XN000022-1990-01-05 — Page 8

FRIDAY, JANUARY 5, 1990

ON THE OTHER HAND, FOREIGN CURRENCY DEPOSITS, ADJUSTED EXCLUDE SWAP DEPOSITS, INCREASED BY 3.9 PER CENT IN NOVEMBER AND 19.3 PER CENT OVER THE YEAR.

то

BY

DEPOSITS OF ALL CURRENCIES WITH BANKS ROSE BY 3.1 PER CENT IN NOVEMBER WHILE THOSE WITH DEPOSIT-TAKING COMPANIES RECORDED AN INCREASE OF 1.3 PER CENT. OVER THE 12 MONTHS ENDING NOVEMBER 1989, THE FORMER ROSE BY 18.1 PER CENT WHILE THE LATTER GREW BY 5.9 PER CENT.

MONEY SUPPLY

HK$M1, HK9M2 AND HK$M3 INCREASED BY 3.9 PER CENT, 2.4 PER CENT AND 2.0 PER CENT RESPECTIVELY IN NOVEMBER. IN OCTOBER, THEY DECLINED BY 3.4 PER CENT, 0.2 PER CENT AND 0.2 PER CENT RESPECTIVELY.

DURING THE 12 MONTHS ENDING NOVEMBER

1989, HK$M1, HK$M2 AND HK$M3 ROSE BY B. B PER CENT, 11.6 PER CENT AND 10.2 PER CENT RESPECTIVELY.

ADJUSTED TO TAKE ACCOUNT OF SWAP DEPOSITS, HK$M2 INCREASED BY 2.0 PER CENT IN NOVEMBER AND BY 15.7 PER CENT COMPARED WITH A YEAR EARLIER. HK$M3 INCREASED BY 1.6 PER CENT IN NOVEMBER AND BY 14.0 PER CENT OVER THE YEAR.

TOTAL M1, M2 AND M3 ROSE BY 3.2 PER CENT, 2.9 PER CENT AND PER CENT RESPECTIVELY IN NOVEMBER. THEIR CORRESPONDING GROWTH IN OCTOBER WERE -2.9 PER CENT, 1.6 PER CENT AND 1.8 PER CENT.

OVER THE YEAR, TOTAL MI M2 AND M3 GREW BY 6.9 PER

+ PER CENT AND 16.7 PER CENT RESPECTIVELY.

LOANS AND ADVANCES

2.

8

RATES

CENT, 17.7

EXTENDED

BY AUTHORISED

TOTAL OUTSTANDING LOANS AND ADVANCES INSTITUTIONS INCREASED BY 2.2 PER CENT IN NOVEMBER, FOLLOWING AN INCREASE OF 11.3 PER CENT IN SEPTEMBER AND A DECLINE OF 4.6 PER CENT IN OCTOBER. OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 2.0 PER CENT WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES INCREASED BY 2.3 PER CENT.

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG FELL BY 1.1 PER CENT IN NOVEMBER, FOLLOWING DECLINES OF 4.1 PER CENT AND 0.8 PER CENT IN SEPTEMBER AND OCTOBER RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 14.0 PER CENT.

/OTHER LOANS