XN000022-1980-09-04 — Page 3

DEPOSIT-TAKING COMPANIES

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THURSDAY, SEPTEMBER 4, 1980

DEPOSITS

29 859

30 634 (-2.5%)

LOANS AND ADVANCES

IN HONG KONG

23 987

23 021 (+4.2%)

30 994 (-3.7%)

17 581 (+36.4%)

18 835 (58.5%)

11 108 (+115.9%)

LOAN/DEPOSIT RATIO

80.3%

75.1%

56.7%

59.0%

AVERAGE LIQUIDITY

46.2%

44.2%

41.9%

RATIO

BANKS AND DEPOSIT-

TAKING COMPANIES:

TOTAL CREDIT TO

THE ECONOMY

97 709

96 582 (+1.2%)

89 605 (+9.0%)

65 998 (+48,0%)

* 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) ROSE BY 2.6 PER CENT IN JULY, WELL DOWN FROM AN 8.6 PER CENT INCREASE IN JUNE.

M2 (M1 PLUS SAVINGS AND TIME DEPOSITS, OTHER THAN FROM BANKS AND DEPOSIT-TAKING COMPANIES, WITH LICENSED BANKS) ROSE BY 2.4 PER CENT, SHARPLY REDUCED FROM THE RISE OF 9.3 PER CENT IN JUNE.

M3 (M2 PLUS PUBLIC DEPOSITS WITH DEPOSIT-TAKING COMPANIES) ROSE BY 1.1 PER CENT IN JULY, DOWN FROM A 6.5 PER CENT INCREASE IN JUNE: THIS REFLECTED A FURTHER REDUCTION IN DEPOSITS WITH DEPOSIT-TAKING COMPANIES DURING THE MONTH. IN THE LAST THREE MONTHS, M3 ROSE BY 11.6 PER CENT.

/CREDIT TO