XN000022-1986-08-01 — Page 4

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FRIDAY, AUGUST 1, 1986

MONETARY STATISTICS FOR JUNE RELEASED

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BOTH HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS GREW IN JUNE, ACCORDING TO STATISTICS PUBLISHED BY THE MONETARY AFFAIRS BRANCH TODAY. THE GROWTH RATE OF FOREIGN CURRENCY DEPOSITS REMAINED HIGHER THAN THAT OF HONG KONG DOLLAR DEPOSITS.

MONEY SUPPLY ON ALL DEFINITIONS INCREASED, WITH THE TOTAL MONEY SUPPLY INCREASING MORE RAPIDLY THAN THE CORRESPONDING HONG KONG DOLLAR COMPONENTS.

LOANS AND ADVANCES INCREASED MODESTLY IN JUNE, WITH LOANS TO FINANCE TRADE GROWING FASTER AFTER A MODERATE DECLINE LAST MONTH.

TABLE 1 ATTACHED SETS OUT SUMMARY FIGURES FOR JUNE 1986 AND COMPARISONS WITH EARLIER MONTHS. TABLE 2 SETS OUT FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.

DEPOSITS

IN JUNE, HONG KONG DOLLAR DEPOSITS GREW BY 1.0 PER CENT. IN THE THREE MONTHS TO JUNE, THEY GREW BY 1.9 PER CENT AND OVER THE 12 MONTHS THE GROWTH RATE WAS 7.7 PER CENT.

FOREIGN CURRENCY DEPOSITS GREW BY 1.5 PER CENT IN JUNE, AFTER INCREASES OF 2.6 PER CENT AND 2.0 PER CENT IN APRIL AND MAY. OVER THE YEAR, THE GROWTH RATE WAS 36.5 PER CENT.

FOREIGN CURRENCY SWAP DEPOSITS FELL BY 0.8 PER CENT IN JUNE AFTER AN INCREASE OF 2.3 PER CENT IN MAY. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 0.8 PER CENT IN JUNE AND BY 3.1 PER CENT IN THE THREE MONTHS TO JUNE ADJUSTED FOREIGN CURRENCY DEPOSITS GREW FASTER, BY 1.8 PER CENT IN JUNE AND BY 5.6 PER CENT IN THE THREE MONTHS TO JUNE.

DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 1.3 PER CENT IN JUNE WHILE THOSE WITH DEPOSIT-TAKING COMPANIES INCREASED BY 1.4 PER CENT, OVER THE YEAR, THE GROWTH RATES WERE 25.9 PER CENT AND 4.7 PER CENT RESPECTIVELY.

HONG KONG