XN000022-1990-10-03 — Page 3

LOANS AND ADVANCES

2

WEDNESDAY, OCTOBER 3, 1990

AUTHORISED TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY

INCREASES INSTITUTIONS INCREASED BY 6.7 PER CENT IN AUGUST, FOLLOWING

OF OF 3.0 PER CENT AND 0.7 PER CENT IN JUNE AND JULY RESPECTIVELY.

KONG DOLLARS THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG GREW BY 0.6 PER CENT DURING AUGUST, WHILE THOSE DENOMINATED IN FOREIGN CURRENCIES ROSE BY 10.6 PER CENT.

0.9 PER CENT GREW BY

LOANS ΤΟ FINANCE VISIBLE TRADE OF HONG KONG ROSE BY CENT IN AUGUST, FOLLOWING INCREASES OF 2.2 PER CENT AND 0.5 PER IN JUNE

OVER THE YEAR, THESE LOANS AND JULY RESPECTIVELY. ONLY 0.5 PER CENT.

OTHER LOANS FOR USE IN HONG KONG GREW BY 1.5 PER CENT IN AUGUST AND COMPARED WITH INCREASES OF 1.5 PER CENT AND 0.6 PER CENT IN JUNE JULY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY 18.6 PER CENT.

LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 13.1 PER CENT AUGUST, FOLLOWING INCREASES OF 4.1 PER CENT AND 0.6 PER CENT IN AND JULY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW BY CENT.

IN

JUNE

93.9 PER

LOANS TO

ROSE

HONG FINANCE MERCHANDISING TRADE NOT TOUCHING BY 14.9 PER CENT IN AUGUST, AFTER DECLINES OF 4.8 PER 5.1 PER

OVER THE CENT IN JUNE AND JULY RESPECTIVELY. LOANS INCREASED BY 11.6 PER CENT.

KONG CENT AND

THESE. YEAR,

NUMBER OF REPORTING INSTITUTIONS

UNCHANGED AT

THE NUMBER OF REPORTING LICENSED BANKS REMAINED 164 WHILE THAT OF RESTRICTED LICENCE BANKS INCREASED BY TWO TO 40 THAT OF DEPOSIT-TAKING COMPANIES DECREASED BY TWO TO 194.

AND

NOTES:

(1)

+

BEFORE FEBRUARY 1, 1990, "DEPOSIT-TAKING COMPANIES" DEPOSIT-TAKING COMPANIES" AND "REGISTERED DEPOSIT-TAKING COMPANIES" RESPECTIVELY.

"RESTRICTED LICENCE WERE KNOWN

AS

BANKS" AND "LICENSED

(2)

IN THE TEXT ABOVE, TOTAL HK$ DEPOSITS, HK$ TIME DEPOSITS,

SWAP AND HK$M3 HAVE BEEN ADJUSTED TO INCLUDE FOREIGN CURRENCY DEPOSITS AND US$ DEPOSITS HAVE TO EXCLUDE SWAP DEPOSITS.

HK$M2 DEPOSITS. TOTAL BEEN ADJUSTED

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

INTO TIME ENTERING

SUCH FOREIGN A CONTRACT TO SELL

THE CURRENCIES (PRINCIPAL PLUS INTEREST) FORWARD IN LINE WITH MATURITY OF SUCH DEPOSITS. FOR MOST ANALYTICAL PURPOSES, THRY SHOULD BE REGARDED AS HONG KONG DOLLAR DEPOSITS.

:

/MONETARY STATISTICS