad
Bonds
Disbursements
778
756
555
1 083
- 28
-5
109
63
276
356
383
479
748
1 633
1 358
384
388
370
685
-1 335
-6 556
1 884
-6 178
- 485
1 160
1 597
2 319
- 440
2 207
12 490
9 699
4 101
7 087
5 928
New issues
7 549
4 070
5 889
5 928
7 981
Bond swaps
2 150
30
1 198
0
4 509
Amortizations
8 539
2 504
4 768
6 368
10 282
Paid in cash
6 389
2 473
3 570
6 368
5 773
Bond swaps
2 150
30
1 198
0
4 509
Face value
2 150
30
1 289
0
4 509
Discounts
Notes and commercial papers
Disbursements
Amortizations
0
-1
90
0
0
-3 118
-7 338
- 761
-6 111
-3 127
7 350
2 093
4 729
5 085
7 337
10 468
9 432
5 490
11 196
10 463
Money market instruments
Disbursements
623
- 815
326
373
435
1 066
1 182
3 783
1 363
1 434
442
1 996
3 457
990
999
Amortizations
(continues)
184 |
Boletim do Banco Central do Brasil
|
January 2007
V.11 – Portfolio investment – liabilities
US$ million
(concluded)
2005*
Itemization
Nov
Total
2006*
Jan-Nov
Year
Nov
Jan-Nov
1 679
5 168
6 655
2 606
7 132
Credit
6 181
52 527
59 376
9 302
90 921
Debit
4 502
47 359
52 721
6 696
83 789
929
5 327
6 451
439
7 431
Credit
3 726
29 598
34 033
4 927
46 790
Debit
2 797
24 271
27 582
4 488
39 360
837
4 402
5 421
528
5 622
Credit
3 553
28 058
32 332
4 795
44 125
Debit
2 716
23 656
26 911
4 267
38 503
92
925
1 030
- 89
1 808
Credit
173
1 540
1 701
132
2 665
Debit
81
615
671
221
857
Debt securities
750
- 159
204
2 167
- 299
Credit
2 455
22 929
25 344
4 376
44 130
Debit
1 705
23 088
25 139
2 209
44 429
106
560
689
1 024
9 258
64
336
413
631
5 802
Credit
269
2 127
2 450
1 024
16 048
Debit
206
1 791
2 037
394
10 246
42
224
276
393
3 457
Credit
179
1 418
1 633
586
9 509
Debit
137
1 194
1 358
193
6 053
Issued abroad
644
- 719
- 485
1 143
-9 557
-13 450
Equity securities
Issued in the country
Issued abroad (Annex V - ADR)
Issued in the country
Medium and long-term
Short-term
Bonds
500
1 707
2 207
524
Disbursements
500
11 990
12 490
1 500
5 229
New issues
500
7 481
7 981
1 500
4 531
Bond swaps
0
4 509
4 509
0
698
Amortizations
0
10 282
10 282
976
18 679
Paid in cash
0
5 773
5 773
949
16 596
2 084
Bond swaps
0
4 509
4 509
26
Face value
0
4 509
4 509
0
648
Discounts
0
0
0
- 26
-1 436
Notes and commercial papers
57
-2 959
-3 127
587
3 248
Disbursements
1 319
6 098
7 337
1 085
9 631
Amortizations
1 262
9 056
10 463
498
6 383
88
533
435
32
645
Disbursements
188
1 297
1 434
180
3 713
Amortizations
100
764
999
148
3 068
Money market instruments
January 2007 | Boletim do Banco Central do Brasil |
185
V.12 – Portfolio of foreign investors 1/
US$ million
Period
Stock of
2/
Portfolio composition (%)
Effective flows
assets
(end of
Stocks
Derivatives Debentures
period)
Fixed Privatization
income
currencies
Others
Inflow
Outflow
Net
1997
32 047
96.5
1.4
2.1
-
0.0
0.0
32 191
30 576
1 615
1998
17 365
94.8
4.2
1.0
-
0.0
0.0
21 887
24 349
- 2 462
1999
23 110
99.0
0.0
0.8
-
0.0
0.1
12 396
11 296
1 100
2000
18 528
91.9
0.1
0.9
7.0
0.0
0.1
10 831
12 666
- 1 835
2001
15 532
88.5
0.3
0.7
9.3
-
1.2
9 348
10 076
- 728
2002
10 373
74.7
2.3
1.2
21.5
-
0.2
7 565
7 901
- 336
2003
20 120
86.8
0.6
0.7
11.6
-
0.3
11 020
8 599
2 421
2004
29 066
90.1
1.1
0.2
8.3
-
0.3
20 219
19 949
270
Jan
28 640
89.3
0.7
0.3
9.0
-
0.7
1 617
1 437
181
Feb
34 496
87.9
2.8
0.2
8.6
-
0.3
2 571
2 349
222
Mar
33 764
88.6
2.0
0.4
8.1
-
0.9
2 937
2 230
707
Apr
32 449
86.9
1.5
0.8
10.6
-
0.1
2 723
3 127
- 404
May
34 869
85.4
2.0
0.4
11.6
-
0.6
1 173
2 132
- 959
Jun
36 935
86.8
1.0
0.3
11.5
-
0.5
2 754
2 964
- 210
Jul
37 757
87.7
1.1
0.3
10.4
-
0.4
2 918
1 888
1 030
Aug
43 185
87.3
2.4
0.3
9.5
-
0.5
2 087
3 266
- 1 178
Sep
51 024
86.4
2.5
0.3
9.2
-
1.6
3 406
2 890
516
Oct
49 653
87.9
0.9
0.3
9.3
-
1.6
2 915
3 275
- 360
Nov
53 444
88.0
1.0
0.4
9.2
-
1.4
3 780
2 949
831
Dec
53 439
91.0
0.4
0.2
6.8
-
1.5
7 156
6 825
331
Year
53 439
91.0
0.4
0.2
6.8
-
1.5
36 039
35 332
707
Jan
73 266
87.0
2.9
0.2
6.5
-
3.4
3 252
3 004
249
Feb
75 156
86.0
2.1
0.5
7.8
-
3.6
6 925
4 191
2 734
Mar
76 987
80.7
1.0
0.6
14.3
-
3.5
5 366
4 573
793
Apr
83 321
80.5
1.0
0.8
14.5
-
3.2
4 260
3 360
900
May
72 205
80.2
1.1
0.4
15.4
-
2.9
6 908
7 425
- 517
Jun
77 615
80.1
1.1
0.3
15.3
-
3.2
5 461
5 908
- 447
Jul
77 702
82.4
1.1
0.5
14.9
-
1.1
3 584
3 020
563
Aug
78 529
82.4
1.2
0.5
15.0
-
0.9
4 009
3 936
73
Sep
79 401
82.5
0.8
0.4
15.8
-
0.5
3 747
2 843
904
Oct
87 716
82.5
1.1
0.3
15.5
-
0.6
5 771
3 548
2 223
Nov
92 990
82.7
1.1
0.3
15.4
-
0.5
5 116
4 004
1 111
2005
2006
Source: CVM
1/ Until March, 2000, refers to funds invested in accordance with Resolution 1,289 dated March 3, 1987. As of April, 2000, refers to funds
invested in accordance with Resolution 2,689 dated January 26, 2000.
2/ Figures compiled by CVM based on data reported by portfolio managers. They do not show necessarily the exchange flow of each period.
