7
THURSDAY, AUGUST 8, 1991
CONCERNS (OTHER THAN
LOANS TO FINANCIAL
AUTHORISED INSTITUTIONS) DECLINED BY 7.6% THIS QUARTER, AFTER AN INCREASE OF 6.5% IN THE PRECEDING QUARTER. OVER THE YEAR, THESE LOANS GREW BY 9.9%.
PROPERTY
LOANS TO INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL (OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 9.4% THIS QUARTER, FOLLOWING AN INCREASE OF 7.2% IN THE FIRST QUARTER. OVER THE YEAR, THESE LOANS ROSE BY 36.2%.
LOANS TO THE BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT SECTOR INCREASED BY 6.2% IN THE SECOND QUARTER OF 1991, FOLLOWING AN INCREASE OF 1.9% IN THE PRECEDING QUARTER. OVER THE YEAR, THESE LOANS INCREASED BY 14.6%.
NUMBER OF REPORTING INSTITUTIONS
THE NUMBER OF REPORTING LICENSED BANKS AND RESTRICTED LICENCE BANKS INCREASED BY ONE AND TWO RESPECTIVELY TO 166 AND 47 WHILE THAT OF DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 166.
NOTES:
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, 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.
THEM
'SWAP DEPOSITS' ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY US DOLLARS) IN THE SPOT MARKET AND PLACING 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.
NOTE TO EDITORS:
COMPARISONS TABLE 1 SETS OUT SUMMARY FIGURES FOR JUNE 1991 AND WITH EARLIER MONTHS. TABLE 2 PRESENTS FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.
/TABLE 1 :