XN000022-1997-01-14 — Page 15

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Hong Kong Monetary Authority Interbank Liquidity

Aggregate

Balance of Settlement

Time

Accounts

Opening aggregate balance

484 mn

0930 hr

8,282 mn

Closing aggregate balance

506 mn

1000 hr

9,450 mn

Change attributable to:

1100 hr

21,041 mn

Money market activity

-12 mn

1200 hr

25,366 mn

LAF reversal

+7,453 mn

1500 hr

28,331 mn

LAF today

-7,419 mn

1600 hr

26,477 mn

LAF rate 4.00% bid/6.00% offer TWI 125.7 +0.0* 14.1.97

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.40

2 years

2811

5.72 100.04 5.77

1 month

4.45

3 years

3001

6.17 99.85 6.32

3 months

4.58

5 years

5112

6.57 99.43 6.82

6 months

4.81

7 years

7311

6.80 98.83 7.14

12 months

5.16

10 years 5 years

1610

7.37 100.73 7.39

M503

7.35 101.46 7.09

Total turnover of ef bills and notes - $15,751 mn

Closed January 14, 1997

End