XN000022-1996-06-13 — Page 14

- 13

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1.888

0930

+72

Closing balance in the account

2,140

1000

+72

Change attributable to:

1100

+72

Money market activity

+72

1200

+72

LAF today

+180

1500

+72

1600

+72

LAF rate 4.00% bid/6.00% offer TWI 124.3 *-0.2* 13.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.11

2 years

2805

6.30

99.71

6.56

1 month

5.14

3 years

3904

6.30

98.60

6.96

3 months

5.29

5 years

5103

7.23

98.99

7.62

6 months

5.51

7 years

7305

7.60

98.90

7.96

12 months

5.92

5 years

M502 7.30

98.82

7.76

Total turnover of EF bills and notes $18,266 million

Closed June 13, 1996

End