XN000022-1996-12-13 — Page 24

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Hong Kong Monetary Authority Interbank Liquidity

Aggregate balance of settlement time accounts

Opening aggregate balance

Closing aggregate balance

Change attributable to:

Money market activity

LAF reversal

LAF today

1,243 mn

0930 hr

17,075 mn

730 mn

1000 hr

23,659 mn

1100 hr

29,235 mn

-6,441 mn

1200 hr

33,899 mn

+12,983 mn -7,055 mn

1500 hr

37,069 mn

1600 hr

40,168 mn

LAF rate 4.00% bid/6.00% offer TWI 124.9 *+0.1* 13.12.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.11

2 years

2811

5.72

100.10

5.74

1 month

4.30

3 years

3910

6.28

100.57 6.15

3 months

4.63

5 years

5109

7.32

102.63 6.77

6 months

4.88

7 years

7311

6.80

98.85 7.13

12 months

5.17

10 years

1610

7.37

100.90 7.37

5 years

M503

7.35

101.42

7.11

Total turnover of ef bills and notes - $13,623 mn

Closed December 13, 1996

End