186 |
Boletim do Banco Central do Brasil
|
January 2007
V.13 – Other investment – assets
US$ million
Itemization
2001*
2002*
2003*
2004*
2005*
- 6 586
- 3 211
- 9 752
- 2 085
- 5 035
- 1 050
- 1 740
- 811
- 1 489
- 1 840
- 1 358
- 1 724
- 665
- 1 217
- 1 872
Credit
1 417
1 739
1 962
2 422
2 069
Debit
2 775
3 462
2 627
3 639
3 941
309
- 16
- 145
- 272
32
- 8 001
- 1 300
- 8 579
- 668
- 2 930
Total
Loans
Long-term
Short-term (net)
Currency and deposits
Banks
- 3 857
4 341
- 7 009
1 407
- 1 187
Remaining domestic sectors
- 4 144
- 5 641
- 1 570
- 2 075
- 1 744
-
-
-
-
-
- 4 144
- 5 641
- 1 570
- 2 075
- 1 744
Colateral release
Other
Other assets
2 465
- 172
- 363
73
- 265
Long-term
2 424
- 122
- 77
- 38
- 169
2 564
3
1
31
2
140
126
78
70
171
41
- 50
- 286
111
- 96
Credit
Debit
Short-term (net)
(continues)
January 2007 | Boletim do Banco Central do Brasil |
187
V.13 – Other investment – assets
US$ million
(concluded)
2005*
Itemization
Total
2006*
Nov
Jan-Nov
Year
Nov
Jan-Nov
61
- 3 071
- 5 035
- 3 593
- 8 374
- 142
- 1 666
- 1 840
- 278
- 2 514
- 147
- 1 694
- 1 872
- 284
- 2 640
Credit
204
1 897
2 069
94
1 430
Debit
351
3 591
3 941
378
4 070
5
28
32
6
126
246
- 1 286
- 2 930
- 3 290
- 5 665
Loans
Long-term
Short-term (net)
Currency and deposits
Banks
448
226
- 1 187
- 3 056
- 4 623
- 201
- 1 512
- 1 744
- 234
- 1 042
-
-
-
-
-
- 201
- 1 512
- 1 744
- 234
- 1 042
Other assets
- 43
- 119
- 265
- 26
- 194
Long-term
- 10
- 92
- 169
- 28
- 152
Remaining domestic sectors
Colateral release
Other
Credit
1
2
2
-
4
Debit
11
93
171
28
156
- 34
- 28
- 96
3
- 42
Short-term (net)
188 |
Boletim do Banco Central do Brasil
|
January 2007
V.14 – Other investment – liabilities
US$ million
Itemization
2001*
2002*
2003*
2004*
2005*
Total
9 353
2 150
- 686
- 8 721
- 22 615
4 233
1 741
236
1 181
3 456
480
- 1 370
- 959
- 1 387
- 941
3 293
1 284
1 007
969
740
1 681
Trade credit (suppliers credit)
Long-term
Credit
Debit
Short-term (net)
Loans
Monetary Authority
2 813
2 654
1 967
2 356
3 753
3 111
1 195
2 568
4 397
5 714
1 031
- 1 549
- 10 421
- 26 753
6 639
11 363
4 645
- 4 494
- 23 402
Exceptional financing
6 757
11 480
4 769
- 4 363
- 23 271
IMF credit facitlities
6 757
11 480
4 769
- 4 363
- 23 271
6 757
16 045
17 596
-
-
Debit
-
4 564
12 826
4 363
23 271
1/
-
-
-
-
-
Credit
-
-
-
-
-
Debit
-
-
-
-
-
- 118
- 118
- 125
- 132
- 132
Credit
Other
Other long-term loans
Credit
Debit
Multilateral
Other
Short-term loans
Remaining sectors
Long-term loans
-
-
-
-
-
118
118
125
132
132
-
-
-
-
-
118
118
125
132
132
-
-
-
-
-
- 925
- 10 332
- 6 194
- 5 927
- 3 351
951
- 5 321
- 4 751
- 4 743
- 2 291
14 281
11 115
10 081
8 405
7 976
Multilateral
3 083
3 872
2 766
2 393
2 718
Agencies
1 739
1 519
1 731
785
1 219
Buyers credit
4 443
3 438
2 696
1 492
1 433
Direct loans
5 017
2 286
2 888
3 735
2 606
13 331
16 436
14 831
13 147
10 267
Multilateral
1 643
2 511
3 979
3 847
2 530
Agencies
1 879
2 030
2 585
2 617
2 624
Buyers credit
6 164
8 239
4 803
3 757
2 443
Direct loans
3 645
3 655
3 464
2 926
2 671
Short-term loans
- 1 875
- 5 011
- 1 443
- 1 184
- 1 059
Currency and deposits
- 596
- 621
625
517
567
2
-
3
1
115
Long-term
3
-
3
1
-
Short-term
- 1
-
-
-
115
Credit
Debit
Other liabilities
(continues)
January 2007 | Boletim do Banco Central do Brasil |
189
V.14 – Other investment – liabilities
US$ million
(concluded)
2005*
Itemization
Total
Trade credit (suppliers credit)
Long-term
Nov
Jan-Nov
Year
Nov
Jan-Nov
23 669
234
- 10 182
- 22 615
3 324
- 930
1 853
3 456
1 858
7 123
- 56
- 820
- 941
- 39
- 590
64
680
740
76
740
1 330
Credit
Debit
Short-term (net)
Loans
2006*
120
1 501
1 681
115
- 874
2 673
4 397
1 897
7 713
1 194
- 12 948
- 26 753
1 455
15 820
- 138
Monetary Authority
-
- 7 951
- 23 402
-
Exceptional financing
-
- 7 819
- 23 271
-
-
IMF credit facitlities
-
- 7 819
- 23 271
-
-
Credit
-
-
-
-
-
Debit
-
7 819
23 271
-
-
1/
-
-
-
-
-
Credit
-
-
-
-
-
Debit
-
-
-
-
- 138
Other
Other long-term loans
-
- 132
- 132
-
Credit
-
-
-
-
-
Debit
-
132
132
-
138
Multilateral
-
-
-
-
-
Other
-
132
132
-
138
-
-
-
-
-
Remaining sectors
Short-term loans
1 194
- 4 997
- 3 351
1 455
15 959
Long-term loans
- 133
- 3 431
- 2 291
1 551
17 087
595
6 064
7 976
1 978
26 319
Multilateral
220
2 035
2 718
398
4 885
Agencies
100
957
1 219
136
1 364
Buyers credit
111
1 143
1 433
151
1 987
Direct loans
165
1 929
2 606
1 294
18 083
728
9 495
10 267
427
9 232
Multilateral
315
2 408
2 530
201
1 841
Agencies
153
2 535
2 624
26
3 391
Buyers credit
136
2 084
2 443
149
2 178
Direct loans
125
2 468
2 671
52
1 823
Short-term loans
1 328
- 1 566
- 1 059
- 96
- 1 128
Currency and deposits
- 30
798
567
10
710
-
115
115
1
16
Long-term
-
-
-
-
-
Short-term
-
115
115
1
16
Credit
Debit
Other liabilities
1/ Includes loans provided by BIS and Bank of Japan.
190 |
Boletim do Banco Central do Brasil
|
January 2007
V.15 – International reserves in the Banco Central do Brasil
US$ million
End-of-period
International liquidity
Position
Change in position
Months of imports
of goods
1997
52 173
- 7 937
10
1998
44 556
- 7 616
9
1999
36 342
- 8 214
9
2000
33 011
- 3 331
7
2001
35 866
2 855
8
2002
37 823
1 957
10
2003
49 296
11 473
12
2004
52 935
3 639
10
Jan
54 022
1 087
10
Feb
59 017
4 995
11
Mar
61 960
2 942
11
Apr
61 591
- 368
11
May
60 709
- 882
11
Jun
59 885
- 824
10
Jul
54 688
- 5 197
10
Aug
55 076
388
9
Sep
57 008
1 932
10
Oct
60 245
3 237
10
Nov
64 277
4 032
11
Dec
53 799
- 10 478
9
Year
53 799
864
9
Jan
56 924
3 124
9
Feb
57 415
491
9
Mar
59 824
2 410
9
Apr
56 552
- 3 272
9
May
63 381
6 829
10
Jun
62 670
- 710
9
Jul
66 819
4 149
10
Aug
71 478
4 658
10
Sep
73 393
1 915
10
Oct
78 171
4 778
11
Nov
83 114
4 943
11
2005
2006
January 2007 | Boletim do Banco Central do Brasil |
191
V.16 – Statement of international reserves changes
International liquidity concept
US$ million
Itemization
2005
Nov
I - Stock - end of previous period
II - Overall balance of payments (a + b)
a. Sales to/purchases from resident banks
b. Banco Central external operations
Colateral release (capital and interests accrued)
Income earned on international reserves
Exceptional financing (capital and interests accrued)
Other
III - Balance on export-related loans (Finex) changes
IV - Change in market prices of international reserves
V - Change in international reserves (II + III + IV)
VI - Stock-end-of-period (I + V)
192 |
Boletim do Banco Central do Brasil
|
January 2007
2006
Jan-Nov
Year
Nov
Jan-Nov
60 245
52 935
52 935
78 171
53 799
4 358
14 994
4 319
4 269
27 419
3 862
17 454
21 491
2 639
31 900
497
- 2 458
- 17 171
1 631
- 4 481
-
-
-
-
-
91
1 163
1 280
297
2 514
- 178
- 8 905
- 24 357
-
- 107
583
5 284
5 906
1 334
- 6 889
-
-
-
-
-
- 327
- 3 654
- 3 456
674
1 896
4 032
11 342
864
4 943
29 315
64 277
64 277
53 799
83 114
83 114
V.17 – Composition of adjusted net international reserves
US$ million
Adjusted net international reserves
Period
1/
Assets
Gold
2/
3/
Cash
Securities
Liabilities
4/
Deposits
5/
Balance
Other
6/
7/
Net balance
Adjustments
1999
1 063
45
12 472
22 055
90
35 725
- 12 245
382
23 861
2000
578
16
14 394
17 962
62
33 011
- 1 764
293
31 541
2001
303
22
19 986
15 526
29
35 866
- 8 313
244
27 797
2002
375
629
24 323
12 476
21
37 823
- 20 793
- 692
16 339
2003
450
634
27 292
20 866
54
49 296
- 28 374
- 397
20 525
2004
473
64
31 190
21 162
46
52 935
- 24 946
- 447
27 541
2005
2006
Jan
456
385
29 448
23 730
3
54 022
- 24 505
497
30 014
Feb
470
125
29 736
28 696
- 9
59 017
- 24 620
409
34 806
Mar
462
77
29 366
32 067
- 12
61 960
- 23 247
832
39 544
Apr
471
380
30 371
30 290
80
61 591
- 23 339
783
39 036
May
450
91
32 717
27 457
- 6
60 709
- 22 695
1 199
39 213
Jun
472
111
38 503
20 815
- 17
59 885
- 20 704
1 290
40 471
Jul
463
353
39 677
14 179
15
54 688
- 15 664
1 427
40 450
Aug
468
104
41 091
13 348
64
55 076
- 15 750
1 077
40 402
Sep
511
33
43 598
12 851
15
57 008
- 15 638
1 581
42 950
Oct
508
284
43 309
16 109
35
60 245
- 15 599
1 818
46 464
Nov
535
141
45 737
17 843
20
64 277
- 15 365
1 911
50 823
Dec
554
126
41 100
11 947
72
53 799
-
1 714
55 513
Jan
614
218
41 890
14 123
79
56 924
-
- 434
56 490
Feb
599
137
44 469
12 186
24
57 415
-
- 156
57 259
Mar
629
105
44 086
14 953
52
59 824
-
- 240
59 584
Apr
696
246
44 212
11 335
63
56 552
-
- 747
55 805
May
705
654
49 207
12 785
30
63 381
-
- 808
62 573
Jun
663
92
49 907
11 976
33
62 670
-
- 711
61 959
Jul
683
81
48 841
17 186
28
66 819
-
- 943
65 877
Aug
673
49
60 108
10 527
119
71 478
-
- 1 169
70 309
Sep
647
95
62 148
10 443
60
73 393
-
- 1 127
72 266
Oct
652
110
63 543
13 792
73
78 171
-
- 1 222
76 949
Nov
699
128
70 134
12 123
30
83 114
-
- 1 896
81 218
1/ Does not include export-related loans (Finex).
