2
MONDAY, MAY 1, 1989
MORE
OFFSHORE LOANS AND OTHER LOANS FOR USE IN HONG KONG GREW RAPIDLY IN MARCH THAN IN THE PREVIOUS MONTH, LOANS TO FINANCE VISIBLE TRADE ALSO RECORDED SOME INCREASE.
TABLE 1 SETS OUT SUMMARY FIGURES FOR MARCH 1989 AND COMPARISONS WITH EARLIER MONTHS. TABLE 2 PRESENTS FIGURES ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.
FROM THE QUARTERLY
DEPOSITS
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 0.7 PER CENT IN MARCH FOLLOWING INCREASES OF 2.3 PER CENT AND 0.2 CENT IN JANUARY AND FEBRUARY RESPECTIVELY.
BY
PEK
OF
THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS DROPPED BY PER CENT AND 5 PER CENT RESPECTIVELY, WHILE TIME DEPOSITS ROSE BY PER CENT. DURING THE 12 MONTHS ENDING DOLLAR DEPOSITS GREW BY 14.9 PER CENT.
MARCH 1989, TOTAL HONG KONG
2.9 5.1
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 3 PER CENT IN MARCH 1989, FOLLOWING INCREASES OF 2.8 PER CENT AND PER CENT IN JANUARY AND FEBRUARY RESPECTIVELY.
OF THESE DEPOSITS, US DOLLAR DEPOSITS ROSE BY 3.3 WHILE NON-U.S. DOLLAR DEPOSITS INCREASED BY 2.7 YEAR, TOTAL FOREIGN CURRENCY DEPOSITS ROSE BY 33.7 PER CENT.
PER CENT.
BY
0.6
PER CENT OVER THE
IN
FOREIGN CURRENCY MARCH, AFTER INCREASES OF 4.2 PER CENT AND 4.9 PER CENT IN JANUARY AND
SWAP DEPOSITS INCREASED BY 7.4 PER CENT FEBRUARY RESPECTIVELY.
ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR GREW BY 1.5 PER CENT IN MARCH AND BY 22.3 PER CENT COMPARED YEAR EARLIER. ON THE OTHER HAND, FOREIGN CURRENCY DEPOSITS, то EXCLUDE SWAP DEPOSITS, INCREASED BY 2.6 PER CENT IN MARCH 28.2 PER CENT OVER THE YEAR.
MARCH
DEPOSITS WITH A ADJUSTED AND BY
CENT
IN PER CENT. 25.8 PER
DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 2 PER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY 3 DURING THE 1MONTHS ENDING MARCH 1989, THE FORMER ROSE BY CENT WHILE THE LATTER GREW BY 21 PER CENT.
MONEY SUPPLY
HKSMI DECLINED BY 2.7 PER CENT IN MARCH WHILE HK$MZ AND HK$M3 ROSE BY 0.2 PER CENT AND 0.4 PER CENT RESPECTIVELY. WITH CORRESPONDING RATES OF -5.2 PER CENT, -0.5 PER CENT AND -0.3
THESE COMPARED CENT IN FEBRUARY.
PER
/DURING THE