XN000022-1987-03-30 — Page 4

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MONDAY, MARCH 30, 1987

TOTAL MONEY SUPPLY

TOTAL MONEY SUPPLY M1 FELL BY 5.3 PER CENT IN FEBRUARY, AFTER HAVING INCREASED BY 12.0 PER CENT IN JANUARY. TOTAL M2 AND TOTAL

OVER THE M3 GREW BY 2.0 PER CENT AND 1.4 PER CENT RESPECTIVELY. YEAR,

TOTAL M1 INCREASED BY 26.3 PER CENT WHILE TOTAL M2 AND TOTAL M3 INCREASED BY 32.0 PER CENT AND 22.4 PER CENT RESPECTIVELY.

LOANS AND ADVANCES

TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES CONTINUED TO GROW IN FEBRUARY, BY 1.3 PER CENT AFTER HAVING INCREASED BY 1.2 PER CENT IN DECEMBER AND 3.3 PER CENT IN JANUARY, OVER THE YEAR, THEY GREW BY 15.8 PER CENT.

LOANS DENOMINATED IN HONG KONG DOLLARS GREW BY 2.3 PER CENT IN FEBRUARY WHILE LOANS DENOMINATED IN FOREIGN CURRENCIES INCREASED BY 0.2 PER CENT. OVER THE YEAR, THE FORMER GREW BY 16.8 PER CENT WHILE THE LATTER GREW BY 14.7 PER CENT.

WITHIN THE TOTAL, LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG FELL BY 1.3 PER CENT AFTER AN INCREASE OF 3.4 PER CENT IN JANUARY; OVER THE YEAR THEY GREW BY 16.4 PER CENT.

OTHER LOANS FOR USE IN HONG KONG INCREASED BY 2.4 PER CENT IN FEBRUARY AFTER AN INCREASE OF 2.8 PER CENT IN JANUARY: OVER THE YEAR, THEY GREW BY 18.4 PER CENT.

NUMBER OF REPORTING INSTITUTIONS

THE NUMBER OF REPORTING LICENSED BANKS DECREASED BY ONE TO 148- THE NUMBER OF REPORTING LICENSED DEPOSIT-TAKING COMPANIES DECREASED BY ONE TO 37 WHILE THE NUMBER OF REPORTING REGISTERED DEPOSIT-TAKING COMPANIES DECREASED BY THREE TO 249.

/MONETARY STATISTICS