XN000022-1990-06-01 — Page 2

FRIDAY, JUNE 1, 1990

1

MONETARY STATISTICS FOR APRIL PUBLISHED

* * *

INSTITUTIONS

GREW

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED MORE RAPIDLY IN APRIL THAN IN MARCH, ACCORDING TO STATISTICS PUBLISHED TODAY (FRIDAY) BY THE MONETARY AFFAIRS BRANCH.

IN

KONG LINE WITH THE RISE IN HONG KONG DOLLAR DEPOSITS, HONG DOLLAR MONEY SUPPLY

INCREASES DURING ON ALL DEFINITIONS RECORDED APRIL. TOTAL LOANS AND ADVANCES ALSO INCREASED DURING THE MONTH,

DEPOSITS

HONG KONG DOLLAR DEPOSITS

INSTITUTIONS, WITH AUTHORISED

CENT IN APRIL, ADJUSTED TO INCLUDE SWAP DEPOSITS, GREW BY 1.2 PER FOLLOWING AN INCREASE OF 0.6 PER CENT IN BOTH FEBRUARY AND MARCH.

TIME DEPOSITS OF THESE DEPOSITS, HONG KONG DOLLAR DEMAND AND

APRIL INCREASED BY 1.9 PER CENT AND 2.4 PER CENT RESPECTIVELY DURING WHILE SAVINGS DEPOSITS DECLINED BY 1.5 PER CENT.

DEPOSITS

ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR GREW BY 10.8 PER CENT IN APRIL. THIS WAS LOWER THAN THE CORRESPONDING

SOME GROWTH RATE

FURTHER OF

AND REFLECTED 15.5 PER CENT IN 1989 SLOWDOWN IN THE GROWTH OF ECONOMIC ACTIVITIES DURING THE EARLY PART OF THIS YEAR.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE

0.9 PER 0.

8 PER CENT IN APRIL, AFTER INCREASES OF 2.7 PER CENT AND CENT IN FEBRUARY AND MARCH RESPECTIVELY.

BY

THE YEAR,

AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS GREW BY 1.9 PER CENT WHILE NON-U.S. DOLLAR DEPOSITS FELL BY 0.2 PER CENT. OVER TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 21.6 FER CENT.

DEPOSITS LICENCE BANKS EARLIER, YEAR

BY

17.9

OF ALL CURRENCIES WITH LICENSED BANKS AND BOTH ROSE BY 0.9 PER CENT IN APRIL. THEY GREW

RESTRICTED

PER

COMPARED WITH A CENT AND 29.9 PER CENT

RESPECTIVELY.

DEPOSITS WITH DEPOSIT-TAKING COMPANIES INCREASED BY CENT IN APRIL BUT FELL BY 18.1 PER CENT OVER THE YEAR.

MONEY SUPPLY

HK$M1,

1.8 PER

AND

HK$M2 AND HK$M3 ROSE BY 0.4 PER CENT, 1.0 PER CENT 1.0 PER CENT IN APRIL. THEIR CORRESPONDING GROWTH RATES IN MARCH WERE -2.4 PER CENT, 0.3 PER CENT AND 0.3 PER CENT.

FOR THE 12 MONTHS ENDING APRIL, THESE MONETARY AGGREGATES BY 6.3 PER CENT, 12.7 PER CENT AND 10.5 PER CENT RESPECTIVELY.

ROSE

/TOTAL M1