XN000022-1988-11-01 — Page 8

TUESDAY, NOVEMBER 1, 1988

7

MONETARY STATISTICS FOR SEPTEMBER PUBLISHED

BOTH HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS INCREASED IN SEPTEMBER COMPARED WITH AUGUST, ACCORDING TO STATISTICS PUBLISHED TODAY (TUESDAY) BY THE MONETARY AFFAIRS BRANCH.

IN LINE WITH THE RISE IN HONG KONG DOLLAR DEPOSITS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS REGISTERED INCREASES IN SEPTEMBER.

THE GROWTH IN TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS SLOWED DOWN SLIGHTLY IN SEPTEMBER COMPARED WITH THE PRECEDING MONTH, MAINLY ATTRIBUTABLE TO THE MODERATION IN THE GROWTH RATES OF OFFSHORE LOANS AND LOANS TO FINANCE VISIBLE TRADE. LOANS FOR USE IN HONG KONG, ON THE OTHER HAND, GREW MORE RAPIDLY IN SEPTEMBER THAN IN AUGUST.

THE ACCOMPANYING TABLE 1 SETS OUT SUMMARY FIGURES FOR SEPTEMBER 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

BY

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 0.4 PER CENT IN SEPTEMBER FOLLOWING DECLINES OF 0.1 PER CENT IN JULY AND 0.4 PER CENT IN AUGUST. OF THESE DEPOSITS, DEMAND AND TIME DEPOSITS INCREASED BY 1.2 PER CENT AND 1.3 PER CENT RESPECTIVELY, WHILE SAVINGS DEPOSITS FELL BY 1.3 PER CENT. DURING THE 12 MONTHS ENDING SEPTEMBER 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 9.6 PER CENT.

BY

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW

OF 3.5 PER CENT AND 2.2 PER CENT IN SEPTEMBER FOLLOWING INCREASES

U.S. NON-U.S. DOLLAR DEPOSITS DEPOSITS

質

1.1 PER CENT IN JULY AND AUGUST RESPECTIVELY. OF THESE DEPOSITS, DOLLAR DEPOSITS ROSE BY 3.2 PER CENT WHILE GREW BY 1.1 PER CENT. OVER THE YEAR, TOTAL FOREIGN ROSE BY 29.7 PER CENT.

CURRENCY

3.3

CENT PER

IN CENT IN JULY

FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY SEPTEMBER, AFTER INCREASES OF 6.3 PER CENT AND 7.3 PER AND AUGUST RESPECTIVELY.

/ADJUSTED TO