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TUESDAY, FEBRUARY 8, 1983
TOTAL MONEY SUPPLY
TOTAL M1 FELL FURTHER BY 2.1 PER CENT IN DECEMBER AFTER FALLING BY 1.5 PER CENT IN NOVEMBER. TOTAL M2 AND TOTAL M3, HOWEVER, GREW BY 2.8 PER CENT AND 2.1 PER CENT RESPECTIVELY, IN CONTRAST TO
IN THE THE CORRESPONDING FALLS OF 0.7 PER CENT AND 0.2 PER CENT. THREE MONTHS TO DECEMBER, TOTAL M1 FELL BY 2.2 PER CENT WHILE TOTAL M2 AND TOTAL M3 GREW BY SIX PER CENT AND 5.1 PER CENT RESPECTIVELY. IN THE TWELVE MONTHS TO DECEMBER, THE CORRESPONDING GROWTH RATES WERE 9.3 PER CENT, 77.1 PER CENT AND 42.3 PER CENT.
LOANS AND ADVANCES
TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES TO FINANCE VISIBLE TRADE ROSE FAIRLY SHARPLY BY FOUR PER CENT IN DECEMBER AFTER FALLING MARGINALLY BY 0.4 PER CENT IN NOVEMBER. IN THE THREE MONTHS TO DECEMBER, THE INCREASE WAS FIVE PER CENT AND IN THE 12 MONTHS TO DECEMBER THE INCREASE WAS 20.4 PER CENT. OTHER LOANS FOR USE IN HONG KONG GREW AT A MODEST RATE OF
IN THE ONE PER CENT, COMPARED WITH 0.9 PER CENT IN NOVEMBER. THREE MONTHS TO DECEMBER, THE INCREASE WAS 3.9 PER CENT AND OVER THE TWELVE MONTHS THE INCREASE WAS 30.6 PER CENT.
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR
IN THE FOURTH QUARTER, LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES TO THE MANUFACTURING SECTOR ROSE BY 2.6 PER CENT, WHILE THOSE TO THE BUILDING AND CONSTRUCTION SECTOR ROSE BY 6.4 PER CENT. LOANS TO THE WHOLESALE AND RETAIL TRADES ROSE ONLY MARGINALLY. BY 1.7 PER CENT. BORROWING BY INDIVIDUALS TO PURCHASE FLATS IN THE HOME OWNERSHIP SCHEME AND PRIVATE PARTICIPATION SCHEME ROSE SUBSTANTIALLY BY 10,8 PER CENT WHILE BORROWING TO PURCHASE OTHER RESIDENTIAL PROPERTY ROSE BY 5.7 PER CENT. LOANS TO FINANCIAL CONCERNS (OTHER THAN BANKS AND DEPOSIT- TAKING COMPANIES) AND TO STOCKBROKERS, HOWEVER, DECLINED CONSIDERABLY BY 8.6 PER CENT AND 14.3 PER CENT RESPECTIVELY.
FOREIGN CURRENCY ASSETS AND LIABILITIES
THERE WERE INCREASES IN DECEMBER OF $10.7 BILLION TO $565.6 BILLION IN THE SPOT FOREIGN CURRENCY LIABILITIES OF THE MONETARY SECTOR AND $8.3 BILLION TO $546.3 BILLION IN SPOT FOREIGN CURRENCY ASSETS. THUS, THE SECTOR AS A WHOLE HAD NET SPOT FOREIGN CURRENCY L'ABILITIES OF $19.3 BILLION AT THE END OF DECEMBER, COMPARED ITH $16.9 BILLION AT THE END OF NOVEMBER. WITHIN THE DECEMBER FIGURES. BANKS HAD NET LIABILITIES OF $11.5 BILLION AND DEPOSIT-TAKING COMPANIES HAD NET LIABILITIES OF $7.8 BILLION.
/THE MONETARY