FRIDAY, JANUARY 5, 1990
MONETARY STATISTICS FOR NOVEMBER PUBLISHED
BOTH HONG
KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS REGISTERED CONSIDERABLE INCREASES IN NOVEMBER, ACCORDING TO STATISTICS PUBLISHED TODAY (FRIDAY) BY THE MONETARY AFFAIRS BRANCH.
REFLECTING THE RISE IN HONG KONG DOLLAR DEPOSITS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS INCREASED DURING THE MONTH. ALL TYPES OF LOANS, EXCEPT THOSE TO FINANCE VISIBLE TRADE OF HONG KONG, RECORDED INCREASES IN NOVEMBER.
DEPOSITS
0.
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 2.2 PER CENT IN NOVEMBER, FOLLOWING AN INCREASE OF 2.1 PER CENT IN SEPTEMBER AND A MARGINAL DECLINE OF .1 PER CENT IN OCTOBER. EVEN EXCLUDING THE SUBSCRIPTION MONIES FOR A NEW SHARE ISSUE, WHICH AMOUNTED TO $2.75 BILLION, THERE WAS STILL AN INCREASE OF AROUND 1.5 PER CENT IN HONG KONG DOLLAR DEPOSITS DURING NOVEMBER.
DEMAND DEPOSITS ROSE STRONGLY BY 6.1 PER CENT EN NOVEMBER, PARTLY UNDER THE INFLUENCE OF THE ABOVEMENTIONED NEW SHARE ISSUE.
SAVINGS AND TIME DEPOSITS, ON THE OTHER HAND, ROSE BY 1.7 PER CENT AND 1.5 PER CENT RESPECTIVELY.
DURING THE 12 MONTHS ENDING NOVEMBER 1989, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 10.2 PER CENT, AND WHEN SWAP DEPOSITS ARE INCLUDED, BY 14.5 PER CENT, VERY MUCH IN LINE WITH THE GROWTH RATE OF THE ECONOMY IN MONEY TERMS IN 1989.
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE BY 3.4 PER CENT IN NOVEMBER, AFTER AN INCREASE OF 0.8 PER CENT AND 3.3 PER CENT IN SEPTEMBER AND OCTOBER RESPECTIVELY,
AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 1.4 PER CENT IN NOVEMBER WHILE NON-U.S. DOLLAR DEPOSITS GREW BY 5.8 PER CENT.
OVER THE YEAR, TOTAL FOREIGN 21.9 PER CENT.
CURRENCY DEPOSITS INCREASED BY
FOREIGN CURRENCY SWAP DEPOSITS DECLINED BY 0.8 PER CENT NOVEMBER, AFTER AN INCREASE OF 4.1 PER CENT IN SEPTEMBER AND A GROWTH IN OCTOBER. ADJUSTED ΤΟ INCLUDE THESE DEPOSITS, HONG DOLLAR DEPOSITS ROSE BY 1.8 PER CENT IN NOVEMBER AND BY 14.5 PER COMPARED WITH A YEAR EARLIER.
IN
ZERO
KONG
CENT
/ON THE