XN000022-1990-04-03 — Page 8

TUESDAY, APRIL 3, 1990

KONG

AND

LOANS THESE

NOT

HONG TOUCHING LOANS TO FINANCE MERCHANDISING TRADE FELL BY 0.1 PER CENT IN FEBRUARY, AFTER A ZERO GROWTH IN DECEMBER

OVER THE YEAR, THESE A DECLINE OF 22.0 PER CENT IN JANUARY. DECLINED BY 31.2 PER CENT. IN TERMS OF RELATIVE SHARE, HOWEVER, LOANS ACCOUNTED FOR ONLY A SMALL PROPORTION OF TOTAL LOANS.

NUMBER OF REPORTING INSTITUTIONS

COMPANIES)

WHILE AS

THAT REGISTERED

OF

THE NUMBERS OF REPORTING LICENSED BANKS AND RESTRICTED LICENCE BANKS (PREVIOUSLY KNOWN AS LICENSED DEPOSIT-TAKING

165 UNCHANGED AT

AND 37 RESPECTIVELY, REMAINED

KNOWN (PREVIOUSLY DEPOSIT-TAKING COMPANIES DEPOSIT-TAKING COMPANIES) DECREASED BY ONE TO 199.

NOTE:

(1)

BEFORE

FEBRUARY

1. 1990, "RESTRICTED COMPANIES" "DEPOSIT-TAKING DEPOSIT-TAKING COMPANIES" COMPANIES" RESPECTIVELY.

+

BANKS LICENCE

WERE

AND

KNOWN "REGISTERED

AS

AND "LICENSED DEPOSIT-TAKING

(2)

IN THE TEXT ABOVE, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP

DEPOSITS AND ON THE OTHER HAND, TOTAL FOREIGN CURRENCY DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.

TOTAL HK$ DEPOSITS,

HK$

TIME

DEPOSITS, DEPOSITS.

U.S.$

CUSTOMERS

BUYING

SWAP DEPOSITS" ARE DEPOSITS INVOLVING FOREIGN CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND

AUTHORISED PLACING THEM AS DEPOSITS WITH

INSTITUTIONS, WHILE AT THE SAME TIME ENTERING INTO A CONTRACT TO SELL SUCH CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH

PURPOSES, THEY MATURITY OF SUCH DEPOSITS. FOR MOST ANALYTICAL SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.

FOREIGN THE

/MONETARY STATISTICS