Discriminao

Previsto
M1
Base Restrita
Base Ampliada
M4

2010
3 Trimestre
% em
% em
12 Meses Realizado 12 Meses Previsto

2010
4 trimestre
% em
12 Meses realizado

225,9 - 265,2

17.9

247.1

18.7 262,3 - 307,9

18.6

253.2

139,9 - 189,3

13.4

173

19.2 168,4 - 227,9

18.4

177.8

2002,2-2708,9

16.6

2332

15.5 2059,9 - 2787,0

18.1

2390

2490,7 - 3369,8

18.1

2891.2

16.5 2568,4 - 3474,9

16

2972.2

3 Trim/2010
4 Trim/2010
1 Trim/2011
2 Trim/2011
247.2 253.2
257.2
249.8
173 177.8
183.9
177.6
2332 2390
2468.7
2540.2
2891.2 ###
3095.1
3231.9

300
253

247
250

253

250

M1
Base Res

200

181

178

173

178

150

T
3

rim

01
/2

0
T
4

rim

/2

01

0
T
1

rim

01
/2

1
T
2

rim

/2

01

re

rim

% em
12 Meses Previsto

2011
1 Trimestre
% em
Realizad % em
12 Meses o
12 Meses Previsto

2011
2 Trimestre
% em
Realizad % em
12 Meses o
12 Meses

17.8 244,2 - 286,7

16.7

252.6

11.1 240,2 - 282

11.5

249.8

7.9

19.6 156,3 - 211,5

15.8

180.8

13.9 156,8 - 212,1

13.8

177.6

11.1

22.3

2498

13

2540.2

14.3

16.6

3139.7

15.4

3231.9

20

17 2377,2 - 2790,6
16.5 2638 - 3569,1

18.2 2336,3 - 2742,7

18 2687,6 -3636,1

3500
3232

3200

250

2972

2891
2900

M1
Base Restrita

2600

2540

2469

2390

2332
2300

178

3095

2000
/2

01

1
T
3

rim

0
/2

10
T
4

rim

0
/2

10
T
1

rim

0
/2

11
T
2

rim

0
/2

11

Base
Ampliada
M4

2011
3 Trimestre
% em
Previsto
12 Meses
243,6 - 286,0

7.1

159,1 - 215,3

8.2

2370,1 - 2782,3

10.5

2841,8 - 3844,8

13.6

M1
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08

M2
118831622.00
117767461.00
116793947.00
113676146.00
115770548.00
116929052.00
116747519.00
116996340.00
117422647.00
119658744.00
126508048.00
144778165.00
129951090.00
131135781.00
128748460.00
127513286.00
130856529.00
132055128.00
133558017.00
136342248.00
143060998.00
145008835.00
151874576.00
174345295.00
155629621.00
153682285.00
155576622.00
156468363.00
157893243.00
164171409.00
166890701.00
170027080.00
174810353.00
178095836.00
187792507.00
231429799.00
190279086.00
184056916.00
183845861.00
186799466.00
183251480.00
186219640.00
185866821.00
186652793.00
194785375.00

M3
489051624.00
492621330.00
502561717.00
503109309.00
504302367.00
512485028.00
518084803.00
526645435.00
532469413.00
539183005.00
549488595.00
582463581.00
567252738.00
574854769.00
578794752.00
579656895.00
593980605.00
600442057.00
604812698.00
607032661.00
611874556.00
622409389.00
637723544.00
661499645.00
645751549.00
646966126.00
650733953.00
657129977.00
663899803.00
677220438.00
682624102.00
698087344.00
711705989.00
722310549.00
735188526.00
781280049.00
756004378.00
758407731.00
778446487.00
812326582.00
840670357.00
864451130.00
905716750.00
949813624.00
988582930.00

992577232.00
1005751770.00
1024241687.00
1031306891.00
1036353005.00
1046780946.00
1067315937.00
1083747201.00
1101296006.00
1112999943.00
1136132640.00
1166502052.00
1179463295.00
1202176004.00
1217825580.00
1225525281.00
1245879597.00
1252540809.00
1271609106.00
1283460548.00
1301861163.00
1320164898.00
1348123482.00
1377704062.00
1391527616.00
1406497699.00
1413816317.00
1441028247.00
1459029586.00
1478752556.00
1499129748.00
1509396903.00
1545045069.00
1569569859.00
1585577434.00
1617617291.00
1617342540.00
1633770803.00
1649721583.00
1687206100.00
1714724128.00
1727624327.00
1766585948.00
1801307751.00
1823297469.00

Oct-08
189663409.00
1013415208.00
1829286890.00
Nov-08
199544449.00
1029770107.00
1859517885.00
Dec-08
223439938.00
1072986066.00
1905613750.00
Jan-09
196088428.00
1054280418.00
1905694754.00
Feb-09
194352675.00
1060217922.00
1920396370.00
Mar-09
192267830.00
1058016601.00
1933786325.00
Apr-09
194452270.00
1062112823.00
1958244240.00
May-09
195756457.00
1074877025.00
1989065704.00
Jun-09
202225477.00
1095141404.00
2009821353.00
Jul-09
198240019.00
1098611974.00
2037664511.00
Aug-09
202573931.00
1104712956.00
2072365243.00
Sep-09
208270145.00
1119857997.00
2114278069.00
Oct-09
209048065.00
1116305791.00
2130224225.00
Nov-09
220454797.00
1131999714.00
2160941561.00
Dec-09
250234275.00
1167424297.00
2206319201.00
Jan-10
227474986.00
1146428588.00
2194984313.00
Feb-10
225059838.00
1149968048.00
2202444588.00
Mar-10
229296811.00
1162640012.00
2233577083.00
Apr-10
228663254.00
1158508716.00
2227203705.00
May-10
231206160.00
1172262354.00
2253843628.00
Jun-10
234716609.00
1191152965.00
2283556279.00
Jul-10
235838143.00
1202007838.00
2321858604.00
Aug-10
242749100.00
1226483557.00
2370446129.00
Sep-10
248741593.00
1255626526.00
2427742288.00
Oct-10
249713851.00
1268275905.00
2467603608.00
Nov-10
259165378.00
1300275955.00
2496328286.00
Dec-10
281875897.00
1362388713.00
2549739163.00
Jan-11
257275149.00
1347857182.00
2554223753.00
Feb-11
254054580.00
1367105652.00
2607475785.00
Mar-11
250333300.00
1392423545.00
2641828244.00
Apr-11
247968915.00
1401482623.00
2659721160.00
May-11
249042295.00
1426587949.00
2697935952.00
Jun-11
252006703.00
1446091955.00
2724822879.00
Jul-11
252526867.00
1467722697.00
2776782943.00
Fonte
BCB-Depec
BCB-Depec
BCB-Depec

3,500,000,000
3,000,000,000
2,500,000,000
2,000,000,000
1,500,000,000
1,000,000,000

M1
M2
M3
M4

2,500,000,000

M1
M2
M3
M4

2,000,000,000
1,500,000,000
1,000,000,000
500,000,000
0

M1

M4
1115032534.00
1132254135.00
1152707247.00
1162282564.00
1170842308.00
1184415354.00
1205045632.00
1223485110.00
1241486235.00
1257428364.00
1280630671.00
1312399012.00
1327182405.00
1349735396.00
1370802218.00
1379337531.00
1401087682.00
1409278769.00
1434749056.00
1450318906.00
1471337425.00
1493762888.00
1527397333.00
1558613418.00
1582030919.00
1604244092.00
1627151421.00
1664561074.00
1697683378.00
1727838769.00
1752297543.00
1762113177.00
1808824272.00
1835083714.00
1856911664.00
1884845983.00
1895809110.00
1924324980.00
1951271772.00
1989352458.00
2024143563.00
2043079816.00
2086831886.00
2125482392.00
2150506163.00

2141721828.00
2166787887.00
2239553076.00
2233892918.00
2251474627.00
2272791812.00
2288626501.00
2322524587.00
2342257919.00
2393245383.00
2432446730.00
2480654361.00
2515890523.00
2551441733.00
2605702481.00
2596399836.00
2619851226.00
2661130196.00
2655528961.00
2693082666.00
2739807829.00
2776360111.00
2838368618.00
2943037850.00
2957950633.00
2987964274.00
3040494868.00
3044590395.00
3107591485.00
3139661594.00
3166455996.00
3210764516.00
3273256967.00
3289415917.00
BCB-Depec

Tabela 22. Variao dos Meios de Pagamento (em bilhes)

2010
Discriminao

Outubro Dezembro

Janeiro

Maro

Variao
Maio

Julho

03 meses

M1

235.84

249.71

281.88

257.28

250.33

249.04

252.53

1.40%

M2

1202.01

1268.28

1362.39

1347.86

1392.42

1426.59

1467.72

2.88%

M3

2321.86

2467.60

2549.74

2554.22

2641.83

2697.94

2776.78

2.92%

M4

2776.36

2957.95

3040.49

3044.59

3139.66

3210.76

3289.42

2.45%

Fonte: BACEN
Grupo: 1

M1
M2
M3
M4

Julho

2011

M1
M2
M3
M4

M1

Variao
07 meses

12 meses

-1.85%

7.08%

8.89%

22.11%

8.71%

19.59%

8.04%

18.48%

Papel moeda em poder

do pblico
Data
Depsitos vista
M1
Jan-07
60073584.00
95556037.00
Feb-07
58789821.00
94892464.00
Mar-07
59103061.00
96473561.00
Apr-07
58742757.00
97725606.00
May-07
59350268.00
98542975.00
Jun-07
61397192.00
102774217.00
Jul-07
61336086.00
105554615.00
Aug-07
63230529.00
106796551.00
Sep-07
66298617.00
108511736.00
Oct-07
65530952.00
112564884.00
Nov-07
69474717.00
118317790.00
Dec-07
82250763.00
149179036.00
Jan-08
73198910.00
117080176.00
Feb-08
71577613.00
112479303.00
Mar-08
70286294.00
113559567.00
Apr-08
71110335.00
115689131.00
May-08
72177714.00
111073766.00
Jun-08
72957562.00
113262078.00
Jul-08
74086544.00
111780277.00
Aug-08
76244122.00
110408671.00
Sep-08
77658031.00
117127344.00
Oct-08
79107741.00
110555668.00
Nov-08
82046917.00
117497532.00
Dec-08
92378463.00
131061475.00
Jan-09
83059738.00
113028690.00
Feb-09
81399753.00
112952922.00
Mar-09
79057490.00
113210340.00
Apr-09
80963549.00
113488721.00
May-09
81710412.00
114046045.00
Jun-09
81776195.00
120449282.00
Jul-09
83902535.00
114337484.00
Aug-09
84776071.00
117797860.00
Sep-09
85926548.00
122343597.00
Oct-09
89047580.00
120000485.00
Nov-09
92759151.00
127695646.00
Dec-09
105801087.00
144433188.00
Jan-10
96685166.00
130789820.00
Feb-10
95776777.00
129283061.00
Mar-10
94815036.00
134481775.00
Apr-10
95343791.00
133319463.00
May-10
95276165.00
135929995.00
Jun-10
96069745.00
138646864.00
Jul-10
99005150.00
136832993.00
Aug-10
100344546.00
142404554.00

155629621.00
153682285.00
155576622.00
156468363.00
157893243.00
164171409.00
166890701.00
170027080.00
174810353.00
178095836.00
187792507.00
231429799.00
190279086.00
184056916.00
183845861.00
186799466.00
183251480.00
186219640.00
185866821.00
186652793.00
194785375.00
189663409.00
199544449.00
223439938.00
196088428.00
194352675.00
192267830.00
194452270.00
195756457.00
202225477.00
198240019.00
202573931.00
208270145.00
209048065.00
220454797.00
250234275.00
227474986.00
225059838.00
229296811.00
228663254.00
231206160.00
234716609.00
235838143.00
242749100.00

Sep-10
104112353.00
Oct-10
105116771.00
Nov-10
107822620.00
Dec-10
121981240.00
Jan-11
109617691.00
Feb-11
107332024.00
Mar-11
105599982.00
Apr-11
106156713.00
May-11
105132030.00
Jun-11
106576505.00
Jul-11
108864386.00
Fonte
BCB-Depec
BCB-Depec

144629240.00
144597080.00
151342758.00
159894657.00
147657458.00
146722556.00
144733318.00
141812202.00
143910265.00
145430198.00
143662480.00

248741593.00
249713851.00
259165378.00
281875897.00
257275149.00
254054580.00
250333300.00
247968915.00
249042295.00
252006703.00
252526867.00
BCB-Depec

