ENG-1990 — Page 476

418

APPENDICES

APPENDIX 13

(Chapter 6: Financial and Monetary Affairs)

Money Supply

$ Million

As at end of year

HK$

1988 Foreign currency

1989

Foreign

Total

HK$

currency

Total

HK$

1990 Foreign currency

Total

Legal tender coins and notes in circulation

Commercial bank issues (A)

31,826

31,826 37,286

37,286

40,886

40,886

The Hongkong and Shanghai Banking

Corporation Limited

26,734

26,734

31,264

31,264

34,764

34,764

Standard Chartered Bank

5,092

5,092

6,022

6,022

6,122

6,122

Government issues (B)

2,262

2,262

2,384

2,384

2,373

2,373

One thousand-dollar gold coins

372

372

372

372

372

372

Five-dollar coins

624

624

679

679

666

666

Two-dollar coins

493

493

522

522

501

501

One-dollar coins

417

417

433

433

452

452

355

355

377

377

381

381

1

1

1

1

Subsidiary coins

One-cent notes

Authorized institutions' holdings of legal

tender coins and notes (C)

4,210

4,210

5,478

5,478

5,568

5,568

Legal tender coins and notes in hands of

public (A+B-C)=(D)

29,877

29,877

34,192

34,192

37,691

37,691

Demand deposits with licensed banks (E)

Time deposits with licensed banks (F) #

Negotiable certificates of deposit issued by licensed banks (other than those held by authorized institutions) (G)

Savings deposits with licensed banks (H)

Deposits with restricted licence banks and deposit-taking companies (I)

49,381 9,577 58,958

189,326 355,176 544,502 (145,637) (398,865)

50,992 9,675

60,666

54,132 15,683

69,815

234,847 448,955 (171,725) (512,077)

683,802

275,692 577,940 853,632 (207,959) (645,673)

11,219 4,563 15,782

118,951 56,578 175,529

11,665

5,325

16,990

12,682

135,413 57,773

4,557 17,238

193,186 159,468 72,204 231,672

32,775

33,756 66,531

29,511 40,493

70,004 30,822

45,329 76,152

Negotiable certificates of deposit issued by

restricted licence banks and deposit-taking companies (other than those held by authorized institutions) (J)

1,213

951

2,164

879

488

1,367

725

1,101

1,826

Money supply

Definition 1 (D+E)

Definition 2 (D+E+F+G+H) #

Definition 3 (D+E+F+G+H+I+J) #

79,257 9,577 88,834

398,754 425,894 824,648 (355,065) (469,583)

432,741 460,602 893,342 (389,052) (504,291)

85,183 9,675 94,858

467,109 521,727 988,836 (403,987) (584,849)

497,498 562,709 1,060,207 (434,376) (625,831)

91,826 15,683 107,509

539,667 670,383 1,210,050 (471,934) (738,116)

571,215 716,813 1,288,028 (503,482) (784,546)

# Adjusted for foreign currency swap deposits. Unadjusted figures are shown in brackets. Foreign currency swap deposits are deposits involving customers buying foreign currencies in the spot market and placing them as deposits with authorized institutions, while at the same time entering into a forward contract to sell such foreign currencies (principal plus interest) upon maturity of such deposits. For most analytical purposes, they should be regarded as Hong Kong dollar deposits.