XN000022-1980-10-03 — Page 2

FRIDAY, OCTOBER 3, 1980

AUGUST MONEY SUPPLY AND FINANCIAL STATISTICS

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THE MONETARY AND FINANCIAL STATISTICS FOR AUGUST 1980, PUBLISHED TODAY, SHOW A CONTINUED GROWTH IN THE MONEY SUPPLY ON ALL DEFINITIONS, AND ALSO IN TOTAL CREDIT TO THE ECONOMY.

THERE WAS A MARKED SHIFT IN NEW LENDING IN AUGUST FROM DEPOSIT-TAKING COMPANIES TO BANKS, PARTLY REFLECTING INTEREST RATE MOVEMENTS DURING THE MONTH.

DETAILED FIGURES AND COMPARISONS WITH EARLIER MONTHS ARE SET OUT IN THE FOLLOWING TABLE:

MONEY AND BANKING FIGURES

END OF AUGUST 1980

(IN HK$MILLION)

FIGURES FOR EARLIER MONTHS

(% CHANGE)

MAY 1980

AUGUST

1979

AUGUST 1980

JULY 1980

MI

24 074

23 345 (+3.1%)

M2

93 004

90 622 (+2.6%)

M3

124 207

120 481 (+3.1%)

20 950 (+14.9%)

80 921 (+14.9%)

111 882 (+11.0%)

18 449 (+30.5%)*

68 050 (+36.7%) *

88 464 (+40.4%)*

BANKS

DEPOSITS

85 016

82 847 (+2.6%)

LOANS AND ADVANCES

IN HK

76 764

73 722 (+4.1%)

73 367 (+15.9%)

69 916 (+9.8%)

61 352 (+38.6%)*

55 118 +39.3%)*

LOAN/DEPOSIT RATIO

90.3%

89.0%

95.3%

89.8%

AVERAGE LIQUIDITY

RATIO

48.6%

49.3%

48.7%

48.7%

DEPOSIT-TAKING COMPANIES

DEPOSITS

31 203

29 859 (+4.5%)

LOANS AND ADVANCES

24 784

IN HK

23 987 (+3.3%)

30 961 (+0.8%)

21 691

(+14.3%)

20 414 (+52.9%)

11 515 (+115.2%)

/MA/PERC