THE State Bank of Pakistan conducted its sale of Treasury bills/ Pakistan  Investment Bonds  through Reverse Repo OMO (Injection) contract on December 14, 2012.

Number of OMO bids offered was 38 with a seven day tenor (Reverse Repo). Number of bids accepted was 32. Amount offered was Rs635.85bn. Amount accepted was Rs615.00bn and the rate of return was 9.01 per cent.

According to the Statement of Affairs of the SBP, for the week ended December 7, 2012, both notes in circulation and those issued increased in the week. Notes in circulation stood at Rs2035.030bn against earlier week’s figure of Rs1982.426bn, a rise of Rs52.604bn. When compared to the corresponding week a year ago when it was Rs1781.327bn, the current week’s figure is higher by Rs253.703bn.

Total notes issued also increased in the current week over preceding week’s level. At Rs2035.192bn it was higher by Rs52.584bn over the figure of Rs1982.608bn recorded a week earlier. In the corresponding week last year it amounted to Rs1781.524bn, which shows current week’s figure to be higher by Rs253.668bn over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs204.182bn, lower by Rs17.65bn over preceding week’s figure of Rs221.832bn. When compared to the corresponding week a year ago, when the figure was Rs473.300bn, the current week’s figure is lower by Rs269.118bn.

Balances held abroad in approved foreign exchange increased in the week under review. It stood at Rs636.794bn over preceding week’s figure of Rs635.112bn, a rise of Rs1.682bn. Compared to last year’s corresponding figure of Rs658.110bn, the current week’s figure is smaller by Rs21.316bn.

Loans and advances of scheduled banks to the three sectors — agricultural, industrial and export showed a mixed trend in the week under review. The agricultural sector received Rs52.238bn against preceding week’s figure of Rs52.219bn, a rise of Rs0.019bn. The current week’s figure is higher by Rs0.101bn over last year’s corresponding figure of Rs52.137bn.

The Industrial Sector received Rs40.576bn against preceding week’s Rs40.476bn, higher by Rs0.1bn. Current week’s figure was lower by Rs0.805bn, over last year’s comparable figure of Rs41.381bn.

Loan and advances to export sector were Rs181.757bn, higher by Rs1.967bn, over previous week’s figure of Rs179.790bn.

Current week’s figure was lower by Rs3.519bn, compared to last year’s corresponding figure of Rs185.276bn In the week ended December 7, 2012, deposits and other accounts of all scheduled banks decreased and stood at Rs6481.397bn, smaller by Rs32.132bn over preceding week’s figure of Rs6513.529bn. Compared with last year’s corresponding figure of Rs5474.800bn, the current week’s figure is larger by Rs1006.597bn. During the current week, commercial banks deposits showed a fall of Rs32.151bn over the week to Rs6468.078bn, against preceding week’s Rs6500.2bn. Specialised banks deposits stood at Rs13.318bn, against previous week’s Rs13.300bn.

According to the weekly statement of position of all scheduled banks for the week ended December 7, 2012, borrowings by all scheduled banks increased in the week. It rose to Rs949.936bn over preceding week’s figure of Rs934.917bn, or by Rs15.019bn.

Compared to last year’s corresponding figure of Rs757.767bn, current week’s figure is higher by Rs192.169bn.

Commercial banks borrowings rose to Rs872.433bn against previous week’s Rs857.532bn, or by Rs14.901bn. Borrowings by Specialised banks stood at Rs77.502bn, against preceding weeks Rs77.385bn.

Other liabilities of all scheduled banks stood at Rs367.224bn, against preceding week’s Rs368.885bn, showing a fall of Rs1.661bn. Compared with last year’s corresponding figure of Rs291.191bn, the current week’s figure is higher by Rs76.033bn.

Gross advances stood at Rs3780.436bn in the week under review, a fall of Rs12.644bn over preceding week’s figure of Rs3793.080bn. Compared to last year’s corresponding figure of Rs3361.590bn, current week’s figure is higher by Rs418.846bn.

In the week under review, advances by commercial banks fell to Rs3661.614bn against earlier week’s figure of Rs3674.192bn, or by Rs12.578bn. Advances of Specialised banks stood at Rs118.821bn.

Investments of all scheduled banks stood at Rs3797.599bn, against preceding week’s figure of Rs3784.589bn, an increase of Rs13.01bn. Compared to last year’s corresponding figure of Rs2998.320bn, current week’s figure is larger by Rs799.279bn. In the current week, commercial banks investment stood at Rs3773.9bn, against preceding week’s figure of Rs3760.451bn, a rise of Rs13.481bn. Specialised banks investment stood at Rs23.6bn.

Cash and balances with treasury banks of all scheduled banks decreased by Rs39.117bn during the week to stand at Rs531.368bn against earlier week’s Rs570.485bn.

Current week’s figure is higher by Rs56.668bn compared to last year’s corresponding figure of Rs474.700bn. In the current week, the figure for commercial banks stood at Rs528.821bn against preceding week’s figure of Rs567.944bn, a fall of Rs39.123bn, while of Specialised banks it stood at Rs2.547bn, against preceding week’s Rs2.540bn.

Balances with other banks increased to Rs168.193bn against Rs133.0bn in the previous week, or by Rs35.159bn. It was higher by Rs4.803bn against Rs163.390bn in the corresponding week last year. Balances of all commercial banks stood at Rs162.415bn, a rise of Rs33.926bn over preceding week’s figure of Rs128.489bn. Balances of Specialised banks stood at Rs5.778bn.

Total assets of scheduled banks stood at Rs8837.200bn, smaller by Rs9.981bn, over preceding week’s figure of Rs8847.181bn. Current week’s figure was higher by Rs1383.743bn compared to last year’s corresponding figure of Rs7453.457bn. In the current week, commercial banks assets stood at Rs8686.810bn, smaller by Rs10.342bn over previous week’s figure of Rs8697.152bn, while that of specialised banks it stood at Rs150.390bn.

Net assets of all scheduled banks stood at Rs881.715bn against preceding week’s figure of Rs874.499bn, showing a rise of Rs7.216bn. Current week’s figure was higher by Rs99.038bn compared to last year’s corresponding figure of Rs782.677bn. The figure for commercial banks stood at Rs869.425bn, higher by Rs6.998bn over preceding week’s figure of Rs862.427bn. Specialised bank’s net assets stood at Rs12.290bn, against previous week’s Rs12.072bn.