XN000022-1993-11-30 — Page 8

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TUESDAY, NOVEMBER 30, 1993

DEMAND

AS THE SUBSCRIPTION MONIES WERE PARTLY PLACED AS DEPOSITS AND PARTLY PLACED AS TIME DEPOSITS, DEMAND AND TIME DEPOSITS ROSE BY 52.3% AND 8.9% RESPECTIVELY DURING THE MONTH.

SAVINGS DEPOSITS INCREASED BY 1.7%.

KONG DOLLAR DEPOSITS GREW BY 7.6%.

YEAR-ON-YEAR, TOTAL HONG

THIS MODERATE GROWTH RATE WAS DUE TO A SHARE SUBSCRIPTION EXERCISE IN THE SAME MONTH LAST YEAR, WHICH INVOLVED AN EVEN LARGER AMOUNT OF SUBSCRIPTION MONIES AND INFLATED THE BASE OF COMPARISON.

FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS INCREASED BY 1.6% IN OCTOBER, AFTER AN INCREASE OF 0.5% IN AUGUST AND A DECREASE OF 2.1% IN SEPTEMBER.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS AND NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS ROSE BY 1.8% AND 1.4% RESPECTIVELY. YEAR- ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 5.6%.

DURING OCTOBER, DEPOSITS IN ALL CURRENCIES WITH LICENSED AND RESTRICTED LICENCE BANKS INCREASED BY 6.5% AND 6.7% RESPECTIVELY WHILE DEPOSITS WITH DEPOSIT-TAKING COMPANIES DECREASED BY 1.4%.

BANKS

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 7. 3% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 18.0% AND 9.2% RESPECTIVELY.

MONEY SUPPLY

10.9%

HK$M1, HK$M2 AND HK$M3 INCREASED BY 31.4%, RESPECTIVELY IN OCTOBER. THEIR CORRESPONDING RATES OF SEPTEMBER WERE -2.5%, +0.9% AND +0.9% RESPECTIVELY.

AND 10.7% CHANGE IN

AND HKSM3 WERE

YEAR-ON-YEAR, HK$M1 DECLINED BY 11.6% WHILE HK$M2 INCREASED BY 9.2% AND 8.4% RESPECTIVELY. THESE GROWTH RATES DISTORTED BY THE HIGH COMPARISON BASES.

TOTAL M1, M2 AND M3 INCREASED BY 27.1%, 6.2% AND RESPECTIVELY IN OCTOBER.

6.2%

IN SEPTEMBER, THEY DECLINED BY 2.1%. 0.5% AND 0.5% RESPECTIVELY. YEAR-ON-YEAR, TOTAL M1 FELL BY 10.1% WHILE TOTAL M2 AND M3 ROSE BY 7.9% AND 7.4% RESPECTIVELY.

LOANS AND ADVANCES

TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY AUTHORISED INSTITUTIONS INCREASED BY 0.6% IN OCTOBER, FOLLOWING INCREASES OF 0.9% AND 0.01% IN AUGUST AND SEPTEMBER RESPECTIVELY.

AMONG THESE LOANS, HONG KONG DOLLAR LOANS INCREASED BY 6.4% WHILE FOREIGN CURRENCY LOANS DECREASED BY 2.2%.

/COMPARED WITH