XN000022-1990-04-03 — Page 7

MONEY SUPPLY

TUESDAY, APRIL 3, 1990

(ADJUSTED

ΤΟ

INCLUDE

SWAP

DEPOSITS)

HK$M1, HK$M2 AND HK$M3

RESPECTIVELY IN FELL BY 7.8 PER CENT, 0.8 PER CENT AND 0.7 PER CENT

THE FEBRUARY. THESE DECLINES (PARTICULARLY FOR HKSM1) WERE RELATED TO DECREASE IN CASH HOLDING AFTER THE LUNAR NEW YEAR.

IN JANUARY, THE CORRESPONDING GROWTH RATES OF HK$M1, HK$M2 HK$M3 WERE 8.0 PER CENT, 1.8 PER CENT AND 1.7 PER CENT.

AND

THESE MONETARY AGGREGATES FOR THE 12 MONTHS ENDING FEBRUARY, ROSE BY 2.4 PER CENT, 14.0 PER CENT AND 12.2 PER CENT RESPECTIVELY.

WHILE TOTAL

TOTAL M1 DECLINED BY 6.9 PER CENT DURING FEBRUARY M2 AND M3 EACH GREW BY 1.1 PER CENT. THEIR CORRESPONDING GROWTH IN JANUARY WERE 9.2 PER CENT, 3.3 PER CENT AND 2.8 PER CENT.

OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 3.5 PER PER CENT AND 19.6 PER CENT RESPECTIVELY.

RATES

CENT, 20.9

LOANS AND ADVANCES

AN PER

EXTENDED BY AUTHORISED ADVANCES TOTAL OUTSTANDING LOANS AND INSTITUTIONS INCREASED BY 7.0 PER CENT IN FEBRUARY 1990, FOLLOWING

OF 0.8 DECLINE INCREASE OF 6.0 PER CENT IN DECEMBER 1989 AND A CENT IN JANUARY 1990.

KONG

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG

THOSE DENOMINATED DOLLARS GREW BY 1.6 PER CENT DURING FEBRUARY WHILE IN FOREIGN CURRENCIES INCREASED BY 11.1 PER CENT.

ROSE BY 1.7 PER CENT IN DECEMBER THESE LOANS

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG CENT IN FEBRUARY, FOLLOWING AN INCREASE OF 0.5 PER AND A DECLINE OF 0.8 PER CENT IN JANUARY. OVER THE YEAR, GREW BY 12.5 PER CENT.

PER

CENT IN CENT IN BY

1.3 GREW BY KONG OTHER LOANS FOR USE IN HONG FEBRUARY COMPARED WITH INCREASES OF 1.1 PER CENT AND 2.5 PER DECEMBER AND JANUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW 23.9 PER CENT.

CENT IN DECEMBER AND A THESE LOANS GREW

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 17.3 PER

CENT IN FEBRUARY, FOLLOWING AN INCREASE OF 8.1 PER DECLINE OF 3.9 PER CENT IN JANUARY. OVER THE YEAR, BY 42.0 PER CENT.

/LOANS TO