half, NCDs issued by deposit-taking institutions grew by 16.4%, from $11,483 million to $13,365 million, compared with a growth rate of 28.9% during the second half of 1982.
Secondly, the limited specification of local NCDs issued by
banks and licensed (but not registered) deposit-taking companies as liquid assets, which commenced on 1 April, also
led to a larger proportion of them being held by deposit-taking institutions and a smaller proportion being held outside the monetary sector. At the end of March 1983,
this proportion was slightly less than 50%. By the end June, the proportion had increased to almost 54%(9).
Loans and advances
3.8
Total loans and
advances extended by banks and
deposit-taking companies grew by 8.9% during the first half of
Bank loans grew by 8.4%. Largely reflecting the upgrading of eight deposit-taking companies from registered to
1983.
(9)
/licensed
...
As at end
of
Local NCDs issued
by banks and licensed (but not
registered) dtcs
($mn)
Held by
banks and
Held outside
the
dtcs
monetary sector
($mn)
($mn)
1982 Dec
10,029
5,040
4,989
1983 Mar
10,330
5,141
5,189
Jun
11,389
6,123
5,266
27
Page 255Page 256