XN000022-1996-12-10 — Page 11

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Hong Kong Monetary Authority interbank liquidity

Aggregate balance of settlement accounts

Opening aggregate balance

3080 mn

0930 hr

10950 mn

Closing aggregate balance

2097 mn

1000 hr

26598 mn

Change attributable to:

1100 hr

30616 mn

Money market activity

-2568 mn

1200 HR

36896 mn

Laf reversal

+5238 mn

1500 hr

42957 mn

LAF today

-3743 mn

1600 hr

30191 mn

LAF rate 4.00% bid/6.00% offer TWI 125.0 *+0.1* 10.12.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.22

2 years

2811

5.72

100.26

5.65

1 month

4.37

3 years

3910

6.28

100.83

6.04

3 months

4.66

5 years

5109

7.32

103.22

6.62

6 months

4.90

7 years

7311

6.80

99.78

6.96

12 months 5.18

10 years

1610

7.37

102.28

7.17

5 years M503

7.35

102.05

6.94

Total turnover of ef bills and notes - $17,519 mn

Closed December 10, 1996

End