XN000022-1990-11-05 — Page 2

MONDAY, NOVEMBER 5, 1990

MONETARY STATISTICS FOR SEPTEMBER 1990

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS REGISTERED A SLIGHT DECLINE DURING SEPTEMBER AFTER THE STRONG INCREASES RECORDED IN RECENT MONTHS, ACCORDING TO STATISTICS PUBLISHED TODAY (MONDAY) BY THE MONETARY AFFAIRS BRANCH.

CONSISTENT WITH THIS, ALL BROADER DEFINITIONS OF HONG KONG DOLLAR MONEY SUPPLY FELL DURING THE MONTH.

TOTAL LOANS AND INCREASE DURING SEPTEMBER.

DEPOSITS

ADVANCES, ON THE OTHER HAND, RECORDED AN

HONG KONG DOLLAR DEPOSITS WITH

AUTHORISED INSTITUTIONS,

ADJUSTED TO INCLUDE SWAP DEPOSITS, DECLINED SLIGHTLY BY 0.2 PER CENT IN SEPTEMBER, FOLLOWING THE SUBSTANTIAL INCREASES OF 2.4 PER CENT AND 3.2 PER CENT IN JULY AND AUGUST RESPECTIVELY.

OF THESE DEPOSITS, DEMAND DEPOSITS ROSE BY 0.3 PER CENT WHILE SAVINGS AND TIME DEPOSITS FELL BY 0.1 PER CENT AND 0.4 PER CENT RESPECTIVELY IN SEPTEMBER. ON A YEAR-ON-YEAR COMPARISON, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 18.6 PER CENT IN SEPTEMBER.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS ROSE BY 3.5 PER CENT IN SEPTEMBER, AFTER INCREASES OF 0.3 PER CENT AND 3.6 PER CENT IN JULY AND AUGUST RESPECTIVELY.

AMONG THESE DEPOSITS, US DOLLAR AND NON-US DOLLAR DEPOSITS ROSE BY 1.3 PER CENT AND 5.4 PER CENT RESPECTIVELY. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 31.6 PER CENT.

DURING SEPTEMBER, DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS ROSE BY 1.7 PER CENT WHILE THOSE WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES ROSE BY 4.9 PER CENT AND 1.5 PER CENT

RESPECTIVELY.

COMPARED WITH A YEAR EARLIER, DEPOSITS WITH LICENSED BANKS INCREASED BY 26.2 PER CENT. DEPOSITS WITH RESTRICTED LICENCE BANKS

BY ROSE BY 61 PER CENT WHILE THOSE WITH DEPOSIT-TAKING COMPANIES FELL 12.2 PER CENT.

THE YEAR-ON-YEAR COMPARISONS ON DEPOSITS WITH THE LATTER TWO CATEGORIES WERE PARTLY AFFECTED BY THE UPGRADING OF FOUR DEPOSIT- TAKING COMPANIES TO THE STATUS OF RESTRICTED LICENCE BANKS.

/MONEY SUPPLY