XN000022-1986-11-04 — Page 4

HV

TUESDAY, NOVEMBER 4, 1986

TABLE 1 SETS OUT SUMMARY FIGURES FOR SEPTEMBER 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 SEPTEMBER, HONG KONG DOLLAR DEMAND DEPOSITS FELL BY 0.9 PER CENT AFTER A RAPID INCREASE OF 9.7 PER CENT IN AUGUST. SAVINGS AND TIME DEPOSITS, HOWEVER, RECORDED INCREASES OF 2.9 PER CENT AND 1.8 PER CENT. TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 1.9 PER CENT AFTER AN INCREASE OF 1.0 PER CENT IN AUGUST. OVER THE YEAR (THE 12 MONTHS TO THE END OF SEPTEMBER), THESE GREW BY 11.4 PER CENT.

FOREIGN CURRENCY DEPOSITS GREW BY 2.4 PER CENT IN SEPTEMBER AND 35.7 PER CENT OVER THE YEAR.

FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 3.8 PER CENT IN SEPTEMBER. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 2.1 PER CENT IN SEPTEMBER AND BY 13.1 PER CENT OVER THE YEAR: ADJUSTED FOREIGN CURRENCY DEPOSITS GREW BY 2.2 PER CENT IN SEPTEMBER AND BY 36.7 PER CENT OVER THE YEAR.

DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 3.6 PER CENT IN SEPTEMBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 5.8 PER CENT. OVER THE YEAR. THE FORMER GREW BY 31.6 PER CENT WHILE THE LATTER FELL BY 8.9 PER CENT.

HONG KONG DOLLAR MONEY SUPPLY

HONG KONG DOLLAR MONEY SUPPLY M1 INCREASED BY 0.2 PER CENT IN SEPTEMBER, AFTER A RAPID INCREASE OF 7.2 PER CENT IN AUGUST. HK$M2 AND HK$M3, ON THE OTHER HAND, GREW FASTER BY 2.4 PER CENT AND 1.9 PER CENT RESPECTIVELY, OVER THE YEAR, HK$M1 GREW BY 10.3 PER CENT, HK$M2 BY 16.6 PER CENT AND HKM3 BY 12.1 PER CENT

TOTAL MONEY SUPPLY

TOTAL MONEY SUPPLY M1 FELL BY 1.4 PER CENT IN SEPTEMBER, AFTER HAVING INCREASED BY 6.8 PER CENT IN AUGUST. TOTAL M2 AND TOTAL M3 GREW BY 3.6 PER CENT AND 2.2 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL M1 INCREASED BY 9.2 PER CENT, TOTAL M2 BY 30.4 PER CENT AND TOTAL M3 BY 23.4 PER CENT.

/LOANS AND