XN000022-1987-03-03 — Page 5

TUESDAY, MARCH 3, 1987

HONG KONG DOLLAR MONEY SUPPLY

THE RAPID INCREASE IN NOTES AND COINS HELD BY THE PUBLIC WAS REFLECTED IN FASTER GROWTH OF HONG KONG DOLLAR M1, BY 12.3 PER CENT IN JANUARY AFTER AN INCREASE OF 6.2 PER CENT IN DECEMBER.

HK$M2 AND HK$M3 ALSO GREW FASTER THAN IN THE PREVIOUS MONTH, BY 4.7 PER CENT AND 3.6 PER CENT RESPECTIVELY REFLECTING THE CREDITING OF LUNAR NEW YEAR BONUSES. OVER THE YEAR, HK$M1 GREW BY 32.6 PER CENT, HK$M2 BY 23.9 PER CENT AND HK$M3 BY 16.3 PER CENT.

TOTAL MONEY SUPPLY

TOTAL MONEY SUPPLY M1 INCREASED BY 12.0 PER CENT IN JANUARY AFTER HAVING INCREASED BY 5.0 PER CENT IN DECEMBER. TOTAL M2 AND TOTAL M3 GREW BY 3.3 PER CENT AND 2.2 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL M1 AND TOTAL M2 BOTH INCREASED BY 32.5 PER CENT WHILE TOTAL M3 INCREASED BY 23.3 PER CENT.

LOANS AND ADVANCES

TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES INCREASED AT A FASTER PACE IN JANUARY. BY 3.3 PER CENT AFTER HAVING INCREASED BY 0.1 PER CENT IN NOVEMBER AND 1.2 PER CENT IN DECEMBER. OVER THE YEAR, THEY GREW BY 16.1 PER CENT.

LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 3.0 PER CENT IN JANUARY WHILE LOANS DENOMINATED IN FOREIGN CURRENCIES INCREASED BY 3.6 PER CENT, OVER THE YEAR, THE FORMER GREW BY 14.8 PER CENT WHILE THE LATTER GREW BY 17.4 PER CENT.

WITHIN THE TOTAL, LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG INCREASED BY 3.4 PER CENT AFTER AN INCREASE OF 1.8 PER CENT IN DECEMBER, OVER THE YEAR THEY GREW BY 19.4 PER CENT.

OTHER LOANS FOR USE IN HONG KONG INCREASED BY 2.8 PER CENT IN JANUARY AFTER AN INCREASE OF 1.8 PER CENT IN DECEMBDER, OVER THE YEAR, THEY GREW BY 17.3 PER CENT.

NUMBER OF REPORTING INSTITUTIONS

THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY ONE TO 149. THE NUMBER OF REPORTING LICENSED DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 38 WHILE THE NUMBER OF REPORTING REGISTERED DEPOSIT-TAKING COMPANIES DECREASED BY TWO TO 252.

'MONETARY STATISTICS