DEPOSIT-TAKING COMPANIES
- 2
THURSDAY, SEPTEMBER 4, 1980
DEPOSITS
29 859
30 634 (-2.5%)
LOANS AND ADVANCES
IN HONG KONG
23 987
23 021 (+4.2%)
30 994 (-3.7%)
17 581 (+36.4%)
18 835 (58.5%)
11 108 (+115.9%)
LOAN/DEPOSIT RATIO
80.3%
75.1%
56.7%
59.0%
AVERAGE LIQUIDITY
46.2%
44.2%
41.9%
RATIO
BANKS AND DEPOSIT-
TAKING COMPANIES:
TOTAL CREDIT TO
THE ECONOMY
97 709
96 582 (+1.2%)
89 605 (+9.0%)
65 998 (+48,0%)
* THESE FIGURES ARE RECALCULATED TO EXCLUDE BANKS' LIABILITIES TO, AND CLAIMS ON, DEPOSIT-TAKING COMPANIES.
THE STATUTORY REQUIREMENT FOR DEPOSIT-TAKING COMPANIES TO OBSERVE A MINIMUM LIQUID ASSETS RATIO CAME INTO FORCE ON JANUARY 1, 1980.
MONEY SUPPLY
THE MONEY SUPPLY ON THE NARROWEST DEFINITION, M1 (NOTES AND COINS WITH THE PUBLIC, PLUS DEMAND DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) ROSE BY 2.6 PER CENT IN JULY, WELL DOWN FROM AN 8.6 PER CENT INCREASE IN JUNE.
M2 (M1 PLUS SAVINGS AND TIME DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) ROSE BY 2.4 PER CENT, SHARPLY REDUCED FROM THE RISE OF 9.3 PER CENT IN JUNE.
M3 (M2 PLUS PUBLIC DEPOSITS WITH DEPOSIT-TAKING COMPANIES) ROSE BY 1.1 PER CENT IN JULY, DOWN FROM A 6.5 PER CENT INCREASE IN JUNE: THIS REFLECTED A FURTHER REDUCTION IN DEPOSITS WITH DEPOSIT-TAKING COMPANIES DURING THE MONTH. IN THE LAST THREE MONTHS, M3 ROSE BY 11.6 PER CENT.
/CREDIT TO