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1E

AO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44

1998

1999

2000

2001

PERIODO
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.

0.01

OTROS ACTIVOS
416
262
337
303
322
123
211
315
620
195
140
336
358
-894
283
256
252
219
264
213
480
200
216
322
355
321
555
1,047
722
856
730
1,168
1,658
1,130
1,097
913
402
-964
428
603
457
523
500
510

y = 1E-08x6 - 5E-06x5 + 0,0009x4 - 0,0775x3 + 3,118x2 -

3000
2500
2000
1500
1000
500
0
-500
-1000
-1500

1
9
17
25
33

TIEMPO

45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91

2002

2003

2004

2005

Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.

507
480
501
910
896
-323
903
894
905
927
943
989
1,010
980
976
1,083
1,126
1,129
1,132
1,096
1,101
1,132
1,120
1,147
1,103
1,096
1,134
1,152
1,166
1,131
1,111
1,128
1,153
1,176
1,167
1,157
1,143
1,185
1,237
1,230
1,214
1,168
1,152
1,164
1,153
1,171
1,191

92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138

2006

2007

2008

2009

Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.

1,154
1,193
1,250
1,225
1,250
1,226
1,205
1,217
1,234
1,251
2,448
1,332
1,237
1,275
1,265
1,265
1,330
1,297
1,277
1,273
1,365
1,175
1,285
1,273
1,346
1,312
1,259
1,301
1,353
2,018
1,956
1,933
1,915
1,964
2,106
2,074
2,180
2,293
1,648
1,607
1,607
1,815
1,874
1,833
1,746
1,710
1,745

139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184

2010

2011

2012

2013

Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.

1,693
-135
-234
-289
-273
-311
-261
-191
-266
-238
-5
78
87
-22
-80
1,734
-110
-48
-45
-73
-77
-11
-14
43
-126
-105
-161
-289
-291
-24
62
50
54
69
110
-54
-24
-55
115
97
95
188
283
308

Mar.
Abr.

-18,656
-18,999

y = 1E-08x6 - 5E-06x5 + 0,0009x4 - 0,0775x3 + 3,118x2 -

185
186
187
188
189
190
191
192
193

May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.

-19,334
-19,661
-19,979
-20,287
-20,584
-20,870
-21,143
-21,401

5E

0.00001

0.8
8

0.6
6

+ 0,0009x4 - 0,0775x3 + 3,118x2 - 39,631x + 374,34

OTROS ACTIVOS
y = 1E-08x6 - 5E-06x5 + 0.0009x4 - 0.0775x3 + 3.118x2 - 39.631x +
374.34
R = 0.625

OTROS ACTIVOS

25
33
41
49
57
65
73
81
89
97
105
113
121
129
137
145
153
161
169
177

Poly. (OTROS ACTIVOS)

+ 0,0009x4 - 0,0775x3 + 3,118x2 - 39,631x + 374,34

1.3 Origen de la base monetaria 1/


(Miles de millones de pesos)

Fin de:

Base
monetaria

Reservas
internacionales
de caja
(netas)

Activos del Ba
Crdit
Total

Tesorera

(c)

(d)

3/

(a)

1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1988

1989

1990

Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.

(b)

9,739.6
10,710.4
11,647.9
14,107.4
16,441.5
19,260.2
22,804.0
27,031.8
32,415.1
37,040.4
39,544.7
44,875.0
51,339.2
56,463.0

15,166.2
19,684.9
23,388.8
30,730.5
30,449.9
32,347.0
34,143.8
34,556.8
41,892.7
52,879.7
51,830.3
54,453.9
62,750.1
66,352.4

6,216.7
5,474.3
3,794.9
5,507.0
7,558.9
3,488.2
3,582.1
7,536.0
1,808.9
180.3
1,566.4
781.3
(152.5)
(4,689.2)

657.1
660.8
691.5
661.7
678.2
701.4
701.7
703.6
689.5
727.8
802.3
914.9
876.7
882.5
887.5
918.6
924.6
933.1
985.4
954.8
910.1
921.6
966.3
1,171.7
1,032.8
1,051.9

857.3
862.5
836.7
826.3
1,002.6
1,086.2
1,088.5
1,090.5
1,072.6
1,104.9
1,147.2
1,186.5
1,183.6
1,190.3
1,132.7
1,137.4
1,139.1
1,157.9
1,213.0
1,272.4
1,210.1
1,487.7
1,530.4
1,543.4
1,531.8
1,649.0

(14.8)
(16.4)
47.9
37.7
(119.1)
(162.5)
(157.6)
(149.4)
(129.8)
(116.9)
(65.8)
16.0
(20.2)
(19.3)
56.9
90.2
99.5
108.4
111.7
36.9
61.0
(203.2)
(173.3)
(47.8)
(67.0)
(137.3)

2,161.5
2,422.4
1,629.8
2,197.2
2,884.2
(194.1)
(1,607.4)
(290.2)
(3,554.8)
(1,888.9)
619.8
(2,096.3)
(4,620.3)
(8,001.3)
262.5
292.7
290.5
309.9
217.4
184.6
153.3
154.6
150.5
142.1
196.4
243.8
233.8
299.4
310.1
335.5
397.9
409.9
419.3
380.2
379.1
373.5
220.2
231.6
256.5
252.3

1991

1992

1993

1994

Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.

1,071.5
1,084.5
1,090.8
1,121.2
1,165.1
1,132.2
1,153.3
1,205.3
1,279.4
1,493.5
1,508.8
1,420.7
1,343.6
1,323.7
1,409.2
1,412.5
1,423.1
1,460.0
1,564.2
1,707.1
1,916.6
2,290.0
2,028.1
2,152.9
2,214.3
2,396.4
2,436.0
2,604.9
2,569.2
2,590.8
2,562.3
2,670.2
2,860.1
3,312.5
3,010.3
3,031.2
3,137.2
3,184.6
3,337.6
3,492.9
3,458.0
3,586.4
3,484.4
3,621.9
3,833.6
4,419.0
4,092.1
4,135.3
4,339.5
4,300.7
4,314.1
4,535.0
4,620.0
4,473.5
4,596.8

1,643.2
1,628.4
1,725.1
1,776.6
1,792.1
2,058.8
2,087.9
2,152.9
2,194.0
2,336.6
2,454.7
2,473.1
2,483.0
2,552.2
2,802.6
2,982.9
3,147.0
3,409.8
3,599.2
3,801.8
3,877.2
3,936.5
4,032.5
4,158.0
4,312.4
4,467.2
4,626.9
4,727.0
4,781.6
4,795.9
4,839.9
4,914.6
5,021.3
5,732.2
5,895.0
5,842.0
5,950.0
5,986.0
6,208.0
6,335.8
6,477.0
6,551.9
6,659.5
6,400.6
6,340.4
6,368.6
6,547.2
6,587.3
6,651.6
6,568.0
6,589.2
6,465.6
6,424.8
6,454.0
6,468.7

(83.7)
(53.2)
(129.2)
(89.0)
(83.4)
(311.7)
(309.9)
(305.0)
(394.1)
(211.1)
(323.7)
(387.7)
(420.1)
(507.2)
(685.0)
(859.8)
(1,071.0)
(1,312.7)
(1,507.4)
(1,624.4)
(1,279.1)
(1,048.7)
(1,403.2)
(1,384.6)
(1,487.1)
(1,516.9)
(1,647.2)
(1,643.4)
(1,737.0)
(1,690.6)
(1,798.1)
(1,829.0)
(1,763.4)
(1,374.7)
(1,625.6)
(1,726.9)
(1,612.7)
(1,610.7)
(1,578.6)
(1,494.4)
(1,627.3)
(1,519.2)
(1,706.0)
(1,492.0)
(1,288.6)
(737.9)
(1,189.2)
(1,206.0)
(1,000.0)
(857.2)
(872.5)
(742.2)
(687.4)
(868.5)
(752.7)

291.7
345.3
275.5
274.7
303.3
56.0
117.1
125.6
38.0
179.5
229.1
290.6
305.6
335.1
262.7
192.2
224.0
100.4
239.8
(46.7)
210.0
365.1
401.9
401.0
392.3
442.8
530.3
459.2
410.8
244.7
74.4
62.4
(4.5)
519.1
462.5
240.9
292.5
186.5
222.9
281.5
432.7
564.9
591.8
639.2
545.1
597.8
547.3
528.6
581.8
510.5
562.0
406.0
545.0
280.5
402.2

1995

1996

1997

1998

1999

Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.

