XN000022-1996-12-24 — Page 9

Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF SETTLEMENT

ACCOUNTS

TIME

OPENING AGGREGATE BALANCE

977 MN

0930 HR

9,627 MN

CLOSING AGGREGATE BALANCE CHANGE ATTRIBUTABLE TO :

555 MN

1000 HR

13,254 MN

1100 HR

17,858 MN

MONEY MARKET ACTIVITY

LAF REVERSAL

- 8 MN

1200 HR

24,882 MN

+7,386 MN

1500 HR

26,489 MN

LAF TODAY

- 7,800 MN

1600 HR

28,762 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 125.0 *+0.0* 24.12.96

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Terms

Issue Coupon

Price

Yield

1 week

4.31

2 years

2811 5.72

100.21

5.68

1 month

4.32

3 years

3910

6.28

100.67

6.10

3 months

4.53

5 years

5112 6.57

99.55

6.79

6 months

4.75

7 years

12 months

5.07

10 years

5 years M503

7311 1610 7.37 7.35

6.80

99.11

7.08

101.11

7.34

101.64

7.05

TOTAL TURNOVER OF EF BILLS AND NOTES - $5,069 MN

CLOSED DECEMBER 24, 1996

End