XN000022-1988-07-30 — Page 3

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SATURDAY, JULY 30, 1988

BANKS

DEPOSITS OF ALL CURRENCIES WITH

INCREASED BY 0.7 PER CENT IN JUNE WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY 0.3 PER CENT. THE RESPECTIVE INCREASES FOR THE 12 MONTHS ENDING JUNE WERE 23.9 PER CENT AND 7.1 PER CENT,

MONEY SUPPLY

1988

HK$M1 GREW BY 3.3 PER CENT IN JUNE, WHILE HK$M2 AND HK$M3 BY 0.4 PER CENT AND 0.2 PER CENT RESPECTIVELY. THESE COMPARED CORRESPONDING RATES OF -1.6 PER CENT. -0.5 PER CENT AND O PER CENT MAY. DURING THE 12 MONTHS ENDING JUNE, THE RESPECTIVE INCREASES HK9M1, HK$M2 AND HK$M3 WERE 29.3 PER CENT, 21.7 PER CENT AND 19.6 CENT.

FELL

WITH

IN

FOR

PER

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 0.5 PER CENT WHILE HK$M3 ROSE BY 0.7 PER CENT IN JUNE. OVER THE YEAR, THEY GREW BY 19. .5 PER CENT AND 17.8 PER CENT RESPECTIVELY,

TOTAL M1 GREW BY 3.6 PER CENT IN JUNE WHILE TOTAL M2 AND M3 BOTH GREW BY 0.6 PER CENT. THEIR CORRESPONDING GROWTH RATES -1.4 PER CENT, 2.1 PER CENT AND 2.2 PER CENT IN MAY.

TOTAL WERE

DURING THE 12 MONTHS ENDING JUNE, TOTAL M1 GREW BY 26.1 PER CENT, TOTAL M2 BY 24.1 PER CENT AND TOTAL M3 BY 22.2 PER CENT.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES GREW BY 0.8 PER CENT IN JUNE, FOLLOWING INCREASES OF 3.8 PER CENT AND 1.9 PER CENT IN APRIL AND MAY RESPECTIVELY.

KONG

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG DOLLAR GREW BY 2. 8 PER CENT, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES FELL BY 0.7 PER CENT.

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY 6.A PER CENT IN JUNE AFTER INCREASES OF 0.5 PER CENT AND

3.

A PER ('ENT IN APRIL AND MAY RESPECTIVELY; OVER THE YEAR, THESE LOANS

19.4 PER CENT.

GREW BY

OTHER LOANS FOR USE IN HONG KONG GREW BY 1.9 PER CENT IN JUNE COMPARED WITH RESPECTIVE GROWTH RATES OF 3.5 PER CENT AND 3.3 PER CENT IN APRIL AND MAY; OVER THE YEAR, THESE LOANS GREW BY 28.0 FFR

CENT.

MAY

LOANS FOR USE OUTSIDE HONG KONG FELL BY 0.5 PER CENT IN JUNE AFTER INCREASES OF 4.8 PER CENT AND 0.6 PER CENT IN APRIL AND RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 56.7 PER CENT.

/QUARTERLY ANALYSIS