XN000022-1990-10-03 — Page 2

1

WEDNESDAY, OCTOBER 3, 1990

MONETARY STATISTICS FOR AUGUST PUBLISHED

HONG

KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS REGISTERED ANOTHER CONSIDERABLE INCREASE DURING AUGUST, ACCORDING TO STATISTICS PUBLISHED TODAY (WEDNESDAY) BY THE MONETARY AFFAIRS BRANCH.

CONSISTENT WITH THIS, ALL DEFINITIONS OF HONG KONG DOLLAR MONEY SUPPLY ROSE DURING THE MONTH. TOTAL LOANS AND ADVANCES ALSO RECORDED AN INCREASE DURING AUGUST.

DEPOSITS

HONG

KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, GREW BY 3.2 PER CENT IN AUGUST, FOLLOWING INCREASES OF 3.7 PER CENT AND 2.4 PER CENT IN JUNE AND JULY RESPECTIVELY.

OF THESE DEPOSITS, DEMAND AND SAVINGS DEPOSITS ROSE BY 1. 6 CENT AND 11.5 PER CENT RESPECTIVELY WHILE TIME DEPOSITS FELL BY PRR CENT IN AUGUST. ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG DOLLAR DEPOSITS GREW BY 21.7 PER CENT IN AUGUST.

PBR

0.5 KONG

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE BY 3.6 PER CENT IN AUGUST, AFTER INCREASES OF 1.2 PER CENT AND 0.3 PER CENT IN JUNE AND JULY RESPECTIVELY.

AMONG THESE DEPOSITS, U.S. DOLLAR AND NON-U.S. DOLLAR DEPOSITS ROSE BY 3.4 PER CENT AND 3.7 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 27.7 PER CENT.

DURING AUGUST, DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS ROSE BY 3.3 PER CENT. PARTLY DUE TO THE UPGRADING OF A DEPOSIT-TAKING COMPANY ΤΟ THE STATUS OF AS A RESTRICTED LICENCE BANK, IN AUGUST, DEPOSITS OF ALL CURRENCIES WITH RESTRICTED LICENCE BANKS ROSE BY PER CENT WHILE THOSE WITH DEPOSIT-TAKING COMPANIES DECLINED BY 4.5 PER CENT.

13.7

COMPARED WITH A YEAR EARLIER, DEPOSITS WITH LICENSED BANKS AND RESTRICTED LICENCE BANKS INCREASED BY 25.6 PER CENT AND 63.6 PER CENT RESPECTIVELY WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL BY PER CENT.

11.1

MONEY SUPPLY

HK$M1,

AND

HK$M2 AND HK$M3 ROSE BY 1.8 PER CENT, 3.3 PER CENT 3.0 PER CENT RESPECTIVELY IN AUGUST. THEIR CORRESPONDING GROWTH RATES IN JULY WERE 0.8 PER CENT, 2.4 PER CENT AND 2.3 PER CENT. FOR THE 12 MONTHS ENDING AUGUST, THESE MONETARY AGGREGATES ROSE BY 8.9 PER CENT, 22.3 PER CENT AND 20.5 PER CENT RESPECTIVELY.

TOTAL M1, M2 AND M3 ROSE BY 2.7 PER CENT, 3.2 PER CENT AND PER CENT RESPECTIVELY IN AUGUST. THEIR CORRESPONDING GROWTH RATES JULY WERE 0.3 PER CENT, 1.6 PER CENT AND 1.3 PER CENT. OVER THE TOTAL M1, M2 AND M3 GREW BY 12.0 PER CENT, 24.7 PER CENT PER CENT RESPECTIVELY.

3.3

IN

YEAR

AND

24.1

/LOANS AND

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