XN000022-1996-08-27 — Page 9

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Hong Kong Monetary Authority

Tenders to be held in the week beginning 2 Sept 1996

Tender date

Paper on offer

Issue number

3 Sept 1996

EF bills

Q636

4 Sept 1996

3 Sept 1996

EF bills

Y693

4 Sept 1996

Issue date

Maturity date

4 Dec 1996

3 Sept 1997

Tenor

91 days

364 days

Amount on offer

HK$1,500+300MN

HK$500+150MN

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,259

0930

-299

Closing balance in the account

1,937

1000

-299

Change attributable to:

1100

-299

Money market activity

-300

1200

-300

LAF today

-22

1500

-300

1600

-300

LAF rate 4.00% bid/6.00% offer TWI 123.7 *-0.2* 27.8.96