DEPOSITS
SATURDAY, JANUARY 2, 1988
IN NOVEMBER, HONG KONG DOLLAR DEMAND DEPOSITS FELL BY CENT. SAVINGS DEPOSITS INCREASED BY 7.1 PER CENT WHILE TIME DROPPED BY 5.7 PER CENT.
3.
6
PER DEPOSITS
FELL BY 0.7 SEPTEMBER
TAKEN TOGETHER, TOTAL HONG KONG DOLLAR DEPOSITS PER CENT IN NOVEMBER, AFTER INCREASES OF 3.2 PER CENT IN AND 1 PER CENT IN OCTOBER.
OVER THE YEAR THAT IS FOR THE 12 MONTHS ENDING TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 22.6 PER CENT.
NOVEMBER)
CENT IN
CURRENCY
FOREIGN CURRENCY DEPOSITS INCREASED BY 2.3 PER NOVEMBER, AS A 11.3 PER CENT RISE IN NON-U.S. DOLLAR FOREIGN DEPOSITS MORE THAN OFFSET A 3.4 PER CENT DECLINE IN U.S. DOLLAR DEPOSITS.
CENT.
OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY
30 PER
FOREIGN CURRENCY SWAP DEPOSITS CONTRACTED BY 20.2 PER
CENT IN
NOVEMBER.
ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS FELL BY 2.8 PER CENT IN NOVEMBER WHILE ADJUSTED FOREIGN CURRENCY DEPOSITS ROSE BY 4.6 PER CENT,
DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 1.3 PER CENT IN NOVEMBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES DECREASED BY 1.2 PER CENT.
FOR THE THREE MONTHS ENDING NOVEMBER, DEPOSITS WITH BANKS INCREASED BY 5.7 PER CENT WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY 8.2 PER CENT.
THEIR RESPECTIVE INCREASES DURING THE 12 MONTHS ENDING NOVEMBER WERE 28.8 PER CENT AND 9.6 PER CENT.
MONEY SUPPLY
ZERO
REFLECTING THE FALL IN HONG KONG DOLLAR DEPOSITS, HONG KONG DOLLAR Mİ DROPPED BY 2.1 PER CENT, HONG KONG DOLLAR M2 RECORDED GROWTH AND HONG KONG DOLLAR M3 FELL BY 0.5 PER CENT IN NOVEMBER.
THESE COMPARED WITH CORRESPONDING GROWTH RATES OF 5.4 PER CENT, 0.8 PER CENT AND 1.1 PER CENT IN OCTOBER.
HK$M], M2 AND
M3
DURING THE 12 MONTHS ENDING NOVEMBER 1987, GREW BY 33.6 PER CENT, 25.9 PER CENT AND 23 PER CENT RESPECTIVELY.
AS THE