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THURSDAY, SEPTEMBER 4, 1986
FOREIGN CURRENCY DEPOSITS GREW BY 3.0 PER CENT IN JULY, AFTER INCREASES OF 2.0 PER CENT AND 1.5 PER CENT IN MAY AND JUNE. OVER THE YEAR, THE GROWTH RATE WAS 34.7 PER CENT.
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FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 1.7 PER CENT IN JULY AFTER A FALL OF 0.8 PER CENT IN JUNE. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 1.2 PER CENT IN JULY AND BY 10.3 PER CENT OVER THE YEAR ADJUSTED FOREIGN CURRENCY DEPOSITS GREW FASTER, BY 3.2 PER CENT IN JULY AND BY 36.0 PER CENT OVER THE PREVIOUS 12 MONTHS.
DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 3.0 PER CENT IN JULY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 2.5 PER CENT, OVER THE YEAR, THE FORMER GREW BY 27.2 PER CENT WHILE THE LATTER FELL BY 2.0 PER CENT.
HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR MONEY SUPPLY M1 FELL BY 0.9 PER CENT AFTER AN INCREASE OF 1.2 PER CENT IN JUNE. HK$M2 AND HK$M3, ON THE OTHER HAND, GREW BY 1.7 PER CENT AND 1.3 PER CENT RESPECTIVELY. OVER THE YEAR, HK$M1 GREW BY 7.8 PER CENT, HK$M2 BY 13.4 PER CENT AND HK$M3 BY 9.8 PER CENT.
TOTAL MONEY SUPPLY
TOTAL MONEY SUPPLY ON ALL DEFINITIONS ROSE FASTER THAN THE HONG KONG DOLLAR COMPONENT IN JULY. TOTAL M1 GREW BY 0.8 PER CENT WHILE TOTAL M2 AND TOTAL M3 GREW BY 3.0 PER CENT AND 2.1 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL M1 INCREASED BY 10.4 PER CENT, TOTAL M2 BY 26.5 PER CENT AND TOTAL M3 BY 21.4 PER CENT.
LOANS AND ADVANCES
LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES INCREASED FASTER THIS MONTH, BY 2.3 PER CENT AFTER AN INCREASE OF 1.0 PER CENT IN JUNE. OVER THE 12 MONTHS, THEY GREW BY 10.9 PER CENT, LOANS DENOMINATED IN FOREIGN CURRENCIES GREW FASTER AT 4.2 PER CENT WHILE LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 0.4 PER CENT IN JULY. OVER THE YEAR. THE FORMER GREW BY 14.5 PER CENT WHILE THE LATTER GREW BY 7.5 PER CENT.
WITHIN THE