XN000022-1987-03-30 — Page 3

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MONDAY, MARCH 30, 1987

TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAK ING COMPANIES CONTINUED TO INCREASE. OTHER LOANS FOR USE IN HONG KONG REGISTERED SUBSTANTIAL GROWTH IN FEBRUARY BUT LOANS TO FINANCE HONG KONG'S VISIBLE TRADE FELL.

DEPOS ITS

IN FEBRUARY HONG KONG DOLLAR SAVINGS DEPOSITS CONTINUED TO GROW AT A RAPID RATE, BY 4.2 PER CENT AFTER INCREASES OF 3.7 PER CENT IN DECEMBER 1986 AND 4.7 PER CENT IN JANUARY 1987. DEMAND DEPOSITS INCREASED BY 2.7 PER CENT AND TIME DEPOSITS BY 0.5 PER CENT.

TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 2.3 PER CENT AFTER INCREASES OF 3.3 PER CENT IN DECEMBER AND 1.4 PER CENT IN JANUARY. OVER THE YEAR TO END FEBRUARY, THESE DEPOSITS GREW BY 16.3 PER CENT.

FOREIGN CURRENCY DEPOSITS ALSO GREW FASTER IN FEBRUARY, BY 2.3 PER CENT AFTER AN INCREASE OF 1.0 PER CENT IN JANUARY. OVER THE YEAR, THESE DEPOSITS GREW BY 28.3 PER CENT.

FOREIGN CURRENCY SWAP DEPOSITS DECREASED BY 6.9 PER CENT IN FEBRUARY. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 1.4 PER CENT IN FEBRUARY AND BY 14.5 PER CENT OVER THE YEAR ADJUSTED FOREIGN CURRENCY DEPOSITS GREW BY 3.2 PER CENT IN FEBRUARY AND BY 31.6 PER CENT OVER THE YEAR.

DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 2.9 PER CENT IN FEBRUARY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 1.8 PER CENT. OVER THE YEAR, THE FORMER GREW BY 32.9 PER CENT WHILE THE LATTER FELL BY 23.1 PER CENT.

HONG KONG DOLLAR MONEY SUPPLY

A FALL IN NOTES AND COINS HELD BY THE PUBLIC AFTER THE CHINESE NEW YEAR LED TO A DECREASE IN HONG KONG DOLLAR M1, BY 6.0 PER CENT IN FEBRUARY AFTER AN INCREASE OF 12.3 PER CENT IN JANUARY.

HK$M2 AND HK$M3 ON THE OTHER HAND CONTINUED TO GROW, BY 1.0 PER CENT AND 0.6 PER CENT RESPECTIVELY. OVER THE YEAR, HK$N1 GREW BY 27.6 PER CENT, HK BM2 BY 24.9 PER CENT AND HK$M3 BY 16.8 PER CENT.

TOTAL MONEY