2/ Includes metalic gold and deposit gold. Up to September 1999, market prices valued through 40-day London PMFixing medium price; as of October 1999,
prices valued by the closing date prices.
3/ Includes SDR, demand deposits and foreign currency.
4/ Prices marked to market beginning November 2000.
5/ Includes, until February 2001, CCR creditor balance and export-related loans to other countries; beginning March 2001, includes only CCR creditor balance.
6/ Includes CCR debtor balance, credits from the IMF and, beginning in December 1998, the IMF-lead Financial Assistance Program outstanding debt.
7/ Includes adjustments referring to changes in the parity of currencies in which reserve assets and liabilities are denominated, fluctuations in gold prices and,
as of November 2000, growth in securities prices and reclassifications whenever they may occur.
January 2007 | Boletim do Banco Central do Brasil |
193
V.18 – Foreign exchange operations
US$ million
Operations with clients in Brazil
Period
Operations with
Balance
banks abroad
Commercial
Exports
Financial
Imports
Balance
Purchases
Sales
(A)
Balance
1/
(net)
Balance
(B)
C=A+B
(D)
E=C+D
1998
47 735
43 903
3 833
126 562
120 093
6 470
10 302
- 24 817
- 14 515
1999
41 641
32 905
8 736
92 401
107 118
- 14 717
- 5 981
- 10 201
- 16 182
2000
51 699
46 069
5 629
99 290
92 971
6 319
11 948
- 7 269
4 680
2001
58 036
47 248
10 789
85 710
93 350
- 7 640
3 149
- 6 110
- 2 962
2002
60 083
39 756
20 327
69 781
93 989
- 24 208
- 3 881
- 9 106
- 12 987
2003
73 203
44 848
28 355
72 118
98 096
- 25 978
2 377
- 1 660
719
2004
93 466
56 794
36 672
84 621
109 369
- 24 748
11 924
- 5 562
6 362
Jan
7 409
5 410
2 000
6 537
6 757
- 221
1 779
- 440
1 340
Feb
7 963
4 444
3 519
8 691
8 271
420
3 939
4
3 943
Mar
10 264
5 707
4 557
10 018
11 489
- 1 470
3 086
- 56
3 030
Apr
8 846
5 339
3 507
8 396
11 372
- 2 976
531
-
531
May
10 284
6 026
4 258
6 893
11 961
- 5 069
- 811
-
- 811
Jun
11 369
6 059
5 310
10 059
14 640
- 4 581
728
-
728
Jul
11 274
5 723
5 552
11 432
14 949
- 3 518
2 034
-
2 034
Aug
11 122
6 249
4 873
10 387
15 267
- 4 880
- 7
-
- 7
2005
2006
Sep
9 764
6 741
3 023
9 693
14 015
- 4 322
- 1 298
-
- 1 298
Oct
11 926
6 268
5 658
9 265
11 137
- 1 872
3 786
-
3 786
Nov
10 429
7 112
3 317
11 853
12 400
- 548
2 769
-
2 769
Dec
12 370
6 172
6 199
17 019
20 445
- 3 426
2 773
-
2 773
Year
123 021
71 248
51 772
120 241
152 703
- 32 462
19 310
- 492
18 819
Jan
9 410
6 261
3 149
13 631
14 831
- 1 200
1 949
-
1 949
Feb
10 582
5 647
4 935
16 813
13 998
2 815
7 750
-
7 750
Mar
12 334
6 797
5 537
17 252
14 797
2 456
7 993
-
7 993
Apr
10 116
6 792
3 325
11 128
13 844
- 2 715
609
-
609
May
14 080
6 750
7 330
17 372
17 199
174
7 504
-
7 504
Jun
11 144
7 568
3 575
16 689
22 940
- 6 251
- 2 676
-
- 2 676
Jul
11 831
7 036
4 795
11 575
13 878
- 2 303
2 492
-
2 492
Aug
12 379
8 554
3 824
14 410
16 944
- 2 533
1 291
-
1 291
Sep
12 522
7 022
5 501
14 516
14 882
- 366
5 134
-
5 134
Oct
11 690
8 955
2 735
28 589
28 137
452
3 187
-
3 187
Nov
12 751
7 661
5 090
17 319
16 909
410
5 500
-
5 500
Memo:
2005
Jan-Nov
110 650
65 077
45 574
103 222
132 259
- 29 036
16 537
- 492
16 046
2006
Jan-Nov
128 839
79 043
49 796
179 295
188 358
- 9 063
40 733
-
40 733
1/ Transactions related to international flows in reais, including non-residents' deposits held in Brazil.
194 |
Boletim do Banco Central do Brasil
|
January 2007
V.19 – Total external debt
US$ million
Itemization
2003
2004
2005
Mar
Registered debt
Nonfinancial public sector
Banks
Brazilian
Jun
2006
Sep
Dec
Mar
Jun
Sep
200 107
185 382
184 304
178 016
169 998
153 749
152 850
143 490
145 707
119 785
114 713
114 900
109 976
104 148
87 567
82 641
75 466
74 850
5 700
5 207
5 040
4 521
4 108
4 267
4 361
4 260
4 287
1 274
1 207
1 203
1 188
1 165
1 080
1 096
1 002
1 007
Foreign
4 425
4 000
3 837
3 332
2 943
3 187
3 265
3 258
3 280
Multilateral
45 978
41 706
39 915
36 949
31 769
16 248
16 639
18 328
18 217
2 438
Bilateral (Paris Club included)
Debt bond from banks
Other
1/
6 795
6 706
6 503
5 429
5 329
5 111
3 353
2 571
16 118
14 174
14 174
13 244
8 663
6 948
6 459
-
-
45 194
46 920
49 268
49 833
54 280
54 993
51 830
50 307
49 909
80 322
70 669
69 404
68 040
65 850
66 182
70 208
68 025
70 857
56 173
53 201
52 822
52 057
49 780
49 120
52 494
42 425
44 377
Brazilian
6 495
10 256
10 078
9 854
9 719
10 737
12 835
11 017
11 059
Foreign
49 678
42 945
42 744
42 203
40 061
38 383
39 659
31 408
33 318
Private sector
Banks
Multilateral
5 737
5 490
5 363
4 992
5 165
5 531
5 649
6 056
6 542
Bilateral
6 061
4 264
4 007
3 758
3 387
3 504
3 824
3 638
3 755
Other
Nonregistered debt
Nonfinancial public sector
Credit lines
Banco Central do Brasil
1/
Private sector
Commercial banks (liabilities)
Total external debt
2/
Nonfinancial public sector
1/
Private sector
International reserves
Brazilian credit abroad
Commercial banks assets
Net total external debt
Intercompany loans
Total external debt, includes intercompany loans
12 351
7 714
7 212
7 233
7 518
8 028
8 241
15 906
16 183
14 822
15 991
17 618
13 293
13 153
15 701
13 802
13 170
13 853
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14 822
15 991
17 618
13 293
13 153
15 701
13 802
13 170
13 853
14 822
15 991
17 618
13 293
13 153
15 701
13 802
13 170
13 853
214 930
201 373
201 922
191 309
183 151
169 450
166 652
156 661
159 560
119 785
114 713
114 900
109 976
104 148
87 567
82 641
75 466
74 850
95 144
86 660
87 022
81 333
79 002
81 884
84 010
81 195
84 710
49 296
52 935
61 960
59 885
57 008
53 799
59 824
62 670
73 393
2 915
2 597
2 607
2 681
2 708
2 778
2 790
2 836
2 848
11 726
10 140
9 567
7 520
13 456
11 790
15 685
11 747
12 489
150 992
135 701
127 788
121 223
109 979
101 082
88 352
79 408
70 830
20 484
18 808
19 687
20 081
18 847
18 537
20 216
20 998
22 775
235 414
220 181
221 609
211 391
201 998
187 987
186 868
177 659
182 335
Memo:
Foreign banks
67 424
61 316
62 414
57 482
54 824
55 681
55 328
46 503
49 048
Registered
54 103
46 945
46 581
45 535
43 004
41 570
42 924
34 666
36 598
Nonregistered
13 321
14 371
15 833
11 947
11 820
14 111
12 404
11 836
12 450
Brazilian banks
9 271
13 083
13 066
12 389
12 216
13 407
15 330
13 353
13 469
Registered
7 770
11 463
11 281
11 042
10 884
11 817
13 932
12 019
12 066
Nonregistered
1 501
1 620
1 785
1 347
1 332
1 591
1 398
1 334
1 403
1/ Includes financial public sector.
