The RMB deposits in China's financial institutions reached 31.85 trillion yuan at the end of June, an increase of 18.36 percent over the same period last year, the People's Bank of China - the central bank - announced on Friday.

The RMB deposits increased by 3.23 trillion yuan in the first half of 2006, 632.4 billion yuan more than over the same period last year.

Household deposits, non-financial corporations' deposits and fiscal deposits went up by 1.42 trillion yuan, 1.35 trillion yuan and 437.5 billion yuan respectively.

In June, the deposits of RMB were up 410.8 billion yuan, 218.7 billion yuan less than a year earlier.

The deposits of RMB and foreign currencies in China by the end of June amounted to 33.13 trillion yuan, up 17.19 percent.

At the end of June, the deposits of foreign currencies in China's financial institutions totaled 161 billion U.S. dollars, down 2.6 percent.

The foreign currency deposits increased by 8.8 billion U.S. dollars and 3.4 billion dollars in the first six months and in June respectively.

Source: Xinhua