XN000022-1990-07-05 — Page 2

THURSDAY, JULY 5, 1990

MONETARY STATISTICS FOR MAY PUBLISHED

HONG KONG

GREW

PUBLISHED

DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS MORE RAPIDLY IN MAY THAN IN APRIL, ACCORDING TO STATISTICS TODAY (THURSDAY) BY THE MONETARY AFFAIRS BRANCH.

HONG KONG DOLLÁR MONEY SUPPLY, EXCEPT THE NARROWEST DEFINITION, INCREASED DURING

TOTAL LOANS AND ADVANCES MAY. INCREASE DURING THE MONTH.

ALSO RECORDED

AN

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS,

3 PER CENT INCLUDE SWAP DEPOSITS, GREW BY 2.

IN MAY, ADJUSTED TO

OF 0.6 PER CENT AND 1.2 PER CENT IN MARCH AND FOLLOWING INCREASES APRIL RESPECTIVELY.

DEPOSITS DURING MAY

OF THESE DEPOSITS, HONG KONG DOLLAR SAVINGS AND TIME INCREASED BY 1.7 PER CENT AND 3.1 PER CENT RESPECTIVELY WHILE DEMAND DEPOSITS DECLINED BY 0.9 PER CENT.

ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR GREW BY 11.8 PER CENT IN MAY, BROADLY IN LINE WITH ECONOMIC ACTIVITIES.

DEPOSITS

THE GROWTH OF

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 0.8 PER CENT IN MAY, AFTER INCREASES OF 0.9 PER CENT AND 0.8 PER IN MARCH AND APRIL RESPECTIVELY.

BY

CENT

AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS RECORDED ZERO GROWTH OVER THE YEAR, WHILE NON-U.S. DOLLAR DEPOSITS ROSE BY 1.5 PER CENT. TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 22.8 PER CENT.

AND DEPOSIT- DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS TAKING COMPANIES ROSE BY 1.5 PER CENT AND 3.9 PER CENT RESPECTIVELY IN

1.9 BY

PER MAY WHILE THOSE WITH RESTRICTED LICENCE BANKS DECLINED CENT.

COMPARED WITH A YEAR EARLIER, THEIR GROWTH RATES WERE PER CENT, -12.1 PER CENT AND 36.9 PER CENT RESPECTIVELY.

MONEY SUPPLY

HK$M1 FELL BY 1.3 PER CENT WHILE HK$M2 AND HK$M3 BOTH ROSE 2.1 PER CENT IN MAY. THEIR CORRESPONDING GROWTH RATES IN APRIL 0.4 PER CENT, 1.0 PER CENT AND 1.0 PER CENT.

FOR THE 12 MONTHS ENDING MAY, THESE MONETARY AGGREGATES BY 3.8 PER CENT, 13.8 PER CENT AND 11.5 PER CENT RESPECTIVELY.

/TOTAL M1

18.4

BY

WERE

ROSE