XN000022-1989-12-01 — Page 5

FRIDAY, DECEMBER 1, 1989

MONETARY STATISTICS FOR OCTOBER PUBLISHED

* *

HONG KONG DOLLAR DEPOSITS

WITH

AUTHORISED INSTITUTIONS FELL

MARGINALLY IN OCTOBER, AS DID HONG KONG DOLLAR MONEY SUPPLY,

PUBLISHED TODAY (FRIDAY) BY ACCORDING TO STATISTICS

THE MONETARY

AFFAIRS BRANCH.

THERE WAS, HOWEVER, A SUBSTANTIAL INCREASE IN FOREIGN CURRENCY DEPOSITS DURING THAT MONTH.

LOANS TO FINANCE VISIBLE TRADE FELL BUT OTHER LOANS FOR USE HONG KONG RECORDED A MODERATE INCREASE IN OCTOBER.

IN

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED BY 0.1 PER CENT IN OCTOBER, FOLLOWING THE FAIRLY RAPID INCREASE OF 2.1 PER CENT IN SEPTEMBER, WHICH WAS PARTLY THE OF THE NEW SHARE ISSUE AT THE END OF SEPTEMBER.

INFLUENCE

DEMAND DEPOSITS, IN PARTICULAR, FELL BY 4.7 PER CENT. SAVINGS

DEPOSITS FELL BY DEPOSITS ROSE BY 3.0 PER CENT WHILE TIME

0.8 PER

CENT.

DURING THE 12 MONTHS ENDING OCTOBER 1989, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 12.6 PER CENT.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE

OF 1.1 PER CENT IN 3.3 PER CENT IN OCTOBER, FOLLOWING AN INCREASE AUGUST AND AN INCREASE OF 0.8 PER CENT IN SEPTEMBER.

BY

AMONG THESE DEPOSITS U.S. DOLLAR DEPOSITS INCREASED BY 2.5 PER CENT IN OCTOBER WHILE NON-U.S. DOLLAR GREW BY 4.2 PER CENT.

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

FOREIGN CURRENCY SWAP DEPOSITS REMAINED UNCHANGED IN OCTOBER, AFTER INCREASES OF 0.6 PER CENT AND 4.1 PER CENT IN AUGUST AND SEPTEMBER RESPECTIVELY,

ADJUSTED TO INCLUDE THESE DEPOSITS, HONG KONG DOLLAR DEPOSITS PER FELL MARGINALLY IN OCTOBER BUT STILL RECORDED AN INCREASE OF 16.8 CENT COMPARED WITH A YEAR EARLIER.

HAND, ON THE OTHER

FOREIGN CURRENCY DEPOSITS, EXCLUDE SWAP DEPOSITS, INCREASED BY 3.7 PER CENT IN 22.0 PER CENT OVER THE YEAR.

ADJUSTED OCTOBER AND

TO

BY

/DEPOSITS OF