Financial Conditions (October 2004)
Central Bank of China
PRESS RELEASE Release Date: November 25, 2004
Financial Conditions (October 2004)
Monetary Aggregates For the month of October 2004, the annual growth rates of
the monetary aggregates M1A, M1B, and M2, measured on a daily average basis,
were 15.46%, 14.71%, and 6.75%, respectively. These growth rates were lower than
those recorded in the previous month mainly due to the relatively higher base of
last year and the deficit in foreign exchange proceeds and payments from
external trade this month. Meanwhile, the annual growth rate of M2 plus bond
funds held by the general public also fell from 6.95% to 6.27%.
Direct and Indirect Finance At the end of October, the annual growth rate of
total outstanding loans and investments of major financial institutions,
including monetary institutions, the Chunghwa Post Co., as well as money market
mutual funds, rose from 7.08% in the previous month to 8.05% mainly due to the
increase in bank claims on the government. If (1) loans and investments extended
by life insurance companies and investment and trust companies, (2) non-accrual
loans reclassified and bad loans written-off by major financial institutions,
and (3) funds raised directly from capital markets were all taken into account,
the total outstanding amount of funds raised by non-financial sectors showed an
annual growth rate of 8.32%, lower than the 8.45% posted in September.
Notes: 1. The upcoming Financial Conditions (November 2004) is scheduled for
release at 16:20 on December 24, 2004.
2. For the release schedule for the next six months, please check the CBC
website at http://www.cbc.gov.tw/EngHome/ESDDS/calacal.asp
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