MONDAY, MARCH 2, 1992
AMONG THESE DEPOSITS, DEMAND DEPOSITS INCREASED WHILE SAVINGS DEPOSITS AND TIME DEPOSITS DECREASED BY 3.4% RESPECTIVELY DURING JANUARY.
BY 5.3%, AND 0.9%
YEAR-ON-YEAR,
TOTAL HONG
DEPOSITS KONG DOLLAR
GREW BY
12.5%.
FOREIGN CURRENCY DEPOSITS
INCREASED
AUTHORISED WITH BY 1.4% DURING JANUARY 1992, AFTER INCREASES OF 3.0% DURING NOVEMBER AND DECEMBER 1991 RESPECTIVELY.
INSTITUTIONS 0.7% AND
I
WHILE
OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS ROSE BY 1.0%
YEAR-ON-YEAR, TOTAL FOREIGN NON-U.S. DOLLAR DEPOSITS ROSE BY 1.6%. CURRENCY DEPOSITS INCREASED BY 7.8%.
WITH LICENSED
BANKS
DURING JANUARY, DEPOSITS OF ALL CURRENCIES BANKS INCREASED BY 0.5% WHILE DEPOSITS WITH RESTRICTED LICENCE AND DEPOSIT-TAKING COMPANIES DROPPED BY 4.2% AND 3.4% RESPECTIVELY.
BY 11.6% AND DEPOSIT-TAKING
YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS COMPANIES DECLINED BY 11.9% AND 27.6% RESPECTIVELY.
MONEY SUPPLY
AND 0.5% HKSM1, HKSM2 AND HK$M3 INCREASED BY 12.5%. 0.7%
WITH THE CORRESPONDING RESPECTIVELY DURING JANUARY 1992, COMPARED GROWTH RATES OF 1.8%, 1.6% AND 1.3% DURING DECEMBER 1991.
YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 29.5%,
16.0% AND 13.9% RESPECTIVELY.
MONEY
THE GROWTH IN THE BROADEST DEFINITION OF HONG KONG DOLLAR ECONOMIC SUPPLY HAS BEEN BROADLY CONSISTENT WITH THE GROWTH IN
ACTIVITIES.
TOTAL
M1,
M2 AND M3 INCREASED BY RESPECTIVELY DURING JANUARY 1992.
10.0%,
1.2% AND
1.0%
THEIR CORRESPONDING GROWTH RATES DURING DECEMBER 1991 1.7%, 2.6% AND 2.3%. YEAR-ON-YEAR, THESE MONETARY AGGREGATES GREW 27.4%,
12.2% AND 10.5% RESPECTIVELY.
LOANS AND ADVANCES
WERE
BY
AUTHORISED
INCREASING
BY
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY INSTITUTIONS ROSE BY 1.4% DURING JANUARY 1992, AFTER
RESPECTIVELY. 2.9% AND 3.5% DURING NOVEMBER AND DECEMBER 1991
/OF THE