+
FRIDAY, AUGUST 1, 1986
.I
HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS INCREASED. HK$M1 GREW BY 1.2 PER CENT IN JUNE WHILE HK$M2 AND HK$M3 GREW BY 1.0 PER CENT AND 0.9 PER CENT RESPECTIVELY. IN THE THREE MONTHS TO JUNE, HK$M1 GREW BY 2.4 PER CENT, HK$M2 BY 3.3 PER CENT AND HK$M3 BY 1.4 PER CENT OVER THE YEAR, THE CORRESPONDING INCREASES WERE 11.0 PER CENT, 12.2 PER CENT AND 9.2 PER CENT.
=
AFTER ADJUSTING FOR SWAP DEPOSITS, HK$M2 AND HK$M3 GREW SLOWER, BOTH AT 0.7 PER CENT IN JUNE, IN THE THREE MONTHS TO JUNE, THE CORRESPONDING GROWTH RATES WERE 4.4 PER CENT AND 2.5 PER CENT.
TOTAL MONEY SUPPLY
TOTAL MONEY SUPPLY ON ALL DEFINITIONS ROSE FASTER THAN THE HONG KONG DOLLAR COMPONENT IN JUNE. TOTAL M1 GREW BY 1.9 PER CENT WHILE TOTAL M2 AND TOTAL M3 BOTH GREW BY 1.2 PER CENT. IN THE THREE MONTHS TO JUNE, TOTAL M1 INCREASED BY 2.5 PER CENT. + TOTAL M2 BY 5.6 PER CENT AND TOAL M3 BY 3.8 PER CENT OVER THE YEAR, THE CORRESPONDING GROWTH RATES WERE 11.0 PER CENT, 25.2 PER CENT AND 21.6 PER CENT.
LOANS AND ADVANCES
LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES INCREASED MODERATELY, BY 1.0 PER CENT THIS MONTH. IN THE SECOND QUARTER OF 1986, THEY GREW BY 2.5 PER CENT AND OVER THE 12 MONTHS BY 8.4 PER CENT.
LOANS DENOMINATED IN HONG KONG DOLLARS GREW FASTER AT 1.3 PER CENT AND LOANS DENOMINATED IN FOREIGN CURRENCIES GREW BY 0.7 PER CENT IN JUNE. IN THE THREE MONTHS TO JUNE, THE FORMER GREW BY 3.0 PER CENT WHILE THE LATTER GREW BY 2.0 PER CENT.
WITHIN THE TOTAL, LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG ROSE BY 2.3 PER CENT AFTER A DECREASE OF 1.7 PER CENT IN MAY. IN THE THREE MONTHS TO JUNE, THESE LOANS GREW BY 6.3 PER CENT. OTHER LOANS FOR USE IN HONG KONG INCREASED BY 1.2 PER CENT IN JUNE. IN THE THREE MONTHS TO JUNE, THEY GREW BY 2.7 PER CENT AND OVER THE YEAR BY 7.6 PER CENT.
/QUARTERLY