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TUESDAY, AUGUST 30, 1988
MONETARY STATISTICS FOR JULY PUBLISHED
HONG KONG DOLLAR DEPOSITS FELL SLIGHTLY IN JULY COMPARED WITH JUNE, ACCORDING TO STATISTICS PUBLISHED TODAY (TUESDAY) BY THE MONETARY AFFAIRS BRANCH.
FOREIGN CURRENCY DEPOSITS, ON THE OTHER HAND, CONTINUED TO GROW DURING THE MONTH.
REFLECTING THE DECLINE IN HONG KONG DOLLAR DEPOSITS, HKIM1 AND HK$M2 FELL SLIGHTLY IN JULY WHILE HK$M3 REMAINED UNCHANGED.
TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INCREASED IN JULY COMPARED WITH JUNE.
INSTITUTIONS
WHILE LOANS TO FINANCE VISIBLE TRADE AND OTHER LOANS FOR USK IN HONG KONG SHOWED MODERATE GROWTH, LOANS FOR USE OUTSIDE HONG KONG GREW ONLY SLIGHTLY.
THE ACCOMPANYING TABLE SETS OUT SUMMARY FIGURES FOR JULY 1988 AND COMPARISONS WITH EARLIER MONTHS.
DEPOSITS
HONG KONG DOLLAR DEPOSITS DROPPED BY 0.1 PER CENT IN JULY FOLLOWING AN INCREASE OF 0.2 PER CENT IN MAY AND A DECLINE OF 0.3 PER CENT IN JUNE.
OF THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS FELL BY 2.6 PER CENT AND 4.7 PER CENT RESPECTIVELY, WHILE TIME DEPOSITS INCREASED BY 4.3 PER CENT.
DURING THE 12 MONTHS ENDING JULY 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 15.2 PER CENT.
FOREIGN CURRENCY DEPOSITS GREW BY 3.5 PER CENT IN JULY FOLLOWING INCREASES OF 4.0 PER CENT AND 1.3 PER CENT IN MAY AND JUNE RESPECTIVELY.
OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS OREW BY 2.7 PER CENT WHILE NON-U.S. DOLLAR DEPOSITS INCREASED BY 4.6 PER CENT.
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