XN000022-1996-03-19 — Page 9

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Hong Kong Monetary Authority

Tenders to be held in the week beginning 26 Feb 1996

Tender date

26 Mar 1996

Paper on offer

EF bills

Q613

Issue number

27 Mar 1996

26 Mar 1996

EF bills

H661

27 Mar 1996

Issue date

Maturity date

26 Jun 1996

Tenor

91 days

25 Sept 1996

182 days

Amount on offer

HK$1,500+300MN

HK$800+160MN

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,165

0930

+636

Closing balance in the account

2,007

1000

+636

Change attributable to:

1100

+636

Money market activity

+637

1200

+636

LAF today

-795

1500

+637

1600

+637

LAF rate 4.00% bid/6.00% offer TWI 123.8 *+0.1* 19.3.96

+