XN000022-1996-01-02 — Page 8

H

7. 7 -

Hong Kong Monetary Authority

Tenders to be held in the week beginning January 8, 1996 -

Tender date

Paper on offer

Issue number

Issue date

Maturity date

Tenor

Amount on offer

9 Jan 96

EF bills

Q602

10 Jan 96

10 Apr 96

91 days

HK$1,500+300 MN

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,762

0930

+541

Closing balance in the account

1,720

1000

+541

Change attributable to:

1100

+541

Money market activity

+518

1200

+527

LAF today

-560

1500

+527

1600

+518

LAF rate 4.25% bid/6.25% offer TWI 122.7 *+0.0* 2.1.96