MONEY SUPPLY
SATURDAY, MAY 28, 1988
HK$M1 FELL BY 0.4 PER CENT IN APRIL, REFLECTING THE DECLINE IN CURRENCY HELD BY THE PUBLIC. HK$M2 AND HK$M3, ON THE OTHER HAND, ROSE BY 1.3 PER CENT AND 1.6 PER CENT RESPECTIVELY. IN MARCH, THESE MONETARY AGGREGATES FELL BY 5.5 PER CENT, 1.5 PER CENT AND 1.2 PER CENT RESPECTIVELY. DURING THE 12 MONTHS ENDING APRIL,
THE CORRESPONDING INCREASES FOR HK$M1, M2 AND M3 WERE 31.5 PER CENT, 26.1 PER CENT AND 23 PER CENT.
ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 1.9 PER CENT WHILE HK$M3 ROSE BY 2.2 PER CENT IN APRIL. OVER THE YEAR. THEY GREW BY 22 PER CENT AND 19.7 PER CENT RESPECTIVELY.
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2.2
7.2
TOTAL M1, M2 AND M3 GREW BY 0.2 PER CENT, 2.2 PER CENT AND PER CENT RESPECTIVELY. THESE COMPARED WITH CORRESPONDING RATES OF PER CENT, 1 PER CENT AND 1.1 PER CENT IN MARCH. DURING THE 12 MONTHS ENDING APRIL, TOTAL M1 GREW BY 31.3 PER CENT, TOTAL M2 BY 23.5 PER CENT AND TOTAL M3 BY 21.4 PER CENT.
LOANS AND ADVANCES
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES GREW BY 3.8 PER CENT IN APRIL, FOLLOWING A DECREASE OF 0.1 PER CENT IN FEBRUARY AND AN INCREASE OF 0. 4 PER CENT IN MARCH. OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 3.2 PER CENT, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES ROSE BY 4.3 PER CENT.
0.5 PER
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY CENT IN APRIL AFTER INCREASES OF 1.7 PER CENT AND 1.2 PER CENT IN FEBRUARY AND MARCH RESPECTIVELY; OVER THE YEAR, THESE LOANS GREW BY 15.7 PER CENT.
OTHER LOANS FOR USE IN HONG KONG GREW MORE RAPIDLY IN APRIL, BY 3.5 PER CENT, COMPARED WITH RESPECTIVE GROWTH RATES OF 1.2 PER CENT AND 0.8 PER CENT IN FEBRUARY AND MARCH; OVER THE YEAR, THESE LOANS GREW BY 24.6 PER CENT.
LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 4.8 PER CENT IN APRIL AFTER A DECREASE OF 2.4 PER CENT IN FEBRUARY AND AN INCREASE OF 2.1 PER CENT IN MARCH; OVER THE YEAR, THESE LOANS GREW BY 83.2 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
REPORTING LICENSED BANKS AND REMAINED UNCHANGED AT 155 OF REGISTERED DEPOSIT-TAKING
THE NUMBER OF DEPOSIT-TAKING COMPANIES RESPECTIVELY, WHILE THAT DECREASED BY TWO TO 229.
LICENSED AND 35 COMPANIES
15