XN000022-1989-05-31 — Page 38

MONEY SUPPLY

36

WEDNESDAY, MAY 31, 1989

HKSM3 HKSM1 DECLINED BY 2.9 PER CENT IN APRIL WHILE HK M2 AND

THESE COMPARED ROSE BY 1.3 PER CENT AND 1.6 PER CENT RESPECTIVELY.

0.4 PER WITH CORRESPONDING RATES OF -2.7 PER CENT. 0.2 PER CENT AND

12 CENT

ENDING APRIL IN MARCH. DURING THE

MONTHS

1989, HK$M1.

CENT HK$M2 AND HK$M3 GREW BY 7.7 PER CENT. 13.4 PER CENT AND 14.3 PER RESPECTIVELY.

HK$M2 GREW BY 1.5 COMPARED WITH A RATES WERE 20.2 PER CENT

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, PER CENT WHILE HKSM3 ROSE BY 1.8 PER CENT IN APRIL. YEAR EARLIER, THEIR CORRESPONDING GROWTH AND 20.5 PER CENT.

GREW

AND M3

THEIR

CENT

TOTAL M1 FELL BY 2.4 PER CENT IN APRIL WHILE TOTAL M2

PER CENT BY 2.4

AND

CENT RESPECTIVELY. 2.7 PER CORRESPONDING GROWTH RATES IN MARCH WERE -4.1 PER CENT, 1.9 PER AND 2 PER CENT. OVER THE YEAR. TOTAL MI GREW BY 7.7 PER CENT. TOTAL M2 AND TOTAL M3 EACH GREW BY 25.4 PER CENT.

LOANS AND ADVANCES

IN

IN

BY AUTHORISED TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED

DECLINED BY INSTITUTIONS

1.9

WITH PER CENT

APRIL, COMPARED

MARCH INCREASES

FEBRUARY AND OF 5.7 PER CENT AND 5 PER CENT

THOSE DENOMINATED IN RESPECTIVELY. OF THE TOTAL OUTSTANDING LOANS,

CENT WHILE THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 3.2 PER FOREIGN CURRENCIES FELL BY 5.6 PER CENT.

4.4 PER LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY

2.2 PER CENT IN FEBRUARY AND AN CENT IN APRIL, FOLLOWING A FALL OF INCREASE OF 2.2 PER CENT IN MARCH. OVER THE YEAR. THESE LOANS GREW BY 32.8 PER CENT.

BY 3. 9 PER CENT IN AND 2.9 PER CENT IN BY OVER THE YEAR. THESE LOANS GREW

GREW KONG OTHER LOANS FOR USE IN HONG APRIL COMPARED WITH INCREASES OF 3.7 PER CENT FEBRUARY AND MARCH RESPECTIVELY. 38.9 PER CENT.

LOANS FOR USE OUTSIDE HONG KONG DECREASED BY APRIL, AFTER INCREASES OF 4.3 PER CENT AND 7.5 PER AND MARCH RESPECTIVELY. OVER THE YEAR, THESE LOANS CENT.

8.1 PER CENT IN CENT IN FEBRUARY GREW BY 22 PER

NUMBER OF REPORTING INSTITUTIONS

THE NUMBER OF REPORTING LICENSED BANKS INCREASED BY TWO TO 161.

AT THE NUMBER OF LICENSED DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED 35 WHILE THAT OF REGISTERED DEPOSIT-TAKING COMPANIES FELL BY THREE 210.

TO

137