300000000
250000000
200000000
150000000
100000000
50000000
0

Papel moeda em
poder do pblico

Depsitos vista

M1
Papel moeda em poder do pblico

Tabela 11. Variao de M1 e seus componentes

2010

2011

blico

Discriminao

Julho

Outubro

Janeiro

Maro

Maio

Julho

PMPP

99.01

105.12

Dezembro
121.98

109.62

105.60

105.13

108.86

Depsitos a vista

136.83

144.60

159.89

147.66

144.73

143.91

143.66

M1

235.84

249.71

281.88

257.28

250.33

249.04

252.53

Base Monetria - saldo final154.33

177.43

178.49

193.55

185.61

Fonte: BACEN
Grupo: 1

Variao

03 meses

07 meses

12 meses

3.55%

-0.69%

9.96%

-0.17%

-2.71%

4.99%

1.40%

-1.85%

7.08%

3.99

20.26

Data
M1
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10

Ttulos Privados em Poder

do Pblico
Depsito de Poupana
155629621.00
189734963.00
297304522.00
153682285.00
192044826.00
298490311.00
155576622.00
194875699.00
297483570.00
156468363.00
197639653.00
299867157.00
157893243.00
200246407.00
302977178.00
164171409.00
203955120.00
306042346.00
166890701.00
208214262.00
304406078.00
170027080.00
212971473.00
311852623.00
174810353.00
218432218.00
315105854.00
178095836.00
221168740.00
319507061.00
187792507.00
225354951.00
318210422.00
231429799.00
234671897.00
310924224.00
190279086.00
237490432.00
324507253.00
184056916.00
240438780.00
330635985.00
183845861.00
242582014.00
348606794.00
186799466.00
242699018.00
379067775.00
183251480.00
245170731.00
408714139.00
186219640.00
248087169.00
426798152.00
185866821.00
251930707.00
465012628.00
186652793.00
255225914.00
505153440.00
194785375.00
258397675.00
532386002.00
189663409.00
259940514.00
560517684.00
199544449.00
263635445.00
563324430.00
223439938.00
271191513.00
575061346.00
196088428.00
272499566.00
582848028.00
194352675.00
274852750.00
588165597.00
192267830.00
275496475.00
587462508.00
194452270.00
276043847.00
588557290.00
195756457.00
279463482.00
596739885.00
202225477.00
283038102.00
607058231.00
198240019.00
291041246.00
606478603.00
202573931.00
295603406.00
603531717.00
208270145.00
300498349.00
607937936.00
209048065.00
302983248.00
600804484.00
220454797.00
309223992.00
598970539.00
250234275.00
319631931.00
594374184.00
227474986.00
323908656.00
591945051.00
225059838.00
326604362.00
595185725.00
229296811.00
328636027.00
601583950.00
228663254.00
331852076.00
594854628.00
231206160.00
335901451.00
602021622.00
234716609.00
341889866.00
611354733.00
235838143.00
350691950.00
612467248.00
242749100.00
354495995.00
626277889.00

Sep-10
248741593.00
361242172.00
642444106.00
Oct-10
249713851.00
365719670.00
649554515.00
Nov-10
259165378.00
371209621.00
666574901.00
Dec-10
281875897.00
379604273.00
697657914.00
Jan-11
257275149.00
382043990.00
705081315.00
Feb-11
254054580.00
383334106.00
726468714.00
Mar-11
250333300.00
385733263.00
752982526.00
Apr-11
247968915.00
386122941.00
765306566.00
May-11
249042295.00
387046563.00
789925560.00
Jun-11
252006703.00
388706724.00
805042128.00
Jul-11
252526867.00
394615072.00
820351604.00
Fonte
BCB-Depec
BCB-Depec
BCB-Depec

1600000000
1400000000
1200000000
1000000000
800000000
600000000
400000000
200000000
0
M1
Depsitos para
investimentos

Depsito de
Poupana
M2

Ttulos Privados em
Poder do Pblico
M1

Depsitos para
investimentos
M2
3082443.00
2748704.00
2798061.00
3154804.00
2782975.00
3051563.00
3113061.00
3236168.00
3357564.00
3538912.00
3830646.00
4254129.00
3727607.00
3276050.00
3411818.00
3760323.00
3534007.00
3346169.00
2906594.00
2781477.00
3013878.00
3293601.00
3265783.00
3293269.00
2844396.00
2846900.00
2789788.00
3059416.00
2917201.00
2819594.00
2852106.00
3003902.00
3151567.00
3469994.00
3350386.00
3183907.00
3099895.00
3118123.00
3123224.00
3138758.00
3133121.00
3191757.00
3010497.00
2960573.00

645751549.00
646966126.00
650733953.00
657129977.00
663899803.00
677220438.00
682624102.00
698087344.00
711705989.00
722310549.00
735188526.00
781280049.00
756004378.00
758407731.00
778446487.00
812326582.00
840670357.00
864451130.00
905716750.00
949813624.00
988582930.00
1013415208.00
1029770107.00
1072986066.00
1054280418.00
1060217922.00
1058016601.00
1062112823.00
1074877025.00
1095141404.00
1098611974.00
1104712956.00
1119857997.00
1116305791.00
1131999714.00
1167424297.00
1146428588.00
1149968048.00
1162640012.00
1158508716.00
1172262354.00
1191152965.00
1202007838.00
1226483557.00

Tabela 22. Variao de M2 e seus componentes

2010
Discriminao

Julho

Outubro

3198655.00
3287869.00
3326055.00
3250629.00
3456728.00
3248252.00
3374456.00
2084201.00
573531.00
336400.00
229154.00
BCB-Depec

M1

1255626526.00
1268275905.00
1300275955.00
1362388713.00
1347857182.00
1367105652.00
1392423545.00
1401482623.00
1426587949.00
1446091955.00
1467722697.00
BCB-Depec

Depsito de Poupana

350.69

365.72

TPPP*

612.47

649.55

3.01

3.29

M1

235.84

249.71

M2

1202.01

1268.28

Depsitos para Investimentos

* Ttulos Privador em Poder do Pblico

Fonte: BACEN
Grupo: 1

componentes
2010

2011
Dezembro

Janeiro

Maro

Variao
Maio

Julho

03 meses

07 meses

12 meses

379.60

382.04

385.73

387.05

394.62

1.96%

3.29%

12.52%

697.66

705.08

752.98

789.93

820.35

3.85%

16.35%

33.94%

3.25

3.46

3.37

0.57

0.23

-60.05%

-93.37%

-92.39%

281.88

257.28

250.33

249.04

252.53

1.40%

-1.85%

7.08%

1362.39

1347.86

1392.42

1426.59

1467.72

2.88%

8.89%

22.11%

Data
M2
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10

Quotas de fundos de
Operaes
renda fixa
compromissadas/Selic
645751549.00
710837197.00
34938870.00
646966126.00
722352693.00
37178880.00
650733953.00
728127695.00
34954669.00
657129977.00
746788976.00
37109294.00
663899803.00
753842506.00
41287278.00
677220438.00
759168813.00
42363305.00
682624102.00
774627118.00
41878528.00
698087344.00
771292729.00
40016831.00
711705989.00
793190450.00
40148630.00
722310549.00
806509441.00
40749869.00
735188526.00
807044059.00
43344849.00
781280049.00
793808189.00
42529053.00
756004378.00
817956021.00
43382141.00
758407731.00
826590153.00
48772919.00
778446487.00
819876645.00
51398451.00
812326582.00
814156352.00
60723166.00
840670357.00
806267856.00
67785915.00
864451130.00
794372078.00
68801119.00
905716750.00
793871310.00
66997888.00
949813624.00
785087187.00
66406940.00
988582930.00
777651668.00
57062871.00
1013415208.00
756730785.00
59140896.00
1029770107.00
761660362.00
68087416.00
1072986066.00
772540496.00
60087187.00
1054280418.00
786655573.00
64758764.00
1060217922.00
798969470.00
61208978.00
1058016601.00
808222446.00
67547278.00
1062112823.00
819793833.00
76337584.00
1074877025.00
828403755.00
85784924.00
1095141404.00
827258990.00
87420959.00
1098611974.00
852265437.00
86787099.00
1104712956.00
874265508.00
93386778.00
1119857997.00
892871846.00
101548226.00
1116305791.00
909752800.00
104165634.00
1131999714.00
917567431.00
111374416.00
1167424297.00
930458446.00
108436458.00
1146428588.00
944502576.00
104053149.00
1149968048.00
954616304.00
97860236.00
1162640012.00
973063721.00
97873351.00
1158508716.00
982273367.00
86421621.00
1172262354.00
993110825.00
88470449.00
1191152965.00
1010199536.00
82203778.00
1202007838.00
1028874805.00
90975961.00
1226483557.00
1046860631.00
97101940.00
1255626526.00
1082760791.00
89354971.00

Oct-10
1268275905.00
1111382898.00
Nov-10
1300275955.00
1116497752.00
Dec-10
1362388713.00
1116779423.00
Jan-11
1347857182.00
1138658615.00
Feb-11
1367105652.00
1162775963.00
Mar-11
1392423545.00
1188816208.00
Apr-11
1401482623.00
1200866396.00
May-11
1426587949.00
1213208732.00
Jun-11
1446091955.00
1220104903.00
Jul-11
1467722697.00
1235428646.00
Fonte
BCB-Depec
BCB-Depec
BCB-Depec

87944805.00
79554579.00
70571027.00
67707955.00
77594169.00
60588490.00
57372141.00
58139271.00
58626021.00
73631600.00

3000000000

2500000000

2000000000

1500000000

1000000000

500000000
M2
0

Operaes
compromissadas/Selic

Quotas de fundos de
renda fixa

M3

M3
1391527616.00
1406497699.00
1413816317.00
1441028247.00
1459029586.00
1478752556.00
1499129748.00
1509396903.00
1545045069.00
1569569859.00
1585577434.00
1617617291.00
1617342540.00
1633770803.00
1649721583.00
1687206100.00
1714724128.00
1727624327.00
1766585948.00
1801307751.00
1823297469.00
1829286890.00
1859517885.00
1905613750.00
1905694754.00
1920396370.00
1933786325.00
1958244240.00
1989065704.00
2009821353.00
2037664511.00
2072365243.00
2114278069.00
2130224225.00
2160941561.00
2206319201.00
2194984313.00
2202444588.00
2233577083.00
2227203705.00
2253843628.00
2283556279.00
2321858604.00
2370446129.00
2427742288.00

2467603608.00
2496328286.00
2549739163.00
2554223753.00
2607475785.00
2641828244.00
2659721160.00
2697935952.00
2724822879.00
2776782943.00
BCB-Depec

Tabela 22. Variao de M3 e seus componentes (em bilhes)

2010
Discriminao

Outubro Dezembro

Janeiro

Maro

Maio

Julho

1028.87

1111.38

1116.78

1138.66

1188.82

1213.21

1235.43

90.98

87.94

70.57

67.71

60.59

58.14

73.63

M2

1202.01

1268.28

1362.39

1347.86

1392.42

1426.59

1467.72

M3

2321.86

2467.60

2549.74

2554.22

2641.83

2697.94

2776.78

Quotas de Fundos de RF*

Operaes Compromissadas

* Renda Fixa
Fonte: BACEN
Grupo: 1

M3

Julho

2011

Variao
03 meses

07 meses

12 meses

1.83%

8.50%

20.08%

26.65%

8.75%

-19.06%

2.88%

8.89%

22.11%

2.92%

8.71%

19.59%

Data
M3
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10

Ttulos estaduais e
municipais em poder do
Ttulos federais em
pblico
poder do pblico/Selic
1391527616.00
190481345.00
21958.00
1406497699.00
197723501.00
22893.00
1413816317.00
213312523.00
22581.00
1441028247.00
223510111.00
22716.00
1459029586.00
238630930.00
22862.00
1478752556.00
249063226.00
22987.00
1499129748.00
253144677.00
23119.00
1509396903.00
252692869.00
23404.00
1545045069.00
263755535.00
23669.00
1569569859.00
265491206.00
22649.00
1585577434.00
271310631.00
23599.00
1617617291.00
267204979.00
23713.00
1617342540.00
278442738.00
23833.00
1633770803.00
290529767.00
24410.00
1649721583.00
301526128.00
24061.00
1687206100.00
302122166.00
24191.00
1714724128.00
309382487.00
36948.00
1727624327.00
315418197.00
37293.00
1766585948.00
320208271.00
37668.00
1801307751.00
324136498.00
38143.00
1823297469.00
327208694.00
0.00
1829286890.00
312434938.00
0.00
1859517885.00
307270002.00
0.00
1905613750.00
333939327.00
0.00
1905694754.00
328198163.00
0.00
1920396370.00
331078257.00
0.00
1933786325.00
339005487.00
0.00
1958244240.00
330382261.00
0.00
1989065704.00
333458883.00
0.00
2009821353.00
332436566.00
0.00
2037664511.00
355580873.00
0.00
2072365243.00
360081487.00
0.00
2114278069.00
366376292.00
0.00
2130224225.00
385666298.00
0.00
2160941561.00
390500172.00
0.00
2206319201.00
399383280.00
0.00
2194984313.00
401415522.00
0.00
2202444588.00
417406638.00
0.00
2233577083.00
427553112.00
0.00
2227203705.00
428325256.00
0.00
2253843628.00
439239038.00
0.00
2283556279.00
456251550.00
0.00
2321858604.00
454501507.00
0.00
2370446129.00
467922489.00
0.00

Sep-10
2427742288.00
515295562.00
Oct-10
2467603608.00
490347025.00
Nov-10
2496328286.00
491635988.00
Dec-10
2549739163.00
490755705.00
Jan-11
2554223753.00
490366642.00
Feb-11
2607475785.00
500115700.00
Mar-11
2641828244.00
497833350.00
Apr-11
2659721160.00
506734837.00
May-11
2697935952.00
512828564.00
Jun-11
2724822879.00
548434088.00
Jul-11
2776782943.00
512632974.00
Fonte
BCB-Depec
BCB-Depec
BCB-Depec

