MONEY SUPPLY
1
3
1
SATURDAY, DECEMBER 31, 1988
HK$M1, HK$M2 AND HK$M3 GREW BY 1.3 PER CENT, 4.5 PER CENT AND 4.1 PER CENT RESPECTIVELY IN NOVEMBER. THESE COMPARED WITH CORRESPONDING GROWTH RATES OF 3.6 PER CENT, 4.5 PER CENT AND 4 .1 PER CENT IN OCTOBER. DURING THE 12 MONTHS ENDING NOVEMBER, HAM1. HK$M2 AND HK$M3 GREW BY 21.3 PER CENT, 23.4 PER CENT AND 20.4 PER CENT RESPECTIVELY. ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 3.9 PER CENT WHILE HK$M3 ROSE BY 3.7 PER CENT IN NOVEMBER. OVER THE YEAR, THEIR CORRESPONDING GROWTH RATES WERE 25.4 PER CENT AND 22.4 PER CENT.
TOTAL M1, M2, AND M3 GREW BY 1.8 PER CENT, 4.9 PER CENT AND 5 PER CENT RESPECTIVELY IN NOVEMBER. THEIR CORRESPONDING GROWTH RATES IN OCTOBER WERE 2.9 PER CENT, 3.2 PER CENT AND 2.8 PER CENT. DURING THE 12 MONTHS ENDING NOVEMBER, TOTAL M1 GREW BY 19.6 PER CENT, TOTAL M2 BY 27.4 PER CENT AND TOTAL M3 BY 24.7 PER CENT.
LOANS AND ADVANCES
TOTAL OUTSTANDING LOANS AND DEPOSIT-TAKING COMPANIES GREW BY 3 WITH INCREASES OF 3 PER CENT AND OCTOBER RESPECTIVELY.
ADVANCES
EXTENDED BY BANKS AND PER CENT IN NOVEMBER, COMPARED 3.1 PER CENT IN SEPTEMBER AND
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 4.1 PER CENT, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES GREW DY 2.1 PER CENT.
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY 1.1 PER CENT IN NOVEMBER, COMPARED WITH INCREASES OF 0.6 PER CENT AND 3.5 PER CENT IN SEPTEMBER AND OCTOBER RESPECTIVELY; OVER THE YEAR, THESE LOANS GREW BY 27 PER CENT.
OTHER LOANS FOR USE IN HONG KONG GREW BY 3.3 NOVEMBER FOLLOWING GROWTH RATES OF 2.1 PER CENT AND 3. 3 SEPTEMBER AND OCTOBER RESPECTIVELY. OVER THE YEAR, THESE BY 28.7 PER CENT.
PER CENT IN PER CENT IN LOANS GREW
LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 3.3 PER CENT IN NOVEMBER, AFTER INCREASES OF 2.2 PER CENT AND 2.8 PER CENT IN SEPTEMBER AND OCTOBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 30.1 PER CENT.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS REMAINED UNCHANGED AT 158. THE NUMBER OF LICENSED DEPOSIT-TAKING COMPANIES DECLINED BY ONE TO 35 WHILE THAT OF REGISTERED DEPOSIT-TAKING COMPANIES FELL BY TWO TO 217.
MONETARY STATISTICS