TUESDAY, DECEMBER 3, 1991
1
MONETARY STATISTICS FOR OCTOBER 1991 RELEASED
* * *
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS AND THE BROADER DEFINITIONS OF HONG KONG DOLLAR MONEY SUPPLY INCREASED DURING OCTOBER, ACCORDING TO STATISTICS PUBLISHED TODAY (TUESDAY) BY THE MONETARY AFFAIRS BRANCH. HONG KONG DOLLAR LOANS AND ADVANCES ALSO RECORDED AN INCREASE IN OCTOBER.
DEPOSITS
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, GREW BY 0.5% IN OCTOBER FOLLOWING INCREASES OF 2.4% AND 2.9% IN AUGUST AND SEPTEMBER RESPECTIVELY.
OF THESE DEPOSITS, DEMAND DEPOSITS AND TIME DEPOSITS FELL BY AND 1.4% RESPECTIVELY WHILE SAVINGS DEPOSITS ROSE BY 3.5% IN
0.3% OCTOBER.
COMPARED WITH A YEAR AGO, TOTAL HONG KONG DOLLAR DEPOSITS GREW
BY 13.3%.
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 1.8% IN OCTOBER, FOLLOWING INCREASES OF 0.6% AND 0.4% RESPECTIVELY IN AUGUST AND SEPTEMBER.
AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS AND NON-U.S. DOLLAR DEPOSITS ROSE BY 1.4% AND 2.0% RESPECTIVELY IN OCTOBER.
OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS
INCREASED BY
7.9%.
BANKS
DURING OCTOBER, DEPOSITS OF ALL CURRENCIES WITH LICENSED ROSE BY 1.4% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT- TAKING COMPANIES DECLINED BY 1.7% AND 3.3% RESPECTIVELY.
COMPARED WITH A YEAR EARLIER, DEPOSITS WITH LICENSED BANKS INCREASED BY 11.8% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES FELL BY 3.1% AND 25.7% RESPECTIVELY.
MONEY SUPPLY
HK$M1 DECREASED BY 0.4% WHILE HK$M2 AND HK$M3 INCREASED BY 0.6% GROWTH 0.4% RESPECTIVELY IN OCTOBER, COMPARED WITH CORRESPONDING RATES OF 5.4%, 2.8% AND 2.7% IN SEPTEMBER.
AND
OVER THE YEAR, THESE MONETARY AGGREGATES ROSE BY 20.5%, 15.3% AND 13.2% RESPECTIVELY.
/TOTAL MI