XN000022-1988-10-01 — Page 5

MONEY SUPPLY

SATURDAY, OCTOBER 1, 1988

HK$M1 GREW BY 0.9 PER CENT WHILE HK$M2 AND HK$M3 BY 0.4 PER CENT IN AUGUST.

BOTH DROPPED

-0.3 THEIR RESPECTIVE GROWTH RATES IN JULY WERE 1.0 PER CENT,

TWELVE PER CENT AND 0.0 PER CENT. DURING THE

MONTHS ENDING AUGUST,

AND 14.4 HK$M1, HK$M2 AND HK$M3 GREW BY 28.1 PER CENT, 16.6 PER CENT PER CENT RESPECTIVELY.

GREW BY 0.4 OVER THE YEAR,

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 PER CENT WHILE HK$M3 ROSE BY 0.3 PER CENT IN AUGUST. THE CORRESPONDING GROWTH RATES WERE 15.6 PER CENT AND 13.7 PER CENT.

TOTAL M1, M2 AND M3 GREW BY 1.3 PER CENT, 0.5 PER CENT AND PER CENT RESPECTIVELY IN AUGUST.

0.5

PER CENT,

IN JULY, THEIR CORRESPONDING GROWTH RATES WERE -0.8 1.6 PER CENT AND 1.9 PER CENT. DURING THE TWELVE MONTHS ENDING AUGUST, TOTAL MI GREW BY 27.8 PER CENT, TOTAL M2 BY 22.0 PER CENT 20.3 PER CENT.

AND M3 BY

LOANS AND ADVANCES

ADVANCES EXTENDED BY BANKS AND PER CENT IN AUGUST, COMPARED

PER CENT IN JUNE AND

JULY

TOTAL OUTSTANDING LOANS AND DEPOSIT-TAKING COMPANIES GREW BY 3.5 WITH INCREASES OF 0.8 PER CENT AND 0.6

RESPECTIVELY.

KONG

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG

CENT, WHILE DOLLARS GREW BY 2.4 PER

THOSE DENOMINATED IN FOREIGN CURRENCIES GREW BY 4.3 PER CENT.

PER CENT IN LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 6.2

INCREASE OF 0.3 AUGUST, AFTER A FALL OF 0.5 PER CENT IN JUNE AND AN PER CENT IN JULY. OVER THE YEAR, THESE LOANS GREW BY 39.5 PER CENT.

BY 1.8 PER CENT LOANS FOR USE IN HONG KONG GREW

IN AUGUST IN JUNE AND FOLLOWING GROWTH RATES OF 1.9 PER CENT AND 1.3 PER CENT JULY RESPECTIVELY, OVER THE YEAR, THESE LOANS GREW BY 24.5 PER CENT.

T

GREW BY 1.4 PER AND 2. 5 PER THESE LOANS GREW

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG CENT IN AUGUST, COMPARED WITH INCREASES OF 6.8 PER CENT CENT IN JUNE AND JULY RESPECTIVELY; OVER THE YEAR, BY 23.7 PER CENT.

NUMBER OF REPORTING INSTITUTIONS-

THE NUMBER OF

REPORTING

LICENSED

BANKS

DEPOSIT-TAKING

COMPANIES REMAINED UNCHANGED AT RESPECTIVELY, WHILE TIJAT OF REGISTERED DEPOSIT-TAKING DECREASED FURTHER BY TWO TO 222.

AND LICENSED

158 AND

COMPANIES

35

/MONETARY STATISTICS