MONDAY, MAY 31, 1993
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MONETARY STATISTICS FOR APRIL
HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED DURING APRIL, MAINLY DUE TO THE HIGH BASE OF COMPARISON IN MARCH AND THE REFUNDING OF SHARES SUBSCRIPTION MONIES, ACCORDING TO STATISTICS PUBLISHED TODAY (MONDAY) BY THE HONG KONG MONETARY AUTHORITY.
CONSISTENT WITH THIS, THE BROADEST HONG KONG DOLLAR MONEY SUPPLY, M3, FELL IN APRIL. ON THE OTHER HAND, HONG KONG DOLLAR LOANS AND ADVANCES INCREASED DURING THE MONTH,
DEPOSITS
INFLUENCED BY THE HIGH COMPARISON BASE IN MARCH DUE TO A SHARE FLOTATION EXERCISE, HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, FELL BY 0.6% IN APRIL FOLLOWING INCREASES OF 1.2% AND 5.7% IN FEBRUARY AND MARCH RESPECTIVELY.
AMONG THESE DEPOSITS, DEMAND DEPOSITS AND SAVINGS DEPOSITS INCREASED BY 6.1% AND 3.0% RESPECTIVELY WHILE TIME DEPOSITS DECREASED BV 4.3%. YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 19.8%.
FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 1.8% IN APRIL, AFTER AN INCREASE OF 0.1% IN FEBRUARY AND A DECREASE OF 0.2% IN MARCH.
OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS AND NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS INCREASED BY 2.8% AND 0.9% RESPECTIVELY. YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 11.1%.
DURING APRIL, DEPOSITS IN ALL CURRENCIES WITH LICENSED BANKS AND DEPOSIT-TAKING COMPANIES INCREASED BY 1.4% AND 1. 6% RESPECTIVELY WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS DROPPED BY 28.9%.
YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 16.7% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 31.7% AND 14.5% RESPECTIVELY.
MONEY SUPPLY
HK$M1 AND HK$M2 INCREASED BY 4.3% AND 0.5% RESPECTIVELY IN APRIL WHILE HK$M3 DECREASED BY 0. .4%. THEIR CORRESPONDING GROWTH RATES IN MARCH WERE 6.4%, 5.4% AND 5.2% RESPECTIVELY. YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 27.3%, 21.5% AND 19.8% RESPECTIVELY.
P
TOTAL M1, M2 AND M3 INCREASED BY 4.2%, 1.4% AND 0.7% IN APRIL RESPECTIVELY THEIR CORRESPONDING GROWTH RATES IN MARCH WERE 5.0%, 2.5% AND 2.3% RESPECTIVELY. YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 24.4%, 16.8% AND 15.2% RESPECTIVELY.
/LOANS AND