XN000022-1980-09-04 — Page 2

THURSDAY, SEPTEMBER 4, 1980

MONETARY AND FINANCIAL STATISTICS FOR JULY

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MONETARY AND FINANCIAL STATISTICS FOR JULY PUBLISHED TODAY SHOW A MARKED SLOWDOWN IN THE GROWTH OF THE MONEY SUPPLY AND OF CREDIT TO THE ECONOMY, AFTER THE SHARP RISES RECORDED IN JUNE.

THE MONEY SUPPLY, ON ALL DEFINITIONS, GREW ONLY SLIGHTLY IN THE MONTH, REFLECTING IN PART A VERY SHARP REDUCTION IN THE INFLOW OF FUNDS INTO HONG KONG FROM THE RELATIVELY HIGH JUNE INFLOW- THE INCREASE IN TOTAL CREDIT TO THE ECONOMY WAS THE SMALLEST MONTHLY INCREASE SINCE AUGUST LAST YEAR.

THE DETAILED FIGURES FOR JULY AND COMPARISONS WITH EARLIER MONTHS ARE SET OUT IN THE FOLLOWING TABLE.

MONEY AND BANKING FIGURES

-

END OF JULY 1980 (IN $MILLION)

FIGURES FOR EARLIER MONTHS

(

CHANGE)

JULY 1980

JUNE

1980

APRIL 1980

JULY

1979

Mi

23 345

22 753 (+2.6%)

M2

90 622

B8 486 (+2.4%)

M3

120 481

119 120 (+1,19%)

BANK S

20 039 (+16.5%)

76 973 (+17.7%)

107 967 (+11.6%)

18 667 (+25.1%)*

67 937 (+33.4%)*

86 772 (+38.8%)

DEPOSITS

82 847

80 781 (+2,6%)

69 509 (+19.2%)

61 347 (+35.0%) *

LOANS AND ADVANCES

IN HONG KONG

73 722

73 561 {+0.2%)

72 024 (+2.4%)

54 890 (+34.3%)*

LOAN/DEPOSIT RATIO

89.0%

91.1%

103.6%

89.5%

AVERAGE LIQUIDITY

RATIO

49.3%

49.4%

49.6%

49.2%

/DEFOO