XN000022-1988-07-30 — Page 2

SATURDAY, JULY 30, 1988

MONETARY STATISTICS FOR JUNE PUBLISHED

STATISTICS PUBLISHED TODAY (SATURDAY) BY THE MONET VRY AFFAIRS BRANCH SHOW THAT HONG KONG DOLLAR DEPOSITS DECREASED SLIGHTLE IN JUNE COMPARED WITH MAY, WHILE FOREIGN CURRENCY DEPOSITS REGISTERED MODERATE GROWTH.

HK$M1 RECORDED SOME INCREASE IN JUNE, WHILE MONEY SUPPLY ON THE BROADER DEFINITION, THAT IS HK$M2 AND HK$M3, FELL SLIGHTLY.

TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED GREW MODERATELY IN JUNE COMPARED WITH MAY, AS DID COMPONENT - OTHER LOANS FOR USE IN HONG KONG.

INSTITUTIONS ITS LARGEST

CONSIDERABLE

LOANS FOR FINANCING VISIBLE TRADE EXPERIENCED A INCREASE, HOWEVER, WHILE LOANS FOR USE OUTSIDE HONG KONG SHOWED A SLIGHT DECLINE.

TABLE 1 SETS OUT SUMMARY FIGURES FOR JUNE 1988 AND COMPARISONS WITH EARLIER MONTHS. TABLE 2 PRESENTS FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.

DEPOSITS

HONG KONG DOLLAR DEPOSITS FELL BY 0.3 PER CENT IN JUNE FOLLOWING INCREASES OF 2.1 PER CENT IN APRIL AND 0.2 PER CENT IN

MAY. OF THESE DEPOSITS, DEMAND DEPOSITS GREW BY 4.7 PER CENT, SAVING DEPOSITS DECLINED BY 5.4 PER CENT AND TIME DEPOSITS INCREASED BY 2.6 PER CENT. DURING THE 12 MONTHS ENDING JUNE 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 18.3 PER CENT.

FOREIGN CURRENCY DEPOSITS GREW BY 1.3 PER CENT IN JUNE FOLLOWING INCREASES OF 2.9 PER CENT AND 4.0 PER CENT IN APRIL AND MAY PER RESPECTIVELY. OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS GREW BY 1.6 CENT WHILE NON-U.S. DOLLAR DEPOSITS INCREASED BY 1.0 PER CENT OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS ROSE BY 25.5 PER CENT.

FOREIGN CURRENCY SWAP DEPOSITS ROSE BY 10.6 PER CENT IN JUNE

APRIL AFTER INCREASES OF 10.7 PER CENT AND 19.5 PER CENT IN

AND MAY

RESPECTIVELY.

ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 0.7 PER CENT IN JUNE AND BY 16.5 PER CENT OVER THE YEAR.

ON THE OTHER HAND, FOREIGN CURRENCY DEPOSITS, ADJUSTED EXCLUDE SWAP DEPOSITS, INCREASED BY 0.6 PER CENT IN JUNE AND BY PER CENT OVER THE YEAR.

TO

28.1

/DEPOSITS OF