TUESDAY, JUNE 3, 1986 .
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HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR MONEY SUPPLY M1 ROSE BY 120.3 PER CENT AFTER DECREASING BY 2.0 PER CENT IN MARCH. HK$M2 AND HK$M3 ALSO INCREASED, BY 24.2 PER CENT AND 19.4 PER CENT RESPECTIVELY THIS MONTH. AS MENTIONED EARLIER, THESE UNUSUALLY HIGH GROWTH RATES RESULTED FROM THE SUBSCRIPTION FOR SHARES IN CATHAY PACIFIC.
FOREIGN CURRENCY MONEY SUPPLY
FOREIGN CURRENCY MONEY SUPPLY M1 FELL BY 2.6 PER CENT WHILE M2 AND M3 INCREASED BY 3.7 PER CENT AND 2.5 PER CENT RESPECTIVELY. IN THE THREE MONTHS TO APRIL, FOREIGN CURRENCY MI GREW BY 5.2 PER CENT, M2 BY 8.8 PER CENT, AND M3 BY 6.5 PER CENT- OVER THE 12 MONTHS, THE CORRESPONDING GROWTH RATES WERE 18.6 PER CENT, 40.9 PER CENT AND 37.0 PER CENT.
LOANS AND ADVANCES
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LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAK ING COMPANIES GREW BY 9.3 PER CENT IN APRIL. LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 17.7 PER CENT WHILE LOANS DENOMINATED IN FOREIGN CURRENCIES GREW BY 1.1 PER CENT. THE THREE MONTHS TO APRIL, LOANS DENOMINATED IN FOREIGN CURRENCIES GREW BY 6.1 PER CENT AND OVER THE 12 MONTHS, BY 9.2 PER CENT.
WITHIN THE TOTAL, LOANS FOR USE IN HONG KONG GREW BY 15.9 PER CENT - A LARGE PART OF THIS INCREASE WILL HAVE BEEN ASSOCIATED WITH THE CATHAY PACIFIC ISSUE. LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG GREW FASTER THIS MONTH, BY 5.6 PER CENT, AFTER RISING BY 1.3 PER CENT IN FEBRUARY AND 2.4 PER CENT IN MARCH.
LIQUIDITY RATIOS
THE AVERAGE LIQUIDITY RATIO (AS DEFINED IN S. 18 OF THE BANK ING ORDINANCE) FOR ALL BANKS INCREASED TO 52.9 PER CENT IN APRIL FROM 51.3 PER CENT IN MARCH. THE AVERAGE LIQUIDITY RATIO FOR ALL DEPOSIT-TAKING COMPANIES (AS DEFINED IN S. 24A OF THE DEPOSIT-TAKING COMPANIES ORDINANCE) FELL TO 40.2 PER CENT IN APRIL FROM 43.7 PER CENT IN MARCH.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY 2 TO 149.
THE NUMBER OF LICENSED DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 36. THE NUMBER OF REPORTING REGISTERED DEPOSIT- TAKING COMPANIES DECREASED BY 8 TO 271.
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