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

3500000000
3000000000
2500000000
2000000000
1500000000
1000000000
500000000
0

M3

Ttulos federais em
poder do pblico/Selic

Ttulos estaduais e
municipais em poder
do pblico

M4

M4
1582030919.00
1604244092.00
1627151421.00
1664561074.00
1697683378.00
1727838769.00
1752297543.00
1762113177.00
1808824272.00
1835083714.00
1856911664.00
1884845983.00
1895809110.00
1924324980.00
1951271772.00
1989352458.00
2024143563.00
2043079816.00
2086831886.00
2125482392.00
2150506163.00
2141721828.00
2166787887.00
2239553076.00
2233892918.00
2251474627.00
2272791812.00
2288626501.00
2322524587.00
2342257919.00
2393245383.00
2432446730.00
2480654361.00
2515890523.00
2551441733.00
2605702481.00
2596399836.00
2619851226.00
2661130196.00
2655528961.00
2693082666.00
2739807829.00
2776360111.00
2838368618.00

2943037850.00
2957950633.00
2987964274.00
3040494868.00
3044590395.00
3107591485.00
3139661594.00
3166455996.00
3210764516.00
3273256967.00
3289415917.00
BCB-Depec

Tabela 22. Variao de M4 e seus componentes (em bilhes)

2010
Discriminao

Janeiro

Maro

Maio

Julho

03 meses

454.50

490.35

490.76

490.37

497.83

512.83

512.63

-0.04%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00%

M3

2321.86

2467.60

2549.74

2554.22

2641.83

2697.94

2776.78

2.92%

M4

2776.36

2957.95

3040.49

3044.59

3139.66

3210.76

3289.42

2.45%

TEMPP**

*Ttulos Federais em Poder do Pblico/Selic

** Ttulos Estaduais e Municipais em Poder do Pblico
Fonte: BACEN
Grupo: 1

M4

Variao

Outubro Dezembro

TFPP/Selic *

Julho

2011

Variao
07 meses

12 meses

4.54%

12.79%

0.00%

0.00%

8.71%

19.59%

8.04%

18.48%

Compulsrio - Depsitos de
poupana em espcie
Compulsrio - Exigibilidade
Data
adicional em espcie (remunerado) (remunerados)
Jan-07
44880000.00
37966000.00
Feb-07
45128000.00
38316000.00
Mar-07
45331000.00
38816000.00
Apr-07
45635000.00
39351000.00
May-07
45950000.00
40087000.00
Jun-07
46683000.00
40733000.00
Jul-07
47460000.00
41631000.00
Aug-07
48293000.00
42456000.00
Sep-07
49921000.00
43739000.00
Oct-07
50398000.00
44505000.00
Nov-07
51536000.00
45074000.00
Dec-07
53661000.00
47116000.00
Jan-08
53277000.00
47895000.00
Feb-08
53667000.00
48532000.00
Mar-08
54498000.00
49138000.00
Apr-08
56827000.00
49784000.00
May-08
59051000.00
49503000.00
Jun-08
61064000.00
50002000.00
Jul-08
62818000.00
51074000.00
Aug-08
65634000.00
51260000.00
Sep-08
64076000.00
52048000.00
Oct-08
41225000.00
52594000.00
Nov-08
42105000.00
50492000.00
Dec-08
0.00
51036000.00
Jan-09
0.00
51621000.00
Feb-09
0.00
51812000.00
Mar-09
0.00
51893000.00
Apr-09
0.00
52384000.00
May-09
0.00
52597000.00
Jun-09
0.00
53150000.00
Jul-09
0.00
54530000.00
Aug-09
0.00
55583000.00
Sep-09
0.00
56732000.00
Oct-09
0.00
57046000.00
Nov-09
0.00
57781000.00
Dec-09
0.00
60009000.00
Jan-10
0.00
61271000.00
Feb-10
0.00
61577000.00
Mar-10
88494000.00
61993000.00
Apr-10
91200000.00
62688000.00
May-10
91457000.00
63260000.00
Jun-10
92701000.00
64175000.00
Jul-10
93958000.00
66276000.00
Aug-10
94652000.00
67517000.00

Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Fonte
BCB-Depec

96601000.00
98324000.00
100754000.00
135721000.00
140261867.00
140267150.00
141856337.00
143439390.00
143692099.00
144265727.00
147216155.00

68769000.00
69474000.00
70314000.00
72185000.00
73163382.00
73293415.00
73742899.00
74077845.00
74095056.00
74468252.00
76228440.00
BCB-Depec

4.1 - Grfico
450000000
400000000
350000000
300000000
250000000
200000000
150000000
100000000
50000000
0

Compulsrio Exigibilidade adicional

em espcie
(remunerado)
Compulsrio Depsitos a prazo em
espcie (remunerados)

Compulsrio Depsitos de poupana

em espcie
(remunerados)
Compulsrio - Saldo
total

Compulsrio - Recursos
vista em espcie (no
remunerados)

Compulsrio - Depsitos a
prazo em espcie
Compulsrio - Recursos vista
em espcie (no remunerados) (remunerados)
Compulsrio - Saldo total
47737000.00
0.00
161999000.00
45139000.00
0.00
160420000.00
46564000.00
0.00
162223000.00
52944000.00
0.00
169407000.00
46929000.00
0.00
164553000.00
52036000.00
0.00
170969000.00
51375000.00
0.00
172382000.00
49113000.00
0.00
172364000.00
51865000.00
0.00
178627000.00
54726000.00
0.00
183289000.00
58727000.00
0.00
188917000.00
62802000.00
0.00
196737000.00
55313000.00
0.00
190692000.00
53391000.00
0.00
190472000.00
56286000.00
0.00
196372000.00
51971000.00
0.00
198568000.00
59750000.00
0.00
219639000.00
57182000.00
0.00
223482000.00
52445000.00
0.00
230799000.00
53617000.00
0.00
239841000.00
55916000.00
0.00
253137000.00
51614000.00
0.00
201033000.00
48001000.00
0.00
169410457.00
52320000.00
0.00
171958000.00
52346000.00
0.00
172602000.00
51771000.00
0.00
172504000.00
53289000.00
0.00
174924000.00
61665000.00
0.00
183792000.00
49150000.00
0.00
173502000.00
53967000.00
0.00
179472000.00
48683000.00
0.00
175810000.00
48211000.00
0.00
176819000.00
55398000.00
0.00
185979000.00
55433900.00
0.00
186209600.00
60819000.00
0.00
191672000.00
57657000.00
0.00
193633000.00
56012000.00
0.00
193202000.00
56493000.00
0.00
195040000.00
58277000.00
0.00
233151000.00
56874000.00
59913000.00
270675000.00
59742000.00
61139000.00
275598000.00
60330000.00
62273000.00
279479000.00
60337000.00
65017000.00
285588000.00
68064000.00
65246000.00
295479000.00

67542000.00
69943000.00
68677000.00
83226000.00
80350197.00
74990154.00
71575256.00
64619909.00
69425040.00
81506620.00
70147512.00
BCB-Depec

na

Compulsrio - Recursos
vista em espcie (no
remunerados)

68348000.00
69502000.00
73783000.00
104151000.00
110338000.00
111945000.00
113711000.00
116786000.00
117283725.00
118332422.00
122637763.00
BCB-Depec

301260000.00
307243000.00
313528000.00
395283000.00
404113445.00
400495720.00
400885493.00
398923143.00
404495920.00
418573020.00
416229870.00
BCB-Depec

Data
Taxa de juros - Meta Selic definida pelo Copom - % a.a.
9/13/2010
10.75
9/14/2010
10.75
9/15/2010
10.75
9/16/2010
10.75
9/17/2010
10.75
13
9/20/2010
10.75
9/21/2010
10.75
13
9/22/2010
10.75
9/23/2010
10.75
9/24/2010
10.75
12
9/27/2010
10.75
9/28/2010
10.75
12
9/29/2010
10.75
9/30/2010
10.75
11
10/1/2010
10.75
10/4/2010
10.75
10/5/2010
10.75
11
10/6/2010
10.75
10/7/2010
10.75
10
10/8/2010
10.75
###
10.75
###
10.75
10
###
10.75
###
10.75
###
10.75
###
10.75
###
10.75
###
10.75
###
10.75 30
###
10.75
###
10.75
###
10.75 25
###
10.75
###
10.75
11/1/2010
10.75 20
11/3/2010
10.75
11/4/2010
10.75
11/5/2010
10.75 15
11/8/2010
10.75
11/9/2010
10.75
###
10.75 10
###
10.75
###
10.75
###
10.75
5

Taxa de juros - Meta Selic definid

Trajetria da SELIC em % a.a.

Meta SELIC % a.a. (1)

(6)

TBAN % a.m. (2)(6)

Taxa SELIC %(3)

Taxa S

###
###
###
###
###
###
###
###
###
###
12/1/2010
12/2/2010
12/3/2010
12/6/2010
12/7/2010
12/8/2010
12/9/2010
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
1/3/2011
1/4/2011
1/5/2011
1/6/2011
1/7/2011
1/10/2011
1/11/2011
1/12/2011
1/13/2011
1/14/2011
1/17/2011
1/18/2011

10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75
10.75

Meta SELIC % a.a. (1)

(6)

TBAN % a.m. (2)(6)

Taxa SELIC %(3)

Taxa S

1/19/2011
1/20/2011
1/21/2011
1/24/2011
1/25/2011
1/26/2011
1/27/2011
1/28/2011
1/31/2011
2/1/2011
2/2/2011
2/3/2011
2/4/2011
2/7/2011
2/8/2011
2/9/2011
2/10/2011
2/11/2011
2/14/2011
2/15/2011
2/16/2011
2/17/2011
2/18/2011
2/21/2011
2/22/2011
2/23/2011
2/24/2011
2/25/2011
2/28/2011
3/1/2011
3/2/2011
3/3/2011
3/4/2011
3/9/2011
3/10/2011
3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/24/2011
3/25/2011

10.75
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.25
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75

3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/25/2011
4/26/2011
4/27/2011
4/28/2011
4/29/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011

11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
11.75
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12

6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/9/2011
6/10/2011
6/13/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/12/2011
7/13/2011
7/14/2011
7/15/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011

12
12
12
12
12
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.25
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5
12.5

8/8/2011
12.5
8/9/2011
12.5
8/10/2011
12.5
8/11/2011
12.5
8/12/2011
12.5
8/15/2011
12.5
8/16/2011
12.5
8/17/2011
12.5
8/18/2011
12.5
8/19/2011
12.5
8/22/2011
12.5
8/23/2011
12.5
8/24/2011
12.5
8/25/2011
12.5
8/26/2011
12.5
8/29/2011
12.5
8/30/2011
12.5
8/31/2011
12.5
9/1/2011
12
9/2/2011
12
9/5/2011
12
9/6/2011
12
9/8/2011
12
Fonte
Copom

Selic definida pelo Copom

% a.a.

SELIC %(3)

Taxa SELIC % a.a.(4)

Meta SELIC
% a.a.

Taxa
Reunio
SELIC
dataa.a. (1)(6)
% a.a.(4)
-%
8/31/2011
12
7/20/2011
12.5
12.42
6/8/2011
12.25
12.17
4/20/2011
12
11.92
3/2/2011
11.75
11.67
1/19/2011
11.25
11.17
12/8/2010
10.75
10.66
10/20/2010
10.75
10.66
9/1/2010
10.75
10.66
7/21/2010
10.75
10.66
6/9/2010
10.25
10.16
4/28/2010
9.5
9.4
3/17/2010
8.75
8.65
1/27/2010
8.75
8.65
12/9/2009
8.75
8.65
10/21/2009
8.75
8.65
9/2/2009
8.75
8.65
7/22/2009
8.75
8.65
6/10/2009
9.25
9.16
4/29/2009
10.25
10.16
3/11/2009
11.25
11.16
1/21/2009
12.75
12.66
12/10/2008
13.75
13.66
10/29/2008
13.75
13.65
9/10/2008
13.75
13.66
7/23/2008
13
12.92
6/4/2008
12.25
12.17
4/16/2008
11.75
11.63
3/5/2008
11.25
11.18
1/23/2008
11.25
11.18
12/5/2007
11.25
11.18
10/17/2007
11.25
11.18
9/5/2007
11.25
11.18
7/18/2007
11.5
11.43
6/6/2007
12
11.93
4/18/2007
12.5
12.43
3/7/2007
12.75
12.68
1/24/2007
13
12.93
11/29/2006
13.25
13.19
10/18/2006
13.75
13.67
8/30/2006
14.25
14.17
7/19/2006
14.75
14.67

SELIC %(3)

Taxa SELIC % a.a.(4)

5/31/2006
4/19/2006
3/8/2006
1/18/2006
12/14/2005
11/23/2005
10/19/2005
9/14/2005
8/17/2005
7/20/2005
6/15/2005
5/18/2005
4/20/2005
3/16/2005
2/16/2005
1/19/2005
12/15/2004
11/17/2004
10/20/2004
9/15/2004
8/18/2004
7/21/2004
6/16/2004
5/19/2004
4/14/2004
3/17/2004
2/18/2004
1/21/2004
12/17/2003
11/19/2003
10/22/2003
9/17/2003
8/20/2003
7/23/2003
6/18/2003
5/21/2003
4/23/2003
3/19/2003
2/19/2003
1/22/2003