2/ As of March, 2001, excludes debt related to intercompany loans and includes revision of debt position.
January 2007 | Boletim do Banco Central do Brasil |
195
V.20 – Registered external debt
Distribution by interest rate category1/
2005
Itemization
Mar
US$
Floating rates
2006
Jun
Sep
US$
Dec
%
US$
Mar
Jun
Sep
%
US$
%
%
US$
%
US$
%
million
share
million
share
million
share
million
share
million
share
million
share
million
US$
share
%
72 981
39.6
68 283
38.4
63 391
37.3
48 350
31.4
48 792
31.9
44 545
31.0
46 399
31.8
Libor
27 935
15.2
26 452
14.9
26 679
15.7
26 649
17.3
26 642
17.4
20 590
14.3
22 010
15.1
Prime
2 013
1.1
1 781
1.0
1 730
1.0
1 633
1.1
1 462
1.0
1 196
0.8
1 149
0.8
22
0.0
21
0.0
21
0.0
21
0.0
21
0.0
22
0.0
22
0.0
0.8
New York
Other
IMF
IBRD
IDB
Others
Fixed rates
IBRD
IDB
Other
Total
1 991
1.1
1 760
1.0
1 710
1.0
1 612
1.0
1 441
0.9
1 174
0.8
1 127
23 247
12.6
20 704
11.6
15 638
9.2
-
-
-
-
-
-
-
-
8 139
4.4
8 056
4.5
8 034
4.7
8 085
5.3
8 112
5.3
9 475
6.6
9 460
6.5
10 809
5.9
10 442
5.9
10 350
6.1
10 672
6.9
11 058
7.2
11 831
8.2
12 062
8.3
838
0.5
848
0.5
959
0.6
1 312
0.9
1 518
1.0
1 453
1.0
1 719
1.2
111 323
60.4
109 733
61.6
106 607
62.7
105 399
68.6
104 058
68.1
98 945
69.0
99 309
68.2
17
0.0
-
-
-
-
-
-
-
-
-
-
-
-
998
0.5
977
0.5
941
0.6
881
0.6
845
0.6
816
0.6
773
0.5
110 308
59.9
108 756
61.1
105 667
62.2
104 518
68.0
103 212
67.5
98 129
68.4
98 536
67.6
184 304
100.0
178 016
100.0
169 998
100.0
153 749
100.0
152 850
100.0
143 490
100.0
145 707
100.0
Note: Excludes debt related to intercompany loans and includes revision of debt position.
196 |
Boletim do Banco Central do Brasil
|
January 2007
V.21 – Registered external debt
Distribution by currency
2005
Itemization
Mar
1/
Jun
2006
Sep
Dec
Mar
Jun
Sep
US$
%
US$
%
US$
%
US$
%
US$
%
US$
%
US$
%
million
share
million
share
million
share
million
share
million
share
million
share
million
share
72.8 127 024
81.6 117 620
80.7
74.7
126 233
82.1
125 717
11 222
6.1
10 920
6.1
10 444
6.1
10 481
6.8
10 671
7.0
10 128
7.1
10 982
7.5
17 719
9.6
15 113
8.5
13 389
7.9
13 114
8.5
12 374
8.1
12 226
8.5
12 155
8.3
13 031
7.1
11 280
6.3
9 675
5.7
9 587
6.2
9 871
6.5
10 037
7.0
10 037
6.9
3 094
1.7
2 669
1.5
2 631
1.5
2 496
1.6
1 663
1.1
1 679
1.2
1 626
1.1
French franc
838
0.5
614
0.3
608
0.4
561
0.4
376
0.2
23
0.0
10
0.0
Italian lira
553
0.3
442
0.2
367
0.2
364
0.2
371
0.2
391
0.3
387
0.3
9
0.0
7
0.0
7
0.0
7
0.0
0
0.0
0
0.0
0
0.0
US dollar
Yen
Euro zone
2/
Euro
Deutsche mark
Austrian schilling
Portuguese escudo
Dutch guilder
Belgian franc
Special Drawing Right
Sterling pound
130 508
70.8 129 568
82.2 117 066
81
0.0
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
0
0.0
7
0.0
4
0.0
4
0.0
4
0.0
3
0.0
1
0.0
0
0.0
0.1
106
0.1
97
0.1
96
0.1
95
0.1
90
0.1
95
0.1
94
23 259
12.6
20 716
11.6
15 649
9.2
11
0.0
10
0.0
11
0.0
4
0.0
636
0.3
528
0.3
523
0.3
507
0.3
284
0.2
300
0.2
285
0.2
Swiss franc
338
0.2
148
0.1
151
0.1
143
0.1
85
0.1
88
0.1
86
0.1
Canadian dollar
118
0.1
103
0.1
114
0.1
116
0.1
55
0.0
68
0.0
64
0.0
Other
504
0.3
918
0.5
2 704
1.6
3 145
2.0
3 653
2.4
3 603
2.5
4 511
3.1
100.0 169 998
100.0
153 749
100.0
152 850
100.0 145 707
100.0
Total
184 304
100.0 178 016
100.0 143 490
Memo:
IDB
IBRD
11 807
6.4
11 419
6.4
11 291
6.6
11 553
7.5
11 903
7.8
12 647
8.8
12 835
8.8
8 124
4.4
8 056
4.5
8 034
4.7
8 085
5.3
8 112
5.3
9 475
6.6
9 460
6.5
1/ Includes World Bank and IDB.
2/ Original currency.
Note: Excludes debt related to intercompany loans and includes revision of debt position.
January 2007 | Boletim do Banco Central do Brasil |
197
V.22 – Medium and long-term registered external debt
Principal amortization schedule
US$ million
Itemization
Outstanding
2006
Jan-Sep
9.30.2006
1/
2006
2007
2008
2009
2010
2011
2012
(Oct-Dec)
Paid
-
-
-
-
-
-
-
-
-
39 559
7 520
1 567
5 001
3 807
3 820
4 813
3 448
4 198
24 749
1 482
497
1 949
1 944
2 248
2 434
2 426
3 278
9 460
207
179
855
760
901
888
1 066
1 967
IDB
12 835
196
238
901
948
984
1 069
1 034
978
IFC
1 205
64
70
135
167
159
141
131
100
Other
1 249
1 015
11
58
69
204
336
195
233
6 192
3 339
195
765
741
773
769
573
564
84
-
5
20
15
12
10
7
7
305
-
14
45
35
32
31
31
32
4 115
-
75
400
455
510
395
375
379
938
-
74
164
130
112
236
79
59
-
-
-
-
-
-
-
-
-
IMF loans
Import financing
International entities
World Bank
Government agencies
USAID – project loans
Eximbank – USA
Eximbank – Japan
KFW
Paris Club
Other
Other financing sources
751
3 339
27
137
105
108
96
80
87
8 618
2 699
874
2 287
1 122
799
1 610
449
356
Foreign commercial banks
2 149
934
298
513
446
279
183
138
175
Brazilian banks
1 626
706
167
412
218
190
124
118
112
Nonfinancial institutions
4 843
1 059
409
1 362
458
331
1 302
194
70
51 092
6 744
2 433
10 480
6 598
4 673
4 583
3 622
1 316
Foreign commercial banks
38 745
5 142
1 986
8 036
5 590
3 579
3 473
2 379
1 023
Brazilian banks
10 587
1 367
294
2 005
598
975
1 036
1 178
226
1 760
235
153
439
411
119
73
64
67
-
-
-
-
-
-
-
-
-
50 820
17 391
803
3 818
2 033
1 986
2 631
3 236
2 957
-
-
-
-
-
-
-
-
141 471
31 655
4 803
19 300
12 438
10 479
12 026
10 306
8 471
17 680
3 291
2 482
4 670
2 162
1 475
1 455
1 503
629
159 151
34 946
7 285
23 970
14 601
11 954
13 481
11 809
9 100
Currency loans
Nonbanks
Program loans (IDA)
Bonds
Other loans
Total medium and long-term debts
2/
Intercompany loans – m .l .t.
