XN000022-1991-04-06 — Page 2

SATURDAY, APRIL 6, 1991

MONETARY STATISTICS FOR FEBRUARY PUBLISHED

HONG

KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED MARGINALLY DURING FEBRUARY, FOLLOWING INCREASES IN THE PRECEDING TWO MONTHS, ACCORDING TO STATISTICS PUBLISHED TODAY (SATURDAY) BY THE MONETARY AFFAIRS BRANCH.

ALL DEFINITIONS OF HONG KONG DOLLAR MONEY SUPPLY INCREASED DURING THE MONTI NOTWITHSTANDING THE DECREASE IN HONG KONG DOLLAR DEPOSITS BECAUSE THE LATTER WAS MORE THAN OFFSET BY THE 1NCREASE IN THE NOTES AND COINS HELD BY THE PUBLIC AROUND THE CHINESE NEW YEAR.

HONG KONG DOLLAR LOANS AND ADVANCES

GROWTH IN FEBRUARY.

DEPOSITS

ALSO REGISTERED

SLOWER

HONG

→

INSTITUTIONS,

FEBRUARY

KONG POLLAR DEPOSITS WITH AUTHORISED ADJUSTED TO INCLUDE SWAP DEPOSITS DECREASED BY 0.6% IN FOLLOWING INCREASES OF 1.4% AND 2.1% IN DECEMBER 1990 AND JANUARY 1991 RESPECTIVELY.

OF THESE DEPOSITS, DEMAND DEPOSITS AND TIME DEPOSITS DECREASED BY 1.0% AND 1.8% RESPECTIVELY WHILE SAVINGS DEPOSITS INCREASED BY 1.7% IN FEBRUARY. COMPARED WITH A YEAR AGO, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 16.1%.

BY

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS FELL 0.4% IN FEBRUARY, AFTER INCREASES OF 1.5% AND 1.9% IN DECEMBER 1990 AND JANUARY 1991 RESPECTIVELY,

AMONG THESE DEPOSITS U.S. DOLLAR DEPOSITS FELL BY 3.3%

+

WHILE NON-U.S. DOLLAR DEPOSITS ROSE BY 1.8% IN FEBRUARY. OVER THE YEAR, TOTAL FOREIGN CURRENCY DEPOSITS INCREASED BY 21.5%.

DURING FEBRUARY, DEPOSITS OF ALL CURRENCIES WITH LICENSED BANKS, RESTRICTED LICENCR BANKS AND DEPOSIT-TAKING COMPANIES FELL BY 0.2%, 5.6% AND 3.4% RESPECTIVELY.

COMPARED WITH NEAR EARLIER, DEPOSITS WITH LICENSED BANKS RESTRICTED LICENCE BANKS INCREASED RESPECTIVELY BY 20.3% AND WHILE THAT WITH DEPOSIT-TAKING COMPANIES FELL BY 6.1%.

AND 10.3%

MONEY SUPPLY

2.3% AND 1.9%.

HK$M1, HK$M2 AND HKSM3 INCREASED BY 3.2%, 0.1% AND 0.1% RESPECTIVELY IN FEBRUARY. THEIR CORRESPONDING GROWTH JANUARY WERE 5.7%,

LESS

RATES

THAN IN

/OVER THE

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