15.25
15.75
16.5
17.25
18
18.5
19
19.5
19.75
19.75
19.75
19.75
19.5
19.25
18.75
18.25
17.75
17.25
16.75
16.25
16
16
16
16
16
16.25
16.5
16.5
16.5
17.5
19
20
22
24.5
26
26.5
26.5
26.5
26.5
25.5

15.18
15.72
16.5
17.26
18
18.49
18.98
19.48
19.74
19.75
19.73
19.75
19.51
19.24
18.75
18.25
17.74
17.23
16.71
16.23
15.9
15.83
15.79
15.79
15.8
16.09
16.28
16.3
16.32
17.32
18.84
19.84
21.84
24.32
25.74
26.27
26.32
26.32
26.3
25.36

2044 - Operaes de 2045 - Operaes de

crdito totais do
crdito totais do
2046 - Operaes de
sistema financeiro - sistema financeiro - crdito totais do
Ao setor pblico
Ao setor pblico
sistema financeiro - Ao
federal - u.m.c.
estadual e municipal setor privado industrial Data
(milhes)
- u.m.c. (milhes)
u.m.c. (milhes)
Jun-88
2,341,902
3,490,060
4,545,877
Jul-88
2,951,325
4,107,578
5,376,156
Aug-88
3,631,902
5,519,256
6,431,879
Sep-88
4,385,280
6,810,829
7,936,573
Oct-88
5,418,858
8,526,749
10,048,067
Nov-88
6,486,193
10,988,113
12,379,500
Dec-88
8,503,818
14,900,576
15,839,211
Jan-89
10,490
17,289
19,414
Feb-89
10,694
18,878
20,523
Mar-89
10,898
20,670
21,825
Apr-89
11,742
23,723
24,356
May-89
12,942
26,188
26,876
Jun-89
15,899
34,541
28,703
Jul-89
21,940
42,240
37,787
Aug-89
28,964
53,918
50,364
Sep-89
37,751
77,391
68,388
Oct-89
51,593
111,478
93,309
Nov-89
73,752
149,488
134,818
Dec-89
111,852
247,009
211,303
Jan-90
174,993
382,095
331,033
Feb-90
287,422
649,060
546,024
Mar-90
425,939
1,153,347
815,822
Apr-90
563,285
1,341,309
1,081,841
May-90
590,132
1,291,910
1,197,066
Jun-90
671,104
1,380,058
1,317,121
Jul-90
757,483
1,535,305
1,532,772
Aug-90
807,139
1,679,361
1,764,490
Sep-90
937,763
1,894,703
2,029,718
Oct-90
1,007,038
2,192,757
2,424,745
Nov-90
1,356,620
2,597,559
2,915,411
Dec-90
1,590,837
3,051,462
3,416,469
Jan-91
1,981,575
3,681,820
4,049,939
Feb-91
2,156,788
4,073,721
4,471,455
Mar-91
2,377,538
4,551,843
4,906,192
Apr-91
2,636,008
5,066,174
5,614,497
May-91
2,842,386
5,521,542
6,126,683
Jun-91
2,978,321
6,692,098
6,981,893
Jul-91
3,232,807
7,361,778
7,823,017
Aug-91
3,544,880
8,477,230
8,893,690
Sep-91
4,180,128
9,627,488
10,218,186

Oct-91
Nov-91
Dec-91
Jan-92
Feb-92
Mar-92
Apr-92
May-92
Jun-92
Jul-92
Aug-92
Sep-92
Oct-92
Nov-92
Dec-92
Jan-93
Feb-93
Mar-93
Apr-93
May-93
Jun-93
Jul-93
Aug-93
Sep-93
Oct-93
Nov-93
Dec-93
Jan-94
Feb-94
Mar-94
Apr-94
May-94
Jun-94
Jul-94
Aug-94
Sep-94
Oct-94
Nov-94
Dec-94
Jan-95
Feb-95
Mar-95
Apr-95
May-95
Jun-95
Jul-95

4,977,766
6,363,131
8,309,679
10,408,221
12,680,225
15,528,661
19,050,050
22,295,676
28,465,908
34,871,823
41,103,080
50,284,291
59,338,320
73,078,160
94,533,174
117,569,510
149,541,857
189,268,551
240,585,151
289,007,577
434,514,151
583,341,589
742,239
995,526
1,349,268
1,852,071
2,505,608
3,556,754
5,058,613
7,427,837
11,062,031
16,168,329
26,039,784
9,924
10,389
10,613
11,275
11,970
8,195
8,417
8,485
8,914
9,102
9,427
10,172
8,308

11,564,271
14,159,280
16,312,761
20,787,724
25,491,561
31,910,559
39,021,526
47,310,140
58,846,680
72,979,421
91,686,328
117,778,440
148,602,707
193,538,345
240,699,850
294,452,930
378,822,623
480,377,146
621,364,177
861,477,591
1,119,885,114
1,484,996,091
1,955,762
2,555,926
3,636,313
4,875,177
6,501,227
9,360,601
12,540,123
15,399,019
23,093,757
35,218,870
49,870,824
16,811
17,549
17,986
18,643
19,160
20,058
21,008
21,580
22,455
23,289
24,223
23,673
25,243

12,459,935
15,604,253
20,361,445
28,925,014
36,471,952
43,626,500
54,282,109
66,948,768
80,651,920
99,154,693
124,621,127
152,116,299
196,569,095
249,822,617
319,575,982
398,532,471
516,094,757
653,050,200
853,552,475
1,142,935,315
1,463,118,388
1,972,696,652
2,609,052
3,688,728
5,155,811
7,253,746
10,001,706
13,713,808
20,367,118
30,365,138
42,821,871
64,376,489
95,464,164
37,292
39,293
41,128
41,930
41,450
41,674
44,236
47,401
48,386
49,931
51,038
51,056
52,442

Aug-95
Sep-95
Oct-95
Nov-95
Dec-95
Jan-96
Feb-96
Mar-96
Apr-96
May-96
Jun-96
Jul-96
Aug-96
Sep-96
Oct-96
Nov-96
Dec-96
Jan-97
Feb-97
Mar-97
Apr-97
May-97
Jun-97
Jul-97
Aug-97
Sep-97
Oct-97
Nov-97
Dec-97
Jan-98
Feb-98
Mar-98
Apr-98
May-98
Jun-98
Jul-98
Aug-98
Sep-98
Oct-98
Nov-98
Dec-98
Jan-99
Feb-99
Mar-99
Apr-99
May-99

6,652
6,470
6,800
7,102
7,733
7,901
8,204
9,138
7,870
6,231
5,892
6,031
6,075
4,581
4,733
5,293
4,790
4,706
4,618
4,563
4,484
3,574
3,476
3,530
3,494
3,553
4,142
3,505
3,498
3,505
3,606
3,668
3,632
3,759
4,162
4,144
4,231
4,506
4,628
4,715
4,834
5,300
5,418
5,199
5,145
5,386

25,435
25,878
27,045
28,803
27,766
28,344
29,299
30,173
32,213
34,184
35,289
36,176
36,664
38,067
38,720
39,226
40,059
41,338
42,239
43,072
44,173
45,430
48,808
50,506
51,657
52,910
53,411
55,513
20,881
20,819
21,296
21,550
21,999
21,921
21,427
21,181
18,628
18,459
18,299
16,912
16,018
16,359
16,565
16,872
17,186
17,130

53,111
53,915
54,810
56,066
56,850
55,411
55,093
57,408
56,901
57,737
58,090
57,607
57,412
57,854
58,150
58,639
59,987
59,606
60,155
60,494
60,110
61,081
62,102
62,657
62,982
63,767
64,437
65,394
67,094
67,250
68,677
68,704
69,431
70,064
69,789
70,859
72,044
72,066
72,575
72,303
71,976
82,748
85,970
81,031
78,976
80,234

Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
May-00
Jun-00
Jul-00
Aug-00
Sep-00
Oct-00
Nov-00
Dec-00
Jan-01
Feb-01
Mar-01
Apr-01
May-01
Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02
Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03

5,443
5,385
5,464
5,478
5,494
5,287
3,816
5,710
4,054
4,680
4,522
16,484
7,765
7,767
7,259
7,338
7,346
7,370
7,349
7,003
7,057
7,339
7,670
7,841
7,925
8,142
8,264
8,373
8,494
8,358
4,093
3,714
3,689
3,793
3,836
3,975
3,893
3,741
3,622
4,001
3,493
3,437
3,312
4,087
3,697
4,165

17,365
17,529
16,239
16,650
16,734
16,877
13,635
13,121
12,548
11,591
11,777
9,444
9,357
9,636
9,417
9,318
9,295
10,053
8,978
9,072
8,981
9,668
9,834
9,944
5,446
5,547
5,620
5,728
5,754
5,715
5,755
5,811
5,826
5,963
6,034
6,083
6,118
6,742
6,741
7,167
6,367
6,586
9,509
9,352
10,210
9,609

80,576
81,020
82,183
83,262
84,475
85,097
83,703
83,190
82,259
76,160
78,771
75,270
80,242
80,819
79,342
79,312
80,753
83,296
85,788
84,153
87,886
90,644
91,399
94,312
94,756
97,937
100,978
103,778
103,195
101,221
98,798
99,101
100,712
100,530
99,852
101,930
106,338
110,419
107,445
120,077
117,815
118,642
115,953
115,823
117,225
115,285

Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07

3,948
4,017
3,887
4,356
4,894
4,841
4,878
4,875
4,739
4,958
5,059
5,359
5,379
5,332
5,207
5,257
5,342
5,456
5,272
5,166
5,043
5,001
4,981
5,021
4,975
5,045
4,839
4,811
4,766
4,694
4,588
4,665
4,559
4,434
4,550
4,580
4,534
4,589
4,529
4,503
4,450
4,400
4,344
4,336
4,194
4,265

9,208
9,445
9,265
10,196
10,214
10,198
10,337
9,991
10,248
10,562
10,659
10,649
12,212
12,546
13,273
13,403
13,913
14,007
14,336
14,274
14,160
14,131
14,160
14,536
14,557
14,403
14,761
15,169
15,378
15,400
15,289
15,465
15,997
16,018
16,277
16,323
16,242
16,603
16,432
16,505
14,229
14,202
14,169
14,346
14,678
14,569

111,771
112,729
112,526
112,178
112,836
113,249
113,471
117,181
116,850
113,250
114,341
114,173
117,582
120,188
120,645
121,777
121,545
122,258
124,092
124,786
124,788
125,179
126,327
126,646
128,583
128,741
129,762
131,841
132,925
131,210
133,649
134,467
138,947
136,489
136,791
138,784
141,836
146,703
145,111
147,861
148,796
151,035
153,543
157,284
164,581
165,397

Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10

4,206
4,070
4,025
4,009
3,998
3,762
3,776
3,725
3,668
3,676
3,588
3,517
3,509
3,949
3,947
3,927
3,901
3,935
4,578
4,785
4,944
7,109
9,336
9,549
9,556
9,428
9,496
9,461
9,294
33,962
34,431
32,815
33,109
33,034
32,956
35,583
34,831
33,054
32,413
33,972
35,755
35,990
36,358
35,199
35,516
35,199

14,555
14,470
14,966
14,667
14,642
14,491
14,723
14,668
14,628
14,963
15,245
15,328
15,307
15,459
15,556
15,662
15,429
15,559
15,871
16,522
16,682
17,304
17,881
18,108
18,275
18,626
18,822
18,973
19,201
19,988
21,197
21,717
22,411
23,655
26,017
25,781
25,909
26,414
27,198
27,771
28,277
29,315
29,904
30,674
30,856
31,832

167,305
166,942
175,151
174,619
176,448
181,430
188,568
191,429
197,420
205,351
213,815
215,369
218,842
230,587
237,429
241,514
244,752
248,316
254,474
269,514
279,382
290,605
296,435
294,021
298,826
300,070
297,305
295,471
299,413
296,659
296,049
298,797
299,058
302,807
304,745
305,140
306,552
307,230
307,329
312,986
324,157
329,035
339,059
346,831
354,266
359,800

Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Fonte
BCB-Depec

34,583
34,733
34,685
33,376
32,770
33,482
33,459
33,749

33,222
33,408
33,668
34,426
34,481
34,794
34,941
35,072
BCB-Depec

361,163
361,763
365,740
367,183
374,582
378,674
384,504
387,113
BCB-Depec

Tabela 22. Variao do Crdito Total (em bilhes)

