XN000022-1988-01-02 — Page 5

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SATURDAY, JANUARY 2, 1988

AS THE INCREASE IN

DECLINE IN HONG KONG DOLLAR DEFINITIONS INCREASED IN NOVEMBER, WERE SLOWER THAN IN OCTOBER.

CURRENCY FOREIGN

MONEY TOTAL DEPOSITS,

THE ALTHOUGH

DEPOSITS OFFSET

THE

SUPPLY ON ALL RATES OF INCREASE

TOTAL MI GREW BY 0.3 PER INCREASE OF 6.1 PER CENT IN OCTOBER.

CENT IN

NOVEMBER COMPARED WITH AN

-

INCREASED BY 1.3 PER TOTAL M2 AND TOTAL M3, ON THE OTHER HAND,

NOVEMBER,

WITH IN

COMPARED AND

RESPECTIVELY 1 PER CENT CORRESPONDING INCREASES OF 3 PER CENT AND 3.5 PER CENT IN OCTOBER.

CENT

OVER THE YEAR, TOTAL M1 GREW BY 38.4 28.7 PER CENT AND TOTAL M3 BY 26.4 PER CENT,

PER CENT, TOTAL

M2

BY

LOANS AND ADVANCES

EXTENDED BY BANKS ADVANCES 4.6 PER CENT IN NOVEMBER,

AND AFTER

TOTAL OUTSTANDING LOANS AND DEPOSIT-TAKING COMPANIES GREW BY INCREASES OF 4 PER CENT IN SEPTEMBER AND 2 PER CENT IN OCTOBER,

1 PER

WHILE LOANS DENOMINATED IN HONG KONG DOLLAR DECLINED BY CENT, THOSE DENOMINATED IN FOREIGN CURRENCIES GREW BY 9.1 PER CENT.

TYPES OF LOANS WERE

THE CORRESPONDING INCREASES FOR THE TWO 1.3 PER CENT AND 2.5 PER CENT IN OCTOBER.

CENT LOANS TO FINANCE VISIBLE TRADE OF HONG KONG ROSE BY 1 PER

IN OCTOBER; OVER THE IN NOVEMBER AFTER AN INCREASE OF 1.9 PER CENT YEAR THESE LOANS GREW BY 25.2 PER CENT.

PER GROWTH IN OTHER LOANS FOR USE IN HONG KONG DECLINED BY 0.2

PER CENT IN THE PREVIOUS CENT IN NOVEMBER, AFTER AN INCREASE OF 2 MONTH.

OVER THE YEAR, THESE LOANS GREW BY 30.4 PER CENT.

KONG

GREW

LOANS FOR USE OUTSIDE HONG NOVEMBER WHILE LOANS WHERE THE PLACE OF USE IS PER CENT.

NUMBER OF REPORTING INSTITUTIONS

BY

11.8 UNKNOWN

PER

CENT ROSE BY 5.3

IN

NUMBER THE

DEPOSIT-TAKING

REPORTING OF COMPANIES REMAINED

LICENSED

UNCHANGED

BANKS

AT

AND 154

LICENSED

AND

35

RESPECTIVELY,

WHILE THAT OF

REPORTING

REGISTERED

DEPOSIT-TAKING

COMPANIES DECREASED BY ONE TO 236.

15

J