XN000022-1996-12-19 — Page 13

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Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF SETTLEMENT

TIME

ACCOUNTS

OPENING AGGREGATE BALANCE

769 MN

0930 HR

15,054 MN

CLOSING AGGREGATE BALANCE

410 MN

1000 HR

17,006 MN

CHANGE ATTRIBUTABLE TO :

1100 HR

21,810 MN

MONEY MARKET ACTIVITY

-304 MN

1200 HR

30,553 MN

LAF REVERSAL

+8,327 MN

1500 HR

33,155 MN

LAF TODAY

- 8,382 MN

1600 HR

31,042 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 125.0 +0.1* 19.12.96

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

100.07

5.76

1 month

4.34

3 years

3910

6.28

100.48

6.18

3 months

4.61

5 years

5112

6.57

99.27

6.86

6 months

4.86

7 years

7311

6.80

98.62

7.18

12 months

5.14

10 years

1610 7.37

100.57

7.42

5 years

M503 7.35

101.35

7.12

TOTAL TURNOVER OF EF BILLS AND NOTES - $8,084 MN

CLOSED DECEMBER 19, 1996

End