2010
Discriminao

Julho

Outubro

Federal

35.99

35.52

Estadual e Municipal

29.32

30.86

Crdito - Setor Pblico

65.31

66.37

Setor Industrial

329.04

354.27

Setor Habitacional

116.12

129.12

Setor Rural

114.59

121.51

Setor Comercial

153.96

164.37

Pessoas Fisicas

502.23

526.78

Outros Servios

266.80

282.02

Crdito - Setor Privado

1482.73

1578.07

Crdito Total

1548.03

1644.44

Fonte: BACEN
Elaborao: Grupo 1

2048 Operaes de
2047 - Operaes crdito totais do 2049 - Operaes de 2050 - Operaes de
de crdito totais do sistema
crdito totais do
crdito totais do
sistema financeiro - financeiro - Ao
sistema financeiro - Ao sistema financeiro - A
Habitacionais setor rural setor comercial pessoas fsicas u.m.c. (milhes)
u.m.c. (milhes) u.m.c. (milhes)
u.m.c. (milhes)
5,143,239
1,868,703
1,345,232
663,563
6,401,363
2,229,656
1,597,964
897,741
7,877,790
2,718,005
1,875,018
1,100,582
9,789,403
3,419,365
2,288,936
1,232,162
12,394,106
4,361,850
2,784,759
1,498,809
15,859,303
5,596,882
3,403,106
1,922,799
20,502,633
6,888,632
4,131,822
2,490,028
25,109
8,589
5,165
3,013
29,076
11,345
5,268
3,050
34,815
10,871
5,472
3,456
40,134
12,540
6,623
3,974
45,089
14,010
7,366
4,826
56,383
14,728
8,066
5,750
72,613
19,583
10,020
7,077
94,529
24,613
13,364
9,655
143,335
31,172
19,460
11,852
205,298
42,132
26,687
16,147
282,542
54,453
35,687
22,353
463,999
74,715
55,886
32,743
733,175
138,832
78,795
49,889
1,251,454
227,485
128,552
86,428
1,581,535
332,214
188,409
136,569
1,806,335
437,991
232,143
145,542
1,940,277
523,034
263,406
170,258
2,141,397
589,747
324,808
166,046
2,404,393
653,360
389,637
201,856
2,652,801
701,839
526,683
207,533
2,973,300
803,414
655,428
226,524
3,363,830
1,003,265
752,292
260,144
3,884,522
1,196,865
827,268
300,413
4,652,055
1,388,533
946,090
337,542
5,609,817
1,663,536
1,059,418
412,449
6,077,866
1,871,622
1,172,549
456,602
6,435,092
2,034,648
1,284,709
489,588
6,644,227
2,285,500
1,515,257
606,728
7,091,386
2,506,426
1,789,860
693,652
7,791,037
2,773,355
2,108,059
831,533
8,723,270
3,096,556
2,445,017
1,080,121
9,763,228
3,698,542
2,890,826
1,242,087
12,038,954
4,729,565
3,447,090
1,568,243

14,822,620
19,686,970
24,394,043
29,822,955
36,451,656
44,804,303
53,836,617
64,440,376
92,413,273
113,753,357
140,158,871
175,032,131
218,695,618
275,192,815
355,028,196
453,550,192
578,997,843
720,554,066
925,851,702
1,203,831,931
1,558,672,597
2,028,434,768
2,708,885
3,667,298
5,099,675
7,012,668
9,637,357
13,699,135
19,580,896
27,305,305
38,325,728
55,735,022
78,177,548
32,712
33,970
34,667
35,701
36,954
39,487
40,748
41,875
42,418
44,725
46,221
48,534
42,740

5,921,240
7,761,156
10,205,612
12,686,083
16,507,701
20,064,238
23,769,963
29,383,570
36,038,864
44,629,452
55,799,372
71,977,439
90,258,371
110,941,912
139,414,418
176,710,630
224,566,308
281,693,965
357,964,256
457,333,557
594,004,850
805,930,037
1,096,775
1,449,463
2,073,045
2,825,080
3,947,943
5,518,498
7,692,669
11,032,859
15,717,506
22,966,166
34,470,928
13,389
13,730
15,063
16,000
16,898
17,706
17,955
18,623
19,435
20,039
20,414
20,706
20,384

4,069,039
4,814,496
6,559,922
7,847,436
9,250,773
11,596,428
15,178,301
18,729,462
23,904,181
30,065,208
36,327,039
45,031,170
60,813,847
78,491,011
99,234,888
128,091,645
156,274,303
203,601,243
274,717,655
367,758,345
498,716,761
681,282,925
1,012,624
1,396,803
1,957,096
2,671,984
3,944,464
5,156,672
7,644,822
11,775,907
15,838,002
23,525,537
38,492,423
14,946
16,725
17,950
18,881
20,126
21,127
22,148
23,366
24,968
26,092
26,951
28,169
29,178

1,795,704
2,207,110
2,583,481
3,142,184
3,629,492
4,501,856
5,819,731
6,549,455
8,587,863
11,426,795
15,798,699
19,749,786
25,950,567
35,436,530
47,036,819
57,674,347
74,506,965
100,020,886
139,454,890
189,499,023
225,828,516
337,884,859
461,947
622,630
864,403
1,254,753
1,759,110
2,457,411
3,556,392
5,264,993
7,308,284
10,872,408
18,399,769
8,424
10,975
13,557
15,102
15,419
16,026
16,539
16,030
16,862
17,056
17,365
17,129
17,294

44,003
45,112
45,828
46,227
47,095
47,328
47,482
48,228
48,075
47,249
48,172
48,458
48,583
48,110
48,405
48,305
47,824
48,022
48,056
48,269
48,250
48,816
49,260
49,808
49,626
49,683
49,826
49,934
50,076
50,390
50,965
50,696
50,629
50,684
51,262
51,363
52,472
53,142
53,627
53,975
53,956
54,141
54,051
54,680
54,696
54,639

21,193
22,366
22,187
22,552
23,050
21,807
22,070
22,298
22,585
22,419
22,252
20,703
19,501
19,043
19,477
19,903
19,119
19,367
19,687
19,944
20,340
20,522
19,794
19,916
20,370
21,020
22,372
22,454
22,631
22,693
23,376
23,457
23,854
23,963
23,302
23,172
23,376
25,723
25,368
25,542
25,246
26,316
25,162
25,134
25,048
25,138

29,733
30,758
31,030
31,861
31,177
31,587
32,007
32,158
32,490
32,301
31,456
31,473
31,251
31,545
31,809
28,637
28,228
27,409
27,635
27,839
27,982
28,867
29,296
28,928
28,596
28,868
29,101
29,089
28,984
28,142
28,439
27,840
27,930
28,254
28,003
27,686
27,771
26,690
26,219
26,186
25,344
27,187
27,292
26,377
26,024
26,009

16,844
16,836
16,849
16,678
16,288
16,740
17,368
16,718
16,778
17,214
17,002
18,064
18,763
20,091
20,837
22,288
23,475
24,931
26,087
26,976
27,968
28,626
30,055
31,073
33,674
35,063
35,795
35,547
35,049
35,297
36,001
36,038
36,573
36,909
36,372
36,793
37,221
37,061
36,558
35,980
36,277
36,579
36,284
36,269
35,927
36,402

54,326
54,190
53,842
53,679
53,862
53,842
52,991
53,173
52,803
53,664
54,893
59,169
60,996
61,315
61,053
60,509
58,824
56,697
55,961
53,929
53,553
53,544
53,167
52,950
22,751
22,969
23,154
23,581
23,756
23,896
23,941
24,030
24,013
23,908
23,878
24,026
24,072
23,953
23,879
24,168
24,192
24,294
24,385
24,126
24,220
24,292

23,746
23,621
23,552
24,267
25,197
25,922
26,084
26,108
26,573
27,195
26,692
26,911
27,447
27,335
27,375
26,030
26,394
27,057
27,913
27,988
28,650
28,757
29,057
29,265
24,287
24,315
24,781
25,923
26,951
27,741
27,157
27,333
28,484
28,407
28,598
28,828
29,102
28,481
28,735
30,331
32,150
32,999
34,729
36,084
37,170
37,487

25,750
26,139
26,965
27,371
27,947
28,638
28,488
27,841
27,393
27,482
26,837
28,561
27,604
27,689
28,566
28,517
29,451
30,913
31,747
31,687
32,770
33,465
34,017
34,465
35,457
35,555
35,861
36,663
36,721
36,996
36,381
36,183
35,964
36,019
36,365
36,903
38,628
39,168
38,668
40,756
40,205
40,795
40,388
39,832
40,184
39,789

37,637
38,202
39,274
39,947
41,242
41,527
41,823
42,942
44,745
43,519
44,774
49,535
51,690
52,846
55,230
56,632
58,657
61,045
62,937
65,704
67,378
70,072
72,689
74,443
74,987
75,688
76,697
77,551
78,979
80,232
80,359
81,486
82,202
83,095
85,730
86,750
86,582
86,477
86,551
87,048
88,054
88,331
88,231
86,273
86,656
87,781

24,430
24,515
24,693
24,709
24,824
24,889
24,964
25,049
25,054
24,935
24,635
24,977
25,120
25,147
25,240
25,419
25,495
25,434
25,489
25,615
25,774
25,941
26,038
26,184
26,406
26,538
26,882
27,165
27,492
27,805
28,172
28,589
29,081
29,766
29,956
30,710
31,271
31,848
32,566
33,192
33,728
34,105
34,733
35,246
35,689
36,662

38,150
39,066
40,440
40,356
43,431
43,431
45,333
46,220
47,295
47,186
47,621
47,736
48,389
49,079
50,446
49,642
50,502
53,422
55,036
56,820
58,502
58,559
58,410
58,980
59,870
59,905
60,167
58,977
58,417
59,656
62,049
63,686
65,955
66,312
66,760
67,614
68,488
69,698
70,686
70,149
70,434
72,240
74,570
76,118
77,681
78,665

40,035
40,114
40,196
39,968
40,601
40,601
41,401
42,681
43,266
43,500
44,028
44,053
45,382
47,459
48,797
49,144
51,094
52,781
53,605
55,121
54,779
55,348
56,935
57,252
57,984
58,022
58,649
58,925
59,674
61,084
62,278
64,017
64,514
64,274
65,730
66,661
67,621
68,631
70,312
71,277
72,077
73,428
75,473
78,096
78,433
75,056

89,020
90,149
91,147
91,686
94,486
94,486
95,900
97,320
98,993
100,317
102,392
103,273
107,471
110,113
112,410
115,330
118,999
122,162
128,087
132,144
136,456
140,519
143,561
148,440
153,119
158,915
162,411
166,049
171,876
176,348
180,723
184,923
188,784
192,829
196,193
200,241
204,378
210,341
211,930
216,495
221,150
222,607
228,048
233,651
235,816
240,695

37,154
38,044
38,775
39,594
40,322
40,967
41,878
42,698
43,499
44,422
45,852
46,355
47,169
48,416
49,699
51,018
52,578
54,218
56,177
58,132
59,828
61,774
63,268
64,372
66,072
67,802
69,510
71,545
74,110
76,939
79,850
82,716
85,243
86,765
91,862
94,224
97,001
100,750
104,077
107,745
111,650
116,119
120,707
125,385
129,119
133,518

79,221
79,945
80,634
81,380
81,830
81,144
82,180
84,039
86,496
88,421
89,211
90,024
90,618
92,274
94,021
96,234
98,396
98,763
99,551
102,669
104,260
104,882
106,365
106,397
106,415
106,810
107,399
107,678
106,671
106,195
108,626
110,672
112,920
112,593
112,302
113,838
114,088
115,192
115,926
116,776
115,570
114,587
117,285
119,771
121,514
122,491

77,739
78,917
79,877
80,844
83,220
83,866
86,701
88,252
91,215
95,333
97,648
96,861
98,918
102,018
104,585
106,976
110,866
112,814
117,441
120,430
122,890
124,554
124,802
122,699
118,816
119,628
119,815
120,404
120,969
121,877
124,696
127,501
130,680
133,887
136,306
135,890
137,364
138,474
140,866
147,704
151,837
153,955
156,618
160,041
164,365
168,955

244,757
249,669
256,251
266,274
269,925
279,991
287,730
292,859
302,315
310,129
314,353
320,838
326,881
334,349
342,920
351,412
357,057
365,375
370,984
380,080
386,693
386,408
389,541
394,472
399,092
405,803
411,422
422,566
428,130
431,961
437,502
444,686
451,891
458,047
462,469
467,016
470,587
478,421
484,257
492,109
497,099
502,230
511,568
519,160
526,780
538,914

138,778
142,483
146,337
150,891
155,785
161,399
167,445
173,286
BCB-Depec

123,878
124,645
125,431
127,150
128,758
129,540
129,572
128,771
BCB-Depec
BCB-Depec

172,644
171,202
176,183
178,610
180,977
183,934
187,581
189,650

549,203
551,938
559,385
563,810
570,827
580,344
587,157
592,191
BCB-Depec

2011
Dezembro

Janeiro

Maro

Maio

34.58

34.73

33.38

33.48

33.22

33.41

34.43

34.79

67.81

68.14

67.80

68.28

361.16

361.76

367.18

378.67

138.78

142.48

150.89

161.40

123.88

124.65

127.15

129.54

172.64

171.20

178.61

183.93

549.20

551.94

563.81

580.34

292.42

291.99

298.16

304.06

1638.09

1644.02

1685.81

1737.96

1705.89

1712.16

1753.61

1806.23

2051 - Operaes de
crdito totais do
sistema financeiro - Ao 2052 - Operaes de
setor privado de outros crdito totais do
servios - u.m.c.
sistema financeiro (milhes)
u.m.c. (milhes)
1,604,196
21,002,772
1,932,345
25,494,128
2,435,337
31,589,769
3,060,830
38,923,379
3,963,235
48,996,433
4,949,623
61,585,520
6,608,008
79,864,728
7,522
96,591
8,344
107,177
8,783
116,790
9,396
132,489
11,169
148,466
13,112
177,181
17,342
228,601
22,641
298,046
30,599
419,948
42,697
589,341
60,063
813,156
95,541
1,293,048
140,407
2,029,219
237,835
3,414,261
340,309
4,974,143
416,191
6,024,637
442,295
6,418,379
503,280
7,093,560
568,864
8,043,671
703,571
9,043,417
875,257
10,396,106
1,006,114
12,010,185
1,155,949
14,234,606
1,368,797
16,751,785
1,514,736
19,973,290
1,656,995
21,937,597
1,843,387
23,922,997
2,111,870
26,480,262
2,479,208
29,051,143
2,787,784
32,944,081
3,161,249
36,923,814
3,661,800
42,172,283
4,405,364
50,215,018

