XN000022-1996-08-29 — Page 23

· 22 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,084

0930

-129

Closing balance in the account

1,978

1000

-129

Change attributable to:

1100

-129

Money market activity

- 126

1200

-126

LAF today

+20

1500

-126

1600

-126

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 29.8.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.00

2 years

2808

6.00

99.61

6.31

1 month

5.02

3 years

3907

6.80

100.53

6.70

3 months

5.16

5 years

5106

7.23

100.24

7.29

6 months

5.31

7 years

7308

7.24

98.57

7.65

12 months 5.65

5 years

M503 7.35

99.42

7.63

Total turnover of EF bills and notes $5,236 million

Closed August 29, 1996

End