TUESDAY, SEPTEMBER 7, 1982
4
IN THE LAST THREE MONTHS M1 ROSE BY 1.4 PER CENT, M2 BY
19.8 PER CENT AND M3 BY 10.9 PER CENT. OVER THE TWELVE-MONTH PERIOD THESE THREE AGGREGATES ROSE BY 9.9 PER CENT, 64.5 PER CENT AND 37.1 PER CENT RESPECTIVELY.
LOANS FOR USE IN HONG KONG
LOANS AND ADVANCES OUTSTANDING BY BANKS AND DEPOSIT-TAKING COMPANIES FOR USE IN HONG KONG GREW IN JULY BY 1.3 PER CENT, AFTER RISING BY 2.4 PER CENT IN JUNE. OVER THREE MONTHS THE INCREASE WAS 5.5 PER CENT, AND OVER TWELVE MONTHS 39.6 PER CENT.
WITHIN THE TOTAL, LOANS BY BANKS ROSE IN JULY BY 0.6 PER CENT AND THOSE BY DEPOSIT-TAKING COMPANIES BY 3.3 PER CENT, FOLLOWING INCREASES OF 2.5 PER CENT AND 2.2 PER CENT RESPECTIVELY IN THE PREVIOUS MONTH.
FOREIGN CURRENCY ASSETS AND LIABILITIES
THERE WERE INCREASES IN JULY OF $16.6BN., TO $485.6BN., IN THE SPOT FOREIGN CURRENCY LIABILITIES OF THE MONETARY SECTOR AND OF $13.1BN., TO $470.8BN., IN THE SPOT FOREIGN CURRENCY ASSETS. THUS, THE SECTOR AS A WHOLE HAD NET FOREIGN CURRENCY LIABILITIES AT THE END OF JULY OF $14.8BN. WITHIN THIS, BANKS HAD NET LIABILITIES OF $6.7BN., AND DEPOSIT-TAKING COMPANIES HAD NET LIABILITIES OF $8.2BN.
BALANCE SHEET RATIOS
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 18 OF THE BANKING ORDINANCE) FOR ALL BANKS IN HONG KONG FELL IN JULY TO 47.9 PER CENT FROM 48.7 PER CENT IN JUNE. THE RATIO OF THEIR LOANS FOR USE IN HONG KONG TO THEIR DEPOSITS FELL AGAIN, TO 78.6 PER CENT AT THE END OF JULY FROM 82.2 PER CENT AT THE END OF JUNE, PARTLY REFLECTING THE CONTINUING BRISK EXPANSION OF DEPOSITS WITH BANKS DURING THE MONTH.
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 24A OF THE DEPOS IT-TAKING COMPANIES ORDINANCE) FOR ALL DEPOSIT-TAKING COMPANIES ROSE TO 54.2 PER CENT IN JULY FROM 53.4 PER CENT IN JUNE. THE RATIO OF THE IR LOANS FOR USE IN HONG KONG TO THE R DEPOSITS ROSE FURTHER TO 99.1 PER CENT AT THE END OF JULY FROM 95.2 PER CENT AT THE END OF JUNE, PARTLY REFLECTING THE CONTINUED DECLINE IN THE IR DEPOSITS.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING BANKS ROSE BY ONE IN JULY TO 124. THE NUMBER OF LICENSED DEPOSIT-TAKING COMPANIES INCREASED BY ONE TO 15 AND THE NUMBER OF REGISTERED DEPOSIT-TAKING COMPANIES ROSE BY ONE TO 345.
/5