4,744.6
5,062.5
5,634.4
5,165.2
5,203.9
5,028.2
5,422.7
5,528.5
5,559.7
5,480.8
5,404.3
5,521.7
5,605.1
5,855.5
6,267.1
5,987.2
5,660.7
6,158.7
5,888.4
5,839.2
5,928.3
5,936.8
5,777.8
5,806.7
5,577.3
5,567.8
6,627.6
6,044.2
5,934.0
6,127.3
6,348.6
6,307.8
6,784.9
6,696.3
6,633.2
6,704.3
6,732.4
7,166.6
8,287.1
7,409.7
7,380.5
7,348.5
7,430.6
7,149.4
7,339.0
7,328.5
7,318.7
7,055.9
6,463.1
6,793.9
6,923.1
6,608.3
6,242.7
6,887.7
6,829.2

6,423.9
6,434.1
6,675.0
6,849.4
6,896.2
7,054.1
7,173.9
7,245.3
7,275.0
7,476.4
7,845.5
8,024.4
8,253.5
8,200.1
8,333.9
8,522.0
8,491.2
8,423.3
8,499.0
8,683.7
8,686.2
8,535.5
8,490.8
8,403.8
8,299.9
8,371.3
9,993.1
10,463.1
10,763.6
10,692.4
10,808.7
11,049.1
11,259.4
11,558.6
12,022.8
12,860.1
12,942.5
13,002.8
12,776.4
13,029.4
12,607.2
12,860.3
12,826.5
12,814.3
12,370.5
12,500.8
12,902.3
13,792.7
13,840.3
13,436.5
13,216.1
13,898.7
13,505.5
13,414.5
13,957.3

(983.3)
(522.0)
(95.0)
(473.8)
(496.9)
(513.3)
(194.8)
(417.5)
(326.7)
(420.4)
(334.9)
(62.0)
5.8
400.5
795.6
590.0
390.9
884.5
587.2
548.2
632.7
658.8
471.0
465.5
178.9
79.8
(392.6)
(1,008.7)
(1,138.2)
(1,198.1)
(1,086.4)
(1,260.2)
(821.7)
(997.9)
(1,101.6)
(892.9)
(593.1)
(73.0)
1,220.0
645.3
1,180.3
1,064.4
1,340.7
1,403.9
1,778.9
1,845.1
2,191.6
2,379.5
2,431.5
2,736.4
2,936.5
2,641.0
2,314.8
1,712.0
1,687.6

(80.7)
312.5
641.8
575.1
470.1
602.6
513.3
363.2
249.3
260.7
83.9
364.7
132.7
362.4
427.5
434.2
225.0
513.0
368.6
509.8
510.3
547.8
402.8
540.8
389.1
517.2
453.5
458.7
171.2
171.8
51.2
196.4
156.1
(36.9)
(559.3)
(450.8)
(564.9)
(226.0)
225.4
53.4
342.6
318.4
433.6
555.1
520.0
485.6
566.7
675.6
633.1
730.3
700.0
709.8
662.7
215.8
493.3

2000

2001

2002

2003

May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.

7,015.6
7,203.2
7,065.8
7,391.6
7,497.8
7,598.9
7,113.1
9,739.6
7,816.6
7,704.2
7,132.1
7,435.7
8,002.8
8,369.0
8,286.5
8,072.6
7,873.4
7,985.3
8,838.2
10,710.4
9,723.8
9,013.1
8,818.7
9,044.7
9,433.5
9,477.0
9,496.2
8,984.9
9,014.4
9,409.6
9,840.8
11,647.9
10,437.8
10,379.8
10,604.4
10,148.6
10,433.6
11,100.3
11,387.8
11,311.7
11,375.2
11,934.7
11,918.8
14,107.4
12,604.2
12,274.1
12,231.5
12,712.1
12,379.2
12,668.9
13,215.1
12,713.8
12,865.1
13,416.7
13,697.6

14,637.8
14,677.1
15,116.7
15,838.8
15,848.2
15,488.2
15,119.0
15,166.2
15,925.0
15,831.2
16,131.3
16,403.4
17,387.3
17,814.8
18,570.2
18,678.4
19,097.0
18,830.7
19,144.6
19,684.9
20,487.0
20,993.5
21,154.0
22,280.4
22,505.1
21,374.3
21,690.6
22,044.7
22,736.1
22,952.6
23,200.3
23,388.8
23,027.0
24,041.3
23,346.5
23,829.4
24,499.8
25,574.1
28,067.4
28,241.4
30,344.0
29,636.6
29,188.9
30,730.5
32,263.4
32,444.0
31,225.8
30,448.7
30,188.1
29,515.0
30,068.1
29,998.1
30,475.0
30,448.5
30,348.2

1,903.5
2,618.0
2,779.1
3,223.8
4,286.5
4,441.9
3,999.5
6,216.7
4,442.5
4,285.2
2,772.8
2,561.7
3,414.7
3,772.8
3,396.0
3,094.7
2,163.1
2,606.8
3,370.3
5,474.3
4,843.8
3,900.5
2,240.7
1,848.9
1,941.4
2,892.8
2,857.4
2,227.0
2,247.3
2,435.5
2,465.5
3,794.9
2,617.9
2,077.1
1,410.1
632.6
938.8
1,476.4
2,567.3
2,372.4
2,274.2
3,314.3
3,212.1
5,507.0
3,410.1
1,937.2
3,138.6
3,729.9
3,883.3
4,256.7
4,775.2
4,243.1
4,315.8
4,998.7
5,172.8

285.6
558.3
849.1
1,036.9
1,146.7
1,421.8
1,591.7
2,161.5
2,312.5
2,022.2
1,354.8
1,311.1
1,322.1
1,260.0
1,185.4
935.8
860.9
848.6
1,591.0
2,422.4
2,278.8
2,196.9
645.8
(72.0)
(315.6)
378.7
516.5
726.3
560.4
1,132.2
305.3
1,629.8
1,003.1
402.2
48.2
231.7
(504.8)
(683.9)
803.6
994.6
956.7
1,389.9
1,245.8
2,197.2
1,410.1
561.7
1,956.7
1,288.2
1,503.3
2,112.6
2,124.9
2,063.1
1,246.5
993.9
1,155.6

2004

2005

2006

2007

2008

Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.

