When analysing credit extended by monetary institutions, attention is usually focused on the changes in items on the consolidated balance sheet of these institutions. Special attention is given to changes in the domestic private sector's indebtedness to the monetary sector and to the rate of growth over twelvemonth periods in this balance-sheet total. Further analyses may relate to this credit aggregate's seasonally adjusted growth rates over periods of less than twelve months, as well as the separate movements displayed by each of the main types of credit, namely mortgage advances, bills discounted, investments, instalment sale credit, leasing finance, and other loans and advances.Valuable information can also be obtained by studying the various flows underlying the credit balances, provided of course that the data are available. Such an integrated analysis of flows and balances is in conformity with the broad thrust of the 1993 System of National Accounts and the IMF's draft Manual on Monetary and Financial Statistics.