XN000022-1992-04-01 — Page 49

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WEDNESDAY, APRIL 1, 1992

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 11.8% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 4.9% AND 26.3% RESPECTIVELY.

MONEY SUPPLY

HK$M1, HK$M2 AND HK$M3 DECREASED BY 10.5%, 1.0% AND 1.0% RESPECTIVELY DURING FEBRUARY 1992, COMPARED WITH THE CORRESPONDING GROWTH RATES OF 12.5%, 0.7% AND 0.5% DURING JANUARY 1992.

YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 12.3%, 14.4% AND 12.7% RESPECTIVELY. THE GROWTH IN THE BROADEST DEFINITION OF HONG KONG DOLLAR MONEY SUPPLY HAS BEEN BROADLY IN LINE WITH THE GROWTH IN ECONOMIC ACTIVITY.

TOTAL M1, M2 AND M3 DECREASED BY 9.0%, 0.4% AND 0.4% RESPECTIVELY DURING FEBRUARY 1992.

THEIR CORRESPONDING GROWTH RATES DURING JANUARY 1992 WERE 10.0%, 1.2% AND 1.0%. YEAR-ON-YEAR, THESE MONETARY AGGREGATES GREW BY 10.0%, 11.6% AND 10.3% RESPECTIVELY.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS FELL BY 0.4% DURING FEBRUARY 1992, AFTER INCREASING BY 3.5% AND 1.4% DURING DECEMBER 1991 AND JANUARY 1992 RESPECTIVELY.

OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG KONG DOLLAR INCREASED BY 0.4%, WHILE THOSE DENOMINATED IN FOREIGN CURRENCY FELL BY 0.8%. YEAR-ON-YEAR, THESE LOANS INCREASED BY 18.6% AND 23.6% RESPECTIVELY.

LOANS TO FINANCE VISIBLE TRADE OF HONG KONG DECREASED BY 2.4% DURING FEBRUARY 1992, AFTER A DECREASE OF 0.2% IN DECEMBER 1991 AND AN INCREASE OF 1.2% DURING JANUARY 1992. YEAR-ON-YEAR, SUCH LOANS GREW

BY 10.9%.

OTHER LOANS FOR USE IN HONG KONG INCREASED

BY 0.2% DURING FEBRUARY 1992, FOLLOWING INCREASES OF 1.6% AND 1.7% DURING DECEMBER 1991 AND JANUARY 1992 RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS INCREASED BY 17.8%.

LOANS FOR USE OUTSIDE HONG KONG FELL BY 0.5% DURING FEBRUARY 1992, AFTER INCREASES OF 5.1% AND 1.1% DURING DECEMBER 1991 AND JANUARY 1992 RESPECTIVELY. YEAR-ON-YEAR, THESE LOANS GREW BY 38.1%.

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