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MONDAY, JUNE 10, 1991
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OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 18.8%, 20.0% AND 18.4% RESPECTIVELY.
LOANS AND ADVANCES
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 1.4% IN APRIL, FOLLOWING AN INCREASE OF 0.9% IN FEBRUARY AND A DECREASE OF 1.2% IN MARCH.
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 1.5% DURING APRIL, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES ROSE BY 1.4%.
OVER THE YEAR, THESE LOANS GREW BY 15.1% AND 54.4% RESPECTIVELY.
LOANS ΤΟ FINANCE VISIBLE TRADE OF HONG KONG GREW BY 0.3% IN APRIL, FOLLOWING INCREASES OF 0.4% AND 1.2% IN FEBRUARY AND MARCH RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 16.1%.
OTHER LOANS FOR USE IN HONG KONG GREW BY 0.4% IN APRIL FOLLOWING INCREASES OF 1.2% AND 2.9% RESPECTIVELY IN THE PRECEDING TWO MONTHS. OVER THE YEAR, THESE LOANS GREW BY 15.9%.
LOANS FOR USE OUTSIDE HONG KONG ROSE BY 8.6% IN APRIL, AFTER AN INCREASE OF 2.1% IN FEBRUARY AND A DECREASE OF 2.3% IN MARCH. OVER THE YEAR, THESE LOANS GREW BY 79.1%.
LOANS TO FINANCE MERCHANDISING TRADE NOT TOUCHING HONG KONG ROSE BY 2.0% IN APRIL, AFTER DECLINES OF 8.1% AND 4.8% RESPECTIVELY IN THE PRECEDING TWO MONTHS. OVER THE YEAR, THESE LOANS FELL BY 17.2%.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS DECLINED BY ONE TO 164 WHILE THAT OF DEPOSIT-TAKING COMPANIES FELL BY TWO TO 168. THE NUMBER OF RESTRICTED LICENCE BANKS REMAINED UNCHANGED AT 45.
NOTES :
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(1)
BEFORE FEBRUARY 1, 1990,
(2)
'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, HK$ TIME DEPOSITS, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. TOTAL FOREIGN CURRENCY DEPOSITS, US$ DEPOSITS AND NON-US$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.
FOREIGN
"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING CURRENCIES (MOSTLY U.S. 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.
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