MONDAY, SEPTEMBER 3, 1990
5
MONETARY STATISTICS FOR JULY 1990
PUBLISHED
TODAY
(MONDAY) WITH
THE
ACCORDING TO
BY STATISTICS MONETARY
AUTHORISED BRANCH, HONG KONG DOLLAR DEPOSITS AFFAIRS INSTITUTIONS REGISTERED ANOTHER CONSIDERABLE INCREASE DURING JULY.
RECORDED
CONSISTENT WITH THIS, ALL DEFINITIONS OF HONG KONG DOLLAR MONEY SUPPLY ROSE DURING THE MONTH. TOTAL LOANS AND ADVANCES ALSO AN INCREASE DURING JULY.
TABLE 1 SETS OUT SUMMARY FIGURES FOR JULY 1990 AND WITH EARLIER MONTHS.
COMPARISONS
DEPOSITS
INSTITUTIONS, CENT IN JULY, JUNE
HONG KONG DOLLAR DEPOSITS
AUTHORISED WITH ADJUSTED TO INCLUDE SWAP DEPOSITS, GREW BY 2.4 PER FOLLOWING INCREASES OF 2.3 PER CENT AND 3.7 PER CENT IN MAY AND RESPECTIVELY.
ROSE
BY
ON
GREW BY
OF THESE DEPOSITS, DEMAND, SAVINGS AND TIME DEPOSITS 1.2 PER CENT, 2.2 PER CENT AND 2.8 PER CENT RESPECTIVELY IN JULY. A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR DEPOSITS 17.6 PER CENT IN JULY.
BY
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 0.3 PER CENT IN JULY, AFTER INCREASES OF 0.8 PER CENT AND 1.2 PER CENT U.S. DOLLAR IN MAY AND JUNE RESPECTIVELY. AMONG THESE DEPOSITS, DEPOSITS ROSE BY 2.5 PER CENT WHILE NON-U.S. DOLLAR DEPOSITS BY 1.4
OVER THE YEAR, PER CENT.
CURRENCY FOREIGN INCREASED BY 24.7 PER CENT.
TOTAL
DECLINED DEPOSITS
DURING
22
JULY, DEPOSITS OF ALL CURRENCIES WITH BY 1.6 ROSE
PER CENT WHILE THOSE WITH REMAINED UNCHANGED AND THOSE WITH RESTRICTED LICENCE BANKS DECLINED BY 5.7 PER CENT. COMPARED WITH A YEAR EARLIER, THEIR GROWTH RATES
.5 PER CENT, -10.4 PER CENT AND 32.3 PER CENT RESPECTIVELY.
LICENSED BANKS
DEPOSIT-TAKING
COMPANIES
WERE
MONEY SUPPLY
HK$M1,
AND
RATES FOR THE
HK$M2 AND HK$M3 ROSE BY 0.8 PER CENT, 2.4 PER CENT
THEIR CORRESPONDING GROWTH 2.3 PER CENT RESPECTIVELY IN JULY. IN JUNE WERE 2.6 PER CENT, 3.6 PER CENT AND 3.4 PER CENT, 12 MONTHS ENDING JULY, THESE MONETARY AGGREGATES ROSE BY 7.8 PER CENT, 18.6 PER CENT AND 16.7 PER CENT RESPECTIVELY.
1.3 TOTAL M1, M2 AND M3 ROSE BY 0.3 PER CENT, 1.6 PER CENT AND
RATES IN THEIR CORRESPONDING GROWTH PER CENT RESPECTIVELY IN JULY.
OVER THE YEAR, JUNE WERK 3.2 PER CENT, 2.5 PER CENT AND 2.2 PER CENT.
PER TOTAL M1, M2 AND M3 GREW BY 9.5 PER CENT, 21.8 PER CENT AND 20.7 CENT RESPECTIVELY.
/LOANS AND