XN000022-1996-11-16+17 — Page 5

4

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

Smillion

(hours)

($million)

Opening balance in the account

2,396

0930

+400

Closing balance in the account

2,446

1000

+400

Change attributable to:

1100

+400

Money market activity

+400

1130

+400

LAF today

- 350

LAF rate 4.00% bid/6.00% offer TWI 124.3 *+0.0* 16.11.96

Closed November 16, 1996

End