Foreign currency
first quarter while Hong
still appeared to be having some effect. deposits rose by 10.9% during the first Kong dollar deposits decreased by 1.4% (4).
Negotiable certificates of deposit
3.5
The value of outstanding negotiable certificates of
deposit issued in Hong Kong continued to increase, from $11,483 million at the end of December to $12,230 million at
local
the end of March. Of this, 83.6% were issued by banks; and
48.0% of CDs issued were held by local deposit-taking institutions (5). The limited specification of certificates of deposits as
as liquid assets, announced by the
Financial Secretary in his Budget Speech, was gazetted on 31st
March.
(4)
/Foreign
Quarterly growth rates of deposits
with banks and deposit-taking companies (%)
Total
HK$
Foreign currencies
1982 01
+7.3
-0.8
+44.3
Q2
+12.9
-2.5
+61.8
Q3
+12.6
+3.8
+29.3
Q4
+4.8
+0.4
+11.7
1983
Q1
+3.8
-1.4
+10.9
As at end of
March 1983
($mn)
242,920
133,457
109,463
(5) Negotiable certificates of deposit issued by banks and deposit-taking
companies in Hong Kong ($mn):
Issued
and outstanding
Held by banks & dtcs
Held outside the monetary sector
As at end
of which
of which
of which
of quarter
Total
in HK$
Total
in HK$
Total
in HK$
1982 Q1
7,384
4,002
3,592
2,094
3,792
1,908
Q2
8,909 4,670
4,482
2,392
4,427
2,279
03
9,856 4,914
4,733
2,443
5,123
2,471
Q4
11,483
5,318
5,450
2,889
6,033
2,429
1983 Q1
12,230
5,687
5,865
3,179
6,365
2,508
15
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