16,441.5
14,670.2
14,402.2
15,075.9
14,203.7
14,594.0
15,734.9
14,824.3
14,555.2
15,086.5
15,366.8
15,612.1
19,260.2
17,228.5
16,731.3
17,379.8
17,075.4
17,987.0
18,760.1
17,325.5
18,013.1
17,578.8
18,132.2
20,228.9
22,804.0
20,387.0
20,369.3
20,532.5
21,438.8
22,162.2
21,835.2
21,741.6
24,296.0
23,091.8
23,108.6
24,189.3
27,031.8
26,248.1
25,076.0
26,504.8
24,933.4
25,207.2
26,610.9
24,636.9
25,162.7
26,038.5
27,536.3
28,711.3
32,415.1
29,925.2
29,123.4
28,483.8
29,304.4
27,572.1
29,113.5

30,449.9
30,897.2
30,328.2
30,381.6
30,348.5
31,187.1
31,614.9
30,731.5
30,899.1
31,632.3
31,634.1
32,358.0
32,347.0
32,618.9
31,471.7
33,303.6
31,172.4
31,217.3
31,869.6
31,996.7
34,835.2
34,172.6
32,616.2
33,527.7
34,143.8
33,678.1
33,692.3
34,752.0
35,878.0
36,283.5
37,296.6
35,885.6
35,950.6
35,946.4
35,032.3
35,544.0
34,556.8
37,036.6
38,397.9
41,600.7
41,611.3
38,202.0
39,197.0
40,064.2
43,452.3
41,565.6
41,546.5
42,659.1
41,892.7
40,833.5
39,658.8
39,868.2
38,635.1
38,380.6
41,213.3

7,558.9
4,947.4
3,855.8
4,363.5
3,089.0
3,670.3
3,711.6
2,794.0
1,975.7
2,399.4
2,323.0
1,143.1
3,488.2
822.6
126.8
(446.5)
1,442.1
2,047.7
2,085.3
338.0
(1,578.0)
(1,647.0)
364.6
1,326.2
3,582.1
1,683.1
586.6
386.0
1,602.8
3,716.7
3,565.5
3,187.0
5,306.6
4,071.6
4,114.9
4,641.1
7,536.0
4,408.7
964.6
(1,654.4)
(4,601.1)
(5,224.0)
(3,573.8)
(5,723.6)
(4,827.5)
(4,418.7)
(2,852.6)
(1,767.2)
1,808.9
(999.7)
(3,729.6)
(5,124.5)
(4,398.8)
(6,442.5)
(5,794.6)

2,884.2
2,700.7
976.0
1,133.2
(405.9)
1,218.7
1,414.7
83.5
(510.5)
(1,378.6)
(2,471.2)
(2,672.7)
(194.1)
(2,130.3)
(1,843.1)
(2,572.4)
(2,019.3)
(1,327.1)
(2,739.1)
(3,403.1)
(5,957.0)
(4,711.8)
(2,716.4)
(779.9)
(1,607.4)
(2,002.0)
(3,848.8)
(6,655.1)
(2,048.5)
(2,820.6)
(4,463.7)
(1,687.4)
(2,888.0)
(3,863.5)
(3,678.8)
(1,876.3)
(290.2)
(4,013.1)
(6,443.4)
(3,385.8)
(2,965.7)
(5,377.3)
(9,934.8)
(7,375.9)
(10,310.7)
(7,605.1)
(6,439.6)
(2,353.4)
(3,554.8)
(5,477.8)
(9,047.4)
(9,815.1)
(7,957.3)
(10,267.9)
(11,035.8)

2009

2010

2011

2012

2013

Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.

28,745.2
28,283.4
31,321.5
32,676.5
33,207.3
37,040.4
33,390.3
33,635.6
32,939.7
31,936.3
30,853.0
32,777.2
33,781.2
32,808.2
32,746.3
33,466.5
34,599.7
39,544.7
37,705.5
36,802.7
36,221.7
34,784.3
35,610.1
38,255.0
36,935.5
37,189.7
36,599.1
38,233.4
39,254.9
44,875.0
42,284.7
43,535.0
40,905.8
40,406.4
40,267.1
43,609.8
43,303.1
44,163.1
42,285.8
42,844.2
45,794.4
51,339.2
47,771.1
46,385.3
45,194.7
43,962.7
46,172.6
48,072.0
47,818.8
45,355.3
46,071.2
48,659.3
48,314.4
56,463.0
49,831.7

41,442.9
44,959.3
50,218.5
55,993.4
54,712.2
52,879.7
57,164.5
59,656.1
56,986.2
53,583.1
50,485.5
51,962.5
49,173.1
51,059.6
48,193.1
50,213.2
50,046.7
51,830.3
50,069.2
48,702.5
49,008.6
50,527.4
51,031.1
50,315.1
49,135.6
48,288.9
49,186.3
49,138.8
52,671.9
54,453.9
53,651.0
55,607.0
55,798.1
54,024.7
56,115.6
55,295.5
57,147.3
57,613.8
62,565.7
60,932.1
63,596.5
62,750.1
60,368.2
57,561.5
59,356.5
59,196.2
61,741.8
61,150.3
62,123.8
64,375.2
64,511.7
66,480.0
66,907.9
66,352.4
67,303.6

(7,123.9)
(8,329.3)
(6,282.7)
(4,198.5)
(3,637.5)
180.3
(3,039.6)
(3,155.7)
(3,524.1)
(4,610.8)
(5,582.2)
(4,130.0)
(3,753.6)
(4,638.5)
(4,626.4)
(3,922.8)
(2,831.1)
1,566.4
(303.0)
(1,244.7)
(2,413.3)
(4,685.7)
(4,527.8)
(2,846.2)
(4,206.1)
(3,868.8)
(5,132.9)
(4,309.4)
(3,810.7)
781.3
(2,569.6)
(2,066.1)
(5,601.4)
(6,965.0)
(7,588.1)
(5,176.3)
(6,874.5)
(6,376.3)
(8,950.6)
(8,309.3)
(5,742.0)
(152.5)
(5,697.6)
(5,849.6)
(7,728.0)
(9,646.9)
(8,367.0)
(7,119.5)
(8,180.9)
(11,583.6)
(11,881.4)
(10,512.0)
(11,677.6)
(4,689.2)
(12,165.5)

(11,398.4)
(8,525.4)
(7,020.5)
(7,148.8)
(4,418.7)
(1,888.9)
(3,248.5)
(4,411.4)
(5,440.4)
(10,944.2)
(10,162.8)
(10,607.4)
(6,107.0)
(6,442.9)
(8,700.5)
(7,323.6)
(3,147.7)
619.8
(164.7)
557.8
(3,208.1)
(6,826.6)
(7,555.9)
(7,236.8)
(8,452.0)
(10,362.3)
(10,512.2)
(11,110.2)
(6,724.9)
(2,096.3)
(5,533.1)
(7,156.0)
(10,667.5)
(17,765.7)
(12,246.0)
(13,340.1)
(15,509.9)
(14,536.5)
(17,058.0)
(15,242.5)
(12,769.9)
(4,620.3)
(12,022.9)
(8,234.6)
(9,337.1)
(14,853.7)
(17,170.3)
(22,306.9)
(24,666.9)
(20,272.6)
(21,547.5)
(17,008.2)
(16,924.8)
(8,001.3)
(17,064.6)

Feb.

