DEPOSITS
11
TUESDAY, JANUARY 31, 1989
DOLLAR DEPOSITS
KONG HONG
WITH
AUTHORISED
INSTITUTIONS REGISTERED ZERO GROWTH IN DECEMBER FOLLOWING INCREASES OF 4.5 PER CENT AND 4.4 PER CENT IN OCTOBER AND NOVEMBER RESPECTIVELY.
CENT; TIME DEPOSITS DOLLAR DEPOSITS
OF THESE DEPOSITS, DEMAND DEPOSITS DECREASED BY 1.9 PER SAVINGS DEPOSITS ROSE SLIGHTLY BY 0.1 PER CENT WHILE RECORDED ZERO GROWTH. DURING 1988, TOTAL HONG KONG GREW BY 12 PER CENT.
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 0.5 PER CENT IN DECEMBER FOLLOWING INCREASES OF 1.8 PER CENT AND PER CENT IN OCTOBER AND NOVEMBER RESPECTIVELY.
OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS ROSE BY 0.8 WHILE NON-U.S. DOLLAR DEPOSITS GREW BY 0.1 PER CENT. OVER TOTAL FOREIGN CURRENCY DEPOSITS ROSE BY 26.6 PER CENT.
BY
5.7
PER CENT THE YEAR,
CENT IN DECLINE
FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 7.2 PER DECEMBER. AFTER AN INCREASE OF 3.5 PER CENT IN OCTOBER AND A OF 0.4 PER CENT IN NOVEMBER. ADJUSTED TO INCLUDE THESE DEPOSITS, KONG DOLLAR DEPOSITS GREW BY 0.8 PER CENT IN DECEMBER AND BY 18.1 CENT DURING 1988.
HONG
PER
INCREASED
DEPOSITS, ADJUSTED ΤΟ ON THE OTHER HAND, FOREIGN CURRENCY EXCLUDE SWAP DEPOSITS, FELL BY 0.1 PER CENT IN DECEMBER BUT BY 22 PER CENT OVER THE YEAR.
IN DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 0.3 PER CENT
0.7 PER DECEMBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY
LATTER CENT.
DURING 1988, THE FORMER ROSE BY 21.4 PER CENT WHILE THE GREW BY 7.4 PER CENT.
MONEY SUPPLY
0.4
CENT AND
WITH
HKSM1, RKSM2 AND HK$M3 GREW BY 0.7 PER CENT, 0.2 PER
THESE COMPARED DECEMBER. PER
IN CENT RESPECTIVELY CORRESPONDING GROWTH RATES OF 1.3 PER CENT, 4.5 PER CENT AND 4.1 CENT IN NOVEMBER.
PER
DURING 1988 HK$M1, HKSM2 AND HK$M3 GREW BY 7.4 PER CENT, PER CENT AND 13.5 PER CENT RESPECTIVELY.
14.2
ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW PER CENT WHILE HK$M3 ROSE BY 1.1 PER CENT IN DECEMBER.
BY 0.9
/FOR 1988