XN000022-1995-09-12 — Page 22

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

Smillion

(hours)

($million)

Opening balance in the account

1,293

0930

-83

Closing balance in the account

1,962

1000

-83

Change attributable to:

1100

-83

Money market activity

-81

1200

-81

LAF today

+750

1500

-81

1600

-81

LAF rate 4.25% bid/6.25% offer TWI 122.7 *+0.3* 12.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

5.83

2 years

2708 6.06

100.14

6.07

1 month

5.84

3 years

3807

6.16

99.76

6.35

3 months

5.85

5 years

5006

6.60

99.03

6.96

6 months 5.85

5 years

M501

7.90

102.18

7.45

12 months 5.87

Total turnover of EF bills and notes - $7,137 million

Closed September 12, 1995

End/Tuesday, September 12, 1995