49,811.4

69,948.0

(13,722.1)

(17,027.4)

(a) = (b) + (c) + (i) - (j) - (k); (c) = (d) + (e) + (f) + (g) + (h).
1/ Vase nota metodolgica: "Redefinicin de los principales agregados monetarios", en Revista del Banco de la Repblica, No. 812, junio de
2/ El concepto de neto involucra los pasivos no monetarios de cada sector.
3/ A partir de septiembre de 2004, se reemplaza la serie histrica de las reservas internacionales netas de caja por la de reservas internacionales
acuerdo con el nuevo Manual de balanza de pagos del FMI. Se restringi la definicin de los pasivos de corto plazo a las obligaciones de menos
As mismo, se excluyeron de los pasivos a corto plazo, los pasivos con organismos internacionales como el Banco Interamericano de Desarrollo
descontaron del rubro valuacin neta y provisin US$55,7 millones correspondientes al saldo de los convenios reestructurados con Cuba y Honduras
4/ Incluye los depsitos remunerados no constitutivos de encaje, que el Banco de la Repblica activ como mecanismo de contraccin monetaria
5/ Corporaciones financieras, CAV, Compaas de Financiamiento, organismos cooperativos de orden superior, cooperativas financieras, sociedades
que posean cuentas de depsito en el Banco de la Repblica.
6/ Ttulos canjeables Resolucin 66 de 1986 Junta. Monetaria, ttulos divisas por financiacin Resolucin 21 de 1993 y otros.
7/ Incluye, entre otros, el saldo de la Cuenta Especial de Cambios hasta enero 3 de 1993, fecha de su liquidacin y aportes a organismos internacionales
8/ Comprende principalmente capital, reserva legal, reserva estatutaria, supervit por liquidacin de la CEC, supervit por valorizacin de los
Fuente: Banco de la Repblica.

Activos del Banco de la Repblica 2/


Crdito interno neto
Resto
Bancos
Otros
sector pblico comerciales intermediarios
Total
4/
financieros

Sector privado
Crdito
bruto

Pasivos

Otros activos
netos sin
clasificar

6/

7/

5/

(e)

(f)

(g)

(h)

(i)

5.1
(0.6)
(0.8)
(0.2)
(0.0)
(0.0)
(0.0)
(0.0)
(451.2)
(0.0)
(0.0)
(0.0)
(0.0)
(0.1)

2,660.5
1,512.8
706.9
1,694.5
3,051.3
1,979.6
3,470.8
5,924.9
4,737.0
468.9
(577.7)
1,775.2
2,864.3
1,798.8

948.8
1,144.8
1,271.7
1,438.2
1,466.1
1,587.8
1,610.5
1,802.2
1,540.2
1,498.9
1,393.1
977.5
1,455.3
1,384.5

440.7
394.9
187.2
177.2
157.3
114.8
108.3
99.2
(462.3)
101.4
131.2
124.9
148.2
128.8

541.4
398.0
193.6
187.3
176.8
123.7
118.3
112.7
126.3
128.5
151.3
137.3
161.1
142.3

100.6
3.1
6.5
10.2
19.5
8.9
10.0
13.5
588.5
27.1
20.1
12.4
12.9
13.5

322.2
912.8
910.1
1,083.0
1,151.7
1,230.4
1,250.3
1,329.7
1,352.8
1,606.8
(310.7)
(48.3)
(24.4)
187.8

37.9
29.9
46.3
59.1
9.1
(27.1)
15.2
(23.3)
28.0
15.8
30.7
15.8
74.2
50.7
67.3
66.0
83.7
79.1
98.6
94.1
120.8
(298.1)
44.3
87.1
(108.7)
(149.6)

(119.7)
(111.6)
(104.9)
(112.3)
(130.1)
(141.0)
(129.1)
(55.0)
(94.7)
(131.1)
(150.3)
(121.5)
(153.4)
(173.4)
(162.9)
(139.9)
(48.2)
(165.8)
(147.7)
(172.0)
(185.0)
(46.8)
(149.6)
(253.6)
(119.3)
(120.2)

96.3
95.0
104.7
96.0
99.0
123.4
101.8
91.1
99.2
145.0
148.7
165.5
130.5
139.3
149.0
137.0
19.8
139.3
98.1
117.4
150.3
131.7
75.5
222.1
127.4
121.4

(291.9)
(322.5)
(288.6)
(315.0)
(314.6)
(302.4)
(298.8)
(316.7)
(312.8)
(288.7)
(291.3)
(287.6)
(305.4)
(335.4)
(306.7)
(308.3)
(353.7)
(354.2)
(356.5)
(382.9)
(404.2)
(363.6)
(363.7)
(335.0)
(222.9)
(241.3)

8.4
8.4
8.5
8.6
8.5
9.6
10.7
12.7
12.9
19.4
21.9
20.9
16.8
14.6
9.1
9.9
9.4
10.8
11.4
12.1
10.3
10.6
12.0
13.5
13.1
13.7

300.2
330.9
297.1
323.6
323.1
312.0
309.4
329.4
325.6
308.1
313.3
308.5
322.2
350.0
315.8
318.2
363.1
364.9
367.9
395.0
414.5
374.3
375.7
348.5
236.0
255.0

7.1
7.4
8.1
8.4
9.0
8.9
8.4
7.3
7.6
1.5
(0.3)
1.2
5.3
7.8
13.8
13.1
13.6
12.0
11.3
10.4
12.2
11.6
10.2
9.4
(1.4)
(1.8)

(139.0)
(130.2)
(143.4)
(107.3)
(78.5)
(154.2)
(152.7)
(137.3)
(119.7)
(104.0)
(132.0)
(146.3)
(120.9)
(108.2)
(174.8)
(161.3)
(207.8)
(194.4)
(214.0)
(180.9)
(203.0)
(161.9)
(167.2)
(174.5)
(165.0)
(179.2)
(184.1)
(185.7)
(194.4)
(192.0)
(232.3)
(265.2)
(256.5)
(385.2)
(354.6)
(298.2)
(332.3)
(369.7)
(341.3)
(408.5)
(400.4)
(374.4)
(418.5)
(415.8)
(354.5)
(366.3)
(409.5)
(423.0)
(421.5)
(409.1)
(399.7)
(454.9)
(522.8)
(563.7)
(560.8)

(106.2)
(137.0)
(113.3)
(80.4)
(132.6)
(88.7)
(120.7)
(104.6)
(93.5)
(75.5)
(142.7)
(183.6)
(145.2)
(268.6)
(251.9)
(268.0)
(226.6)
(213.9)
(249.1)
(165.1)
(146.4)
(127.7)
(148.8)
(166.6)
(127.6)
(98.9)
(69.6)
(11.6)
45.6
57.8
53.8
(43.6)
5.9
(55.2)
(11.0)
(0.5)
18.0
(2.4)
74.2
19.8
15.0
40.2
40.6
43.2
39.7
40.5
(32.5)
41.6
41.9
12.6
(33.1)
43.9
(37.2)
13.3
(88.2)

117.6
113.6
116.7
66.1
56.9
102.8
91.8
89.0
92.6
119.4
134.3
156.4
42.1
31.8
8.6
68.7
90.1
100.5
129.9
147.4
160.3
153.2
71.7
86.9
84.6
136.1
127.9
166.3
200.3
290.7
213.4
131.5
211.9
199.6
147.9
198.9
205.4
166.2
207.0
198.9
180.9
204.3
222.5
175.5
202.8
234.0
155.5
178.3
178.8
167.7
103.3
219.4
127.1
113.4
117.7

(247.8)
(244.8)
(264.6)
(242.1)
(232.5)
(227.6)
(245.3)
(277.8)
(311.5)
(330.5)
(412.5)
(504.8)
(501.7)
(497.4)
(529.7)
(691.4)
(950.7)
(1,105.3)
(1,414.0)
(1,379.2)
(1,299.9)
(1,277.4)
(1,560.8)
(1,531.4)
(1,671.4)
(1,817.6)
(2,051.6)
(2,071.6)
(2,199.5)
(2,091.8)
(1,907.4)
(1,714.1)
(1,720.3)
(1,653.0)
(1,870.4)
(1,867.9)
(1,796.3)
(1,591.3)
(1,741.4)
(1,586.0)
(1,855.6)
(1,954.2)
(2,142.3)
(1,934.0)
(1,721.7)
(1,243.9)
(1,450.0)
(1,531.4)
(1,381.1)
(1,138.9)
(1,105.0)
(956.7)
(799.5)
(712.0)
(623.6)

