still appeared to be having some effect.
Foreign currency
deposits rose by 10.9% during the first quarter while
while Hong Kong dollar deposits decreased by 1.48 (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 $12,230 million at
the end of March. Of this, 83.6% were issued by banks; and
48.0% of CDs issued were held by local deposit-taking
institutions
The limited specification of local
certificates of deposits as liquid assets, announced by the Financial Secretary in his Budget Speech, was gazetted on 31st
March.
(5).
/Foreign
(4)
Quarterly growth rates of deposits
with banks and deposit-taking companies (%)
Total
HK$
1982 Q1
+7.3
-0.8
Foreign currencies
+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 outside the monetary sector
Held by banks & dtcs
As at end of quarter
of which
of which
of which
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
Q3
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
01
12,230
5,687
5,865
3,179
6,365
2,508
15
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