XN000022-1996-12-27 — Page 20

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Hong Kong Monetary Authority Interbank Liquidity

Aggregate Balance of

Settlement

Time Accounts

Opening aggregate balance

555 mn

0930 hr

8,435 mn

Closing aggregate balance

796 mn

1000 hr

20,338 mn

Change attributable to:

1100 hr

23,969 mn

Money market activity

+156 mn

1200 hr

29,063 mn

LAF reversal

+7,803 mn

1500 hr

28,445 mn

LAF today

-7,718 mn

1600 hr

30,656 mn

LAF RATE 4.00% BID/6.00% OFFER TWI 125.2 +0.2* 27.12.96

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

100.23

5.66

1 month

4.28

3 years

3910

6.28

100.71 6.09

3 months

4.50

5 years

5112

6.57

99.60

6.78

6 months

4.70

7 years

7311

6.80

99.18 7.07

12 months 5.06

10 years

1610

7.37

101.21 7.32

5

years M503

7.35

101.64 7.05

Total turnover Of EF bills and notes - $10,019 mn

Closed December 27, 1996

End