XN000022-1990-08-03 — Page 2

FRIDAY, AUGUST 3, 1990

MONETARY STATISTICS FOR JUNE PUBLISHED

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

ALL DEFINITIONS

OF HONG KONG DOLLAR MONEY SUPPLY INCREASED LOANS AND ADVANCES ALSO RECORDED AN INCREASE

TOTAL

DURING JUNE. DURING THE MONTH.

TABLE 1 SETS OUT SUMMARY FIGURES FOR JUNE 1990 AND COMPARISONS WITH EARLIER MONTHS. TABLE 2 PRESENTS FIGURES FROM THE QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR.

DEPOSITS

INSTITUTIONS,

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED ADJUSTED ΤΟ INCLUDE SWAP DEPOSITS, GREW BY 3.7 PER CENT IN JUNE, FOLLOWING INCREASES OF 1.2 PER CENT AND 2.3 PER CENT IN APRIL AND MAY RESPECTIVELY.

OF THESE DEPOSITS, DEMAND, SAVINGS AND TIME DEPOSITS ROSE BY 4.6 PER CENT, 9.5 PER CENT AND 1.0 PER CENT RESPECTIVELY IN JUNE.

THE SUBSTANTIAL GROWTH IN SAVINGS DEPOSITS WAS PARTLY DUE ΤΟ SEASONAL FACTORS, INCLUDING THE CREDITING OF HALF-YEAR INTEREST INTO SAVINGS ACCOUNTS. ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 15.7 PER CENT IN JUNE.

BY

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE 1.2 PER CENT IN JUNE, AFTER INCREASES OF 0.8 PER CENT IN BOTH APRIL AND MAY. AMONG THESE DEPOSITS, U.S. DOLLAR DEPOSITS AND NON-U.S. DOLLAR DEPOSITS ROSE BY 2.6 PER CENT AND 0.2 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 26.8 PER CENT.

DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS AND DEPOSIT- TAKING COMPANIES ROSE BY 2.5 PER CENT AND 0.6 PER CENT RESPECTIVELY IN JUNE WHILE THOSE WITH RESTRICTED -LICENCE BANKS DECLINED BY 2.5 PER CENT. COMPARED WITH A YEAR EARLIER, THEIR GROWTH RATES WERE 22.6 PER CENT, -11.9 PER CENT AND 38.6 PER CENT RESPECTIVELY.

MONEY SUPPLY

HK$MI,

HK$M2 AND HK$M3 ROSE BY 2.6 PER CENT, 3.6 PER CENT

THEIR CORRESPONDING GROWTH RATES

AND

3.4 PER CENT IN JUNE RESPECTIVELY.

IN MAY WERE -1.3 PER CENT, 2.1 PER CENT AND 2.1 PER CENT. FOR THE 12 MONTHS ENDING JUNE, THESE MONETARY AGGREGATES ROSE BY 7.4 PER CENT, 16.9 PER CENT AND 14.7 PER CENT RESPECTIVELY.

/TOTAL M1