10
MONDAY, NOVEMBER 2, 1987
1.9 PER CENT IN HONG KONG DOLLAR SEPTEMBER WHILE ADJUSTED FOREIGN
DEPOSITS,
FOREIGN CURRENCY SWAP DEPOSITS DECREASED BY SEPTEMBER. ADJUSTED TO INCLUDE THESE DEPOSITS GREW BY 2.6 PER CENT IN CURRENCY DEPOSITS FELL BY 0.2 PER CENT.
CENT COMPANIES INCREASED BY DEPOSITS WITH DEPOSIT-TAKING DEPOSITS WITH COMPANIES
DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 1.3 PER IN SEPTEMBER WHILE THOSE WITH DEPOSIT-TAKING
ENDING SEPTEMBER, 0.9 PER CENT. FOR THE THREE MONTHS
5.4 PER CENT WHILE THOSE WITH BANKS INCREASED BY
OVER THE YEAR, COMPANIES INCREASED BY 6.1 PER CENT. BANKS GREW BY 29.5 PER CENT WHILE THOSE WITH DEPOSIT-TAKING INCREASED BY 0.1 PER CENT.
MONEY SUPPLY
REFLECTING THE RAPID INCREASE IN
DEMAND DEPOSITS, HONG KONG M2 AND DOLLAR M1 ROSE BY 9.1 PER CENT IN SEPTEMBER. HONG KONG DOLLAR
PER 3.2 PER BY
CENT AND
CENT 3.0 INCREASED RAPIDLY, M3 ALSO
YEAR THE GROWTH IN HONG KONG RESPECTIVELY IN SEPTEMBER. OVER THE
AND 26.3 PER DOLLAR M1, M2 AND M3 WERE 37.9 PER CENT, 30.5 PER CENT CENT RESPECTIVELY.
TOTAL
MONEY
SUPPLY
BY
ON
6.8
ALL
PER
IN
AN
THE
WITH
ALSO DEFINITIONS
INCREASED CENT IN
AFTER SEPTEMBER SEPTEMBER. TOTAL M1 GREW
AND TOTAL M3, ON INCREASE OF 1.8 PER CENT IN AUGUST. TOTAL M2 OTHER HAND, BOTH INCREASED BY 1.2 PER CENT IN SEPTEMBER COMPARED AN INCREASE OF 1.6 PER CENT IN BOTH OF THEM IN AUGUST. TOTAL MI GREW BY 39.2 PER CENT, TOTAL M2 BY 29.3 PER M3 BY 26.0 PER CENT.
LOANS AND ADVANCES
YEAR, OVER THE CENT AND TOTAL
ADVANCES
EXTENDED BY BANKS AND IN SEPTEMBER, BY PER CENT THIS
TOTAL OUTSTANDING LOANS AND DEPOSIT-TAKING COMPANIES CONTINUED TO GROW RAPIDLY 4.0 PER CENT AFTER INCREASES OF 5.8 PER CENT IN JULY AND 4.9 IN AUGUST. AS IN THE PREVIOUS FEW MONTHS, A CONSIDERABLE PART OF
THE FAST GROWTH IN OFFSHORE LOANS. INCREASE WAS ATTRIBUTABLE TO CONSISTENT
FOREIGN CURRENCIES THIS, LOANS DENOMINATED IN WITH
DENOMINATED IN HONG KONG INCREASED BY 4.7 PER
WHILE THOSE CENT, DOLLARS GREW BY 3.2 PER CENT,
KONG FELL SLIGHTLY GREW BY
LOANS TO FINANCE THE VISIBLE TRADE OF HONG IN SEPTEMBER, BY 0.4 PER CENT; OVER THE YEAR THESE LOANS PER CENT. OTHER LOANS FOR USE IN HONG KONG GREW FASTER BY 3.6 PER CENT FOLLOWING AN INCREASE OF 1.9 PER CENT IN LOANS FOR THE YEAR, THESE LOANS OREW BY 29.9 PER CENT. HONG KONG GREW SLOWER IN SEPTEMBER, BY 0.1 PER CENT, BUT THE PLACE OF USE IS UNKNOWN INCREASED BY 29.3 PER CENT,
23.3
IN SEPTEMBER, AUGUST. OVER USE OUTSIDE LOANS WHERE
/QUARTERLY ANALYSIS