XN000022-1989-07-04 — Page 6

MONEY SUPPLY

TUESDAY, JULY 4, 1989

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HKSMİ, HKSM2 AND HK$M3 ROSE BY 1.1 PER CENT, 0.7 PER CENT AND 0.8 PER CENT RESPECTIVELY. THESE COMPARED WITH CORRESPONDING RATES OF -2.9 PER CENT, 1.3 PER CENT AND 1.6 PER CENT IN APRIL.

DURING THE 12 MONTHS ENDING MAY 1989, HKSM1, HK$M2 AND HK$M3 GREW BY 10.6 PER CENT, 14.8 PER CENT AND 15.2 PER CENT RESPECTIVELY.

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK M2 AND EACH GREW BY 1.2 PER CENT IN MAY. COMPARED WITH A YEAR EARLIER, CORRESPONDING GROWTH RATES WERE 20.5 PER CENT AND 20.4 PER CENT.

HK$M3

THEIR

TOTAL M1, M2 AND M3 GREW BY 0.5 PER CENT, 0.9 PER CENT AND 0.5 PER CENT RESPECTIVELY IN MAY. THEIR CORRESPONDING GROWTH RATES IN APRIL WERE -2.4 PER CENT, 2.4 PER CENT AND 2.7 PER CENT.

OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 9.8 PER PER CENT AND 23.3 PER CENT RESPECTIVELY.

LOANS AND ADVANCES

CENT, 24.0

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS DECLINED BY 1.7 PER CENT IN MAY. COMPARED WITH

AN INCREASE OF 6.0 PER CENT IN MARCH AND A DECLINE OF 1.9 PER CENT IN APRIL.

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 2.0 PER CENT WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES FELL BY 4.6 PER CENT.

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG GREW BY 3.0 PER CENT IN MAY, FOLLOWING INCREASES OF 2.2 PER CENT AND 4.4 PER CENT IN MARCH AND APRIL RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 31.8 PER CENT.

OTHER LOANS FOR USE IN HONG KONG GREW BY 2.0 PER CENT IN MAY COMPARED WITH INCREASES OF 3.9 PER CENT AND 2.9 PER CENT IN MARCH AND APRIL RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 37.1 PER CENT.

CENT IN OF 8.1

LOANS FOR USE OUTSIDE HONG KONG DECREASED BY 5.6 PER MAY, AFTER AN INCREASE OF 7.5 PER CENT IN MARCH AND A DECLINE PER CENT IN APRIL. OVER THE YEAR, THESE LOANS GREW BY 14.4 PER CENT,

NUMBER OF REPORTING INSTITUTIONS

161

THE NUMBERS OF REPORTING LICENSED BANKS AND DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT RESPECTIVELY WHILE THAT OF REGISTERED DEPOSIT-TAKING INCREASED BY ONE TO 211.

LICENSED

AND COMPANIES

35

/MONETARY STATISTICS