increased by 3.2 percent ($50 million) to $1.6 billion during the second quarter of calendar 1993, according to figures released yesterday by the Bermuda Monetary Authority.

Total loans and advances went down by $7 million to $623 million, whilst deposit company mortgages increased by $23 million to $659 million, resulting in a net increase of combined loans, advances and mortgages of 1.2 percent ($15 million) to $1.31 billion.

The relationship of total loans, advances and mortgages to total deposit liabilities as at the second quarter, 1993, was 81.6 percent -- a decrease of 1.7 percent from the 83.3 percent recorded at the first quarter of 1993.

Taking Bermuda's banks on their own, Bermuda Dollar deposit liabilities increased in all categories for the third consecutive quarter and came to $971 million.

Demand deposits were up by 4.3 percent ($18 million) to $438 million, savings were up by 4.1 percent ($10 million) to $254 million, and time deposits were up by one percent ($2 million) to $279 million.

Total Bermuda Dollar assets at the second quarter stood at $819 million, compared with $824 million at the previous quarter.

The decrease of $8 million was largely attributable to a decline in loans and advances, said the BMA.

On the foreign currency side, foreign currency deposit liabilities increased by 12.3 percent ($693 million) to $6.327 billion.

Demand deposits showed the largest increase, rising by 44.5 percent ($722 million) to $2.344 billion.

Foreign currency assets went up by 8.5 percent ($609 million), reflecting an increase in cash and demand deposits of 32.2 percent ($267 million) and time deposits of 8.6 percent ($355 million).

Loans and advances during the second quarter went up by one percent ($3 million), resulting in a balance of $410 million.

The aggregate balance sheet total of $8.614 billion reflected an overall increase of 7.5 percent ($603 million).

The combined balance sheets of Bermuda's deposit companies showed that, in line with the trend over recent years, customer deposits went up by 2.7 percent ($23 million) to $880 million.

Mortgages and loans increased by 3.5 percent ($23 million) to $687 million and represented 78.1 percent of customer deposits as at the second quarter, a slight increase on the 77.5 percent recorded at the end of the first quarter.