11.7
12.8
13.3
14.1
13.7
15.2
13.3
13.9
16.4
18.5
17.4
17.7
17.7
20.6
18.9
18.6
21.5
18.7
19.8
20.3
83.3
15.1
15.5
14.9
15.2
16.6
15.5
15.0
14.8
14.9
16.6
15.2
15.1
14.5
14.4
13.8
12.9
10.6
4.3
5.0
4.1
5.2
5.1
5.0
6.3
4.7
5.2
5.7
5.8
6.6
6.9
6.4
15.7
15.9
12.0

259.5
257.6
277.9
256.2
246.2
242.8
258.6
291.7
327.8
349.1
429.9
522.5
519.4
518.0
548.6
710.0
972.3
1,124.0
1,433.8
1,399.6
1,383.2
1,292.5
1,576.3
1,546.2
1,686.6
1,834.3
2,067.1
2,086.6
2,214.3
2,106.7
1,924.0
1,729.3
1,735.4
1,667.5
1,884.8
1,881.7
1,809.2
1,601.9
1,745.8
1,591.0
1,859.7
1,959.5
2,147.5
1,939.0
1,727.9
1,248.6
1,455.2
1,537.1
1,386.9
1,145.5
1,111.9
963.1
815.2
727.9
635.6

(8.1)
13.1
17.0
(20.0)
22.6
(18.0)
(5.4)
2.0
50.6
(20.4)
1.1
(10.9)
(35.7)
(15.8)
12.9
22.5
53.9
72.7
169.4
237.0
45.4
89.9
92.6
75.6
75.8
87.3
97.8
153.3
158.3
195.4
213.0
293.5
324.9
(250.8)
98.1
246.0
90.7
130.2
132.7
182.0
195.3
142.8
113.9
172.5
76.2
74.7
163.5
189.9
182.1
200.5
238.2
310.7
357.9
405.4
413.6

(497.7)
(460.4)
(445.9)
(348.2)
(219.1)
(183.0)
(128.5)
(82.7)
(52.9)
(46.1)
(20.3)
(12.1)
(18.3)
(7.6)
(3.9)
(13.1)
(7.0)
1.4
0.5
(7.6)
(11.3)
(1.0)
(0.8)
0.3
(10.3)
(10.8)
(20.1)
(6.6)
(9.2)
(6.3)
(6.2)
(23.1)
(6.9)
(17.2)
(4.6)
(4.8)
(4.6)
(4.7)
(0.8)
(2.2)
(0.5)
(3.7)
(0.7)
(0.8)
(0.8)
(6.3)
(6.6)
6.0
7.1
4.1
7.6
8.0
6.5
7.2
7.9

23.2
16.3
27.2
(16.4)
(276.2)
(425.8)
(300.0)
(137.3)
(42.5)
(95.3)
(27.0)
(198.3)
(94.0)
(11.7)
189.6
(49.8)
(34.4)
101.7
(44.1)
(70.4)
(20.9)
(41.4)
(91.6)
(135.7)
(266.5)
(465.9)
(395.9)
(767.0)
(332.6)
(442.9)
(486.0)
(788.0)
(474.0)
(436.0)
(363.9)
(261.6)
(70.0)
(113.9)
351.3
58.7
284.8
103.9
292.9
236.1
483.2
703.4
850.1
791.6
619.1
724.8
1,027.4
687.7
479.8
204.8
(210.0)

120.2
87.2
147.8
48.0
276.4
248.0
237.4
223.2
239.8
239.3
254.6
267.8
233.3
284.5
350.3
311.6
314.4
370.7
306.3
299.6
315.8
290.1
260.4
261.4
284.9
332.6
299.6
272.0
388.2
374.1
455.7
480.2
512.3
566.4
587.2
610.4
601.3
536.0
691.5
567.3
640.3
623.4
601.0
597.9
785.8
725.6
774.1
932.3
775.3
830.7
798.6
808.1
729.3
834.2
931.9

(548.2)
(477.7)
(465.9)
(732.4)
(748.2)
(755.2)
(517.1)
(783.9)
(720.4)
(779.1)
(626.0)
(484.1)
(247.8)
(227.1)
(168.0)
(92.9)
(107.2)
(102.2)
(44.2)
(183.3)
(161.2)
(136.6)
(99.8)
(201.3)
(218.3)
(293.2)
(729.7)
(965.7)
(1,355.6)
(1,294.9)
(1,101.2)
(1,125.7)
(1,009.1)
(1,074.2)
(761.1)
(786.0)
(554.8)
(264.5)
(47.5)
(31.8)
(87.0)
22.4
13.9
15.6
(9.2)
(63.1)
7.3
(26.0)
396.9
446.6
402.9
427.4
436.6
450.1
464.6

14.4
13.1
7.8
26.9
27.1
24.3
18.4
15.0
23.6
37.6
37.8
35.6
61.3
52.7
52.4
53.7
47.8
50.8
39.2
42.3
45.4
46.3
55.5
60.6
65.3
70.1
74.2
76.4
76.9
81.0
84.5
87.6
92.0
96.7
97.5
98.4
104.1
105.4
103.8
128.4
140.1
135.9
141.3
141.0
154.4
160.8
150.1
146.3
574.0
574.4
538.7
541.5
543.3
542.1
540.0

562.7
490.7
473.7
759.2
775.3
779.4
535.5
798.9
744.0
816.7
663.8
519.6
309.2
279.8
220.3
146.6
155.0
153.0
83.4
225.6
206.7
182.9
155.3
261.9
283.6
363.3
803.9
1,042.1
1,432.5
1,375.9
1,185.8
1,213.3
1,101.1
1,170.9
858.6
884.5
658.9
369.8
151.3
160.2
227.1
113.5
127.4
125.4
163.7
224.0
142.7
172.3
177.2
127.8
135.8
114.1
106.8
92.0
75.4

885.3
420.4
376.5
394.7
449.7
578.7
584.8
616.6
593.0
537.9
431.4
393.9
381.9
368.4
223.3
283.0
248.5
238.6
209.5
140.2
164.7
269.3
243.1
237.4
233.2
244.8
236.9
175.2
105.3
74.5
129.8
237.5
194.8
148.5
237.5
413.7
410.4
375.5
363.4
415.7
261.9
336.7
302.7
321.8
123.2
210.7
314.7
620.1
195.0
139.8
336.0
357.7
(894.4)
283.3
256.2

5.1
6.8
8.6
5.2
9.5
8.5
5.4
5.1
(1.1)
(1.2)
(1.1)
(0.8)
(3.9)
(0.7)
(1.2)
(2.5)
(1.3)
(1.7)
(0.6)
(0.6)
(3.8)
(4.3)
(0.7)
(0.7)
(1.2)
(1.3)
(1.6)
(0.8)
(0.7)
(0.7)
(1.0)
(0.8)
(0.8)
(1.0)
(0.9)
(0.9)
(0.1)
(0.1)
(0.2)
(0.1)
(0.1)
(0.1)
(0.1)
(0.2)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.1)
(0.0)
(0.0)
(0.0)

298.0
774.9
555.2
840.2
1,732.8
1,645.5
1,072.8
2,660.5
475.8
1,430.1
(218.9)
(72.5)
538.3
1,008.5
468.2
851.4
447.7
348.2
524.1
1,512.8
661.6
(48.7)
(120.2)
377.3
570.9
787.3
728.2
(103.5)
412.6
(76.7)
694.9
706.9
177.4
294.7
(12.7)
(877.3)
49.5
760.5
306.7
(174.0)
(85.9)
357.6
346.9
1,694.5
440.1
(136.7)
(298.1)
805.6
754.5
470.7
1,109.8
732.7
1,440.8
2,384.6
2,318.2