Total medium and long-term debts,
includes intercompany loans
(continues)
198 |
Boletim do Banco Central do Brasil
|
January 2007
V.22 – Medium and long-term registered external debt
Principal amortization schedule
(concluded)
US$ million
Itemization
2013
2014
2015
2016
2017
2018
2019
2020
2021
Due and
postponed
IMF loans
1/
Import financing
International entities
-
-
-
-
-
-
-
-
-
-
2 718
1 837
1 655
1 356
1 169
934
753
591
468
1 422
959
1 943
1 299
1 229
1 085
979
800
678
551
449
World Bank
783
378
327
316
278
190
182
182
130
78
IDB
915
847
833
749
677
607
493
368
319
875
IFC
191
38
28
17
20
2
2
-
-
4
53
36
41
3
3
1
1
1
1
3
471
370
311
235
163
113
72
36
13
30
-
Other
Government agencies
USAID – project loans
Eximbank – USA
Eximbank – Japan
KFW
Paris Club
Other
Other financing sources
Foreign commercial banks
5
1
-
-
-
-
-
-
-
32
31
18
2
1
1
-
-
-
-
352
303
263
209
151
110
68
35
12
22
20
17
17
15
8
1
1
-
-
5
-
-
-
-
-
-
-
-
-
-
60
17
12
9
3
2
3
1
1
3
305
168
115
36
27
20
4
5
5
434
31
46
22
12
5
-
-
-
-
-
Brazilian banks
111
111
56
-
-
-
-
-
-
7
Nonfinancial institutions
148
35
47
31
27
20
4
5
5
395
3 723
1 754
3 228
2 643
618
181
121
635
224
4 262
3 145
1 389
1 676
1 082
618
175
121
166
134
4 173
574
364
1 365
1 383
-
5
-
468
90
27
4
2
187
177
1
-
-
-
-
62
-
-
-
-
-
-
-
-
-
-
2 278
1 675
3 616
2 190
992
250
1 500
760
-
20 095
-
-
-
-
-
-
-
-
-
-
8 719
5 266
8 498
6 188
2 779
1 365
2 374
1 986
692
25 779
316
538
464
845
48
83
23
125
11
850
9 036
5 804
8 962
7 033
2 827
1 448
2 398
2 110
703
26 629
Currency loans
Foreign commercial banks
Brazilian banks
Nonbanks
Program loans (IDA)
Bonds
Other loans
Total medium and long-term debts
2/
Intercompany loans – m .l .t.
Total medium and long-term debts,
includes intercompany loans
1/ Repurchases of reais by Brazil in IMF are included as reduction of liabilities in balance of payments.
2/ Excludes debt related to intercompany loans and includes revision of debt position.
January 2007 | Boletim do Banco Central do Brasil |
199
V.23 – Registered external debt
Distribution by type of debtor and creditor
Outstanding as of 9.30.2006
US$ million
Itemization
Public sector
Total
Federal sector
Total
(1)=(2)+(11)
1/
(2)=(3)+(7)
Total
Government
(3)=(4)+(5)+(6)
(4)
Enterprises
Nonfinancial
Financial
(5)
(6)
-
-
-
-
-
-
39 559
26 783
19 222
12 619
2 127
4 477
24 749
21 635
15 053
10 545
1 090
3 418
9 460
9 445
7 317
7 198
82
37
IDB
12 835
11 881
7 528
3 344
803
3 381
IFC
1 205
-
-
-
-
-
Other
1 249
309
209
4
205
-
6 192
3 305
2 479
727
885
867
11
IMF loans
Import financing
International entities
World Bank
Government agencies
USAID – project loans
84
84
84
73
1
305
35
35
12
23
-
4 115
2 610
1 819
519
606
694
KFW
938
349
314
12
141
161
Opic
51
-
-
-
-
-
PL-480 (USA Government)
-
-
-
-
-
-
Paris Club
-
-
-
-
-
-
701
226
226
112
115
-
8 618
1 843
1 690
1 346
152
192
Eximbank – USA
Eximbank – Japan
Other
Other financing sources
Foreign commercial banks
2 149
356
219
116
89
14
Brazilian banks
1 626
1 178
1 164
987
-
177
Nonfinancial institutions
4 843
309
306
243
63
-
51 092
7 380
6 137
163
1 540
4 434
Foreign commercial banks
38 745
5 648
4 405
157
1 539
2 709
Brazilian banks
10 587
1 731
1 731
6
0
1 724
1 760
1
1
-
1
-
-
-
-
-
-
-
50 820
49 592
49 592
49 592
-
-
-
-
-
-
-
-
141 471
83 755
74 951
62 374
3 667
8 910
4 236
419
416
6
-
410
10
-
-
-
-
-
-
-
-
-
-
-
Foreign commercial banks
2 312
1
1
-
-
1
Brazilian banks
1 426
412
409
-
-
409
488
6
6
6
0
-
-
-
-
-
0
-
145 707
84 175
75 367
62 380
3 667
9 320
22 775
36
36
-
36
-
168 482
84 211
75 403
62 380
3 703
9 320
Currency loans
Nonbanks
Program loans (IDA)
Bonds
Other loans
Total medium and long-term debts
Total short term debts
International entities
Government agencies
Nonfinancial institutions
Bonds
2/
Total
Intercompany loans
Total external debt,
includes intercompany loans
(continues)
200 |
Boletim do Banco Central do Brasil
|
January 2007
V.23 – Registered external debt
Distribution by type of debtor and creditor
Outstanding as of 9.30.2006
(concluded)
US$ million
Public sector
Itemization
Private sector
State and local sector
Total Government
(7)=(8)+(9)+(10)
IMF loans
1/
Import financing
International entities
Total
Nonfinancial
Financial
(11)=(12)+(13)
(12)
(13)
Enterprises
Nonfinancial
Financial
(9)
(10)
(8)
-
-
-
-
-
-
-
7 561
6 584
977
-
12 776
11 225
1 551
643
6 581
6 076
506
-
3 114
2 471
World Bank
2 129
2 129
-
-
14
14
-
IDB
4 353
3 847
506
-
954
947
7
IFC
-
-
-
-
1 205
991
214
100
100
-
-
940
519
422
825
434
391
-
2 888
2 819
69
USAID – project loans
-
-
-
-
-
-
-
Eximbank – USA
-
-
-
-
270
270
-
791
413
378
-
1 505
1 499
6
KFW
35
21
13
-
589
576
13
Opic
-
-
-
-
51
51
-
PL-480 (USA Government)
-
-
-
-
-
-
-
Other
Government agencies
Eximbank – Japan
Paris Club
Other
Other financing sources
Foreign commercial banks
Brazilian banks
Nonfinancial institutions
Currency loans
Foreign commercial banks
-
-
-
-
-
-
7
- 0
- 0
- 0
-
474
424
44
154
74
80
-
6 774
5 936
839
137
71
66
-
1 793
1 296
497
14
-
14
-
448
107
341
3
3
-
-
4 534
4 533
1
1 244
98
1 145
1
43 712
29 592
14 119
1 243
98
1 145
-
33 097
26 553
6 544
Brazilian banks
1
-
-
1
8 856
2 718
6 138
Nonbanks
-
-
-
-
1 759
321
1 437
Program loans (IDA)
-
-
-
-
-
-
-
Bonds
-
-
-
-
1 228
1 003
225
Other loans
Total medium and long-term debts
Total short term debts
-
-
-
-
-
-
-
8 804
6 682
2 122
1
57 716
41 821
15 895
4
-
-
4
3 817
1 309
2 508
International entities
-
-
-
-
10
-
10
Government agencies
-
-
-
-
-
-
-
Foreign commercial banks
-
-
-
-
2 311
666
1 645
Brazilian banks
4
-
-
4
1 014
306
708
Nonfinancial institutions
-
-
-
-
482
336
146
Bonds
-
-
-
-
-
-
-
8 808
6 682
2 122
4
61 532
43 129
18 403
-
-
-
-
22 738
22 682
56
8 808
6 682
2 122
4
84 271
65 812
18 459
2/
Total
Intercompany loans
Total external debt,
includes intercompany loans
1/ "Reais" repurchases by Brazil in IMF are included as reduction of liabilities in the balance of payments.
