ENG-1993 — Page 522

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APPENDICES

APPENDIX 14

(Chapter 6: Financial and Monetary Affairs)

Money Supply

$ Million

-

1991

HK$

Foreign currency

Total

HK$

As at end of year

1992 Foreign currency

1993

Total

Foreign HK$ currency

Total

Legal tender coins and notes in circulation

Commercial bank issues (A)

46,506

46,506

58,226

58,226 68,896

68,896

The Hongkong and Shanghai Banking

Corporation Limited

40,194

40,194

50,644

50,644

58,914

58,914

Standard Chartered Bank

6,312

6,312

7,582

7,582

9,982

9,982

-

Government issues (B)

2,671

2,671

2,931

2,931

2,978

2,978

One thousand-dollar gold coins

372

372

372

372

372

372

Ten-dollar coins

1

1

Five-dollar coins

790

790

866

866

873

873

Two-dollar coins

589

589

695

695

718

718

One-dollar coins

495

495

543

543

538

538

424

424

454

454

475

475

1

1

1

Subsidiary coins

One-cent notes

Authorised institutions' holdings of legal

tender coins and notes (C)

6,569

6,569

8,985

8,985

8,520

8,520

Legal tender coins and notes in hands of

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

42,608

42,608

52,172

52,172

63,354

63,354

Demand deposits with licensed banks (E)

69,161

16,728

85,889

87,307 16,078 103,385 105,086 19,168 124,255

Time deposits with licensed banks (F)§

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

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

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

992,126

455,834 673,573 1,129,408 (384,034) (745,373)

Savings deposits with licensed banks (H)

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

13,006 3,944 16,950

229,287 84,764 314,052

13,357 3,859 17,216 16,399 6,173 22,572

244,792 109,085 353,878 281,744 140,538 422,282

23,734

39,440 63,174

22,592 31,125

53,718 15,576 31,001 46,578

Negotiable certificates of deposit issued by

restricted licence banks and

deposit-taking companies (other than those held by authorised institutions) (J)

341

2,837 3,178

692 1,078 1,770

1,498 10,617 12,115

Money supply

Definition 1 (D+E)

Definition 2 (D+E+F+G+H)§

111,769

16,728 128,497

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

Definition 3 (D+E+F+G+H+I+J)§

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

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)

168,440 19,168 187,608

922,417 839,452 1,761,870 (850,618) (911,252)

939,491 881,071 1,820,562 (867,692) (952,871)

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.