5,385,248
7,055,432
8,780,156
11,139,609
14,277,235
17,544,017
21,086,383
26,486,072
32,349,176
39,843,308
49,756,895
68,058,757
85,301,853
108,321,749
143,770,970
186,766,025
239,485,542
305,808,012
397,050,144
542,424,644
735,024,598
947,122,731
1,369,905
1,868,711
2,657,312
3,677,498
5,123,600
7,079,171
10,510,690
15,534,588
21,547,887
32,098,044
46,156,327
17,913
18,898
19,213
20,194
21,952
22,583
22,073
23,209
24,545
24,914
26,243
26,709
27,575

60,995,823
77,651,828
97,507,099
124,759,227
154,760,596
189,576,562
232,044,679
282,143,519
361,257,865
446,724,057
555,251,410
700,028,314
885,530,378
1,124,823,139
1,439,294,296
1,813,347,749
2,318,290,197
2,934,374,069
3,810,540,450
5,054,267,983
6,629,764,974
8,841,689,652
11,957,189
16,245,086
22,792,923
31,422,977
43,421,014
60,542,051
86,951,323
124,105,647
175,715,067
260,960,864
387,071,766
151,410
161,528
170,178
177,727
183,928
186,856
193,123
200,569
207,983
215,147
221,882
226,148
223,165

27,563
28,016
28,480
28,619
28,685
28,237
29,022
28,429
28,476
28,960
29,845
29,613
29,061
29,592
30,516
29,469
29,026
29,351
28,903
28,814
29,831
30,650
29,895
30,293
30,716
30,918
30,998
31,168
31,477
31,151
32,202
32,298
32,142
32,460
32,778
31,583
32,447
33,643
34,098
43,141
43,237
36,943
37,777
35,567
35,606
35,230

224,534
229,352
233,029
237,909
238,644
237,355
240,545
244,550
245,389
246,296
247,998
248,124
247,309
248,882
252,646
251,760
252,507
254,729
257,380
259,971
263,138
267,567
272,685
276,711
281,114
285,783
290,084
292,603
259,689
259,247
264,561
264,251
266,188
268,014
267,094
266,781
268,189
271,290
271,372
278,754
276,888
285,572
288,519
281,128
278,607
280,168

35,310
36,005
36,846
37,137
37,849
38,634
37,965
37,112
37,198
41,795
43,341
46,859
41,909
42,498
42,015
41,018
42,175
44,351
46,153
47,150
49,003
50,423
51,730
52,711
53,886
54,406
56,790
59,064
59,716
60,849
59,892
60,078
59,150
59,519
60,356
61,183
62,811
65,494
64,126
68,241
66,336
66,762
67,890
68,931
68,957
68,562

280,154
282,091
284,365
287,791
292,800
295,824
288,505
289,197
287,573
286,084
291,609
312,232
307,011
309,905
310,257
308,673
312,895
320,782
326,826
326,686
335,278
343,913
349,563
355,931
319,496
324,558
332,145
340,660
343,567
345,008
336,376
337,735
340,040
341,234
344,649
349,678
357,544
364,476
359,768
381,788
378,612
381,846
384,396
384,508
388,320
386,969

66,744
66,265
66,430
66,431
65,827
65,827
66,866
69,799
71,813
73,063
72,115
73,127
74,019
76,001
76,916
77,331
77,567
78,188
81,329
79,359
79,220
81,024
81,226
83,226
84,505
82,360
83,849
85,882
87,308
88,160
89,225
94,312
99,185
98,605
99,417
100,878
103,071
105,715
106,944
109,534
109,438
112,375
112,700
117,969
121,518
123,146

383,307
386,300
388,582
389,881
397,523
397,523
403,151
413,115
418,258
417,770
420,849
423,347
435,554
445,864
452,933
457,302
464,457
473,707
487,245
493,284
498,722
505,701
511,638
520,285
530,000
533,930
541,320
548,819
557,835
564,357
575,972
590,126
607,023
608,729
615,673
625,790
637,440
654,129
658,510
669,514
674,302
684,392
697,581
717,045
732,590
738,456

123,580
125,411
127,635
127,556
129,525
132,216
136,739
139,656
142,388
148,451
156,262
156,689
158,296
166,021
169,967
178,155
184,711
186,916
191,216
200,661
210,463
215,713
219,666
219,751
212,041
214,725
215,052
215,174
219,053
219,262
224,922
229,296
232,285
237,447
247,687
247,338
249,930
252,412
255,954
259,533
264,543
266,799
270,658
276,705
282,023
287,996

748,518
757,467
777,313
788,942
799,910
817,866
842,295
857,327
881,631
910,744
935,973
944,980
959,540
993,074
1,018,124
1,044,897
1,067,692
1,085,895
1,110,292
1,152,792
1,185,143
1,208,349
1,227,294
1,229,370
1,229,094
1,242,891
1,248,821
1,261,272
1,276,841
1,306,842
1,327,273
1,348,076
1,367,598
1,388,235
1,414,304
1,424,810
1,436,262
1,451,946
1,468,020
1,498,596
1,528,887
1,548,028
1,582,157
1,613,767
1,644,439
1,678,706

292,419
291,987
293,881
298,163
299,857
304,064
308,996
314,413
BCB-Depec

1,705,890
1,712,159
1,735,310
1,753,610
1,778,036
1,806,233
1,833,655
1,854,247
BCB-Depec

Variao
Julho

03 meses

07 meses

12 meses

33.75

0.80%

-2.83%

-6.23%

35.07

0.80%

4.98%

19.64%

68.82

0.80%

1.00%

5.38%

387.11

2.23%

7.01%

17.65%

173.29

7.36%

21.62%

49.23%

128.77

-0.59%

3.31%

12.38%

189.65

3.11%

10.78%

23.19%

592.19

2.04%

7.29%

17.91%

314.41

3.40%

7.68%

17.85%

1785.42

2.73%

8.60%

20.42%

1854.25

2.66%

8.30%

19.78%

Operaes de crdito
Crdito com recursos
Crdito com recursos livres com recursos livres Data
livres - pessoas fsicas - pessoas jurdicas
total - R$ (milhes)
Jan-07
242,930
258,370
501,301
Feb-07
247,037
264,255
511,292
Mar-07
252,027
267,391
519,418
Apr-07
258,680
278,896
537,577
May-07
268,787
279,921
548,708
Jun-07
272,495
284,911
557,406
Jul-07
282,597
290,057
572,654
Aug-07
290,437
300,360
590,797
Sep-07
295,702
306,548
602,250
Oct-07
305,199
314,202
619,401
Nov-07
313,120
328,604
641,724
Dec-07
317,561
343,250
660,810
Jan-08
324,100
343,290
667,391
Feb-08
330,384
349,756
680,140
Mar-08
337,971
367,514
705,486
Apr-08
346,714
378,605
725,319
May-08
355,302
390,774
746,075
Jun-08
361,110
402,644
763,753
Jul-08
369,456
408,910
778,365
Aug-08
375,208
423,145
798,354
Sep-08
384,329
444,374
828,703
Oct-08
391,161
457,177
848,338
Nov-08
391,004
471,590
862,594
Dec-08
394,287
476,890
871,178
Jan-09
399,192
472,313
871,505
Feb-09
403,793
462,988
866,781
Mar-09
411,953
465,180
877,134
Apr-09
417,695
461,947
879,641
May-09
428,822
461,676
890,498
Jun-09
434,331
464,467
898,799
Jul-09
437,983
461,790
899,773
Aug-09
443,845
466,002
909,847
Sep-09
451,453
470,422
921,875
Oct-09
458,874
473,550
932,424
Nov-09
465,186
480,281
945,467
Dec-09
469,863
484,661
954,524
Jan-10
474,530
481,748
956,279
Feb-10
478,352
485,214
963,565
Mar-10
486,526
483,093
969,619
Apr-10
492,838
488,422
981,260
May-10
500,921
498,153
999,074
Jun-10
505,906
510,186
1,016,092
Jul-10
510,907
513,990
1,024,898

Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Fonte
BCB-Depec

520,780
528,878
536,805
549,293
560,025
563,161
571,168
576,077
583,511
593,439
600,916
606,496

519,185
532,802
542,652
551,901
556,124
554,047
561,753
569,050
579,144
586,511
597,768
600,957
BCB-Depec

1,039,965
1,061,679
1,079,457
1,101,193
1,116,149
1,117,209
1,132,921
1,145,127
1,162,655
1,179,950
1,198,684
1,207,453
BCB-Depec

Operaes de crdito do sistema

financeiro - Recursos livres - P.
Jurdicas - Recursos domsticos R$ (milhes)
205,946
211,061
212,549
219,219
221,839
227,560
229,744
234,647
242,084
249,413
260,962
274,700
273,299
278,607
289,100
302,102
314,566
328,074
335,872
348,545
360,413
368,958
378,883
386,076
384,376
375,403
378,838
379,928
384,607
389,947
391,415
398,213
408,025
413,602
422,705
429,757
425,763
429,099
430,797
437,686
446,292
458,425
462,967

650,000
600,000
550,000
500,000
450,000
400,000
350,000
300,000
250,000
200,000

Crdito com recursos

livres - pessoas fsicas

Crdito co
livres - pe
jurdicas

300,000

466,867
481,201
490,409
499,560
507,261
503,401
509,881
517,512
525,763
530,093
542,603
544,327
BCB-Depec

250,000

Crdito com recursos

livres - pessoas fsicas

200,000

Crdito co
livres - pe
jurdicas

Tabela 22. Variao do Crdito Total de Recursos Livres (em bilhes)

2010
Discriminao

20

Julho

Outubro

Crdito - Pessoas Fisicas

510.91

536.81

560.03

563.16

Crdito - Pessoas Juridicas

513.99

542.65

556.12

554.05

Crdito Total

1024.90

1079.46

1116.15

1117.21

Fonte: BACEN
Elaborao: Grupo 1

Dezembro

Janeiro

ursos
sicas

Crdito com recursos

livres - pessoas
jurdicas

ursos
sicas

Crdito com recursos

livres - pessoas
jurdicas

bilhes)
2011

Variao

Maro

Maio

Julho

03 meses

07 meses

12 meses

576.08

593.44

606.50

2.20%

7.69%

18.71%

569.05

586.51

600.96

2.46%

8.47%

16.92%

1145.13

1179.95

1207.45

2.33%

8.08%

17.81%

Data
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10

Crdito Crdito Crdito BNDESCrdito

Rural
BNDES-Direto Repasses
Outros
35,386
54,464
73,232
67,655
35,852
54,796
72,876
67,242
36,663
55,408
71,298
68,148
37,314
56,006
70,629
69,167
38,039
57,079
67,995
70,379
38,695
57,581
67,025
72,394
39,291
56,654
67,358
75,027
40,106
57,567
70,462
76,405
40,778
59,260
70,885
77,133
41,533
61,454
72,981
79,021
42,358
62,935
74,952
81,421
43,583
64,270
77,778
82,196
44,039
64,721
77,906
83,575
44,620
65,449
77,982
83,987
45,752
66,841
81,143
86,383
46,876
68,396
82,123
87,854
48,118
70,626
82,863
89,599
49,506
72,475
83,588
90,561
51,152
72,379
84,122
91,938
53,020
73,082
86,944
90,824
54,977
75,787
91,339
93,787
56,495
77,488
98,159
96,292
58,338
77,222
103,185
98,479
59,714
78,304
107,753
101,506
60,877
78,185
108,087
101,851
62,601
78,116
110,675
101,954
64,134
76,990
112,697
102,732
65,741
77,592
112,496
103,955
67,767
77,970
111,560
103,998
70,259
76,996
116,358
104,801
73,019
76,959
141,997
105,411
75,876
78,779
144,917
108,008
78,606
80,017
144,107
113,334
81,024
82,069
145,741
116,278
82,409
81,929
149,003
119,224
87,361
78,715
158,104
124,927
89,684
79,780
159,888
128,630
92,320
79,960
158,991
130,501
95,891
80,976
161,018
133,004
98,959
80,869
159,584
136,042
102,428
81,675
164,565
139,236

Crdito Habitacional

6,418
6,460
6,532
6,621
6,742
6,809
6,883
6,958
7,021
7,240
7,354
7,336
7,349
7,362
7,470
7,555
7,615
7,809
7,939
8,068
8,200
8,370
8,530
8,840
8,865
8,967
9,205
9,396
9,479
9,628
9,683
9,847
10,137
10,062
10,203
10,673
10,550
10,924
11,437
11,306
11,619

Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Fonte
BCB-Depec

106,098
110,371
114,725
118,996
122,449
126,570
131,420
134,781
138,107
142,161
146,638
151,820
157,039
162,400