2/ Excludes debt related to intercompany loans and includes revision of debt position.
January 2007 | Boletim do Banco Central do Brasil |
201
V.24 – Total external debt by debtor
US$ million
Itemization
2005
1/
2006
1/
Mar
Jun
Sep
Dec
Mar
Jun
Sep
181 462
174 554
166 706
150 674
148 837
140 251
141 471
114 900
109 976
104 148
87 567
82 641
75 466
74 844
66 562
64 578
62 557
63 107
66 195
64 785
66 627
20 459
16 755
16 445
18 777
17 815
16 410
18 094
6
6
-
0
-
-
6
Banco Central (liabilities)
-
-
-
-
-
-
-
Credit lines
-
-
-
-
-
-
-
6
6
-
0
-
-
6
20 453
16 749
16 445
18 776
17 815
16 410
18 088
17 618
13 293
13 153
15 701
13 802
13 170
13 853
2 835
3 462
3 293
3 075
4 013
3 239
4 235
-
-
-
-
-
-
-
661
666
626
602
480
499
524
2 174
2 795
2 667
2 473
3 533
2 740
3 711
4/
201 921
191 309
183 151
169 451
166 652
156 660
159 565
Intercompany loans
19 687
20 081
18 847
18 537
20 216
20 998
22 775
221 608
211 391
201 998
187 988
186 868
177 659
182 340
Medium and long-term debt
2/
Nonfinancial public sector
Private sector and financial public sector
Short-term debt
Nonfinancial public sector
Short-term registered debt
2/
Private sector and financial public sector
Commercial banks (liabilities)
Short-term registered debt
2/
Resolution 2,483 - Rural financing
Import financing
3/
Other
Total external debt
Total external debt,
includes intercompany loans
1/ Estimated data.
2/ Registered debt at Banco Central do Brasil.
3/ Includes financing to exporting companies, bridge loans and other short-term registered debt.
4/ As of March, 2001, excludes debt related to intercompany loans and includes revision of debt position.
202 |
Boletim do Banco Central do Brasil
|
January 2007
V.25 – Foreign exchange rate1/
R$/US$
Period
Commercial
End-of-period
Buying
Rate
Average exchange rate
Selling
%
Rate
change
Buying
%
Rate
change
Selling
%
Rate
Percentage changes
change
In
In
In 12
month
year
months
1999
1.7882
48.04
1.7890
48.01
1.8150
56.43
1.8158
-
56.39
-
2000
1.9546
9.31
1.9554
9.30
1.8287
0.75
1.8295
-
0.75
-
2001
2.3196
18.67
2.3204
18.67
2.3514
28.58
2.3522
-
28.57
-
2002
3.5325
52.29
3.5333
52.27
2.9301
24.61
2.9309
-
24.60
-
2003
2.8884
-18.23
2.8892
-18.23
3.0707
4.80
3.0715
-
4.80
-
2004
2.6536
-8.13
2.6544
-8.13
2.9249
-4.75
2.9257
-
-4.75
-
Jan
2.6240
-1.12
2.6248
-1.12
2.6922
-0.93
2.6930
-0.93
-0.93
-5.57
Feb
2.5942
-1.14
2.5950
-1.14
2.5970
-3.54
2.5978
-3.54
-4.43
-11.35
Mar
2.6654
2.74
2.6662
2.74
2.7039
4.12
2.7047
4.10
-0.50
-6.91
Apr
2.5305
-5.06
2.5313
-5.06
2.5784
-4.64
2.5792
-4.65
-5.12
-11.25
May
2.4030
-5.04
2.4038
-5.04
2.4520
-4.90
2.4528
-4.90
-9.76
-20.89
Jun
2.3496
-2.22
2.3504
-2.22
2.4127
-1.60
2.4135
-1.60
-11.21
-22.87
Jul
2.3897
1.71
2.3905
1.71
2.3727
-1.66
2.3735
-1.66
-12.68
-21.84
Aug
2.3629
-1.12
2.3637
-1.12
2.3598
-0.54
2.3606
-0.54
-13.15
-21.39
Sep
2.2214
-5.99
2.2222
-5.99
2.2936
-2.81
2.2944
-2.81
-15.59
-20.64
Oct
2.2535
1.45
2.2543
1.44
2.2557
-1.66
2.2565
-1.65
-16.99
-20.91
Nov
2.2062
-2.10
2.2070
-2.10
2.2100
-2.02
2.2108
-2.02
-18.66
-20.65
Dec
2.3399
6.06
2.3407
6.06
2.2847
3.38
2.2855
3.38
-15.92
-15.92
Year
2.3399
-11.82
2.3407
-11.82
2.4333
-16.81
2.4341
-
-16.80
-
Jan
2.2152
-5.33
2.2160
-5.33
2.2731
-0.51
2.2739
-0.51
-0.51
-15.56
Feb
2.1347
-3.63
2.1355
-3.63
2.1611
-4.92
2.1619
-4.92
-5.41
-16.78
Mar
2.1716
1.73
2.1724
1.73
2.1512
-0.46
2.1520
-0.46
-5.84
-20.44
Apr
2.0884
-3.83
2.0892
-3.83
2.1285
-1.05
2.1293
-1.05
-6.83
-17.44
May
2.2997
10.12
2.3005
10.11
2.1773
2.29
2.1781
2.29
-4.70
-11.20
Jun
2.1635
-5.92
2.1643
-5.92
2.2475
3.22
2.2483
3.22
-1.63
-6.85
Jul
2.1754
0.55
2.1762
0.55
2.1885
-2.63
2.1893
-2.62
-4.21
-7.76
Aug
2.1380
-1.72
2.1388
-1.72
2.1551
-1.53
2.1559
-1.53
-5.67
-8.67
Sep
2.1734
1.66
2.1742
1.66
2.1679
0.60
2.1687
0.60
-5.11
-5.48
Oct
2.1422
-1.44
2.1430
-1.44
2.1475
-0.94
2.1483
-0.94
-6.00
-4.79
Nov
2.1660
1.11
2.1668
1.11
2.1571
0.45
2.1579
0.45
-5.58
-2.39
2005
2006
1/ Rates for accounting purpose.
January 2007 | Boletim do Banco Central do Brasil |
203
Statistical Tables
VI
The International Economy
VI.1 – Interest rates
Prime rate and 6 month Libor in various currencies 1/
In percent per year
Period average
Libor
Prime rate
American
Yen
EUR
dollar
2004
2005
2006
Sterling
pound
4.33
1.79
0.07
2.15
4.77
Jan
5.25
2.89
0.07
2.19
4.90
Feb
5.44
3.05
0.07
2.18
4.96
Mar
5.54
3.28
0.07
2.19
5.07
Apr
5.75
3.39
0.07
2.17
4.99
May
5.96
3.49
0.07
2.14
4.89
Jun
6.00
3.81
0.09
2.11
4.73
Jan-Jun
5.66
3.32
0.07
2.16
4.92
Jul
6.23
4.05
0.09
2.16
4.48
Aug
6.40
4.27
0.09
2.22
4.56
Sep
6.57
4.21
0.10
2.22
4.53
Oct
6.75
4.72
0.11
2.56
4.65
Nov
6.96
4.78
0.12
2.69
4.68
Dec
7.11
4.84
0.12
2.78
4.67
Jul-Dec
6.67
4.48
0.11
2.44
4.59
Year
6.16
3.90
0.09
2.30
4.76
Jan
7.25
4.84
0.12
2.83
4.62
Feb
7.47
5.07
0.16
2.91
4.63
Mar
7.51
5.19
0.28
3.11
4.72
Apr
7.75
5.33
0.37
3.22
4.79
May
7.89
5.40
0.51
3.31
4.97
Jun
8.00
5.60
0.58
3.40
5.00
Jan-Jun
7.65
5.24
0.34
3.13
4.79
Jul
8.24
5.66
0.65
3.54
5.00
Aug
8.25
5.50
0.65
3.62
5.22
Sep
8.25
5.38
0.60
3.72
5.30
Oct
8.25
5.36
0.65
3.80
5.39
Nov
8.25
5.31
0.71
3.86
5.43
1/ Rates in accordance with daily interest bulletin of Banco Central do Brasil.
