XN000022-1997-01-03 — Page 16

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Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF SETTLEMENT

ACCOUNTS

TIME

OPENING AGGREGATE BALANCE

450 MN

0930 HR

9,671 MN

CLOSING AGGREGATE BALANCE

678 MN

1000 HR

13,942 MN

CHANGE ATTRIBUTABLE TO :

1100 HR

13,942 MN

MONEY MARKET ACTIVITY LAF REVERSAL

- 254 MN

1200 HR

24,005 MN

+8,056 MN

1500 HR

24,105 MN

LAF TODAY

- 7,574 MN

1600 HR

37,028 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 125.3 *+0.1* 3.1.97

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Terms

Issue Coupon

Price

Yield

I week

4.38

2 years

2811

5.72

100.13

5.72

1 month

4.40

3 years

3910

6.28

100.45

6.19

3 months

4.52

5 years

5112

6.57

99.18

6.88

6 months

4.73

7 years

7311

6.80

98.50

7.20

12 months

5.11

10 years

1610

7.37

100.17

7.48

5 years

M503

7.35

101.25

7.15

TOTAL TURNOVER OF EF BILLS AND NOTES - $12,539 MN

CLOSED JANUARY 3, 1997

End