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Hong Kong Monetary Authority interbank liquidity

AGGREGATE

BALANCE OF

SETTLEMENT

TIME

ACCOUNTS

OPENING AGGREGATE BALANCE

514 MN

0930 HR

7,243 MN

CLOSING AGGREGATE BALANCE

530 MN

1000 HR

19,383 MN

CHANGE ATTRIBUTABLE TO :

1100 HR

27,650 MN

MONEY MARKET ACTIVITY

+161 MN

1200 HR

33,216 MN

LAF REVERSAL

+6,376 MN

1500 HR

30,656 MN

LAF TODAY

- 6,521 MN

1600 HR

33,807 MN

LAF RATE 4.00% BID/6.00% OFFER TWI 126.3 *+0.1* 21.1.97

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

l'erms

Yield

Terms

Issue Coupon Price

Yield

I week

4.43

2 years

1 month

4.46

3 years

2811 5.72 3001

100.11

5.73

6.17

100.12

6.22

3 months

4.60

5 years

5112 6.57

100.06

6.66

6 months

4.82

7 years

7311

6.80

100.12

6.89

12 months

5.12

10 years

5 years

1610 7.37 M503 7.35

102.81

7.09

102.06

6.93

TOTAL TURNOVER OF EF BILLS AND NOTES - $18,775 MN

CLOSED JANUARY 21, 1997

End