XN000022-1997-01-13 — Page 28

- 27 -

Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF

SETTLEMENT

TIME

ACCOUNTS

OPENING AGGREGATE BALANCE CLOSING AGGREGATE BALANCE CHANGE ATTRIBUTABLE TO :

1,121 MN

0930 HR

12,223 MN

484 MN

1000 HR

14,748 MN

1100 HR

19,457 MN

MONEY MARKET ACTIVITY

- 1 MN

1200 HR

27,658 MN

LAF REVERSAL

LAF TODAY

+6,816 MN

1500 HR

34,857 MN

- 7,452 MN

1600 HR

34,965 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 125.7 +0.1* 13.1.97

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Terms

Issue Coupon Price

Yield

1 week

4.40

2 years

2811

5.72

100.10

5.74

1 month

4.44

3 years

3910

6.28

100.47

6.18

3 months

4.54

5 years

5112

6.57

99.49

6.80

6 months

4.77

7 years

7311 6.80

98.87

7.13

12 months

5.12

10 years

5 years

1610 7.37 M503 7.35

100.76

7.39

101.58

7.06

TOTAL TURNOVER OF EF BILLS AND NOTES - $14,417 MN

CLOSED JANUARY 13, 1997

End