XN000022-1982-11-05 — Page 4

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FRIDAY, NOVEMBER 5, 1982

TOTAL (ALL CURRENCIES) MONEY SUPPLY

TOTAL M1 ROSE BY 6.4 PER CENT IN SEPTEMBER COMPARED WITH 2.0 PER CENT IN AUGUST. TOTAL M2 ROSE BY 6.3 PER CENT AND TOTAL MO BY 4.1 PER CENT IN SEPTEMBER. THESE RATES WERE ROUGHLY THE SAME AS THOSE IN AUGUST,

IN THE THREE MONTHS TO SEPTEMBER, TOTAL M1 INCREASED BY 8.3 PER CENT, TOTAL M2 BY 18.8 PER CENT AND TOTAL M3 BY 12.5 PER CENT. IN THE TWELVE MONTHS TO SEPTEMBER, THESE THREE AGGREGATES GREW BY 15.8 PER CENT, 80.4 PER CENT AND 42.4 PER CENT RESPECTIVELY.

LOANS AND ADVANCES

OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES DIRECTLY TO FINANCE VISIBLE TRADE OF HONG KONG INCREASED MARGINALLY, BY 0.5 PER CENT, IN SEPTEMBER AFTER A DECREASE OF 0.2 PER CENT IN AUGUST. OVER THREE MONTHS THE INCREASE WAS 0.3 PER CENT, AND OVER TWELVE MONTHS 9.8 PER CENT. OTHER LOANS FOR USE IN HONG KONG ROSE BY 3.1 PER CENT IN SEPTEMBER, AFTER AN INCREASE OF 2.1 PER CENT IN AUGUST. OVER THREE MONTHS THE INCREASE WAS 6.6 PER CENT, AND OVER TWELVE MONTHS 35.9 PER CENT.

QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR

IN THE THIRD QUARTER, LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES TO THE MANUFACTURING SECTOR ROSE ONLY MARGINALLY, BY 0.6 PER CENT, WHILE THOSE TO THE BUILDING AND CONSTRUCTION SECTOR ROSE BY 7.4 PER CENT. LOANS TO THE WHOLESALE AND RETAIL TRADE ROSE BY 8.2 PER CENT. BORROWING BY INDIVIDUALS TO PURCHASE FLATS IN THE HOME OWNERSHIP SCHEME AND PRIVATE SECTOR PARTICIPATION SCHEME INCREASED BY 4.4 PER CENT AND BORROWING TO PURCHASE OTHER RESIDENTIAL PROPERTY ROSE BY 3.2 PER CENT. LOANS TO FINANCIAL CONCERNS (OTHER THAN BANKS AND DEPOSIT-TAKING COMPANIES) GREW FAIRLY RAPIDLY, BY 16.0 PER CENT.

FOREIGN CURRENCY ASSETS AND LIABILITIES

THERE WERE INCREASES IN SEPTEMBER OF $27.0 BILLION, TO $532.1 BILLION, IN THE SPOT FOREIGN CURRENCY LIABILITIES OF THE MONETARY SECTOR AND OF $26.7 BILLION, TO $518.7 BILLION, IN THE SPOT FOREIGN CURRENCY ASSETS. THUS, THE SECTOR AS A WHOLE HAD NET SPOT FOREIGN CURRENCY LIABILITIES AT THE END OF SEPTEMBER OF $13.4 BILLION: WITHIN THIS, BANKS HAD NET LIABILITIES OF $5.3 BILLION, AND DEPOSIT-TAKING COMPANIES HAD NET LIABILITIES OF $8.1 BILLION.

/BALANCE SHEET