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WEDNESDAY. MAY 31. 1989
MONETARY STATISTICS FOR APRIL 1989 PUBLISHED
THE
ACCORDING ΤΟ STATISTICS PUBLISHED TODAY (WEDNESDAY | BY MONETARY AFFAIRS BRANCH, BOTH HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS INCREASED IN APRIL COMPARED WITH THE PREVIOUS MONTH.
THE BROADER DEFINITIONS OF MONEY SUPPLY. HK$M2 AND HKSM3, GREW MORE RAPIDLY IN APRIL THAN IN MARCH. WHILE THE NARROWEST DEFINITION, HK$M1, REGISTERED A FALL DURING THE MONTH.
TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS DECLINED IN APRIL COMPARED WITH MARCH, MAINLY DUE TO THE FALL IN OFFSHORE LOANS. LOANS TO FINANCE VISIBLE TRADE AND OTHER USE IN HONG KONG CONTINUED TO SHOW CONSIDERABLE INCREASES.
LOANS FOR
THE ACCOMPANYING TABLE SETS OUT SUMMARY FIGURES FOR APRIL 1989 AND COMPARISONS WITH EARLIER MONTHS.
DEPOSITS
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS GREW BY 1.9 PER CENT IN APRIL FOLLOWING INCREASES OF 0.2 PER CENT AND 0.7 PER CENT IN FEBRUARY AND MARCH RESPECTIVELY. OF THESE DEPOSITS. DEMAND AND SAVINGS DEPOSITS DROPPED BY 4.7 PER CENT AND 0.8 PER CENT RESPECTIVELY, WHILE TIME DEPOSITS ROSE BY 4.9 PER CENT. DURING THE BY 12 MONTHS ENDING APRIL 1989. TOTAL HONG KONG DOLLAR DEPOSITS GREW 14.6 PER CENT.
BY
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 3.4 PER CENT IN APRIL. FOLLOWING INCREASES OF 0.6 PER CENT AND 3 PER CENT IN FEBRUARY AND MARCH RESPECTIVELY. OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 3.1 PER CENT WHILE NON-U.S. DOLLAR DEPOSITS INCREASED BY 3.8 PER CENT. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 34.4 PER CENT.
FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 3 PER APRIL. AFTER INCREASES OF 4.9 PER CENT AND 7.4 PER CENT IN AND MARCH RESPECTIVELY. ADJUSTED TO INCLUDE THESE DEPOSITS, DOLLAR DEPOSITS GREW BY 2 PER CENT IN APRIL AND BY 21.5 COMPARED WITH A YEAR EARLIER. ON THE OTHER HAND, FOREIGN
ADJUSTED DEPOSITS,
TO EXCLUDE SWAP DEPOSITS. INCREASED BY CENT IN APRIL AND BY 29.5 PER CENT OVER THE YEAR.
CENT IN FEBRUARY HONG KONG PER CENT CURRENCY 3.5 PER
CENT IN
DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 2.5 PER APRIL WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY 6.6 PER CENT.
THE 12 MONTHS ENDING APRIL 1989, THE FORMER ROSE BY DURING CENT WHILE THE LATTER GREW BY 25 PER CENT.
25.8
PER
MONEY SUPPLY