XN000022-1989-09-01 — Page 2

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FRIDAY, SEPTEMBER 1, 1989

MONETARY STATISTICS FOR JULY PUBLISHED

ΒΟΤΗ HONG

KONG AUTHORISED INSTITUTIONS ACCORDING TO STATISTICS AFFAIRS BRANCH.

DOLLAR AND FOREIGN CURRENCY DEPOSITS WITH INCREASED IN JULY COMPARED WITH JUNE, PUBLISHED TODAY (FRIDAY) BY THE MONETARY

IN LINE WITH THE RISE IN HONG KONG DOLLAR DEPOSITS, HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS REGISTERED INCREASES DURING JULY.

TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS FELL IN JULY COMPARED WITH JUNE, MAINLY ATTRIBUTABLE TO DECLINES IN LOANS FOR TRADE FINANCING AND OFFSHORE LOANS, PARTICULARLY EURO-YEN LOANS.

ON THE OTHER HAND, LOANS FOR USE IN HONG KONG INCREASED MORE RAPIDLY IN JULY THAN IN THE PRECEDING MONTH.

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS GREW BY 0.3 PER CENT IN JULY, FOLLOWING AN INCREASE OF 1.0 PER CENT IN MAY AND A DECLINE OF 0.4 PER CENT IN JUNE. OF THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS ROSE BY 1.2 PER CENT AND 0.9 PER CENT RESPECTIVELY WHILE TIME DEPOSITS DROPPED BY 0.2 PER CENT.

DURING THE 12 MONTHS ENDING JULY 1989, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 15.8 PER CENT.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE BY 2.2 PER CENT IN JULY, FOLLOWING AN INCREASE OF 0.4 PER CENT IN MAY AND A DECREASE OF 1.4 PER CENT IN JUNE. AMONG THESE DEPOSITS U.S. DOLLAR DEPOSITS ROSE BY 0.5 PER CENT IN JULY WHILE NON-U.S. DOLLAR GREW BY 4.1 PER CENT.

OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 24.5 PER CENT.

FOREIGN CURRENCY SWAP DEPOSITS GREW BY 3.5 PER CENT IN JULY, AFTER INCREASES OF 4.3 PER CENT AND 3.7 PER CENT IN MAY AND JUNE RESPECTIVELY. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS GREW BY 0.8 PER CENT IN JULY AND BY 20.9 PER CENT COMPARED WITH A YEAR EARLIER.

ON THE OTHER HAND, FOREIGN CURRENCY DEPOSITS, ADJUSTED то EXCLUDE SWAP DEPOSITS, INCREASED BY 2.0 PER CENT IN JULY AND BY 20.9 PER CENT OVER THE YEAR.

DEPOSITS OF ALL CURRENCIES WITH BANKS ROSE BY 1.6 PER CENT IN JULY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY 1.5 PER CENT. OVER THE 12 MONTHS ENDING JULY 1989, THE FORMER ROSE BY 22.3 PER WHILE THE LATTER GREW BY 5.3 PER CENT.

CENT

/MONEY SUPPLY