XN000022-1978-03-02 — Page 8

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THURSDAY, MARCH 2, 1978

BANKING STATISTICS FOR JANUARY 1978

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BANKING DEPOSITS AT THE END OF JANUARY THIS YEAR STOOD AT $54,478 MILLION, COMPRISING $13,360 MILLION IN DEMAND DEPOSITS, $20,326 MILLION IN TIME DEPOSITS AND $20,792 MILLION IN SAVINGS DEPOSITS, ACCORDING TO STATISTICS RELEASED TODAY BY THE OFFICE OF THE COMMISSIONER OF BANKING.

THE AVERAGE LIQUIDITY DURING THE MONTH WAS 45.08 PER CENT.

THERE WERE 74 LICENSED BANKS IN HONG KONG AT THE END OF JANUARY.

THE FOLLOWING TABLES GIVE A DETAILED BREAKDOWN OF BANK LIABILITIES AND ASSETS AND MONEY SUPPLY FOR THE MONTH.

LIABILITIES

1. DEPOSITS

2. AMOUNT DUE TO BANKS ABROAD

3. OTHER LIABILITIES

$MILLION

54,478

39,043

9,938

TOTAL LIABILITIES

103,459

ASSETS

1. CASH

2. AMOUNT DUE FROM BANKS ABROAD:

1,333

DEMAND AND SHORT TERM CLAIMS TIME DEPOSITS

29,961

5,625

35,586

3. LOANS AND ADVANCES:

1) HONG KONG

2) ABROAD

37,944 19,321

57,265

4. INVESTMENTS:

(1) HONG KONG

(2) ABROAD

3,846 74

3,920

/5. OTHER ASSETS: