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MONDAY, JUNE 1, 1987
HONG KONG DOLLAR MONEY SUPPLY
HONG KONG DOLLAR M1 INCREASED BY 2.1 PER CENT IN APRIL AFTER THE POST-LUNAR NEW YEAR FALL OF 6 PER CENT AND 0.5 PER CENT IN FEBRUARY AND MARCH RESPECTIVELY. OVER THE THREE MONTHS TO APRIL THERE WAS STILL A NET FALL IN HK$M1 OF 4.6 PER CENT. HK DOLLAR M2 AND M3 CONTINUED TO INCREASE IN APRIL BUT AT SLOWER RATES, BY 0.9 PER CENT AND 0.8 PER CENT RESPECTIVELY, COMPARED WITH 2.3 PER CENT AND 2 PER CENT IN MARCH. OVER THE THREE MONTHS TO APRIL, THEY INCREASED BY 4.2 PER CENT AND 3.5 PER CENT RESPECTIVELY.
TOTAL MONEY SUPPLY
TOTAL MONEY SUPPLY M1 INCREASED BY 3.8 PER CENT IN APRIL, AFTER A FALL OF 0.2 PER CENT IN MARCH. TOTAL M2 AND TOTAL M3
FOR THE GREW BY 2.4 PER CENT AND 2.3 PER CENT RESPECTIVELY. THREE MONTHS ENDING APRIL, TOTAL M2 AND M3 1NCREASED BY 7.3 PER CENT AND 6.3 PER CENT RESPECTIVELY, BUT TOTAL M1 FELL BY 2 PER CENT.
LOANS AND ADVANCES
TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES CONTINUED TO GROW, BY 2.3 PER CENT IN APRIL AFTER HAVING INCREASED BY 1.3 PER CENT IN FEBRUARY AND 4.1 PER CENT IN MARCH. LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 3.4 PER CENT IN APRIL WHILE LOANS DENOMINATED IN FOREIGN CURRENCIES INCREASED BY 1.3 PER CENT.
WITHIN THE TOTAL, LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG ROSE BY 0.4 PER CENT AFTER THE RAPID INCREASE OF 8.6 PER CENT IN MARCHI OVER THE YEAR THESE LOANS GREW BY 17.4 PER CENT. OTHER LOANS FOR USE IN HONG KONG INCREASED FASTER IN APRIL, BY 3.2 PER CENT AFTER INCREASES OF 2.4 PER CENT IN FEBRUARY AND 2.8 PER CENT IN MARCH.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY ONE TO 150, THE NUMBER OF REPORTING LICENSED DEPOSIT-TAKING COMPANIES DECREASED BY ONE TO 35 WHILE THE NUMBER OF REPORTING REGISTERED DEPOSIT-TAKING COMPANIES DECREASED BY TWO TO 248.
MONETARY STATISTICS