XN000022-1996-09-10 — Page 13

12 -

Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change (Smillion)

1,980

0930

-24

L.

2,384

1000

-24

1100

-24

+76

1200

-24

+328

1500

+76

1600

+76

LAF rate 4.00% bid/6.00% offer TWI 124.2*+0.1* 10.9.96

Hong Kong Monetary Authority

EF notes/MTRC

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.07

2 years

1 month

5.07

3 years

3 months

5.24

5 years

2808 6.00

3907 5106

99.49 6.38

6.80

100.31 6.79

7.23

6 months

5.40

12 months 5.80

5 years M503

7 years 7308 7.24

99.92 7,38 98.00

7.76

7.35

99.05

7.73

Total turnover of EF bills and notes - $9,329 million

Closed September 10, 1996

End