XN000022-1988-06-29 — Page 45

WEDNESDAY, JUNE 29, 1988

43

MONETARY STATISTICS FOR MAY PUBLISHED

AFFAIRS

STATISTICS PUBLISHED TODAY (WEDNESDAY) BY THE MONETARY BRANCH SHOW THAT HONG KONG DOLLAR DEPOSITS INCREASED SLIGHTLY IN MAY COMPARED WITH APRIL. FOREIGN CURRENCY DEPOSITS, ON THE OTHER HAND, GREW MORE RAPIDLY IN MAY THAN IN THE PREVIOUS MONTH.

HK$M1 AND HK$M2 BOTH RECORDED DECLINES IN MAY WHILE HK$M3 LITTLE CHANGED FROM THE PRECEDING MONTH.

WAS

TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS GREW MODERATELY IN MAY COMPARED WITH THE PRECEDING MONTH. LOANS FINANCING VISIBLE TRADE AND OTHER LOANS FOR REGISTERED CONSIDERABLE INCREASES WHILE LOANS KONG EDGED UP ONLY SLIGHTLY.

FOR

USE IN HONG FOR USE OUTSIDE

KONG

HONG

FIGURES AN ACCOMPANYING TABLE SETS OUT SUMMARY AND COMPARISONS WITH EARLIER MONTHS.

DEPOSITS

KONG HONG

FOR MAY

1988

IN CENT

INCREASE

MAY

OF

SAVINGS

DOLLAR DEPOSITS ROSE BY 0.2 PER

CENT FOLLOWING A DECLINE OF 1.5 PER

IN MARCH AND AN 2.1 PER CENT IN APRIL. OF THESE DEPOSITS, DEMAND DEPOSITS AND DEPOSITS DECLINED BY 1.1 PER CENT AND 7.2 PER CENT RESPECTIVELY, THE 12 MONTHS WHILE TIME DEPOSITS INCREASED BY 8.1 PER CENT. DURING

DEPOSITS GREW BY 21.5 PER ENDING MAY 1988, TOTAL HONG KONG DOLLAR CENT.

FOREIGN CURRENCY DEPOSITS GREW BY 4 PER CENT IN MAY FOLLOWING

CENT AND 2.9 INCREASES OF 3.2 PER

PER CENT IN MARCH AND APRIL PER RESPECTIVELY. OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS GREW BY 2.4

PER CENT. OVER CENT WHILE NON-U.S. DOLLAR DEPOSITS INCREASED BY 5.8 THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS ROSE BY 23.4 PER CENT.

PER CENT IN MAY FOREIGN CURRENCY SWAP DEPOSITS ROSE BY 19.5

APRIL AFTER INCREASES OF 27.2 PER CENT AND 10.7 PER CENT IN MARCH AND

DEPOSITS, HONG KONG RESPECTIVELY. ADJUSTED TO INCLUDE THESE

DOLLAR PER CENT OVER THE DEPOSITS GREW BY 1.6 PER CENT IN MAY AND BY 19.2 YEAR.

ON THE OTHER HAND, FOREIGN CURRENCY DEPOSITS, ADJUSTED TO

BY 2.9 PER CENT EXCLUDE SWAP DEPOSITS, 25.8 PER CENT OVER THE YEAR.

INCREASED

IN MAY AND BY

CENT

DEPOSITS (ALL CURRENCIES) WITH BANKS INCREASED BY 2.2 PER IN MAY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY 3.9 PER CENT.

MONTHS ENDING MAY 1988 THEIR RESPECTIVE INCREASES FOR THE 12 24.2 PER CENT AND 6.6 PER CENT.

WERE

/MONEY SUPPLY