XN000022-1989-04-01 — Page 5

SATURDAY, APRIL 1, 1989

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS GREW BY OF 0.5 PER CENT 0.6 PER CENT IN FEBRUARY 1989, FOLLOWING INCREASES AND 2.8 PER CENT IN DECEMBER 1988 AND JANUARY 1989 RESPECTIVELY. OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS ROSE BY 1.5 PER CENT WHILE NON-U.S. DOLLAR DEPOSITS FELL BY 0.3 PER CENT. OVER FOREIGN CURRENCY DEPOSITS ROSE BY 33.9 PER CENT.

THE YEAR, TOTAL

4.9 PER CENT IN PER CENT IN

ΤΟ ADJUSTED BY 0.8 PER YEAR EARLIER.

FOREIGN CURRENCY SWAP DEPOSITS INCREASED BY FEBRUARY 1989, AFTER INCREASES OF 7.2 PER CENT AND 4.2 DECEMBER 1988 AND JANUARY 1989 RESPECTIVELY. THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW FEBRUARY AND BY 20.7 PER CENT COMPARED WITH A

INCLUDE

CENT

IN

ON

THE

PER

CENT

OTHER HAND, FOREIGN CURRENCY DEPOSITS, ADJUSTED ΤΟ EXCLUDE SWAP DEPOSITS, INCREASED BY 0.2 PER CENT IN FEBRUARY AND BY 27.5 OVER THE YEAR.

DEPOSITS OF ALL CURRENCIES WITH BANKS GREW BY 0.3 PER ROSE BY FEBRUARY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES CENT. DURING THE 12 MONTHS ENDING FEBRUARY 1989, THE FORMER 24.6 PER CENT WHILE THE LATTER GREW BY 20 PER CENT.

CENT IN 2.1 PER

ROSE BY

MONEY SUPPLY

PER CENT COMPARED

HKSM1, HKSM2 AND HK$M3 DECLINED BY 5.2 PER CENT, 0.5 AND 0.3 PER CENT RESPECTIVELY IN FEBRUARY. THESE FIGURES WITH CORRESPONDING GROWTH RATES OF 10.2 PER CENT. 3.6 PER CENT AND 3.1 PER CENT IN JANUARY. DURING THE 12 MONTHS ENDING FEBRUARY 1989, HK$M1. HKSM2 AND HKSMA GREW BY 7.2 PER CENT, 11.5 PER CENT AND 12.4 PER CENT RESPECTIVELY. ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 GREW BY 0.1 PER CENT WHILE HK$M3 ROSE BY 0 .2 PER CENT IN FEBRUARY, COMPARED WITH A YEAR EARLIER. THEIR CORRESPONDING GROWTH RATES WERE 19.5 PER CENT AND 19.8 PER CENT.

TOTAL M1 FELL BY 3.9 PER CENT IN FEBRUARY WHILE TOTAL M2 AND M3 GREW BY 0.1 PER CENT AND 0. 3 PER CENT RESPECTIVELY. THEIR CORRESPONDING GROWTH RATES IN JANUARY WERE 9.2 PER CENT. 3.4 PER CENT AND 2.9 PER CENT. OVER THE YEAR, TOTAL MI GREW BY 7.1 PER CENT, M2 BY 24.1 PER CENT AND TOTAL M3 BY 23.8 PER CENT.

LOANS AND ADVANCES

TOTAL

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS GREW BY 5.7 PER CENT IN FEBRUARY 1989. COMPARED WITH INCREASES OF 1.2 PER CENT AND 1.3 PER CENT IN DECEMBER 1988 AND JANUARY 1989 RESPECTIVELY. OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 4 PER CENT, WHILE DENOMINATED IN FOREIGN CURRENCIES GREW BY 6.9 PER CENT.

THOSE

/LOANS TU