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APPENDICES
APPENDIX 13
(Chapter 6: Financial and Monetary Affairs)
Money Supply
$ Million
1989
HK$
Foreign currency
Total
HK$
As at end of year
1990 Foreign currency
1991
Foreign
Total
HK$ currency
Total
Legal tender coins and notes in circulation
Commercial bank issues (A)
37,286
37,286 40,886
40,886
46,506
46,506
The Hongkong and Shanghai Banking
Corporation Limited
31,264
31,264
34,764
34,764
40,194
40,194
Standard Chartered Bank
6,022
6,022
6,122
6,122
6,312
6,312
Government issues (B)
2,384
2,384
2,375
2,375
2,671
2,671
One thousand-dollar gold coins
372
372
372
372
372
372
Five-dollar coins
679
679
667
667
790
790
Two-dollar coins
522
522
502
502
589
589
One-dollar coins
433
433
452
452
495
495
377
377
381
381
424
424
1
1
1
1
1
1
Subsidiary coins
One-cent notes
Authorised institutions' holdings of legal
tender coins and notes (C)
5,478
5,478
5,568
5,568
6,569
V
6,569
Legal tender coins and notes in hands of
public (A+B-C)=(D)
34,192
34,192
37,693
37,693
42,608
42,608
Demand deposits with licensed banks (E)
Time deposits with licensed banks (F) #
Negotiable certificates of deposit issued by licensed banks (other than those held by authorised institutions) (G)
50,992 9,675
234,847 448,955 683,802 (171,725) (512,077)
60,666
54,132 15,683
69,815
69,161 16,728 85,889
275,692 577,940 853,632 (207,959) (645,673)
281,979 629,512 911,491 (241,744) (669,747)
Savings deposits with licensed banks (H)
135,413
-11,665 5,325
57,773 193,186
16,990
12,682 4,557 17,238
159,468 72,204 231,672
13,006 3,944 16,950
229,287 84,764 314,052
Deposits with restricted licence banks and deposit-taking companies (I)
29,511
40,493 70,004
30,822 45,329 76,152
23,734 39,440 63,174
Negotiable certificates of deposit issued by
restricted licence banks and
deposit-taking companies (other than those held by authorised institutions) (J)
879
488 1,367
725 1,101 1,826
341 2,837 3,178
Money supply
Definition 1 (D+E)
Definition 2 (D+E+F+G+H) #
Definition 3 (D+E+F+G+H+I+J) #
85,183 9,675 94,858
467,109 521,727 988,836 (403,987) (584,849)
497,498 562,709 1,060,207 (434,376) (625,831)
91,826 15,683 107,509
539,667 670,383 1,210,050 (471,934) (738,116)
$71,215 716,813 1,288,028 (503,482) (784,546)
111,769
16,728 128,497
636,042 734,948 1,370,990 (595,808) (775,182)
660,117 777,225 1,437,342 (619,882) (817,460)
# Adjusted for foreign currency swap deposits. Unadjusted figures are shown in brackets. Foreign currency swap deposits are deposits involving customers buying foreign currencies in the spot market and placing them as deposits with authorised institutions, while at the same time entering into a forward contract to sell such foreign currencies (principal plus interest) upon maturity of such deposits. For most analytical purposes, they should be regarded as Hong Kong dollar deposits.