1
3.5
Finally,
in
large registered deposit-taking company,
a licence under the Banking Ordinance February 1982, began to operate as a bank in March.
which was granted
The money supply
3.6
(5)
During the first quarter, total M3 grew by 7% while
slightly (6)
As was the case during most of
HK$M3 fell
/1981
(5)
The monetary aggregates are derived from the new series of statistics collected under the Monetary Statistics Ordinance. This series has now replaced the original series
the original series of statistics prepared by the Commissioner of Banking, which will no longer be published.
M1
-
-
The definitions of the money supply are :
Legal tender notes and coins in the hands of the non-bank and non-deposit-taking company public, plus demand deposits (other than from banks and deposit-taking companies) with licensed banks.
M2 Ml plus savings and time deposits (other than from banks and deposit-taking companies) with licensed banks.
M3
and
both
M2 plus deposits from the non-bank non-deposit-taking company public with licensed and registered deposit-taking companies.
(6) Quarterly Growth Rates of the Money Supply (%)
(quarter on previous quarter)
M1
M2
M3
Total
HK$
Total
HK$
Total
HK$
1981 Q1
1982 Q1
aaaaa
-1.6
-0.6
+5.2
+5.3
+6.9
+7.1
Q2
+0.6
+0.3
+5.3
+2.9
+12.5
+8.5
Q3
+1.5
+0.9
+1.5
-1.2
+0.8
-0.4
Q4
+3.6
+2.2
+8.0
+6.2
+5.2
+4.6
-0.9
-1.7
+14.0
+3.9
+7.1
-0.5
As at end
of March
1982
($mn)
24,968
23,348 133,143
100,546
189,354 145,245
14
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