XN000022-1989-03-02 — Page 6

MONEY SUPPLY

5

t

THURSDAY, MARCH 2, 1989

WITH

HKSM1, HK$M2 AND HK$M3 GREW BY 10.2 PER CENT, 3.6 PER CENT AND 3.1 PER CENT RESPECTIVELY IN JANUARY 1989. THESE COMPARED CORRESPONDING GROWTH RATES OF 0.7 PER CENT, 0.2 PER CENT AND 0.4 CENT IN DECEMBER 1988.

IIK$M3

DURING THE 12 MONTHS ENDING JANUARY GREW BY 14.7 PER CENT, 12.9 PER RESPECTIVELY.

PER

1989, HK$M1, HK$M2 CENT AND 13.5 PER CENT

AND

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 3.6 PER CENT WHILE HK$M3 ROSE BY 3.2 PER CENT IN JANUARY. COMPARED WITH A YEAR EARLIER, THEIR CORRESPONDING GROWTH RATES WERE 21 PER CENT AND 20.9

PER CENT.

2.9

TOTAL M1, M2 AND M3 GREW BY 9.2 PER CENT, 3.4 PER CENT AND PER CENT RESPECTIVELY IN JANUARY. THEIR CORRESPONDING GROWTH RATES IN DECEMBER 1988 WERE 0.4 PER CENT, 0.5 PER CENT AND 0.5 PER CENT,

OVER THE YEAR. TOTAL M1 GREW BY 13.6 PER CENT, TOTAL M2 BY 25.1 PER CENT AND TOTAL M3 BY 24.3 PER CENT.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES GREW BY 1.9 PER CENT IN JANUARY 1989, COMPARED WITH INCREASES OF 3 PER CENT AND 1.2 PER CENT IN NOVEMBER AND DECEMBER 1988 RESPECTIVELY.

OF THE TOTAL OUTSTANDING LOANS, THOSE DOLLARS GREW BY 3.8 PER CENT, WHILE THOSE CURRENCIES GREW BY 0.5 PER CENT.

DENOMINATED IN HONG KONG DENOMINATED IN FOREIGN

LOANS ΤΟ FINANCE VISIBLE TRADE OF HONG KONG GREW BY 2.1 PER CENT IN JANUARY 1989, COMPARED WITH INCREASES OF 1.1 PER CENT AND 2.9 PER CENT IN NOVEMBER AND DECEMBER 1988 RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 31.7 PER CENT.

OTHER LOANS FOR USE IN HONG KONG GREW BY 3.5 PER CENT IN JANUARY FOLLOWING A GROWTH RATE OF 3.3 PER CENT AND 2.3 PER CENT IN NOVEMBER AND DECEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 32.2 PER CENT.

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 0.9 PER JANUARY, AFTER INCREASES OF 3.3 PER CENT AND 1.6 PER CENT IN AND DECEMBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW PER CENT.

CENT IN NOVEMBER BY 23.9

NUMBER OF REPORTING INSTITUTIONS

THE NUMBER OF REPORTING LICENSED BANKS, LICENSED DEPOSIT-TAKING COMPANIES AND REGISTERED DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 158, 35 AND 216 RESPECTIVELY.

/TABLE 1