January 2007 | Boletim do Banco Central do Brasil |
207
VI.2 – Selected country indicators1/
In percent
Period
Consumer prices
United
Japan
Industrial output
Germany
States
2004
2005
2006
Source:
Dec
3.3
0.2
United
United
Kingdom
States
1.7
3.0
2.1
Japan
1.8
Unemployment rate
Germany
0.9
United
United
Kingdom
States
0.4
5.4
Japan
United
Kingdom
4.4
10.8
4.7
Jan
3.0
-0.1
1.6
1.6
3.2
2.2
3.1
-0.5
5.2
4.5
12.1
4.7
Feb
3.0
-0.3
1.8
1.7
3.1
3.7
2.3
-0.2
5.4
4.7
12.6
4.8
Mar
3.1
-0.2
1.8
1.9
3.6
2.2
0.7
-2.8
5.2
4.5
12.5
4.7
Apr
3.5
0.0
1.6
1.9
3.0
0.7
2.1
-1.9
5.2
4.4
12.0
4.7
May
2.8
0.2
1.7
1.9
2.8
0.4
1.3
-2.0
5.1
4.4
11.6
4.8
Jun
2.5
-0.5
1.8
2.0
4.3
-0.2
1.9
-1.9
5.0
4.2
11.3
4.7
Jul
3.2
-0.3
2.0
2.3
3.6
-1.2
2.8
-1.4
5.0
4.4
11.5
4.7
Aug
3.6
-0.3
1.9
2.4
3.7
0.1
1.4
-2.1
4.9
4.3
11.4
4.7
Sep
4.7
-0.3
2.5
2.5
2.1
0.9
3.4
-1.8
5.1
4.2
11.2
4.7
4.9
Oct
4.3
-0.7
2.3
2.3
2.6
2.5
3.8
-2.3
4.9
4.5
11.0
Nov
3.5
-0.8
2.3
2.1
3.3
3.4
5.1
-2.8
5.0
4.6
10.9
5.0
Dec
3.4
-0.1
2.1
1.9
3.6
4.9
6.4
-2.6
4.9
4.4
11.1
5.1
Jan
4.0
0.5
2.1
1.9
3.3
1.6
3.3
-1.6
4.7
4.5
12.1
5.0
Feb
3.6
0.4
2.1
2.0
3.0
2.7
5.2
-1.9
4.8
4.1
12.2
5.1
Mar
3.4
0.3
1.8
1.8
3.7
3.1
6.0
0.5
4.7
4.1
12.0
5.2
Apr
3.5
0.4
2.0
2.0
4.4
3.3
4.2
-0.9
4.7
4.1
11.5
5.3
May
4.2
0.6
1.9
2.2
4.0
2.8
6.5
-0.4
4.6
4.0
10.8
5.4
Jun
4.3
1.0
2.0
2.5
4.3
5.1
5.9
-0.5
4.6
4.2
10.5
5.5
Jul
4.1
0.3
1.9
2.4
4.7
5.0
5.6
-0.3
4.8
4.1
10.5
5.5
Aug
3.8
0.9
1.7
2.5
4.6
5.8
7.1
0.8
4.7
4.1
10.5
5.5
Sep
2.1
0.6
1.0
2.4
6.0
4.9
4.8
0.6
4.6
4.2
10.1
5.6
Oct
1.3
0.4
1.1
2.4
4.7
6.1
5.2
0.8
4.4
4.1
9.8
5.5
Nov
2.0
0.3
1.5
2.7
3.8
4.8
6.1
0.8
4.5
4.0
9.6
5.5
United States: Bureau of Labour Statistics (BLS) and Federal Reserve System (FED)
Japan: Statistics Bureau of Ministry of Internal Affairs and Communications and Ministry of Economy, Trade and Industry (METI)
Germany: Statistisches
Official
Bundesamt
National Statistics
Deutschland
(United Kingdom).
United Kingdom: Official National Statistics (ONS). From August 2006 on, the Consumer Price Index (CPI) replaces the Retail Price Index (RPI).
1/ Percentage change in 12 months.
208 |
Germany
Boletim do Banco Central do Brasil
|
January 2007
VI.3 – International reserves
US$ billion
End of
Germany
Argentina
Brazil
Canada
period
United
France
Italy
Japan
Mexico
States
United
Kingdom
2004
Dec
55
19
53
34
90
41
31
835
64
46
2005
Jan
55
35
54
35
84
43
32
830
65
45
2006
Feb
54
34
59
36
83
41
31
830
64
46
Mar
54
35
62
36
82
39
32
828
64
45
Apr
54
39
62
36
82
41
32
836
63
46
May
54
41
61
35
80
39
31
831
62
45
Jun
53
42
60
35
80
38
30
836
66
44
Jul
52
42
55
33
77
36
30
829
66
42
Aug
51
39
55
34
75
37
30
838
68
42
Sep
53
25
57
34
74
35
29
833
70
43
Oct
53
26
60
34
73
34
29
834
71
43
Nov
51
26
64
34
71
34
30
830
73
43
Dec
51
27
54
33
67
32
29
836
74
44
Jan
51
19
57
33
68
34
30
842
77
44
Feb
49
20
57
33
68
34
30
841
76
44
Mar
49
21
60
36
67
33
29
838
76
43
Apr
47
21
57
36
69
36
29
845
78
45
May
...
...
63
...
...
...
...
...
...
...
Jun
...
...
63
...
...
...
...
...
...
...
Jul
...
...
67
...
...
...
...
...
...
...
Aug
...
...
71
...
...
...
...
...
...
...
Sep
...
...
73
...
...
...
...
...
...
...
Oct
...
...
78
...
...
...
...
...
...
...
Nov
...
...
83
...
...
...
...
...
...
...
Source: International Financial Statistics (IMF), except for Brazil.
Brazil: Banco Central do Brasil
January 2007 | Boletim do Banco Central do Brasil |
209
VI.4 – Currencies per US dollar1/
End of
¥
Sw.Fr.
US$/£
Can$
US$/SDR
US$/EUR
period
2004
Dec
102.55
1.1368
1.9311
1.2042
1.55094
1.36358
2005
Jan
103.81
1.1914
1.8846
1.2425
1.52353
1.30485
Feb
104.73
1.1631
1.9243
1.2354
1.52761
1.32576
Mar
107.39
1.1978
1.8923
1.2112
1.51385
1.29785
Apr
104.94
1.1972
1.9108
1.2602
1.51981
1.28914
May
108.75
1.2504
1.8191
1.2569
1.47790
1.23222
Jun
110.91
1.2811
1.7902
1.2272
1.45661
1.21080
Jul
112.45
1.2892
1.7580
1.2240
1.45186
1.21300
Aug
110.71
1.2548
1.8030
1.1870
1.45984
1.23320
Sep
113.54
1.2943
1.7635
1.1622
1.44946
1.20230
Oct
116.40
1.2912
1.7690
1.1816
1.44580
1.19860
Nov
119.75
1.3155
1.7303
1.1676
1.42414
1.17920
Dez
118.10
1.3158
1.7183
1.1630
1.42927
1.18300
Jan
116.88
1.2762
1.7836
1.1423
1.44540
1.21790
Feb
117.00
1.3175
1.7446
1.1483
1.43559
1.18740
Mar
117.74
1.3046
1.7367
1.1681
1.44062
1.21190
Apr
113.79
1.2409
1.8236
1.1175
1.47106
1.26180
May
112.66
1.2187
1.8693
1.1015
1.49418
1.28140
Jun
114.43
1.2235
1.8484
1.1164
1.47370
1.27900
Jul
114.62
1.2303
1.8684
1.1321
1.48386
1.27670
Aug
117.36
1.2309
1.9049
1.1053
1.48852
1.28110
Sep
118.15
1.2508
1.8718
1.1182
1.47637
1.26830
Oct
116.95
1.2443
1.9079
1.1224
1.48004
1.27650
Nov
115.67
1.1974
1.9685
1.1414
1.50733
1.32640
2006
Source: International Financial Statistics (IMF) and Bacen
1/ Refer to rates utilized by the Banco Central do Brasil in its accounts.