837.2
813.9
891.3
877.0
907.6
879.4
870.5
948.8
1,110.5
294.9
1,144.8
844.7
1,088.3
1,047.1
1,301.7
885.5
442.5
997.8
868.5
1,144.8
1,498.8
1,351.8
1,327.3
1,170.9
1,389.9
1,455.6
1,345.0
1,373.9
1,064.6
1,173.6
1,260.6
1,271.7
1,237.4
1,191.0
1,184.6
1,091.8
1,209.6
1,216.4
1,273.4
1,372.2
1,225.9
1,389.2
1,439.0
1,438.2
1,360.4
1,311.6
1,280.6
1,439.4
1,429.0
1,479.4
1,347.0
1,270.7
1,450.0
1,445.8
1,527.4

477.6
464.2
474.8
464.5
489.9
486.7
459.2
440.7
544.8
539.2
493.2
479.2
469.8
457.9
441.9
424.5
413.3
413.9
387.4
394.9
408.3
404.8
388.4
373.4
297.4
272.6
269.4
231.0
210.4
207.2
205.7
187.2
200.9
190.2
190.8
187.2
184.6
183.5
183.8
179.8
177.6
177.7
180.4
177.2
199.5
200.6
199.5
196.7
196.6
194.0
193.5
176.6
178.5
174.4
171.7

549.2
548.1
553.7
535.8
539.2
535.1
534.4
541.4
548.4
542.4
496.1
482.8
472.5
461.4
444.0
426.5
416.1
416.5
389.9
398.0
410.7
407.0
390.4
376.8
300.0
275.3
273.2
232.4
211.4
208.2
208.2
193.6
201.9
191.7
192.2
189.1
186.5
185.1
186.0
182.1
179.9
179.0
182.4
187.3
204.0
203.9
202.2
199.0
198.3
195.8
195.1
179.9
181.0
176.5
174.2

71.6
84.0
78.9
71.3
49.3
48.4
75.2
100.6
3.6
3.2
2.9
3.5
2.7
3.5
2.1
2.0
2.7
2.5
2.5
3.1
2.4
2.2
2.0
3.3
2.6
2.7
3.8
1.4
1.0
1.0
2.5
6.5
1.1
1.5
1.4
1.8
1.9
1.6
2.2
2.3
2.3
1.3
2.0
10.2
4.5
3.3
2.7
2.3
1.7
1.9
1.6
3.4
2.4
2.1
2.6

251.9
219.0
264.3
212.7
480.0
199.9
215.8
322.2
354.8
321.4
554.8
1,046.6
721.7
855.9
729.8
1,168.3
1,658.0
1,129.5
1,097.5
912.8
401.8
(963.8)
428.2
602.9
456.8
522.6
499.7
509.7
507.1
479.7
501.1
910.1
896.5
(323.1)
903.4
893.8
904.7
927.3
943.1
989.1
1,010.4
980.4
976.2
1,083.0
1,126.1
1,129.0
1,131.8
1,095.6
1,100.8
1,131.5
1,119.9
1,147.2
1,102.7
1,096.1
1,133.9

(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)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(2.0)
(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)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(252.2)
(257.9)
(321.9)
(419.7)
(443.3)
(451.2)
(0.0)
(198.1)
(130.8)
(37.7)
(14.2)
(1.8)

3,051.3
708.6
1,494.8
1,651.7
1,838.8
913.9
865.7
1,176.2
1,077.9
2,181.2
2,980.1
2,145.6
1,979.6
1,378.5
648.2
828.1
1,977.2
1,837.1
3,262.6
2,325.3
2,841.7
1,508.7
1,494.8
634.8
3,470.8
2,297.6
2,803.4
5,338.3
2,295.1
4,573.3
5,963.1
3,454.2
6,419.9
6,306.9
6,234.7
4,904.6
5,924.9
6,674.7
5,940.6
513.0
(1,867.4)
64.4
5,770.2
1,182.7
4,931.1
2,901.8
3,153.0
603.8
4,737.0
4,153.4
4,154.3
3,656.8
2,341.5
2,377.5
4,215.1

1,466.1
1,355.7
1,206.5
1,405.0
1,480.9
1,363.6
1,262.0
1,366.1
1,240.1
1,432.4
1,695.0
1,552.5
1,587.8
1,448.8
1,196.7
1,174.3
1,363.1
1,415.3
1,444.0
1,297.4
1,430.4
1,443.2
1,471.4
1,358.9
1,610.5
1,271.9
1,517.3
1,590.1
1,245.4
1,853.1
1,955.6
1,306.8
1,664.7
1,516.2
1,448.8
1,509.7
1,802.2
1,640.4
1,359.6
1,111.4
122.3
58.0
588.3
778.5
1,024.7
886.6
1,176.3
773.7
1,540.2
1,459.5
1,609.8
1,337.7
1,407.3
1,600.3
1,233.7

157.3
182.4
178.6
173.6
175.2
174.2
169.3
168.2
168.2
164.4
119.1
117.7
114.8
125.7
125.0
123.5
121.1
122.4
117.9
118.4
108.9
112.9
114.8
112.5
108.3
115.6
114.7
112.8
110.9
110.8
110.5
113.4
110.0
112.0
110.2
103.2
99.2
106.7
107.9
107.1
109.7
30.8
2.5
(56.7)
(214.7)
(280.3)
(322.6)
(348.0)
(462.3)
(1,134.7)
(248.2)
(173.1)
(152.6)
(138.2)
(205.8)

176.8
186.4
182.6
179.7
179.5
176.5
174.0
173.5
170.1
168.3
123.8
120.7
123.7
127.8
127.5
126.6
124.9
126.4
124.5
124.3
114.5
118.5
118.1
116.5
118.3
117.8
117.3
117.5
116.6
114.1
116.3
116.8
115.1
117.9
113.8
113.2
112.7
114.4
114.5
114.8
113.0
111.1
117.7
118.8
120.3
121.1
120.0
121.7
126.3
121.4
127.0
125.1
125.7
123.9
123.0

19.5
4.0
4.0
6.1
4.3
2.3
4.7
5.3
1.8
4.0
4.7
3.1
8.9
2.2
2.5
3.1
3.8
3.9
6.6
5.9
5.6
5.6
3.3
4.0
10.0
2.1
2.7
4.7
5.7
3.3
5.8
3.4
5.1
5.9
3.5
10.0
13.5
7.7
6.6
7.7
3.3
80.3
115.2
175.5
335.0
401.4
442.6
469.7
588.5
1,256.2
375.2
298.2
278.3
262.1
328.8

1,151.7
1,166.0
1,131.5
1,111.1
1,127.6
1,153.3
1,176.4
1,167.4
1,157.1
1,143.2
1,184.8
1,236.6
1,230.4
1,214.4
1,168.5
1,151.9
1,163.9
1,152.7
1,171.0
1,190.8
1,153.6
1,192.5
1,249.5
1,224.7
1,250.3
1,226.4
1,205.3
1,217.3
1,233.6
1,251.1
2,448.2
1,332.3
1,236.6
1,275.3
1,265.0
1,264.7
1,329.7
1,297.1
1,276.9
1,272.6
1,364.9
1,175.0
1,285.4
1,273.4
1,345.9
1,311.8
1,258.6
1,300.7
1,352.8
2,018.0
1,956.2
1,932.7
1,914.7
1,963.9
2,106.2

(5.3)
(6.7)
(7.7)
(16.6)
(13.6)
(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)
(0.0)
(1.2)
(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)
(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)
(0.0)
(0.0)
(0.0)
(0.1)
(0.1)
(0.0)

