11-

Hong Kong Monetary Authority

Tenders to be held in the week beginning 9 Sept 1996

Tender date

10 Sept 1996

10 Sept 1996

Paper on offer

EF bills

Issue number

Q637

Issue date

11 Sept 1996

EF bills

H673

11 Sept 1996

Maturity date

11 Dec 1996

12 Mar 1997

Tenor

91 days

182 days

Amount on offer

HK$1,500+300MN

HK$800+160MN

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,898

0930

+61

Closing balance in the account

1,689

1000

+61

Change attributable to:

1100

+61

Money market activity

+66

1200

+66

LAF today

-275

1500

+66

1600

+66

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.1* 3.9.96

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