XN000022-1989-01-31 — Page 12

DEPOSITS

11

TUESDAY, JANUARY 31, 1989

DOLLAR DEPOSITS

KONG HONG

WITH

AUTHORISED

INSTITUTIONS REGISTERED ZERO GROWTH IN DECEMBER FOLLOWING INCREASES OF 4.5 PER CENT AND 4.4 PER CENT IN OCTOBER AND NOVEMBER RESPECTIVELY.

CENT; TIME DEPOSITS DOLLAR DEPOSITS

OF THESE DEPOSITS, DEMAND DEPOSITS DECREASED BY 1.9 PER SAVINGS DEPOSITS ROSE SLIGHTLY BY 0.1 PER CENT WHILE RECORDED ZERO GROWTH. DURING 1988, TOTAL HONG KONG GREW BY 12 PER CENT.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW 0.5 PER CENT IN DECEMBER FOLLOWING INCREASES OF 1.8 PER CENT AND PER CENT IN OCTOBER AND NOVEMBER RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS ROSE BY 0.8 WHILE NON-U.S. DOLLAR DEPOSITS GREW BY 0.1 PER CENT. OVER TOTAL FOREIGN CURRENCY DEPOSITS ROSE BY 26.6 PER CENT.

BY

5.7

PER CENT THE YEAR,

CENT IN DECLINE

FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY 7.2 PER DECEMBER. AFTER AN INCREASE OF 3.5 PER CENT IN OCTOBER AND A OF 0.4 PER CENT IN NOVEMBER. ADJUSTED TO INCLUDE THESE DEPOSITS, KONG DOLLAR DEPOSITS GREW BY 0.8 PER CENT IN DECEMBER AND BY 18.1 CENT DURING 1988.

HONG

PER

INCREASED

DEPOSITS, ADJUSTED ΤΟ ON THE OTHER HAND, FOREIGN CURRENCY EXCLUDE SWAP DEPOSITS, FELL BY 0.1 PER CENT IN DECEMBER BUT BY 22 PER CENT OVER THE YEAR.

IN DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 0.3 PER CENT

0.7 PER DECEMBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES ROSE BY

LATTER CENT.

DURING 1988, THE FORMER ROSE BY 21.4 PER CENT WHILE THE GREW BY 7.4 PER CENT.

MONEY SUPPLY

0.4

CENT AND

WITH

HKSM1, RKSM2 AND HK$M3 GREW BY 0.7 PER CENT, 0.2 PER

THESE COMPARED DECEMBER. PER

IN CENT RESPECTIVELY CORRESPONDING GROWTH RATES OF 1.3 PER CENT, 4.5 PER CENT AND 4.1 CENT IN NOVEMBER.

PER

DURING 1988 HK$M1, HKSM2 AND HK$M3 GREW BY 7.4 PER CENT, PER CENT AND 13.5 PER CENT RESPECTIVELY.

14.2

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW PER CENT WHILE HK$M3 ROSE BY 1.1 PER CENT IN DECEMBER.

BY 0.9

/FOR 1988