XN000022-1988-11-29 — Page 5

MONEY SUPPLY

TUESDAY, NOVEMBER 29, 1988

HK$M1, HK$M2 AND HK$M3 GREW BY 3.6 PER CENT, 4.5 PER CENT AND 4.1 PER CENT RESPECTIVELY IN OCTOBER. THESE COMPARED WITH CORRESPONDING GROWTH RATES OF 1.6 PER CENT, 0.8 PER CENT AND 0.6 PER CENT IN SEPTEMBER. DURING THE 12 MONTHS ENDING OCTOBER, HK$M1, HK$M2 AND HK$M3 GREW BY 17.3 PER CENT, 18 PER CENT AND 15.1 PER CENT RESPECTIVELY,

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 4.4 PER CENT WHILE HK$M3 ROSE BY 4.1 PER CENT IN OCTOBER. OVER THE YEAR, THEIR CORRESPONDING GROWTH RATES WERE 17.9 PER CENT AND 15.3 PER CENT.

TOTAL M1, M2 AND M3 GREW BY 2.9 PER CENT, 3.2 PER CENT AND 2.8 PER CENT RESPECTIVELY IN OCTOBER. THEIR CORRESPONDING GROWTH RATES IN SEPTEMBER WERE 1.5 PER CENT, 1.8 PER CENT AND 1.6 PER CENT. DURING THE 12 MONTHS ENDING OCTOBER, TOTAL M1 GREW BY 17.9 PER CENT, TOTAL M2 BY 23 PER CENT AND TOTAL M3 BY 20 PER CENT.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES GREW BY 3.1 PER CENT IN OCTOBER, COMPARED WITH INCREASES OF 3.5 PER CENT AND 3 PER CENT IN AUGUST AND

RESPECTIVELY.

SEPTEMBER

KONG

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG DOLLARS GREW BY 2.3 PER CENT, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES GREW BY 3.6 PER CENT.

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY 3.5 PER CENT IN OCTOBER, COMPARED WITH INCREASES OF 1.4 PER CENT AND 0.6 PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY; OVER THE YEAR, THESE LOANS GREW BY 26.9 PER CENT.

3.3

OTHER LOANS FOR USE IN HONG KONG GREW BY

PER CENT IN OCTOBER FOLLOWING GROWTH RATES OF 1.8 PER CENT AND 2 .1 PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW 24.3 PER CENT.

BY

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 2.8 PER CENT IN OCTOBER, AFTER INCREASES OF 6.2 PER CENT AND 2.2 PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 40.9 PER CENT.

NUMBER OF REPORTING INSTITUTIONS

BANKS,

LICENSED COMPANIES

THE NUMBERS OF REPORTING LICENSED DEPOSIT-TAKING COMPANIES AND REGISTERED DEPOSIT-TAKING REMAINED UNCHANGED AT 158, 36 AND 219 RESPECTIVELY.

/MONETARY STATISTICS