2,958.7
(430.3)
850.4
1,447.4
(619.6)
468.9
(830.2)
(187.8)
366.5
4,565.5
2,886.7
4,484.3
629.6
583.2
2,681.5
1,854.1
(1,180.2)
(577.7)
(1,864.4)
(3,088.8)
(681.0)
788.2
1,652.0
2,538.6
2,551.3
5,042.1
3,514.0
5,038.6
1,604.0
1,775.2
1,695.3
3,792.1
3,575.9
9,077.0
3,061.9
6,267.1
6,690.9
6,313.6
6,471.8
5,576.3
4,504.7
2,864.3
4,519.7
803.6
125.2
3,464.5
6,174.3
12,552.0
14,341.3
6,304.6
7,144.0
3,582.7
2,623.5
1,798.8
2,863.3

1,471.8
823.7
176.5
1,466.8
1,341.6
1,498.9
933.7
1,330.0
1,430.5
1,660.2
1,523.7
1,819.3
1,505.9
1,058.2
1,244.4
1,400.3
1,350.5
1,393.1
1,565.9
1,133.3
1,328.3
1,218.8
1,223.3
1,705.6
1,554.7
1,308.7
1,728.7
1,629.0
1,176.8
977.5
1,108.6
1,142.1
1,338.4
1,581.5
1,422.4
1,733.2
1,785.0
1,690.3
1,484.1
1,203.1
2,371.0
1,455.3
1,622.0
1,410.4
1,317.4
1,574.9
2,451.5
2,458.0
1,966.6
2,217.8
2,360.8
2,756.0
2,475.2
1,384.5
1,870.8

(150.6)
(190.6)
(281.3)
52.6
72.8
101.4
105.4
113.5
119.4
107.8
170.2
173.8
218.0
163.0
148.3
146.4
146.3
131.2
160.3
153.1
148.8
133.9
152.9
146.3
139.9
142.7
136.6
133.3
133.4
124.9
159.6
155.6
151.9
142.2
173.6
163.5
159.5
156.3
151.6
153.8
152.2
148.2
183.6
171.0
166.5
167.3
177.5
177.5
178.1
166.5
161.4
157.4
148.5
128.8
165.0

125.7
126.1
127.4
129.6
129.5
128.5
127.6
126.6
125.9
125.4
182.0
182.2
228.4
171.2
157.1
155.9
156.9
151.3
168.1
161.4
155.4
146.5
157.4
152.2
150.1
148.3
143.3
140.9
137.3
137.3
163.1
158.7
157.0
152.0
176.3
172.6
168.6
161.2
158.1
156.4
160.0
161.1
186.4
178.1
174.9
171.5
185.4
185.6
181.8
174.0
169.0
163.9
159.5
142.3
172.6

276.3
316.8
408.7
77.0
56.6
27.1
22.2
13.2
6.5
17.6
11.9
8.5
10.5
8.3
8.8
9.5
10.6
20.1
7.8
8.3
6.6
12.5
4.5
5.9
10.2
5.6
6.7
7.6
3.9
12.4
3.6
3.1
5.1
9.8
2.8
9.1
9.2
4.9
6.5
2.6
7.8
12.9
2.8
7.1
8.4
4.2
7.9
8.0
3.7
7.5
7.6
6.6
11.0
13.5
7.6

2,074.3
2,179.5
2,292.9
1,648.2
1,607.4
1,606.8
1,815.2
1,873.9
1,832.9
1,746.2
1,709.5
1,744.5
1,693.3
(135.1)
(233.7)
(289.4)
(273.0)
(310.7)
(260.8)
(190.6)
(266.0)
(238.4)
(5.5)
78.1
87.3
(21.7)
(80.0)
1,734.2
(110.2)
(48.3)
(44.7)
(73.2)
(77.3)
(10.9)
(13.7)
43.3
(126.5)
(105.1)
(161.1)
(288.9)
(290.7)
(24.4)
61.5
49.8
53.7
69.2
110.3
(54.4)
(24.3)
(55.0)
114.6
97.2
95.1
187.8
282.6

(0.0)

961.3

2,187.8

156.2

167.1

10.8

308.5

junio de 1995.
internacionales netas. La diferencia entre unas y otras se incluy en los otros activos netos sin clasificar. A partir de enero 4 de 1999, se modific el clculo
de menos de un ao con no residentes, por lo cual se excluy de dichos pasivos las obligaciones del Banco de la Repblica con la Direccin del
Desarrollo y el Banco de Desarrollo del Caribe por ser pasivos de largo plazo. Las cuentas por pagar de inversiones se reclasificaron dentro del
y Honduras. Para efectos de comparacin, las cifras correspondientes a aos anteriores tambin fueron modificadas.
monetaria a partir del 2 de abril de 2007.
financieras, sociedades fiduciarias, BCH, IFI, Bancoldex, Fogafin, Finagro, Findeter, comisionistas de bolsa, compaas de seguros, fondos de pensiones y

internacionales en M/N.
de los activos y ajuste de cambio de activos y pasivos en M/E.

Obligac.
externas de
largo plazo

Patrimonio

(j)

(k)

8/

224.9
215.0
191.0
209.6
188.9
6.6
6.3
1.4
1.3
1.4
1.3
1.2
1.2
1.1

11,740.6
15,146.7
16,254.8
23,003.6
22,530.1
17,798.8
16,165.9
16,389.3
12,638.1
17,624.9
13,540.0
10,310.7
11,232.8
5,387.0

119.6
119.9
122.2
123.7
127.4
129.6
134.3
135.7
144.0
144.8
147.4
150.0
153.1
154.2
160.9
160.2
164.8
166.7
172.1
174.8
175.7
177.1
184.5
187.1
225.2
231.7

72.8
72.8
78.9
87.0
87.0
101.6
103.3
109.2
117.0
117.0
131.4
138.9
138.9
142.0
154.9
161.8
162.8
178.6
178.6
190.1
197.4
197.4
216.4
146.2
205.3
226.2

233.0
237.5
259.5
265.3
271.3
283.2
283.5
287.3
298.5
315.2
325.3
331.5
343.6
350.6
356.2
367.4
368.3
369.0
368.4
372.4
379.3
379.3
378.4
384.3
394.1
397.6
401.9
407.9
408.7
410.2
391.0
391.7
393.6
454.2
514.1
457.6
462.1
472.0
536.3
541.3
545.9
552.2
540.5
309.3
315.4
324.7
325.6
340.1
343.0
360.6
354.5
356.0
348.7
345.8
222.6

247.0
266.3
262.8
281.2
294.9
313.8
335.8
357.4
272.7
296.5
298.0
322.3
340.1
354.9
365.0
365.7
338.5
340.8
328.7
334.8
347.7
308.4
315.5
311.9
292.7
243.7
239.7
224.1
225.1
299.7
301.5
317.1
329.0
340.0
843.1
872.4
828.7
848.9
888.2
989.3
1,041.1
1,036.9
1,042.6
1,149.8
979.1
961.8
1,103.8
1,095.8
1,151.2
1,250.0
1,286.3
1,143.0
1,126.6
1,171.6
1,310.2

162.2
65.9
82.8
85.1
86.1
100.8
112.0
119.2
119.5
122.1
140.8
151.1
153.7
164.7
162.9
170.1
187.5
190.2
192.1
191.2
189.1
187.5
190.0
187.2
182.4
168.4
167.8
179.4
185.1
184.8
176.8
165.3
171.5
176.9
179.4
193.8
201.7
190.8
184.0
192.3
194.8
197.5
198.1
187.3
181.6
181.8
189.1
209.4
218.7
197.3
204.3
216.3
213.3
203.1
210.1

