Table 19
Principal Banks' Interest Rates, 1974-1976
(% per annum)
Best
7 days' call
I
3
6
12
month*
months
months
months
Savings lending deposits
rate
With effect from:
4 Jul 1974
81
81
9
9
9
4
101
16 Jul 1974
94
10
101
101
104
4
12
1 Aug 1974
91
10
104
101
101
5
12
30 Oct 1974
9
91
94
91
92
5
111
20 Nov 1974
81
81
91
91
91
5
11
27 Nov 1974
71
8
9
91
91
5
101
28 Nov 1974
6
62
81
13 Dec 1974
5
16 Dec 1974
411
1 Jan 1975.
44†
19 Feb 1975
411
22 Feb 1975
411
65511
71
St
6
a ∞ t
9
5
101
8
81
5
93
7
71
5
9
5+
6
7
71
41
9
512
64
7
41
81
44
51
6
44
7
1 Mar 1975
44
44
51
6
3 1/2
7
8 Mar 1975
24
31
41
51
34
64
12 Mar 1975
3 Aug 1976
21 2
31
41
51
2호
61
22
4
5
2
6
⚫ introduced on 10 September 1973.
† rates apply to deposits lodged before 16 December 1974: no further funds were accepted for deposit at 7 days' call
or for one month on or after this date.
the 7 days' call was re-introduced.
Analysis of Banks' Deposits, 1974–1976
Table 20
(HK$ million)
Demand
Time
Savings
Total
As at end of quarter:
1974 1st quarter
8,530
11,204
7,905
27,639
2nd quarter
8,883
11,503
8,375
28,751
3rd quarter
8,551
13,423
7,199
29,173
4th quarter
8,161
14,200
8,637
30,998
1975 1st quarter
8,545
13,717
10,275
32,537
2nd quarter
9,070
13,396
11,669
34,135
3rd quarter
9,671
13,263
12,130 ·
35,054
4th quarter
9,911
13,629
12,803
36,343
1976 1st quarter
9,784
14,755
13,471
38,010
2nd quarter
10,303
15,029
14,359
39,691
3rd quarter
11,050
15,503
14,979
41,532
4th quarter
11,643
16,447
15,940
44,030
***