ENG-1992 — Page 485

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APPENDICES

APPENDIX 13

(Chapter 6: Financial and Monetary Affairs)

Money Supply

$ Million

1990

As at end of year

1991

1992

HKS

Foreign currency

Foreign

Total

HK$

currency

Total

HK$

Foreign currency

Total

Legal tender coins and notes in circulation

Commercial bank issues (A)

40,886

40,886

46,506

46,506

58,226

58,226

The Hongkong and Shanghai Banking

Corporation Limited

34,764

34,764

40,194

40,194

50,644

50,644

Standard Chartered Bank

6,122

6,122

6,312

6,312

7,582

7,582

Government issues (B)

2,375

2,375

2,671

2,671

2,931

2,931

One thousand-dollar gold coins

372

372

372

372

372

372

Five-dollar coins

667

667

790

790

866

866

Two-dollar coins

502

502

589

589

695

695

One-dollar coins

452

452

495

495

543

543

381

381

424

424

454

454

1

1

1

1

Subsidiary coins

One-cent notes

Authorised institutions' holdings of legal

tender coins and notes (C)

5,568

5,568

6,569

6,569

8,985

I

8,985

Legal tender coins and notes in hands of

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

37,693

37,693

42,608

42,608

52,172

52,172

Demand deposits with licensed banks (E)

Time deposits with licensed banks (F)§

54,132

15,683 69,815

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

69,161 16,728 85,889

281,979 629,512 911,491 (241,744) (669,747)

87,307 16,078 103,385

329,363 662,763 992,126 (270,673) (721,453)

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

Savings deposits with licensed banks (H)

Deposits with restricted licence banks and deposit-taking companies (1)

12,682

4,557 17,238

159,468 72,204 231,672

13,006

3,944 16,950

229,287 84,764 314,052

13,357 3,859 17,216

244,792 109,085 353,878

30,822 45,329 76,152

23,734 39,440

63,174

22,592 31,125 53,718

Negotiable certificates of deposit issued by

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

725

1,101 1,826

341

2,837 3,178

692 1,078 1,770

Money supply

Definition 1 (D+E)

Definition 2 (D+E+F+G+H)§

Definition 3 (D+E+F+G+H+I+J)§

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

139,479 16,078 155,557

726,992 791,785 1,518,777 (668,302) (850,475)

750,276 823,989 1,574,265 (691,586) (882,679)

Note: § 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 authorised 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.

91,826 15,683 107,509

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

111,769 16,728 128,497

636,042 734,948 1,370,990 (595,808) (775,182)

660,117 777,225 1,437,342 (619,882) (817,460)