1,419.1
1,204.2
1,239.3
1,520.0
1,559.1
1,990.4
2,029.2
1,796.7
1,862.1
1,991.0
2,397.0
2,683.6
2,882.5
2,948.9
2,922.9
3,237.7
3,282.4
3,197.5
3,215.2
3,341.6
3,366.2
3,339.3
3,237.1
3,112.8
2,952.2
2,959.8
3,042.1
3,406.0
3,611.7
3,256.5
3,326.7
3,553.3
3,676.1
3,836.1
4,346.1
5,482.8
5,825.7
5,947.8
5,888.7
6,488.4
6,474.1
6,715.4
6,841.2
7,203.3
6,752.0
7,046.4
7,900.8
9,527.1
9,785.1
9,321.6
9,361.2
10,072.8
8,469.9
8,319.0
8,861.8

205.4
218.3
222.0
237.9
505.3
251.4
226.8
224.9
237.3
235.1
229.3
236.6
225.0
230.9
237.9
241.6
242.4
233.6
211.9
215.0
221.2
227.8
226.7
232.1
208.5
205.7
203.6
205.5
209.8
213.6
193.0
191.0
185.4
189.4
186.2
187.5
175.9
184.8
214.3
215.1
230.1
226.7
199.4
209.6
220.5
228.9
229.5
226.0
200.1
197.5
206.4
206.3
206.3
207.5
182.1

9,572.2
10,092.5
10,872.4
11,645.9
12,611.5
12,279.7
11,994.5
11,740.6
12,668.4
12,498.5
12,097.6
12,339.3
13,295.9
13,843.6
14,171.6
14,627.3
14,802.5
14,348.2
14,562.3
15,146.7
15,787.6
14,689.2
14,777.5
15,455.4
15,261.3
15,106.9
15,347.9
15,591.0
16,266.3
16,244.7
16,133.1
16,254.8
15,918.2
15,226.2
14,869.4
15,019.7
15,733.8
16,692.7
19,975.7
20,076.1
22,023.3
21,769.8
21,259.0
23,003.6
23,974.8
23,007.2
23,035.3
22,336.2
22,592.8
22,036.9
22,541.7
22,468.2
22,822.1
22,919.0
22,775.1

188.9
189.7
187.3
185.6
182.2
163.6
161.2
159.2
154.4
159.1
7.1
6.9
6.6
6.5
6.4
6.5
6.5
6.4
6.4
6.4
6.3
6.3
6.3
6.3
6.3
6.3
6.2
6.3
6.5
6.9
1.6
1.5
1.5
1.5
1.5
1.4
1.4
1.4
1.4
1.4
109.6
1.2
1.2
1.2
1.4
1.3
1.3
1.3
1.3
1.2
1.2
1.1
1.1
1.1
1.1

22,530.1
22,150.7
20,726.0
20,594.7
20,179.3
21,253.1
20,607.0
19,709.3
19,322.3
19,929.3
19,768.1
19,118.6
17,798.8
17,420.8
16,029.4
16,622.7
16,696.5
16,424.3
16,359.4
16,193.6
16,391.3
16,133.0
16,091.7
15,843.5
16,165.9
16,194.3
15,108.7
15,816.6
17,269.1
19,082.2
20,379.0
18,661.8
18,196.3
18,200.0
17,302.1
17,259.1
16,389.3
16,493.0
15,562.0
14,712.8
13,332.1
8,944.5
10,296.4
10,975.8
14,806.6
12,418.9
12,415.0
13,480.1
12,638.1
11,925.4
8,760.8
8,191.6
6,845.6
6,328.8
8,410.2

1.1
1.2
1.3
1.5
1.5
1.4
1.5
1.6
1.5
1.4
1.3
1.4
1.3
1.3
1.2
1.3
1.2
1.3
1.2
1.2
1.2
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.2
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.1
1.1
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.1
1.2
1.1
1.1
1.1
1.1
1.1
1.1
1.1
1.1

7,647.0
10,525.0
14,905.8
20,765.1
19,473.3
17,624.9
22,548.4
24,737.0
22,353.8
18,780.7
15,758.4
16,798.4
13,330.3
13,476.5
10,585.5
12,533.3
12,341.6
13,540.0
11,798.6
10,463.2
10,106.4
10,817.8
10,886.5
9,290.8
8,080.1
7,207.9
7,373.1
8,329.0
9,494.9
10,310.7
8,750.8
9,931.5
9,212.5
6,641.3
8,245.5
6,551.6
6,842.1
6,968.1
11,167.1
9,488.5
11,768.3
11,232.8
6,959.9
5,375.3
6,486.2
5,654.7
7,311.3
5,903.3
6,098.6
7,380.2
6,672.5
7,404.7
7,009.9
5,387.0
5,587.9

1.1

6,721.8

el clculo de las reservas internacionales de


Direccin del Tesoro Nacional y con otras entidades.
dentro del activo pero con signo contrario, y se

pensiones y cesantas y otros auxiliares financieros

TIEMPO

AO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

1998

1999

2000

2001

PERIODO
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.

OTROS ACTIVOS
416
262
337
303
322
123
211
315
620
195
140
336
358
-894
283
256
252
219
264
213
480
200
216
322
355
321
555
1,047
722
856
730
1,168
1,658
1,130
1,097
913
402
-964
428
603
457
523
500
510
507
480

47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93

2002

2003

2004

2005

Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.

501
910
896
-323
903
894
905
927
943
989
1,010
980
976
1,083
1,126
1,129
1,132
1,096
1,101
1,132
1,120
1,147
1,103
1,096
1,134
1,152
1,166
1,131
1,111
1,128
1,153
1,176
1,167
1,157
1,143
1,185
1,237
1,230
1,214
1,168
1,152
1,164
1,153
1,171
1,191
1,154
1,193

94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140

2006

2007

2008

2009

Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.

1,250
1,225
1,250
1,226
1,205
1,217
1,234
1,251
2,448
1,332
1,237
1,275
1,265
1,265
1,330
1,297
1,277
1,273
1,365
1,175
1,285
1,273
1,346
1,312
1,259
1,301
1,353
2,018
1,956
1,933
1,915
1,964
2,106
2,074
2,180
2,293
1,648
1,607
1,607
1,815
1,874
1,833
1,746
1,710
1,745
1,693
-135

2010

2011

2012

2013

Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.
Mar.
Abr.
May.
Jun.
Jul.
Ago.
Sep.
Oct.
Nov.
Dic.
Ene.
Feb.

-234
-289
-273
-311
-261
-191
-266
-238
-5
78
87
-22
-80
1,734
-110
-48
-45
-73
-77
-11
-14
43
-126
-105
-161
-289
-291
-24
62
50
54
69
110
-54
-24
-55
115
97
95
188
283
308

3,000

2,500

2,000

1,500

1,000

500

0
1
3
5
7
9
11
13
15
17
19

141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187

-500

-1,000

-1,500

188
189
190
191

-1,500

17
19
21
23
25
27
29
31
33
35
37
39
41
43
45
47
49
51
53
55
57
59
61
63
65
67
69
71
73
75
77
79
81
83
85
87

y = 1E-08x6 - 5E-06x5 + 0.0009x4 - 0.0775x3 + 3.118x2 - 39.631x + 374.34


R = 0.625

Tabla
Periodo/proyeccion Otros activos/
equivalencia.

85
87
89
91
93
95
97
99
101
103
105
107
109
111
113
115
117
119
121
123
125
127
129
131
133
135
137
139
141
143
145
147
149
151
153

153
155
157
159
161
163
165
167
169
171
173
175
177
179
181

Series1

Poly. (Series1)