i
SATURDAY JANUARY 5, 1991
MONETARY STATISTICS FOR NOVEMBER PUBLISHED
* * * * *
INSTITUTIONS
WERE
WITH
.
1,2
BY
COMPARISON
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED 15.6 PER CENT HIGHER AT THE END OF NOVEMBER IN MONTHS EARLIER, ACCORDING TO STATISTICS PUBLISHED TODAY (SATURDAY) THE MONETARY AFFAIRS BRANCH.
SUPPLY
WAS
ON
THE BROADEST DEFINITION OF HONG KONG DOLLAR MONEY LITTLE CHANGED FROM THE PREVIOUS MONTH. TOTAL LOANS AND ADVANCES, THE OTHER HAND, RECORDED SOME INCREASE IN NOVEMBER.
DEPOSITS
HONG
DOLLAR KONG
DEPOSITS
WITH
AUTHORISED
INSTITUTIONS,
0.3 PER CENT IN ADJUSTED ΤΟ INCLUDE SWAP DEPOSITS, DECREASED BY
IN NOVEMBER, FOLLOWING THE DECLINES OF 0.2 PER CENT AND 0.6 PER CENT SEPTEMBER AND OCTOBER RESPECTIVELY.
WHILE OF THESE DEPOSITS, DEMAND DEPOSITS ROSE BY 2.9 PER CENT
AND 0.4 PER CENT SAVINGS AND TIME DEPOSITS FELL BY 1.2 PER CENT RESPECTIVELY IN NOVEMBER.
DEPOSITS
THE
ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR GREW BY 15.6 PER CENT IN NOVEMBER, STILL CONSIDERABLY HIGHER THAN INCREASE IN NOMINAL GROSS DOMESTIC PRODUCT, FORECAST AT 11.5 PER FOR 1990.
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 1.7 PER CENT IN NOVEMBER, AFTER INCREASES OF 3.5 PER CENT AND 3.8 CENT IN SEPTEMBER AND OCTOBER RESPECTIVELY.
CENT
BY
PER
AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS FELL BY 2.3 PER CENT OVER WHILE NON-U.S. DOLLAR DEPOSITS ROSE BY 4.8 PER CENT IN NOVEMBER. THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 28.9 PER CENT.
DURING NOVEMBER, DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS PER CENT AND RESTRICTED LICENCE BANKS ROSE BY 0.7 PER CENT AND 6.2 RESPECTIVELY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 1.2 PER
CENT.
LICENSED BANKS,
INCREASED BY
COMPARED WITH A YEAR EARLIER, DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES 24.0 PER CENT, 16.3 PER CENT AND 1.4 PER CENT RESPECTIVELY.
THE
LATTER TWO OF FOUR DEPOSIT-
YEAR-ON-YEAR COMPARISONS ON DEPOSITS WITH THE CATEGORIES WERE PARTLY AFFECTED BY THE UPGRADING TAKING COMPANIES TO THE STATUS OF RESTRICTED LICENCE BANKS.
/MONEY SUPPLY