XN000022-1988-11-29 — Page 4

TUESDAY, NOVEMBER 29, 1988

3

MONETARY STATISTICS FOR OCTOBER 1988 PUBLISHED

IN OCTOBER COMPARED WITH

HONG KONG DOLLAR DEPOSITS REGISTERED A CONSIDERABLE SEPTEMBER, AND FOREIGN CURRENCY ALSO GREW DURING THE MONTH, ACCORDING TO STATISTICS (TUESDAY) BY THE MONETARY AFFAIRS BRANCH.

INCREASE DEPOSITS

PUBLISHED TODAY

HONG KONG DOLLAR GREW MORE

REFLECTING THE SUBSTANTIAL INCREASE IN DEPOSITS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS RAPIDLY IN OCTOBER THAN IN SEPTEMBER.

TOTAL LOANS AND ADVANCES EXTENDED BY INCREASED IN OCTOBER COMPARED WITH THE PRECEDING MONTH.

AUTHORISED

THE GROWTH RATES OF MAJOR CATEGORIES OF LOANS TO FINANCE VISIBLE TRADE, THOSE FOR USE IN HONG USE OFFSHORE ALL PICKED UP DURING THE MONTH.

THE ACCOMPANYING TABLE SETS OUT. SUMMARY 1988 AND COMPARISONS WITH EARLIER MONTHS.

DEPOSITS

INSTITUTIONS

INCLUDING THOSE

KONG AND THOSE FOR

FIGURES FOR OCTOBER

BY

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 4.5 PER CENT IN OCTOBER FOLLOWING A DECLINE OF 0.4 PER CENT IN AND AN INCREASE OF 0.4 PER

AUGUST CENT IN SEPTEMBER. DEMAND AND SAVINGS DEPOSITS BOTH INCREASED

OF THESE DEPOSITS, BY 4.9 TIME DEPOSITS ROSE BY 4.1

PER CENT, WHILE PER CENT. DURING THE 12 OCTOBER 1988, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 13.4 PER CENT.

MONTHS ENDING

BY

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 1.8 PER CENT IN OCTOBER FOLLOWING INCREASES OF 1.1 PER PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY. OF THESE DEPOSITS, U.S. CENT AND 2.2 DOLLAR DEPOSITS ROSE BY 1.2 PER CENT WHILE NON-U.S. GREW BY 2.6 PER CENT. OVER THE YEAR, TOTAL FOREIGN ROSE BY 24.9 PER CENT.

DOLLAR DEPOSITS CURRENCY DEPOSITS

PER CENT IN CENT IN AUGUST DEPOSITS, HONG 13.8 PER

FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 3.5 OCTOBER, AFTER INCREASES OF 7.3 PER CENT AND 3.3 PER AND SEPTEMBER RESPECTIVELY, ADJUSTED TO INCLUDE THESE KONG DOLLAR DEPOSITS GREW BY 4.4 PER CENT IN OCTOBER AND BY CENT OVER THE YEAR.

ON THE OTHER

HAND, POREIGN CURRENCY DEPOSITS, EXCLUDE SWAP DEPOSITS, INCREASED BY 1.6 PER CENT 25.7 PER CENT OVER THE YEAR.

ADJUSTED

IN

ΤΟ OCTOBER AND BY

DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 3.3 PER OCTOBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL CENT. DURING THE 12 MONTHS ENDING OCTOBER 1988,

RY

22.5 PER CENT WHILE THE LATTER DECLINED BY 4.5 PER CENT.

FORMER

THE

CENT IN 1.7 PER ROSE BY

MONEY SUPPLY