80,295
168,061
146,356
11,985
78,549
168,945
153,371
11,894
80,081
172,146
162,800
12,441
82,316
171,157
166,688
12,931
83,799
175,200
170,816
12,718
84,723
177,997
175,299
12,924
86,764
178,017
179,756
13,784
86,519
178,103
181,749
13,799
86,967
179,715
183,693
13,907
88,498
178,566
185,166
14,092
89,946
178,023
186,610
14,164
91,861
179,400
188,953
14,249
91,904
180,858
190,798
14,372
91,917
184,073
193,779
14,627
BCB-Depec BCB-Depec
BCB-Depec BCB-Depec

Crdito com Recursos Direcionados

250,000
2%
25%
30%

14%

Crdito Habitacional
Crdito Rural
Crdito BNDESDireto
Crdito BNDESRepasses
Crdito Outros

200,000

150,000

100,000

50,000
28%

Tabela 22. Variao do Crdito em Recursos Direcionados Total (em bilhes)

2010
Discriminao

Julho

Outubro

Setor Habitacional

110.37

122.45

131.42

134.78

Setor Rural

78.55

83.80

86.76

86.52

Crdito - Fomento Rural

74.60

79.04

81.89

81.57

Crdito - Cooperativas

3.95

4.76

4.87

4.95

11.89

12.72

13.78

13.80

Setor Outros

Dezembro

Janeiro

BNDES

322.32

346.02

357.77

359.85

Direto

168.95

175.20

178.02

178.10

Repasses

153.37

170.82

179.76

181.75

523.13

564.98

589.74

594.95

Total
Fonte: BACEN
Elaborao: Grupo 1

7522 - Operaes de 12131 - Operaes de crdito

7524 - Operaes de crdito do sistema
do sistema financeiro com
crdito do sistema
financeiro - Recursos recursos direcionados
concedidos por Bancos e
financeiro - Recursos direcionados direcionados - Total - BNDES-Total - u.m.c. Agncias de Fomento - Rural
u.m.c. (milhes)
(milhes)
- R$ (milhes)
237,155
140,887
51,961
237,226
140,118
52,319
238,049
139,446
52,845
239,736
139,795
53,352
240,233
138,374
54,335
242,504
139,419
54,768
245,212
142,385
54,072
251,498
146,867
54,801
255,077
148,018
56,267
262,229
152,002
58,170
269,020
156,372
59,463
275,162
159,974
60,689
277,590
161,482
61,133
279,400
161,970
61,918
287,588
167,525
63,153
292,805
169,977
64,519
298,821
172,462
66,590
303,939
174,149
68,344
307,530
176,060
68,477
311,938
177,768
68,973
324,089
185,126
71,003
336,805
194,452
72,424
345,755
201,664
72,104
356,117
209,259
73,296
357,865
209,938
73,211
362,313
212,629
73,070
365,758
215,429
73,264
369,180
216,451
73,430
370,774
215,558
73,288
378,042
221,159
73,633
407,069
247,407
73,325
417,426
252,924
74,680
426,201
257,441
76,243
435,174
262,019
78,055
442,768
268,227
77,820
459,820
283,032
74,604
468,531
288,518
75,589
472,696
289,493
75,845
481,698
294,022
76,209
486,431
295,626
76,415
499,187
303,801
77,097

512,795
523,131
542,192
552,088
564,982
577,513
589,741
594,950
602,389
608,483
615,381
626,283
634,971
646,795
BCB-Depec

314,417
322,316
334,946
337,845
346,015
353,295
357,773
359,851
363,408
363,732
364,633
368,353
371,656
377,852
BCB-Depec

76,191
74,598
75,794
77,843
79,041
79,846
81,891
81,565
81,971
83,372
84,592
86,433
86,654
86,626
BCB-Depec

Crdito BNDES-Direto
Crdito BNDESRepasses

2011
Maro

Maio

Julho

142.16

151.82

162.40

88.50

91.86

91.92

83.37

86.43

86.63

5.13

5.43

5.29

14.09

14.25

14.63

363.73

368.35

377.85

178.57

179.40

184.07

185.17

188.95

193.78

608.48

626.28

646.80

12132 - Operaes de
crdito do sistema
financeiro com recursos
direcionados concedidos
por Cooperativas - Rural R$ (milhes)
2,503
2,477
2,563
2,654
2,744
2,814
2,582
2,766
2,993
3,285
3,472
3,581
3,587
3,531
3,688
3,877
4,036
4,131
3,902
4,109
4,784
5,064
5,118
5,008
4,974
5,046
3,726
4,162
4,682
3,363
3,634
4,100
3,775
4,014
4,110
4,111
4,191
4,115
4,139
4,125
4,243

4,104
3,951
4,287
4,473
4,758
4,877
4,873
4,954
4,996
5,126
5,354
5,428
5,250
5,290
BCB-Depec

Variao
03 meses

07 meses

12 meses

6.97%

20.49%

47.14%

0.06%

6.24%

17.02%

0.22%

6.20%

16.12%

-2.54%

6.78%

33.89%

2.65%

6.00%

22.98%

2.58%

5.00%

17.23%

2.60%

3.35%

8.95%

2.55%

6.62%

26.35%

3.28%

8.71%

23.64%

Crdito do sistema financeiro - Total ao setor

pblico
Data
Jan-07
18,835
Feb-07
18,761
Mar-07
18,539
Apr-07
18,991
May-07
18,676
Jun-07
18,640
Jul-07
18,254
Aug-07
18,499
Sep-07
18,394
Oct-07
18,297
Nov-07
18,638
Dec-07
18,833
Jan-08
18,845
Feb-08
18,816
Mar-08
19,408
Apr-08
19,503
May-08
19,588
Jun-08
19,331
Jul-08
19,494
Aug-08
20,449
Sep-08
21,307
Oct-08
21,626
Nov-08
24,413
Dec-08
27,217
Jan-09
27,658
Feb-09
27,831
Mar-09
28,053
Apr-09
28,318
May-09
28,434
Jun-09
28,495
Jul-09
53,950
Aug-09
55,628
Sep-09
54,532
Oct-09
55,519
Nov-09
56,689
Dec-09
58,974
Jan-10
61,364
Feb-10
60,740
Mar-10
59,468
Apr-10
59,611
May-10
61,743
Jun-10
64,032
Jul-10
65,305
Aug-10
66,262

Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Fonte
BCB-Depec

65,873
66,372
67,031
67,805
68,141
68,353
67,802
67,251
68,277
68,400
68,822

Crdito do sistema financeiro - Total ao

setor privado
719,621
729,757
738,927
758,322
770,264
781,269
799,613
823,795
838,933
863,333
892,105
917,140
926,135
940,724
973,665
998,620
1,025,308
1,048,361
1,066,402
1,089,843
1,131,484
1,163,516
1,183,936
1,200,076
1,201,711
1,201,261
1,214,837
1,220,501
1,232,836
1,248,345
1,252,891
1,271,646
1,293,667
1,312,077
1,331,546
1,355,331
1,363,444
1,375,520
1,392,478
1,408,407
1,436,852
1,464,855
1,482,724
1,515,895

Tabela 22. Variao do Crdito Total (em bilhes)

2010
Discriminao

Julho

Outubro Dezembro

Crdito - Setor Pblico

65.31

66.37

67.81

Crdito - Setor Privado

1482.72

1578.07

1638.08

Crdito Total

1548.03

1644.44

1705.89

1,547,893
1,578,066
1,611,674
1,638,084
1,644,017
1,666,956
1,685,806
1,710,784
1,737,955
1,765,255
1,785,426
BCB-Depec

Fonte: BACEN
Elaborao: Grupo 1

2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0

Crdito do sistema
financeiro - Total
ao setor pblico

C
f
a

(em bilhes)
2011

Variao

Janeiro

Maro

Maio

Julho

03 meses

07 meses

12 meses

68.14

67.80

68.28

68.82

0.80%

1.00%

5.39%

1644.02

1685.81

1737.96

1785.43

2.73%

8.60%

20.42%

1712.16

1753.61

1806.23

1854.25

2.66%

8.30%

19.78%

dito do sistema
anceiro - Total
setor pblico

Crdito do sistema
financeiro - Total
ao setor privado

ndice Geral de
ndice Geral de
ndice Geral de Preos Preos Preos - Disponibilidade
Disponibilidade
ndice Geral de
Interna - IGP-DI (% Preos do
Disponibilidade
Interna - IGP-DI (%
a.a.)
Data
Interna - IGP-DI
a.m.)
Mercado - IGP-M
Jan-00
178,454
1.02
19.83
180,301
Feb-00
178,800
0.19
14.96
180,935
Mar-00
179,128
0.18
12.94
181,214
Apr-00
179,357
0.13
13.05
181,635
May-00
180,563
0.67
14.21
182,189
Jun-00
182,236
0.93
14.1
183,745
Jul-00
186,353
2.26
14.85
186,634
Aug-00
189,746
1.82
15.27
191,087
Sep-00
191,049
0.69
14.38
193,297
Oct-00
191,763
0.37
12.68
194,040
Nov-00
192,506
0.39
10.32
194,599
Dec-00
193,970
0.76
9.81
195,827
Jan-01
194,920
0.49
9.23
197,045
Feb-01
195,580
0.34
9.38
197,491
Mar-01
197,151
0.8
10.06
198,606
Apr-01
199,374
1.13
11.16
200,591
May-01
200,251
0.44
10.9
202,324
Jun-01
203,167
1.46
11.49
204,310
Jul-01
206,450
1.62
10.78
207,341
Aug-01
208,315
0.9
9.79
210,211
Sep-01
209,111
0.38
9.45
210,853
Oct-01
212,135
1.45
10.62
213,339
Nov-01
213,756
0.76
11.04
215,685
Dec-01
214,137
0.18
10.4
216,163
Jan-02
214,535
0.19
10.06
216,944
Feb-02
214,927
0.18
9.89
217,074
Mar-02
215,170
0.11
9.14
217,276
Apr-02
216,673
0.7
8.68
218,486
May-02
219,070
1.11
9.4
220,292
Jun-02
222,872
1.74
9.7
223,688
Jul-02
227,441
2.05
10.17
228,057
Aug-02
232,818
2.36
11.76
233,348
Sep-02
238,973
2.64
14.28
238,943
Oct-02
249,042
4.21
17.4
248,199
Nov-02
263,580
5.84
23.31
261,080
Dec-02
270,692
2.7
26.41
270,867
Jan-03
276,578
2.17
28.92
277,173
Feb-03
280,984
1.59
30.73
283,506
Mar-03
285,640
1.66
32.75
287,855
Apr-03
286,815
0.41
32.37
290,512
May-03
284,900
-0.67
30.05
289,747
Jun-03
282,913
-0.7
26.94
286,843

Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07

282,349
284,105
287,081
288,337
289,718
291,462
293,793
296,976
299,746
303,184
307,616
311,576
315,113
319,244
320,788
322,492
325,148
326,833
327,915
329,241
332,490
334,170
333,321
331,823
330,484
327,887
327,454
329,529
330,619
330,835
333,222
333,030
331,531
331,607
332,851
335,067
335,637
337,011
337,817
340,541
342,482
343,384
344,850
345,652
346,407
346,878

-0.2
0.62
1.05
0.44
0.48
0.6
0.8
1.08
0.93
1.15
1.46
1.29
1.14
1.31
0.48
0.53
0.82
0.52
0.33
0.4
0.99
0.51
-0.25
-0.45
-0.4
-0.79
-0.13
0.63
0.33
0.07
0.72
-0.06
-0.45
0.02
0.38
0.67
0.17
0.41
0.24
0.81
0.57
0.26
0.43
0.23
0.22
0.14

24.14
22.03
20.13
15.78
9.92
7.67
6.22
5.69
4.94
5.71
7.97
10.13
11.6
12.37
11.74
11.85
12.23
12.14
11.61
10.86
10.92
10.22
8.36
6.5
4.88
2.71
2.08
2.18
1.68
1.22
1.62
1.15
-0.29
-0.77
-0.14
0.98
1.56
2.78
3.16
3.34
3.59
3.79
3.49
3.79
4.49
4.61

285,649
286,735
290,127
291,229
292,657
294,455
297,039
299,097
302,484
306,151
310,152
314,419
318,532
322,412
324,651
325,925
328,588
331,005
332,298
333,288
336,123
339,030
338,299
336,801
335,663
333,474
331,690
333,694
335,033
335,006
338,083
338,128
337,339
335,921
337,185
339,712
340,312
341,574
342,561
344,155
346,746
347,842
349,593
350,524
351,717
351,869

May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11

347,421
348,328
349,628
354,495
358,633
361,308
365,100
370,485
374,139
375,558
378,194
382,414
389,585
396,954
401,406
399,870
401,327
405,707
405,982
404,185
404,244
403,737
400,353
400,530
401,232
399,966
397,393
397,758
398,738
398,575
398,857
398,407
402,425
406,826
409,399
412,341
418,811
420,241
421,154
425,788
430,453
434,882
441,754
443,427
447,764
452,047

0.16
0.26
0.37
1.39
1.17
0.75
1.05
1.47
0.99
0.38
0.7
1.12
1.88
1.89
1.12
-0.38
0.36
1.09
0.07
-0.44
0.01
-0.13
-0.84
0.04
0.18
-0.32
-0.64
0.09
0.25
-0.04
0.07
-0.11
1.01
1.09
0.63
0.72
1.57
0.34
0.22
1.1
1.1
1.03
1.58
0.38
0.98
0.96

4.38
3.96
4.17
5.19
6.16
6.1
6.6
7.89
8.49
8.65
9.18
10.24
12.14
13.96
14.81
12.8
11.9
12.29
11.2
9.1
8.05
7.5
5.86
4.74
2.99
0.76
-1
-0.53
-0.65
-1.76
-1.76
-1.43
-0.45
0.77
2.26
2.95
4.38
5.07
5.98
7.05
7.95
9.11
10.75
11.3
11.27
11.12

352,020
352,936
353,920
357,404
361,997
365,794
368,334
374,815
378,900
380,906
383,731
386,380
392,592
400,382
407,446
406,127
406,557
410,524
412,104
411,575
409,782
410,849
407,808
407,181
406,885
406,486
404,718
403,253
404,945
405,129
405,548
404,499
407,049
411,843
415,734
418,917
423,885
427,489
428,150
431,445
436,423
440,829
447,206
450,301
453,875
458,397

Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11

454,805
457,059
457,090
456,490
456,258
459,055

0.61
0.5
0
-0.13
-0.05
0.61

11.09
10.84
9.14
8.63
8.34
7.81

7
6
5
4
3
2
1

-1
-2

ndice Geral de
Preos Disponibilidade
Interna - IGP-DI (%
a.m.)

ndice Geral de
Preos do Mercado IGP-M (% a.m.)

