TUESDAY, NOVEMBER 29, 1988
3
MONETARY STATISTICS FOR OCTOBER 1988 PUBLISHED
IN OCTOBER COMPARED WITH
HONG KONG DOLLAR DEPOSITS REGISTERED A CONSIDERABLE SEPTEMBER, AND FOREIGN CURRENCY ALSO GREW DURING THE MONTH, ACCORDING TO STATISTICS (TUESDAY) BY THE MONETARY AFFAIRS BRANCH.
INCREASE DEPOSITS
PUBLISHED TODAY
HONG KONG DOLLAR GREW MORE
REFLECTING THE SUBSTANTIAL INCREASE IN DEPOSITS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS RAPIDLY IN OCTOBER THAN IN SEPTEMBER.
TOTAL LOANS AND ADVANCES EXTENDED BY INCREASED IN OCTOBER COMPARED WITH THE PRECEDING MONTH.
AUTHORISED
THE GROWTH RATES OF MAJOR CATEGORIES OF LOANS TO FINANCE VISIBLE TRADE, THOSE FOR USE IN HONG USE OFFSHORE ALL PICKED UP DURING THE MONTH.
THE ACCOMPANYING TABLE SETS OUT. SUMMARY 1988 AND COMPARISONS WITH EARLIER MONTHS.
DEPOSITS
INSTITUTIONS
INCLUDING THOSE
KONG AND THOSE FOR
FIGURES FOR OCTOBER
BY
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 4.5 PER CENT IN OCTOBER FOLLOWING A DECLINE OF 0.4 PER CENT IN AND AN INCREASE OF 0.4 PER
AUGUST CENT IN SEPTEMBER. DEMAND AND SAVINGS DEPOSITS BOTH INCREASED
OF THESE DEPOSITS, BY 4.9 TIME DEPOSITS ROSE BY 4.1
PER CENT, WHILE PER CENT. DURING THE 12 OCTOBER 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 13.4 PER CENT.
MONTHS ENDING
BY
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 1.8 PER CENT IN OCTOBER FOLLOWING INCREASES OF 1.1 PER PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY. OF THESE DEPOSITS, U.S. CENT AND 2.2 DOLLAR DEPOSITS ROSE BY 1.2 PER CENT WHILE NON-U.S. GREW BY 2.6 PER CENT. OVER THE YEAR, TOTAL FOREIGN ROSE BY 24.9 PER CENT.
DOLLAR DEPOSITS CURRENCY DEPOSITS
PER CENT IN CENT IN AUGUST DEPOSITS, HONG 13.8 PER
FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 3.5 OCTOBER, AFTER INCREASES OF 7.3 PER CENT AND 3.3 PER AND SEPTEMBER RESPECTIVELY, ADJUSTED TO INCLUDE THESE KONG DOLLAR DEPOSITS GREW BY 4.4 PER CENT IN OCTOBER AND BY CENT OVER THE YEAR.
ON THE OTHER
HAND, POREIGN CURRENCY DEPOSITS, EXCLUDE SWAP DEPOSITS, INCREASED BY 1.6 PER CENT 25.7 PER CENT OVER THE YEAR.
ADJUSTED
IN
ΤΟ OCTOBER AND BY
DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 3.3 PER OCTOBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL CENT. DURING THE 12 MONTHS ENDING OCTOBER 1988,
RY
22.5 PER CENT WHILE THE LATTER DECLINED BY 4.5 PER CENT.
FORMER
THE
CENT IN 1.7 PER ROSE BY
MONEY SUPPLY