XN000022-1994-03-30 — Page 7

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WEDNESDAY, MARCH 30, 1994

MONETARY STATISTICS FOR FEBRUARY 1994

*

HONG KONG

DOLLAR

DEPOSITS

WITH

AUTHORISED

INSTITUTIONS

JANUARY, THE

ACCORDING TO KONG MONETARY

DECREASED DURING FEBRUARY, OWING TO A HIGH COMPARISON BASE RESULTING

LATE EXERCISES IN FLOTATION FROM SHARE

BY (WEDNESDAY) STATISTICS PUBLISHED TODAY AUTHORITY.

HONG

KONG DOLLAR MONEY DOLLAR LOANS AND

THIS, THE BROADEST HONG WITH CONSISTENT HK$M3, SUPPLY,

IN FEBRUARY. HONG KONG DECLINED ADVANCES ALSO DECREASED DURING THE MONTH.

DEPOSITS

RESULT

DEPOSITS WITH DEPOSITS BOOKED 14.3%

INFLUENCED BY THE HIGH COMPARISON BASE IN JANUARY AS A OF A FEW SHARE FLOTATION EXERCISES, HONG KONG DOLLAR AUTHORISED INSTITUTIONS (ADJUSTED TO INCLUDE SWAP LOCALLY) FELL BY 8.3% IN FEBRUARY 1994, FOLLOWING A DECREASE OF IN DECEMBER 1993 AND AN INCREASE OF 11.6% IN JANUARY 1994.

AMONG THESE DEPOSITS, DEMAND DEPOSITS AND TIME DEPOSITS FRLL BY 8.7% AND 12.3% RESPECTIVELY DURING THE MONTH.

THE DECREASE WAS ATTRIBUTABLE TO THE REFUNDING OF MONIES FOR NEW SHARE ISSUES LAUNCHED IN LATE JANUARY.

SAVINGS DEPOSITS FELL MARGINALLY BY 0.1%. HONG KONG DOLLAR DEPOSITS GREW BY 25.3%.

APPLICATION

YEAR-ON-YEAR, TOTAL

FOREIGN CURRENCY

DEPOSITS

WITH

1.2%

AUTHORISED INSTITUTIONS DECREASED BY 1.2% IN FEBRUARY 1994, AFTER INCREASES OF 0.2% AND IN DECEMBER 1993 AND JANUARY 1994 RESPECTIVELY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS DECREASED BY 2.5% WHILE AN INSIGNIFICANT NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS RECORDED CHANGE.

YEAR-ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 1.5%.

1

LICENSED

DURING FEBRUARY 1994, DEPOSITS IN ALL CURRENCIES WITH BANKS DECREASED BY 5.0% WHILE DEPOSITS WITH RESTRICTED LICENCE AND DEPOSIT-TAKING COMPANIES INCREASED BY 0.8% EACH.

BANKS

WHILE YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 13.4%

DEPOSIT-TAKING COMPANIES DEPOSITS WITH RESTRICTED LICENCE BANKS AND DECLINED BY 28.7% AND 3.8% RESPECTIVELY.

MONEY SUPPLY

HK$M2 HK$M1,

AND

4.8%, 7.5% AND 7.4% DECREASED BY HK$M3 RESPECTIVELY IN FEBRUARY, COMPARED WITH INCREASES OF 11.6%, 11.3%

YEAR-ON-YEAR, HK$M1, HK$M2 AND 11.0% RESPECTIVELY IN JANUARY. INCREASED BY 33.4%, 27.2% AND 25.5% RESPECTIVELY.

AND

HK$M3

/TOTAL M1,