8
SATURDAY, MARCH 5, 1988
SAVINGS
DEPOSITS
WHILE TIME
JANUARY
DEPOSITS AND WITHIN THESE DEPOSITS, DEMAND
PER CENT RESPECTIVELY, INCREASED BY 3.5 PER CENT AND 8.2
ENDING MONTHS DURING THE 12 DEPOSITS FELL BY 3.5 PER CENT. 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 28.1 PER CENT.
CENT IN FOREIGN CURRENCY DEPOSITS DROPPED BY 3.1 PER 1988 FOLLOWING INCREASES OF 2.3 PER CENT AND 2.5 PER CENT IN AND DECEMBER 1987 RESPECTIVELY.
AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS FELL BY 6 PER CENT. WHILE NON-U.S. DOLLAR DEPOSITS EDGED UP BY 0.7 YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 23.1 PER CENT.
TREND
IN
THE PREVIOUS
MONTHS, TWO CONTINUING THE CURRENCY SWAP DEPOSITS DECREASED BY 25.1 PER CENT IN JANUARY.
JANUARY
NOVEMBER
PER CENT OVER THE
FOREIGN
ON KONG TYPE.
BY
THE LAST WITH AN BASING OF THE MONEY MARKET INTEREST RATES IN
1988, INTEREST YIELDS TWO MONTHS OF 1987 AND IN MOST OF JANUARY
RATES SET BY THE HONG SWAP DEPOSITS FELL BELOW THE DEPOSIT ASSOCIATION OF BANKS, THUS DISCOURAGING NEW DEPOSITS OF THIS ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS ROSE 1.1 PKR CENT IN JANUARY AND BY 20.8 PKR CENT OVER THE YEAR.
то OVER THE
ADJUSTED DEPOSITS, CURRENCY FOREIGN HAND, ON THE OTHER EXCLUDE SWAP DEPOSITS, DECLINED BY 1.9 PER CENT IN JANUARY, YEAR, IT ROSE BY 29.7 PER CENT.
INCREASED BANKS DEPOSITS (ALL CURRENCIES)
DEPOSIT-TAKING COMPANIES CENT IN JANUARY WHILE THOSE WITH
JANUARY ENDING 12 MONTHS DURING THE BY 10.4 PER CENT. FORMER INCREASED BY 28.4 PER CENT WHILE THE LATTER DROPPED BY 2.1 CENT.
WITH
BY
0.5 DECREASED 1988,
PER
THE
PER
MONEY SUPPLY
IN
DEPOSITS,
HONG KONG DOLLAR CONSISTENT WITH THE SLOWDOWN
IN HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS ROSE LESS RAPIDLY
PER CENT, 4.7 PER JANUARY 1988. HK$M1, HK$M2 AND HK$M3 ROSE BY 3.2
RATES CENT AND 3.1 PER CENT RESPECTIVELY, COMPARED WITH CORRESPONDING OF 13.8 PER CENT, 8.2 PER CENT AND 6.5 PER CENT IN DECEMBER 1987.
1988, HKSM1, M2 AND M3 DURING THE 12 MONTHS ENDING JANUARY GREW BY 31.4 PER CENT, 30.8 PER CENT AND 26.1 PER CENT RESPECTIVELY,
ADJUSTED TO TAKE ACCOUNT OF
SWAP
AND HK$M3 JANUARY 1988
DEPOSITS, HK$M2
IN RESPECTIVELY GREW BY 2.8 PER CENT AND 1.5 PER CENT AND BY 23.2 PER CENT AND 19.7 PER CENT RESPECTIVELY OVER THE YEAR.
'TOTAL M1