461,249
463,311
465,311
464,463
463,927
465,968

ndice Geral
ndice Geral
de Preos do de Preos do
Mercado - IGP- Mercado M (% a.m.)
IGP-M (% a.a.)
1.24
20.58
0.35
16.78
0.15
13.74
0.23
13.20
0.31
13.87
0.85
14.43
1.57
14.46
2.39
15.39
1.16
15.06
0.38
13.57
0.29
11.24
0.63
9.95
0.62
9.29
0.23
9.15
0.56
9.60
1
10.44
0.86
11.05
0.98
11.19
1.48
11.09
1.38
10.01
0.31
9.08
1.18
9.95
1.1
10.84
0.22
10.38
0.36
10.10
0.06
9.92
0.09
9.40
0.56
8.92
0.83
8.88
1.54
9.48
1.95
9.99
2.32
11.01
2.4
13.32
3.87
16.34
5.19
21.05
3.75
25.31
2.33
27.76
2.28
30.60
1.53
32.48
0.92
32.97
-0.26
31.53
-1
28.23

-0.42
0.38
1.18
0.38
0.49
0.61
0.88
0.69
1.13
1.21
1.31
1.38
1.31
1.22
0.69
0.39
0.82
0.74
0.39
0.3
0.85
0.86
-0.22
-0.44
-0.34
-0.65
-0.53
0.6
0.4
0
0.92
0.01
-0.23
-0.42
0.38
0.75
0.18
0.37
0.29
0.47
0.75
0.32
0.5
0.27
0.34
0.04

25.25
22.88
21.42
17.34
12.09
8.71
7.17
5.50
5.08
5.38
7.04
9.61
11.51
12.44
11.90
11.91
12.28
12.41
11.87
11.43
11.12
10.74
9.08
7.12
5.38
3.43
2.17
2.38
1.96
1.21
1.74
1.45
0.36
-0.92
-0.33
0.86
1.39
2.43
3.28
3.13
3.50
3.83
3.40
3.67
4.26
4.75

0.04
0.26
0.28
0.98
1.29
1.05
0.69
1.76
1.09
0.53
0.74
0.69
1.61
1.98
1.76
-0.32
0.11
0.98
0.38
-0.13
-0.44
0.26
-0.74
-0.15
-0.07
-0.1
-0.43
-0.36
0.42
0.05
0.1
-0.26
0.63
1.18
0.94
0.77
1.19
0.85
0.15
0.77
1.15
1.01
1.45
0.69
0.79
1

4.40
3.89
4.00
4.63
5.67
6.29
6.23
7.75
8.38
8.67
9.10
9.81
11.53
13.44
15.12
13.63
12.31
12.23
11.88
9.81
8.15
7.86
6.27
5.38
3.64
1.52
-0.67
-0.71
-0.40
-1.31
-1.59
-1.72
-0.67
0.24
1.94
2.88
4.18
5.17
5.79
6.99
7.77
8.81
10.27
11.32
11.50
11.30

0.62
0.45
0.43
-0.18
-0.12
0.44

10.95
10.60
9.77
8.65
8.36
8.00
Tabela 22. Variao dos ndices IGP-M e IGP-DI (%)
2010
Discriminao

Agosto

Setembro

Outubro

Novembro

IGP-DI

1.10

1.10

1.03

1.58

0.38

0.98

IGP-M

0.77

1.15

1.01

1.45

0.69

0.79

Fonte: BACEN
Elaborao: Grupo 1

Dezembro

Janeiro

2011

Acumulado

Fevereiro

Maro

Abril

Maio

Junho

Julho

Agosto

03 meses

08 meses

12 meses

0.96

0.61

0.50

0.00

-0.13

-0.05

0.61

-0.18

3.48

8.67

1.00

0.62

0.45

0.43

-0.18

-0.12

0.44

-0.30

3.43

8.50

INCC-M IPA-M (% IPC-M (%

Data
(% a.m.) a.m.)
a.m.)
Jan-05
0.7
0.2
0.8
Feb-05
0.42
0.2
0.51
Mar-05
0.71
0.94
0.66
Apr-05
0.38
0.96
0.8
May-05
0.54
-0.77
1.02
Jun-05
2.2
-1
0.05
Jul-05
0.65
-0.65
0.12
Aug-05
0.05
-0.88
-0.32
Sep-05
0.06
-0.76
-0.17
Oct-05
0.28
0.72
0.42
Nov-05
0.29
0.4
0.46
Dec-05
0.38
-0.27
0.52
Jan-06
0.24
1.1
0.7
Feb-06
0.28
-0.06
0.11
Mar-06
0.23
-0.48
0.22
Apr-06
0.21
-0.77
0.22
May-06
0.81
0.43
0.07
Jun-06
1.45
1.11
-0.44
Jul-06
0.57
0.21
-0.08
Aug-06
0.35
0.46
0.13
Sep-06
0.09
0.36
0.18
Oct-06
0.18
0.65
0.1
Nov-06
0.23
1.02
0.27
Dec-06
0.3
0.29
0.39
Jan-07
0.45
0.4
0.81
Feb-07
0.26
0.21
0.43
Mar-07
0.17
0.32
0.45
Apr-07
0.43
-0.14
0.37
May-07
0.55
-0.09
0.2
Jun-07
1.67
0
0.35
Jul-07
0.21
0.26
0.34
Aug-07
0.35
1.31
0.39
Sep-07
0.39
1.83
0.21
Oct-07
0.49
1.42
0.28
Nov-07
0.48
0.97
0.04
Dec-07
0.43
2.36
0.67
Jan-08
0.41
1.24
0.96
Feb-08
0.43
0.64
0.26
Mar-08
0.59
0.96
0.19
Apr-08
0.82
0.65
0.76
May-08
1.1
2.01
0.68
Jun-08
2.67
2.27
0.89
Jul-08
1.42
2.2
0.65
Aug-08
1.27
-0.74
0.23

3
3
2
2
1

-1
-2

INCC-M (% a

Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11

0.95
0.85
0.65
0.22
0.26
0.35
-0.17
0
0.25
1.53
0.37
0.01
0.07
0.13
0.18
0.2
0.52
0.35
0.45
1.17
0.93
1.77
0.62
0.22
0.2
0.15
0.36
0.59
0.37
0.39
0.44
0.75
2.03
1.43
0.59
0.16

0.04
1.24
0.3
-0.42
-0.95
0.2
-1.24
-0.44
-0.3
-0.45
-0.85
-0.61
0.53
0.04
0.08
-0.5
0.51
1.42
1.07
0.72
1.49
1.09
0.2
1.24
1.6
1.3
1.84
0.63
0.76
1.2
0.65
0.29
0.03
-0.45
-0.22
0.57

-0.06
0.25
0.52
0.58
0.75
0.4
0.43
0.58
0.42
0.17
0.34
0.16
0.28
0.03
0.14
0.2
1
0.88
0.83
0.73
0.49
-0.18
-0.17
-0.27
0.34
0.56
0.81
0.92
1.08
0.67
0.62
0.78
0.9
-0.12
-0.13
0.21

INCC-M (% a.m.)

IPA-M (% a.m.)

IPC-M (% a.m.)

IPCA - Var. %
IPCA - Var.
Anual
mensal
Data
Jan-06
5.56
Feb-06
5.38
Mar-06
5.2
Apr-06
4.54
May-06
4.15
Jun-06
3.96
Jul-06
3.9
Aug-06
3.78
Sep-06
3.64
Oct-06
3.22
Nov-06
2.98
Dec-06
3.1
Jan-07
2.95
Feb-07
2.98
Mar-07
2.92
Apr-07
2.96
May-07
3.14
Jun-07
3.63
Jul-07
3.68
Aug-07
4.1
Sep-07
4.07
Oct-07
4.04
Nov-07
4.11
Dec-07
4.37
Jan-08
4.47
Feb-08
4.52
Mar-08
4.63
Apr-08
4.93
May-08
5.44
Jun-08
5.9
Jul-08
6.19
Aug-08
6
Sep-08
6.08
Oct-08
6.23
Nov-08
6.21
Dec-08
5.75
Jan-09
5.69
Feb-09
5.75
Mar-09
5.47
Apr-09
5.4
May-09
5.08
Jun-09
4.7
Jul-09
4.41
Aug-09
4.28

%
0.59
0.41
0.43
0.21
0.1
-0.21
0.19
0.05
0.21
0.33
0.31
0.48
0.44
0.44
0.37
0.25
0.28
0.28
0.24
0.47
0.18
0.3
0.38
0.74
0.54
0.49
0.48
0.55
0.79
0.74
0.53
0.28
0.26
0.45
0.36
0.28
0.48
0.55
0.2
0.48
0.47
0.36
0.24
0.15

Tabela 22. Evoluo do IPCA e seu

IPCA
Alimentacao e bebidas
Habitacao
Artigos de residencia
Vestuario
Transportes
Saude e cuidados pessoais
Despesas pessoais
Educacao
Comunicacao
Fonte: BACEN
Elaborao: Grupo 1

8
7
6
5
4
3
2
1

Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11

4.26
4.09
4.14
4.23
4.5
4.73
5.05
5.14
5.1
4.74
4.51
4.4
4.61
5.08
5.5
5.76
5.84
5.86
6.13
6.33
6.37
6.52
6.67
7

0.24
0.28
0.41
0.37
0.75
0.78
0.52
0.57
0.43
0
0.01
0.04
0.45
0.75
0.83
0.63
0.83
0.8
0.79
0.77
0.47
0.15
0.16
0.37

Fonte

IBGE

o do IPCA e seus componentes (em %)

2010
Part.
ndice Set.
Out.
Nov.
Dez.
Jan.
100%
0.54
0.92
1.03
0.6
20%
1.2
2.21
2.35
1.12
14%
0.4
0.47
0.51
0.41
5%
0.46
0.25
-0.03
0.05
6%
0.38
0.91
1.39
1.22
21%
0.05
0.24
0.2
0.26
11%
0.35
0.23
0.29
0.21
9%
0.23
0.36
0.49
0.28
7%
0.1
0.03
0.13
0.05
7%
0
0.23
0.48
0.06

IPCA - Var. % Anual

8
7
6
5
4
3
2
1
IPCA - Var. % Anual

2011
Fev.
0.94
1.02
0.46
0.3
0.16
2.61
0.38
0.75
0.49
0.08

Mar.
0.54
0
0.45
0.37
0
0.89
0.24
1.63
5.02
0.26

Abr.
0.66
0.72
0.4
0.28
0.62
1.22
0.42
0.47
1.12
0.1

0.72
0.63
0.74
-0.38
1.37
1.17
1
0.46
0.18
0

2011
Mai.

Jun.
0.57
0.58
1.07
0.13
1.12
0.08
0.7
0.58
0.03
0.16

Jul.
0.22
-0.29
0.52
0.41
1.28
-0.08
0.65
0.71
0.21
-0.08

Ago.
0
-0.54
0.32
-0.01
0.16
0.34
0.37
0.1
0.21
-0.02

0.42
0.7
0.45
0.41
0.63
0.05
0.27
0.35
0.18
-0.09

Multiplicador
monetrio
Data
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09

1.43
1.42
1.46
1.44
1.45
1.43
1.44
1.44
1.43
1.43
1.43
1.41
1.41
1.41
1.44
1.43
1.42
1.44
1.44
1.45
1.43
1.44
1.44
1.47
1.41
1.41
1.42
1.42
1.41
1.42
1.41
1.4
1.41
1.4
1.5
1.5
1.47
1.46
1.47
1.48
1.47
1.47
1.47
1.46
1.43

Variao do multiplicador
2
2
1
1
1
1
1
1
1
1
1

Multiplicador
monetrio

Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Fonte
BCB-Depec

1.45
1.45
1.44
1.42
1.42
1.43
1.43
1.45
1.45
1.43
1.43
1.43
1.42
1.42
1.42
1.4
1.4
1.4
1.4
1.41
1.4
1.41
1.39

multiplicador monetrio