XN000022-1993-04-30 — Page 14

FRIDAY, APRIL 30, 1993

12.

MONETARY STATISTICS FOR MARCH 1993

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS AND HONG KONG DOLLAR MONEY SUPPLY ON ALL DEFINITIONS INCREASED DURING MARCH 1993, ACCORDING TO STATISTICS PUBLISHED TODAY (FRIDAY) BY THE HONG KONG MONETARY AUTHORITY.

MONTH.

HONG KONG DOLLAR LOANS AND ADVANCES ALSO INCREASED DURING THE

DEPOSITS

PARTLY AFFECTED BY A SHARE FLOTATION EXERCISE, HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS, ADJUSTED TO INCLUDE SWAP DEPOSITS, ROSE BY 6.7% IN MARCH FOLLOWING INCREASES OF 1.3% AND

JANUARY AND FEBRUARY RESPECTIVELY.

IN

1.2%

AMONG THESE DEPOSITS, DEMAND DEPOSITS, SAVINGS DEPOSITS AND TIME DEPOSITS INCREASED BY 11.0%, 2.4% AND 6.7% RESPECTIVELY. YEAR- ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS OREW BY 22.8%.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED BY 0.2% IN MARCH, AFTER INCREASES OF 3.8% AND 0.1% IN JANUARY AND FEBRUARY RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS DECLINED BY 2.3% WHILE NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS INCREASED BY 1.8%. YEAR-ON- YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 9.7%.

DURING MARCH, DEPOSITS IN ALL CURRENCIES WITH LICENSED BANKS INCREASED BY 2.6% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DROPPED BY 2.3% AND 3.3% RESPECTIVELY.

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 16.6% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 5.8% AND 18.1% RESPECTIVELY,

MONEY SUPPLY

HK$M1, HK$M2 AND HK$M3 INCREASED BY 6.4%, 5.4% AND 5.2% RESPECTIVELY DURING MARCH. THEIR CORRESPONDING GROWTH RATES IN FEBRUARY WERE -7.1%, 0.3% AND 0.2% RESPECTIVELY. YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 23.4%, 23.2% AND 22.4% RESPECTIVELY.

TOTAL M1, M2 AND M3 INCREASED BY 5.0%, 2.5% AND 2.3% IN MARCH RESPECTIVELY. THEIR CORRESPONDING GROWTH RATES IN FEBRUARY WERK -7.8%, 0.2% AND

0.2% RESPECTIVELY. YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 21.5%, 16.7% AND 15.6% RESPECTIVELY.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 1.9% IN MARCH, FOLLOWING INCREASES OF 0.5% AND 3.6% IN JANUARY AND FEBRUARY RESPECTIVELY.

/AMONG THESE