XN000022-1993-09-29 — Page 5

DEPOSITS

4

WEDNESDAY, SEPTEMBER 29, 1993

HONG KONG DOLLAR DEPOSITS WITH

AUTHORISED

INSTITUTIONS,

ADJUSTED TO INCLUDE SWAP DEPOSITS, FELL BY 0.8% IN AUGUST FOLLOWING DECREASE OF 0.2% IN JUNE AND AN INCREASE OF 4.5% IN JULY.

A

AMONG THESE DEPOSITS, DEMAND DEPOSITS AND SAVINGS DEPOSITS INCREASED BY 5.2% AND 1.1% RESPECTIVELY WHILE TIME DEPOSITS DECREASED BY 3.3%.

YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 16.9%.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 0.5% IN AUGUST, AFTER A DECREASE OF 0.8% IN JUNE AND AN INCREASE OF 0.5% IN JULY RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS ROSE BY 2.3% WHILE NON- U.S. DOLLAR FOREIGN CURRENCY DEPOSITS DECREASED BY 1.1%. YEAR-ON- YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 8.8%.

DURING AUGUST, DEPOSITS IN ALL CURRENCIES WITH LICENSED BANKS AND DEPOSIT-TAKING COMPANIES DECREASED BY 0.1% AND 0.2% RESPECTIVELY WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS INCREASED BY 0.3%.

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 13.8% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 23.5% AND 11.3% RESPECTIVELY.

MONEY SUPPLY

HK$M1 INCREASED BY 3.9% IN AUGUST WHILE BOTH HK$M2 AND HK$M3 DECREASED BY 0.5%. THEIR CORRESPONDING GROWTH RATES IN JULY WERE -1.8%, 4.3% AND 4.2% RESPECTIVELY.

YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 24.3%, 18.6% AND 17.2% RESPECTIVELY.

RECORDED

TOTAL M1 INCREASED BY 4.3% WHILE BOTH TOTAL M2 AND M3 INSIGNIFICANT CHANGES IN AUGUST. THEIR CORRESPONDING GROWTH RATES JULY WERE -1.7%, 2.4% AND 2.3% RESPECTIVELY.

IN

YEAR-ON-YEAR, THESE MONETARY AGGREGATES INCREASED BY 23.9%, 14.2% AND 13.1% RESPECTIVELY.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 0.9% IN AUGUST, FOLLOWING INCREASES OF 0.7% AND 2.1% IN JUNE AND JULY RESPECTIVELY.

AMONG THESE LOANS, HONG KONG DOLLAR LOANS DECREASED BY 0.2% WHILE FOREIGN CURRENCY LOANS INCREASED BY 1.4%.

/COMPARED WITH