DEPOSITS
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4
SATURDAY, SEPTEMBER 29, 1984
HONG KONG DOLLAR DEPOSITS ROSE BY 2.6 PER CENT IN AUGUST,
THEY SHOWED AN INCREASE AGAINST A FALL OF ONE PER CENT IN JULY.
F 3.3 PER CENT OVER THE THREE MONTHS TO AUGUST, AND 27.2 PER CENT OVER THE 12 MONTHS.
FOREIGN CURRENCY DEPOSITS INCREASED MARGINALLY, BY 0.4 PER CENT. IN THE THREE MONTHS TO AUGUST, THE INCREASE WAS FOUR PER CENT AND OVER THE 12 MONTHS THE INCREASE WAS 23.7 PER CENT.
TOTAL DEPOSITS WITH BANKS ROSE BY 1.7 PER CENT IN AUGUST, AGAINST A FALL OF TWO PER CENT IN JULY, WHILE TOTAL DEPOSITS WITH DEPOSIT-TAKING COMPANIES INCREASED BY ONLY 0.8 PER CENT, COMPARED WITH AN INCREASE OF 7.7 PER CENT IN JULY.
THUS THE SHIFT IN DEPOSITS FROM BANKS TO DEPOSIT-TAK ING COMPANIES OBSERVED IN EARLIER MONTHS CAME TO A HALT IN AUGUST.
HOWEVER, REFLECTING THE SHIFT IN EARLIER MONTHS, THE GROWTH RATE OF TOTAL DEPOSITS WITH BANKS IN THE THREE MONTHS TO AUGUST, AT 0.9 PER CENT, WAS STILL MUCH BELOW THAT OF TOTAL DEPOSITS WITH DEPOSIT-TAKING COMPANIES, AT 14.8 PER CENT.
HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS INCREASED, WITH HK$M1 (THE NARROWEST DEFINITION) RISING BY 1.8 PER CENT,
THESE WERE IN HK$M2 BY 3.4 PER CENT AND HK$M3 BY 2.6 PER CENT. CONTRAST TO THEIR RESPECTIVE DECREASES OF 5.7 PER CENT, 3.6 PER CENT AND 1.3 PER CENT IN JULY.
IN THE THREE MONTHS TO AUGUST, HK$M1 WAS 3.3 PER CENT LOWER, WHILE HK$M2 AND HK$M3 ROSE BY 0.8 PER CENT AND 2.9 PER CENT RESPECTIVELY. THEIR CORRESPONDING INCREASES OVER THE 12 MONTHS WERE FIVE PER CENT, 15.9 PER CENT AND 24.6 PER CENT.
TOTAL MONEY SUPPLY
INCREASES OF TWO PER CENT, 1.7 PER CENT AND 1.5 PER CENT WERE RECORDED FOR TOTAL M1, TOTAL M2 AND TOTAL M3 RESPECTIVELY IN AUGUST, AGAINST THE IR CORRESPONDING DECREASES OF 4.6 PER CENT, TWO PER CENT AND 0.1 PER CENT IN JULY,
IN THE THREE MONTHS TO AUGUST, TOTAL M1 FELL BY 1.8 PER CENT, WHILE TOTAL M2 AND TOTAL M3 ROSE 0.9 PER CENT AND 3.5 PER CENT RESPECTIVELY. OVER THE 12 MONTHS, THE CORRESPONDING GROWTH RATES WERE 7.1 PER CENT, 16 PER CENT AND 24.3 PER CENT.
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