XN000022-1990-09-03 — Page 7

LOANS AND ADVANCES

MONDAY, SEPTEMBER 3, 1990

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 0.7 PER CENT IN JULY, FOLLOWING INCREASES OF 6.8 PER CENT AND 3.0 PER CENT IN MAY AND JUNE RESPECTIVELY.

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 0.2 PER CENT DURING JULY, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES ROSE BY 1.1 PER CENT.

LOANS то FINANCE VISIBLE TRADE OF HONG KONG ROSE BY 0.5 PER CENT IN JULY, FOLLOWING INCREASES OF 1.2 PER CENT AND 2.2 PER CENT IN MAY AND JUNE RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY ONLY

2.1 PER CENT.

OTHER LOANS FOR USE IN HONG KONG GREW BY 0.6 PER CENT IN JULY COMPARED WITH INCREASES OF 0.9 PER CENT AND 1.5 PER CENT IN MAY AND JUNE RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 18.9 PER CENT.

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 0.6 PER CENT IN JULY, FOLLOWING INCREASES OF 13.6 PER CENT AND 4.1 PER CENT IN MAY AND JUNE RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 78.5 PER CENT.

LOANS ΤΟ FINANCE MERCHANDISING TRADE NOT TOUCHING HONG KONG DECLINED BY 5.1 PER CENT IN JULY, AFTER DECLINES OF 3.1 PER CENT AND 4.8 PER CENT IN MAY AND JUNE RESPECTIVELY. OVER THE YEAR, THESE LOANS DECLINED BY 8.4 PER CENT.

NUMBER OF REPORTING INSTITUTIONS

THE NUMBERS OF REPORTING LICENSED BANKS, RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT 164, 38 AND 196 RESPECTIVELY.

NOTES :

(1)

BEFORE FEBRUARY 1,

AND

1990, "RESTRICTED LICENCE BANKS "DEPOSIT-TAKING COMPANIES" WERE KNOWN AS "LICENSED DEPOSIT-TAKING COMPANIES"

"REGISTERED

DEPOSIT-TAKING

M

AND

COMPANIES"

(2)

RESPECTIVELY.

IN THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS, HK$M2 AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE SWAP DEPOSITS. TOTAL FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE BEEN ADJUSTED TO EXCLUDE SWAP DEPOSITS.

"SWAP DEPOSITS" ARE DEPOSITS INVOLVING CUSTOMERS BUYING FOREIGN CURRENCIES (MOSTLY U.S. DOLLARS) IN THE SPOT MARKET AND PLACING THEM AS DEPOSITS WITH AUTHORISED INSTITUTIONS, WHILE AT THE SAME TIME ENTERING INTO A CONTRACT TO SELL SUCH FOREIGN CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH THE MATURITY OF SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THEY SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.

/TABLE 1