XN000022-1992-09-01 — Page 5

TUESDAY, SEPTEMBER 1, 1992

MONETARY STATISTICS FOR JULY

STATISTICS PUBLISHED TODAY (TUESDAY) BY THE BRANCH SHOWED THAT HONG KONG DOLLAR DEPOSITS INSTITUTIONS RECORDED A SLIGHT INCREASE DURING JULY.

MONETARY AFFAIRS WITH AUTHORISED

CONSISTENT WITH THIS, HONG KONG DOLLAR MONEY SUPPLY ON DEFINITIONS ROSE DURING THE MONTH.

HONG KONG DOLLAR LOANS AND ADVANCES ALSO INCREASED IN JULY.

DEPOSITS

ALL

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, ROSE BY 0.6% IN JULY FOLLOWING INCREASES OF 3.7% AND 2.1% IN MAY AND JUNE RESPECTIVELY.

AMONG THESE DEPOSITS, DEMAND DEPOSITS FELL BY 0.9%. SAVINGS DEPOSITS INCREASED BY 0.9% WHILE TIME DEPOSITS INCREASED BY 0.7%.

YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS REGISTERED AN INCREASE OF 18.9%.

FOREIGN CURRENCY

DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED BY 0.6% IN JULY, AFTER INCREASES OF 1.6% AND 0.4% IN MAY AND JUNE RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS INCREASED BY 0.2% WHILE NON-U.S. DOLLAR DEPOSITS DECREASED BY 1.2%.

YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 9.1%.

DURING JULY, DEPOSITS IN ALL CURRENCIES WITH LICENSED BANKS ROSE BY 0.2% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT- TAKING COMPANIES DROPPED BY 6.8% AND 3.3% RESPECTIVELY.

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 14.9% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 6.8% AND 27.2% RESPECTIVELY.

MONEY SUPPLY

HK$M1, HK$M2 AND HK$M3 INCREASED BY 0.4%, 0.8% AND 0.8% RESPECTIVELY IN JULY, COMPARED WITH INCREASES OF 6.1%, 2.2% AND 2.0% IN JUNE.

YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 32.6%, 20.7% AND 18.8% RESPECTIVELY.

/TOTAL M1