XN000022-1997-01-27 — Page 7

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Hong Kong Monetary Authority interbank liquidity

Aggregate Balance of Settlement

Time

Accounts

Opening Aggregate Balance

914 MN

0930 HR

48,927 MN

Closing Aggregate Balance

374 MN

1000 HR

54,787 MN

Change Attributable To :

1100 HR

49,230 MN

Money Market Activity

- 6,720 MN

1200 HR

52,108 MN

Laf Reversal

+13,345 MN

1500 HR

44,713 MN

Laf Today

- 7,165 MN

1600 HR

38,707 MN

Laf Rate 4.00% BID/6.00% Offer TWI 126.5 *+0.1* 27.1.97

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.43

2 years

2811

5.72

100.29

5.62

1 month

4.34

3 years

3001

6.17

100.38

6.12

3 months

4.46

5 years

5112

6.57

100.40

6.58

6 months

4.66

7 years

7311

6.80

100.68

6.78

12 months

5.05

10 years

1610

7.37

103.55

6.98

5 years

M503

7.35

102.37

6.85

Total Turnover of EF Bills and Notes - $27,610 MN

Closed January 27, 1997

End