XN000022-1996-12-16 — Page 11

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Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF SETTLEMENT

ACCOUNTS

TIME

OPENING AGGREGATE BALANCE

816 MN

0930 HR

16.508 MN

CLOSING AGGREGATE BALANCE CHANGE ATTRIBUTABLE TO :

1,306 MN

1000 HR

19,351 MN

1100 HR

25,386 MN

MONEY MARKET ACTIVITY LAF REVERSAL

+2,769 MN

1200 HR

32,656 MN

+6,971 MN

1500 HR

38,422 MN

LAF TODAY

- 9,250 MN

1600 HR

39,197 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 125.0 *+0.0* 16.12.96

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Terms

Issue Coupon Price

Yield

1 week

4.16

2 years

2811 5.72

100.14

5.72

1 month

4.33

3 years

3910

6.28

100.68

6.10

3 months

4.62

5

years

5109

7.32

102.79

6.73

6 months

4.86

7 years

7311

6.80

99.08

7.09

12 months

5.16

10 years

1610 7.37

101.16

7.33

5 years

M503

7.35

101.58

7.06

TOTAL TURNOVER OF EF BILLS AND NOTES - $6,070 MN

CLOSED DECEMBER 16, 1996

End