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APPENDICES
APPENDIX 13
(Chapter 6: Financial and Monetary Affairs)
Money Supply
$ Million
1990
As at end of year
1991
1992
HKS
Foreign currency
Foreign
Total
HK$
currency
Total
HK$
Foreign currency
Total
Legal tender coins and notes in circulation
Commercial bank issues (A)
40,886
40,886
46,506
46,506
58,226
58,226
The Hongkong and Shanghai Banking
Corporation Limited
34,764
34,764
40,194
40,194
50,644
50,644
Standard Chartered Bank
6,122
6,122
6,312
6,312
7,582
7,582
Government issues (B)
2,375
2,375
2,671
2,671
2,931
2,931
One thousand-dollar gold coins
372
372
372
372
372
372
Five-dollar coins
667
667
790
790
866
866
Two-dollar coins
502
502
589
589
695
695
One-dollar coins
452
452
495
495
543
543
381
381
424
424
454
454
1
1
1
1
Subsidiary coins
One-cent notes
Authorised institutions' holdings of legal
tender coins and notes (C)
5,568
5,568
6,569
6,569
8,985
I
8,985
Legal tender coins and notes in hands of
public (A+B-C)=(D)
37,693
37,693
42,608
42,608
52,172
52,172
Demand deposits with licensed banks (E)
Time deposits with licensed banks (F)§
54,132
15,683 69,815
275,692 577,940 853,632 (207,959) (645,673)
69,161 16,728 85,889
281,979 629,512 911,491 (241,744) (669,747)
87,307 16,078 103,385
329,363 662,763 992,126 (270,673) (721,453)
Negotiable certificates of deposit issued by licensed banks (other than those held by authorised institutions) (G)
Savings deposits with licensed banks (H)
Deposits with restricted licence banks and deposit-taking companies (1)
12,682
4,557 17,238
159,468 72,204 231,672
13,006
3,944 16,950
229,287 84,764 314,052
13,357 3,859 17,216
244,792 109,085 353,878
30,822 45,329 76,152
23,734 39,440
63,174
22,592 31,125 53,718
Negotiable certificates of deposit issued by
restricted licence banks and deposit-taking companies (other than those held by authorised institutions) (J)
725
1,101 1,826
341
2,837 3,178
692 1,078 1,770
Money supply
Definition 1 (D+E)
Definition 2 (D+E+F+G+H)§
Definition 3 (D+E+F+G+H+I+J)§
571,215 716,813 1,288,028 (503,482) (784,546)
139,479 16,078 155,557
726,992 791,785 1,518,777 (668,302) (850,475)
750,276 823,989 1,574,265 (691,586) (882,679)
Note: § 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.
91,826 15,683 107,509
539,667 670,383 1,210,050 (471,934) (738,116)
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)