XN000022-1989-11-01 — Page 25

23

WEDNESDAY, NOVEMBER 1, 1989

MONETARY STATISTICS FOR SEPTEMBER PUBLISHED

ACCORDING TO STATISTICS PUBLISHED TODAY (WEDNESDAY) BY THE MONETARY AFFAIRS BRANCH, BOTH HONG KONG DOLLAR AND FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED IN SEPTEMBER COMPARED WITH AUGUST.

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

TOTAL LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED IN SEPTEMBER COMPARED WITH AUGUST. MOST MAJOR CATEGORIES OF LOANS, EXCEPT LOANS FOR TRADE FINANCING, RECORDED INCREASES DURING SEPTEMBER.

AN ANALYSIS OF LOANS FOR USE IN HONG KONG BY SECTOR THAT LOANS TO WHOLESALE AND RETAIL TRADE AND INDIVIDUALS PURPOSES SHOWED NEGATIVE GROWTH IN THE THIRD QUARTER WHILE LOANS TO FINANCE MANUFACTURING SLOWED DOWN IN THE THIRD COMPARED TO THE SECOND QUARTER.

INDICATES FOR OTHER GROWTH IN QUARTER AS

1989 AND

TABLE 1 SETS OUT SUMMARY FIGURES FOR SEPTEMBER COMPARISONS WITH EARLIER MONTHS. TABLE 2 PRESENTS FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG.

DEPOSITS

HONGKONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 2.1 PER CENT IN SEPTEMBER, FOLLOWING AN INCREASE 0.3 PER CENT IN JULY AND A DECLINE OF 0.4 PER CENT IN AUGUST.

OF

OF THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS ROSE BY 10.8 PER CENT AND 2.3 PER CENT RESPECTIVELY WHILE TIME DEPOSITS DROPPED BY 0.1 PER CENT. DURING THE 12 MONTHS ENDING AUGUST 1989, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 17.8 PER CENT.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE BY 0.8 PER CENT IN SEPTEMBER, FOLLOWING AN INCREASE OF 2.2 PER CENT IN JULY AND AN INCREASE OF 1.1 PER CENT IN AUGUST.

AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS DECLINED BY 0.6 PER CENT IN SEPTEMBER WHILE NON-U.S. DOLLAR GREW BY 2.4 PER CENT. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 22.7 PER CENT.

FOREIGN CURRENCY SWAP DEPOSITS GREW BY 4.1 PER CENT IN SEPTEMBER, AFTER INCREASES OF 3.5 PER CENT AND 0.6 PER CENT IN JULY AND AUGUST RESPECTIVELY. ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS INCREASED BY 2.4 PER CENT IN SEPTEMBER AND BY 22.1 PER CENT COMPARED WITH A YEAR EARLIER.

/ON THE