210 |
Boletim do Banco Central do Brasil
|
January 2007
Appendix
Members of the National Monetary Council
Banco Central do Brasil Management
Central units (departments) of the Banco Central do Brasil
Regional offices of the Banco Central do Brasil
January 2007
|
Boletim do Banco Central do Brasil
| 211
Members of the National Monetary Council
(January 31, 2007)
Guido Mantega
Minister of Finance
Paulo Bernardo
Minister of Planning and Budget
Henrique de Campos Meirelles
Governor
January 2007
|
Boletim do Banco Central do Brasil
| 213
Banco Central do Brasil Management
(January 31, 2007)
Executive Secretariat
Board of directors
Executive Secretary
Sérgio Almeida de Souza Lima
Governor
Henrique de Campos Meirelles
Head of Governor´s Office
Isaac Sidney Menezes Ferreira
Directors
Administration (Dirad)
Antonio Gustavo Matos do Vale
Secretaries
Bank Liquidation and Privatization (Dilid)
Antonio Gustavo Matos do Vale
Board of Directors and National Monetary
Council Affairs (Sucon)
Sergio Albuquerque de Abreu e Lima
Economic Policy (Dipec)
Afonso Sant'Anna Bevilaqua
Institutional Relations (Surel)
Emidio Rodrigues Cordeiro
Financial System Regulation and Organization
(Dinor)
Alexandre Antonio Tombini
International Affairs (Direx)
Paulo Vieira da Cunha
Monetary Policy (Dipom)
Rodrigo Telles da Rocha Azevedo
Special Studies (Diesp)
Mário Magalhães Carvalho Mesquita
Supervision (Difis)
Paulo Sérgio Cavalheiro
214 |
Boletim do Banco Central do Brasil
|
January 2007
Banco Central do Brasil Management
(January 31, 2007)
Senior Advisors
Governor (Presi)
Alexandre Pundek Rocha
Administration (Dirad)
Carolina de Assis Barros
Bank Liquidation and Privatization (Dilid)
Marco Antonio Belém da Silva
Economic Policy (Dipec)
Katherine Hennings
Financial System Regulation and Organization (Dinor)
Clarence Joseph Hillerman Junior
International Affairs (Direx)
Dalmir Sérgio Louzada
Monetary Policy (Dipom)
Flávio Pinheiro de Melo
Special Studies (Diesp)
Eduardo Fernandes
Supervision (Difis)
Sidinei Corrêa Marques
January 2007
|
Boletim do Banco Central do Brasil
| 215
Central units of the Banco Central do Brasil
Congressional Affairs Office (Aspar)
Head: Luiz do Couto Neto
Edifício-Sede – 19º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Currency Management Department (Mecir)
Head: João Sidney de Figueiredo Filho
Av. Rio Branco, 30 – Centro
20090-001 Rio de Janeiro (RJ)
Department of Analysis and Control of
Disciplinary Actions (Decap)
Head: Claudio Jaloretto
Edifício-Sede – 14º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Bank Liquidation (Deliq)
Head: José Irenaldo Leite de Ataíde
Edifício-Sede – 13º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Banking Operations and
Payments System (Deban)
Head: José Antônio Marciano
Edifício-Sede – 18º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Economics (Depec)
Head: Altamir Lopes
Edifício-Sede – 10º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
216 |
Boletim do Banco Central do Brasil
|
January 2007
(January 31, 2007)
Department of External Debt and International
Relations (Derin)
Head: Ronaldo Malagoni de Almeida Cavalcante
Edifício-Sede – 4º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Human Resources Administration
and Organization (Depes)
Head: Miriam de Oliveira
Edifício-Sede – 17º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Infrastructure (Demap)
Head: Dimas Luís Rodrigues da Costa
Edifício-Sede – 1º subsolo
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Off-site Supervision and
Information Management (Desig)
Head: Cornelio Farias Pimentel
Edifício-Sede – 6º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Planning and Management
Overview of SupervisoryActivities (Decop)
Head: Sérgio Almeida de Souza Lima
Edifício-Sede – 14º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Supervision of Credit Unions and
Non-banking Financial Institutions and Financial
System Consumer Complaints(Desuc)
Head: Americo Ciccotti
Edifício-Sede – 16º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Surveillance of Illegal Activities
and Supervision of Foreign Exchange and
International Capital Flows (Decic)
Head: Ricardo Liáo
Edifício-Sede – 7º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Financial System Organization
(Deorf)
Head: Luiz Edson Feltrim
Edifício-Sede – 19º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Financial System Regulation
(Denor)
Head: Amaro Luiz de Oliveira Gomes
Edifício-Sede – 15º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of International Reserves
Operations (Depin)
Head: Márcio Barreira de Ayrosa Moreira
Edifício-Sede – 5º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Department of Open Market Operations
(Demab)
Head: Ivan Luis Gonçalves de Oliveira Lima
Av. Pres. Vargas, 730 – 6º andar
20071-001 Rio de Janeiro (RJ)
Financial Administration and Budget Department
(Deafi)
Head: Jefferson Moreira
Edifício-Sede – 16º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Information Technology Department (Deinf)
Head: Fernando de Abreu Faria
Edifício-Sede – 2º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Internal Auditing Department (Deaud)
Head: José Aísio Catunda Aragão
Edifício-Sede – 15º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Legal Department (PGBCB)
General Attorney: Francisco José de Siqueira
Edifício-Sede – 11º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
On site Supervision Department (Desup)
Head: Osvaldo Watanabe
Av. Paulista, 1804 – 14º andar
Cerqueira César
01310-922 São Paulo (SP)
Office of the Corregidor (CGBCB)
Corregidor: Jaime Alves de Freitas
Edifício-Sede – 17º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Office of the Ombundsman (Ouvid)
Ouvidor: Hélio José Ferreira
Edifício-Sede – 13º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Planning and Budget Department (Depla)
Head: José Clóvis Batista Dattoli
Edifício-Sede – 9º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Research Department (Depep)
Head: Carlos Hamilton Vasconcelos Araújo
Edifício-Sede – 9º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
January 2007
|
Boletim do Banco Central do Brasil
| 217
Security Department (Deseg)
Head: Sidney Furtado Bezerra
Edifício-Sede – 1º subsolo
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Executive Office
Exchange and Foreign Capital Regulation
Executive Office (Gence)
Gerente-Executivo: Geraldo Magela Siqueira
Edifício-Sede – 3º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Executive Office for Projects (Gepro)
Gerente-Executivo: Nivaldo Peçanha de Oliveira
Edifício-Sede – 17º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Executive Office on Bank Privatization (Gedes)
Gerente-Executivo: Geraldo Pereira Junior
Edifício-Sede – 12º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Investor Relations Group (Gerin)
Gerente-Executivo: Renato Jansson Rosek
Edifício-Sede – 13º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Proagro Executive Office (GTPRO)
Gerente-Executivo: Deoclécio Pereira de Souza
Edifício-Sede – 19º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
Executive Office for Monetary Policy Integrated
Risk Management (Gepom)
Gerente-Executivo: Isabela Ribeiro Damaso Maia
Edifício-Sede – 5º andar
SBS – Quadra 3 – Zona Central
70074-900 Brasília (DF)
218 |
Boletim do Banco Central do Brasil
|
January 2007
Regional offices of the Banco Central do Brasil
1st Region
Regional Office in Belém (ADBEL)
Regional Delegate:
Maria de Fátima Moraes
de Lima
Jurisdiction: Acre, Amapá, Amazonas, Pará, Rondônia
e Roraima
Boulevard Castilhos França, 708 – Centro
Caixa Postal 651
66010-020 Belém (PA)
2ª Region
Regional Office in Fortaleza (ADFOR)
Regional Delegate: Luiz Edivam Carvalho
Jurisdiction: Ceará, Maranhão e Piauí
Av. Heráclito Graça, 273 – Centro
Caixa Postal 891
60140-061 Fortaleza (CE)
3ª Region
Regional Office in Recife (ADREC)
Regional Delegate: Cléber Pinto dos Santos
Jurisdiction: Alagoas, Paraíba, Pernambuco e Rio
Grande do Norte
Rua da Aurora, 1.259 – Santo Amaro
Caixa Postal 1.445
50040-090 Recife (PE)
4ª Region
Regional Office in Salvador (ADSAL)
Regional Delegate: Antonio Carlos Mendes Oliveira
Jurisdiction: Bahia e Sergipe
Av. Anita Garibaldi, 1.211 – Ondina
Caixa Postal 44
40176-900 Salvador (BA)
(January 31, 2007)
5ª Region
Regional Office in Belo Horizonte (ADBHO)
Regional Delegate: Anthero de Moraes Meirelles
Jurisdiction: Minas Gerais, Goiás e Tocantins
Av. Álvares Cabral, 1.605 – Santo Agostinho
Caixa Postal 887
30170-001 Belo Horizonte (MG)
6ª Region
Regional Office in Rio de Janeiro (ADRJA)
Regional Delegate: Paulo dos Santos
Jurisdiction: Espírito Santo e Rio de Janeiro
Av. Presidente Vargas, 730 – Centro
Caixa Postal 495
20071-001 Rio de Janeiro (RJ)
7ª Region
Regional Office in São Paulo (ADSPA)
Regional Delegate: Fernando Roberto Medeiros
Jurisdiction: São Paulo
Av. Paulista, 1.804 – Cerqueira César
Caixa Postal 894
01310-922 São Paulo (SP)
8ª Region
Regional Office in Curitiba (ADCUR)
Regional Delegate: Salim Cafruni Sobrinho
Jurisdiction: Paraná, Mato Grosso e Mato Grosso do Sul
Rua Carlos Pioli, 133 – Bom Retiro
Caixa Postal 1408
80520-170 Curitiba (PR)
9ª Region
Regional Office in Porto Alegre (ADPAL)
Regional Delegate: José Afonso Nedel
Jurisdiction: Rio Grande do Sul e Santa Catarina
Rua 7 de Setembro, 586 – Centro
Caixa Postal 919
90010-190 Porto Alegre (RS)
January 2007
|
Boletim do Banco Central do Brasil
| 219