MONDAY, JANUARY 6, 1986
NOVEMBER MONETARY STATISTICS RELEASED
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HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS CONTINUED TO GROW IN NOVEMBER, ACCORDING TO MONETARY STATISTICS PUBLISHED TODAY. THE INCREASE IN FOREIGN CURRENCY DEPOSITS REMAINED FASTER THAN HONG KONG DOLLAR DEPOSITS.
MONEY SUPPLY ON ALL DEFINITIONS INCREASED, WITH THE TOTAL MONEY SUPPLY INCREASING MORE RAPIDLY THAN THE CORRESPONDING HONG KONG DOLLAR COMPONENTS,
LOAN DEMAND INCREASED MODERATELY IN NOVEMBER. LOANS TO FINANCE VISIBLE TRADE OF HONG KONG REVERSED THE FALLING TREND AND WERE UP MARGINALLY: OTHER LOANS FOR USE IN HONG KONG INCREASED MORE RAPIDLY.
DEPOSITS
HONG KONG DOLLAR DEPOSITS INCREASED BY 0.4 PER CENT IN NOVEMBER, FOLLOWING AN INCREASE OF 1.5 PER CENT IN OCTOBER.
IN THE THREE MONTHS TO NOVEMBER HONG KONG DOLLAR DEPOSITS GREW BY 1.9 PER CENT AND OVER THE 12 MONTHS THE GROWTH RATE WAS 12.1 PER CENT.
FOREIGN CURRENCY DEPOSITS CONTINUED TO GROW RAPIDLY IN NOVEMBER BY 2.8 PER CENT, AFTER HAVING INCREASED BY 2.5 PER CENT IN OCTOBER. IN THE THREE MONTHS TO NOVEMBER FOREIGN CURRENCY DEPOSITS GREW BY 7.3 PER CENT AND OVER THE 12 MONTHS THE GROWTH RATE WAS 37.1 PER CENT.
FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 1.8 PER CENT IN NOVEMBER, REVERSING THE DECLINE OF 1.3 PER CENT IN OCTOBER. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW SLIGHTLY FASTER, AT 0.5 PER CENT IN NOVEMBER AND 2.0 PER CENT IN THE THREE MONTHS TO NOVEMBER FOREIGN CURRENCY DEPOSITS, ON THE OTHER HAND, GREW AT 2.9 PER CENT IN NOVEMBER, THE SAME AS IN OCTOBER, AND AT 7.9 PER CENT IN THE THREE MONTHS TO NOVEMBER.
DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 2.0 PER CENT IN NOVEMBER FOLLOWING AN INCREASE OF 2.5 PER CENT IN OCTOBER: TOTAL DEPOSITS WITH DEPOSIT-TAKING COMPANIES WERE VIRTUALLY UNCHANGED IN NOVEMBER AFTER HAVING DECREASED BY 0.2 PER CENT IN OCTOBER. IN THE THREE MONTHS TO NOVEMBER, THE GROWTH OF TOTAL DEPOSITS WITH BANKS, AT 5.7 PER CENT, WAS MORE RAPID THAN THOSE WITH DEPOSIT-TAKING COMPANIES, AT A MODEST 0.4 PER CENT. OVER THE 12 MONTHS, THE GROWTH OF DEPOSITS WITH BANKS WAS 27.2 PER CENT, WHILE THAT OF DEPOSITS WITH DEPOSIT-TAK ING COMPANIES WAS 11.0 PER CENT,
PHONG KING