N
-
MONDAY, MARCH 5, 1990
MONETARY STATISTICS FOR JANUARY PUBLISHED
BOTH HONG
KONG DOLLAR
AND
AUTHORISED INSTITUTIONS INCREASED
FOREIGN
WITH
WITH
CURRENCY DEPOSITS IN JANUARY 1990 COMPARED
PUBLISHED TODAY (MONDAY) BY
DECEMBER 1989, ACCORDING TO STATISTICS THE MONETARY AFFAIRS BRANCH.
YEAR,
THE
CHINESE NEW REFLECTING THE INCREASE IN CASH DEMAND DURING THE
OF MONEY SUPPLY, HK$M1, ROSE DEFINITION NARROWEST SUBSTANTIALLY DURING JANUARY.
THE BROADER
DEFINITIONS,
HK$M2
AND HK$M3 ALSO
REGISTERED
INCREASES DURING THE MONTH.
TOTAL LOANS AND ADVANCES FELL DURING JANUARY, IN OF THE SEASONAL DECLINE IN OFFSHORE LOANS.
PART BECAUSE
DEPOSITS
HONG
KONG DOLLAR
DEPOSITS
WITH AUTHORISED INSTITUTIONS
INCREASED BY 0.3 PER CENT IN JANUARY 1990, FOLLOWING INCREASES OF 2.2 RESPECTIVELY. PER CENT AND 1.4 PER CENT IN NOVEMBER AND DECEMBER 1989
OF CASH THE SLOWER INCREASE WAS A REFLECTION OF THE LARGE WITHDRAWAL FROM DEPOSITS FOR USE DURING CHINESE NEW YEAR.
DECLINED BY 1.5 PER CENT, HONG KONG DOLLAR DEMAND DEPOSITS
CENT WHILE SAVINGS AND TIME DEPOSITS ROSE BY 0.3 PER CENT AND 0.8 PER RESPECTIVELY.
DURING THE 12 MONTHS
DOLLAR DEPOSITS GREW BY 9.6 PER INCLUDED, BY 12.9 PER ECONOMIC ACTIVITIES.
ENDING JANUARY 1990, TOTAL HONG
AND CENT,
WHEN SWAP DEPOSITS CENT, LARGELY IN LINE WITH THE GROWTH
KONG
ARE
IN
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 3.5 PER CENT IN JANUARY 1990, AFTER INCREASES OF 3.4 PER CENT AND PER CENT IN NOVEMBER AND DECEMBER 1989 RESPECTIVELY.
U.S. DOLLAR
BY
2.5
DEPOSITS ROSE BY 0.2 PER AMONG THESE DEPOSITS, CENT WHILE NON-U.S. DOLLAR DEPOSITS GREW BY 7.1 PER CENT.
OVER THE YEAR, TOTAL FOREIGN
25.1 PER CENT.
DEPOSITS CURRENCY
INCREASED
BY
0.1 PER CENT IN FOREIGN CURRENCY SWAP DEPOSITS DECREASED BY
PER CENT IN NOVEMBER AND AN JANUARY 1990, AFTER A DECLINE OF 0.8 INCREASE OF 2.7 PER CENT IN DECEMBER 1989.
/ADJUSTED TO
1