XN000022-1988-06-29 — Page 46

MONEY SUPPLY

44

M

WEDNESDAY, JUNE 29, 1988

0.5 PER CENT THESE COMPARED AND 1.6 PER THE RESPECTIVE CENT AND GREW MAY. OVER THE

HKSM1 AND HK$M2 FELL BY 1.6 PER CENT AND RESPECTIVELY IN MAY WHILE HK$M3 RECORDED ZERO GROWTH. WITH CORRESPONDING RATES OF -0.4 PER CENT, 1.3 PER CENT CENT IN APRIL. DURING THE 12 MONTHS ENDING MAY, INCREASES FOR HK$M1, M2 AND M3 WERE 30.5 PER CENT, 24.8 PER 22.4 PER CENT. ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, BY 0.9 PER CENT WHILE HK$M3 ROSE BY 1.3 PER CENT IN YEAR, THEY GREW BY 22 PER CENT AND 20.1 PER CENT RESPECTIVELY.

HK$M2

AND

TOTAL RESPECTIVELY. THEIR PER CENT AND

TOTAL MI FELL BY 1.4 PER CENT IN MAY WHILE TOTAL- M2 M3 GREW BY 2.1 PER CENT AND 2.2 PER CENT CORRESPONDING GROWTH RATES WERE 0.2 PER CENT, 2.2 2.2 PER CENT IN APRIL. DURING THE 12 MONTHS ENDING MAY, TOTAL M1 BY 30.7 PER CENT, TOTAL MZ BY 24.5 PER CENT AND TOTAL M3 BY CENT.

LOANS AND ADVANCES

GREW

22.5 PER

BY BANKS AND IN MAY, FOLLOWING IN MARCH AND APRIL THOSE DENOMINATED IN THOSE DENOMINATED IN

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED DEPOSIT-TAKING COMPANIES GREW BY 1.9 PER CENT INCREASES OF 0.4 PER CENT AND 3.8 PER CENT RESPECTIVELY. OF THE TOTAL OUTSTANDING

LOANS, HONG KONG DOLLAR GREW BY 3.6 PER CENT, WHILE FOREIGN CURRENCIES ROSE BY 0.7 PER CENT.

GREW BY 3.8 PBR

MARCH

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG CENT IN MAY AFTER INCREASES OF 1.2 PER CENT AND 0.5 PER CENT IN AND APRIL RESPECTIVELY; OVER THE YEAR, THESE LOANS GREW CENT. OTHER LOANS FOR USE IN HONG KONG GREW BY 3.3

BY 18.1 PER PER COMPARED WITH RESPECTIVE GROWTH RATES OF 0.8

CENT IN MAY PER CENT IN MARCH AND APRIL; OVER THE YEAR, THESE LOANS GREW BY

CENT AND 3.5 PER CENT. LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 0.6 PER CENT IN MAY 26.4 PER AFTER INCREASES OF 2:1 PER CENT AND 4.8 PER CENT IN RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 79.1 PER CENT.

MARCH AND APRIL

NUMBER OF REPORTING INSTITUTIONS

AT

THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY ONE TO 186. THE NUMBER OF LICENSED DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED 35, WHILE THAT OF REGISTERED ONE TO 228.

DEPOSIT-TAKING

COMPANIES DECREASED

BY

145