XN000022-1980-06-05 — Page 3

DEPOSIT-TAKING COMPANIES

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THURSDAY, JUNE 5, 1980

DEPOSITS

30 994

LOANS AND ADVANCES IN

17 581

HONG KONG

16 742 (+5.0%)

30 548 (+1.5%)

27 596 (+12.3%)

14 552 (+20.8%)

15 362 (+101.8%)

10 328 (+70.29%)

LOAN/DEPOSIT RATIO

56.7%

54.8%

52.7%

67.2%

AVERAGE LIQUIDITY

41.99%

44.6%

49.0%

RATIO +

BANKS AND DEPOSIT-

TAKING COMPANIES

TOTAL CREDIT TO THE

89 605

ECONOMY

86 302 80 775 (+3.8%) (+10.9%)

62 202 (+44.1%)

* THESE FIGURES ARE RECALCULATED TO EXCLUDE BANKS' LIABILITIES TO, AND CLAIMS ON, DEPOSIT-TAKING COMPANIES.

THE STATUTORY REQUIREMENT FOR DEPOSIT-TAKING COMPANIES TO OBSERVE A MINIMUM LIQUID ASSETS RATIO CAME INTO FORCE ON JANUARY 1, 1980.

MONEY SUPPLY

THE MONEY SUPPLY ON THE NARROWEST DEFINITION, M1 (NOTES AND COINS WITH THE PUBLIC, PLUS DEMAND DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) FELL BY 1.3 PER CENT IN APRIL, AFTER A REDUCTION OF 6,2 PER CENT IN MARCH, REFLECTING A FURTHER SEASONAL FALL OF 3.3 PER CENT IN NOTES AND COIN HELD BY THE PUBLIC.

M2 (M1 PLUS SAVINGS AND TIME DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) ROSE BY 1.1 PER CENT IN APRIL, AGAINST A 2.7 PER CENT FALL IN MARCH.

M3 (M2 PLUS PUBLIC DEPOSITS WITH DEPOSIT-TAKING COMPANIES) ROSE BY 1.2 PER CENT, FOLLOWING A FALL OF 1.0 PER CENT IN MARCH. IN THE LAST THREE MONTHS M3 ROSE BY 2.8 PER CENT, AS COMPARED WITH A RISE OF 12.2 PER CENT IN THE THREE MONTHS TO THE END OF JANUARY 1980.

CREDIT TO