XN000022-1996-12-09 — Page 20

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Hong Kong Monetary Authority Interbank Liquidity

AGGREGATE

BALANCE OF

SETTLEMENT

TIME

ACCOUNTS

OPENING AGGREGATE BALANCE

4860 MN

0930 HR

28,868 MN

CLOSING AGGREGATE BALANCE CHANGE ATTRIBUTABLE TO :

3080 MN

1000 HR

28,984 MN

1100 HR

34,772 MN

MONEY MARKET ACTIVITY

1933 MN

1200 HR

42,153 MN

LAF REVERSAL

+1615 MN

1500 HR

43,396 MN

LAF TODAY

-

5328 MN

1600 HR

42,420 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 124.9 *+0.0* 9.12.96

HONG KONG MONETARY AUTHORITY

EF BILLS

EF NOTES/MTRC NOTES

Terms

Yield

Terms

Issue Coupon Price

Yield

1 week

4.03

2 years

2811

5.72

100.30

5.63

1 month

4.27

3 years

3910

6.28

100.88

6.02

3 months

4.56

5 years

5109

7.32

103.24

6.61

6 months

4.82

7 years

7311

6.80

99.82

6.95

12 months

5.12

10 years

1610

7.37

102.21

7.18

5 years M503

7.35

102.10

6.93

TOTAL TURNOVER OF EF BILLS AND NOTES - $12,289 MN

CLOSED DECEMBER 9, 1996

End