LEN
WEDNESDAY, OCTOBER 2, 1985
TOTAL MONEY SUPPLY
TOTAL MONEY SUPPLY ON ALL DEFINITIONS CONTINUED TO RISE IN AUGUST. TOTAL M1 INCREASED BY 2.8 PER CENT, TOTAL M2 BY 1.9 PER CENT AND TOTAL M3 BY 1.8 PER CENT. THE CORRESPONDING GROWTH RATES IN JULY WERE 1.4 PER CENT, 1.9 PER CENT AND 2.3 PER CENT.
IN THE THREE MONTHS TO AUGUST, TOTAL M1 GREW BY 9.4 PER CENT, TOTAL M2 BY 5.2 PER CENT AND TOTAL M3 BY 5.9 PER CENT, OVER THE 12 MONTHS TO AUGUST, THE CORRESPONDING GROWTH RATES WERE 38.6 PER CENT, 27.8 PER CENT AND 24.0 PER CENT.
LOANS AND ADVANCES
LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES RECORDED A MARGINAL INCREASE OF 0.1 PER CENT, MAKING UP THE DECLINE OF 0.1 PER CENT IN JULY. IN THE THREE MONTHS TO AUGUST THESE GREW BY 0.4 PER CENT AND OVER THE 12 MONTHS BY 5.4 PER CENT.
WITHIN THE TOTAL, LOANS TO FINANCE VISIBLE TRADE OF HONG KONG DECLINED FOR THE FOURTH CONSECUTIVE MONTH, BY 0.7 PER CENT IN AUGUST, FOLLOWING A FALL OF 1.8 PER CENT IN JULY. IN THE THREE MONTHS TO AUGUST, THESE LOANS FELL BY 4.4 PER CENT AND OVER THE 12 MONTHS BY 6.9 PER CENT.
OTHER LOANS FOR USE IN HONG KONG, HOWEVER, CONTINUED TO GROW BY 0.1 PER CENT, FOLLOWING A 0.7 PER CENT INCREASE IN JULY. IN THE THREE MONTHS TO AUGUST, THEY ROSE BY 1.6 PER CENT AND OVER THE 12 MONTHS BY 7.4 PER CENT.
LIQUIDITY RATIOS
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S.18 OF THE BANKING ORDINANCE) FOR ALL BANKS FELL MARGINALLY TO 49.1 PER CENT IN AUGUST FROM 49.5 PER CENT IN THE PREVIOUS MONTH. THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S.24A OF THE DEPOSIT-TAKING COMPANIES ORDINANCE) FOR ALL DEPOSIT-TAKING COMPANIES ALSO FELL 00 40.5 PER CENT FROM 41.8 PER CENT A MONTH EARLIER.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBERS OF REPORTING LICENSED BANKS AND LICENSED DEPOSIT-TAKING COMPANIES WERE UNCHANGED AT 141 AND 34 RESPECTIVELY. THE NUMBER OF REPORTING REGISTERED DEPOSIT-TAKING COMPANIES FELL BY 2 TO 284.
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