NUMBER OF REPORTING INSTITUTIONS
5
MONDAY, FEBRUARY 4, 1991
THE NUMBERS OF REPORTING LICENSED BANKS AND DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 166 AND 190 RESPECTIVELY WHILE THAT OF RESTRICTED LICENCE BANKS ROSE BY TWO TO 44.
NOTES:
事
BEFORE FEBRUARY 1, 1990, 'RESTRICTED LICENCE BANKS' AND 'DEPOSIT-TAKING COMPANIES' WERE KNOWN AS 'LICENSED DEPOSIT- TAKING COMPANIES' AND 'REGISTERED DEPOSIT-TAKING COMPANIES'
RESPECTIVELY.
IN THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HKS TIME DEPOSITS, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. TOTAL FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE ADJUSTED TO EXCLUDE SWAP DEPOSITS.
BEEN
'SWAP DEPOSITS' ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY US DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THE SAME TIME ENTERING INTO A CONTRACT TO SELL SUCH FOREIGN CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE MATURITY OF SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THEY SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.
/TABLE 1