XN000022-1994-04-30 — Page 3

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SATURDAY, APRIL 30, 1994

MONETARY STATISTICS FOR MARCH 1994

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS AND THE BROADEST HONG KONG DOLLAR MONEY SUPPLY, HK$M3, GREW MARGINALLY DURING MARCH, ACCORDING TO STATISTICS PUBLISHED TODAY (SATURDAY) BY THE HONG KONG MONETARY AUTHORITY.

DEPOSITS

HONG KONG DOLLAR DEPOSITS WITH AUTHORISED INSTITUTIONS (ADJUSTED TO INCLUDE SWAP DEPOSITS) ROSE BY 0.1% IN MARCH, FOLLOWING AN INCREASE OF 11.6% IN JANUARY AND A DECREASE OF 8.3% IN FEBRUARY.

AMONG THESE DEPOSITS, DEMAND DEPOSITS AND SAVING DEPOSITS FELL BY 5.9% AND 3.4% RESPECTIVELY WHEREAS TIME DEPOSITS INCREASED BY 3.4%. YEAR-ON-YEAR, TOTAL HONG KONG DOLLAR DEPOSITS GREW BY 18.6%.

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FOREIGN CURRENCY DEPOSITS WITH AUTHORISED INSTITUTIONS DECREASED BY 1.2% IN MARCH, AFTER AN INCREASE OF 1.2% IN JANUARY AND A DECREASE OF 1.2% IN FEBRUARY.

OF THESE DEPOSITS, U.S. DOLLAR DEPOSITS AND NON-U.S. DOLLAR FOREIGN CURRENCY DEPOSITS FELL BY 0.8% AND 1.5% RESPECTIVELY. YEAR- ON-YEAR, TOTAL FOREIGN CURRENCY DEPOSITS GREW BY 0.6%.

LICENSED BANKS

DURING MARCH, DEPOSITS IN ALL CURRENCIES WITH AND DEPOSIT-TAKING COMPANIES DECREASED BY 0.6% EACH WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS INCREASED BY 4.0%.

YEAR-ON-YEAR, DEPOSITS WITH LICENSED BANKS GREW BY 9.9% WHILE DEPOSITS WITH RESTRICTED LICENCE BANKS AND DEPOSIT-TAKING COMPANIES DECLINED BY 24.0% AND 1.1% RESPECTIVELY.

MONEY SUPPLY

HKSM1 DECREASED BY 4.1% WHILE BOTH HK$M2 AND HK$M3 INCREASED BY 0.1% EACH IN MARCH. THEIR CORRESPONDING RATES OF CHANGE IN FEBRUARY WERE -4.8%. -7.5% AND -7.4% RESPECTIVELY. YEAR-ON-YEAR, HK$M1, HK$M2 AND HK$M3 INCREASED BY 20.2%, 20.8% AND 19.5% RESPECTIVELY.

TOTAL M1. M2 AND M3 DECREASED BY 4.7%. 0.4% AND 0.3%

RESPECTIVELY IN MARCH. IN FEBRUARY, THEIR CORRESPONDING RATES OF CHANGE WERE -4.0%, -4.7% AND -4.4% RESPECTIVELY. YEAR-ON-YEAR, TOTAL M1, M2 AND M3 ROSE BY 20.9%, 11.0% AND 10.9% RESPECTIVELY.

/LOANS AND