XN000022-1990-06-01 — Page 4

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FRIDAY, JUNE 1, 1990

HK$M2 THE

IN THE TEXT ABOVÉ, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. ON OTHER HAND, TOTAL FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.

"SWAP

FOREIGN

SAME

DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THE TIME

INTO A CONTRACT TO SELL SUCH ENTERING

FOREIGN (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE SUCH

FOR MOST ANALYTICAL PURPOSES, REGARDED AS HONG KONG DOLLAR DEPOSITS.

DEPOSITS.

CURRENCIES

THEY SHOULD

MATURITY OF BE

NOTE TO EDITORS:

1990 AND

A TABLE SETTING OUT SUMMARY FIGURES FOR APRIL COMPARISONS WITH EARLIER MONTHS WILL BE SENT BY FACSIMILE AND BOXED.

/MONETARY STATISTICS