COST OF CREDIT

COST OF CREDIT

Fri., Feb. 19, 1988

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

8.50 8.75 3.50 4.13 1.38

Time deposits (3 mos.)

8.63 9.38 3.50 4.13 1.94

EURODOLLARS

Call 1 Mo. 3 Mo. 6 Mo. 12 Mo.

London

6.1250 6.8125 6.9375 7.0000 7.3750

Offered side, interbank quotations.

International Interest Rates supplied by European American Bank.

UNITED STATES RATES

Cmmcl.

Federal *Tr'sury Paper *Bankers *Cert.

Funds Bills Dealers Direct Ac'pt'ces of Dep.

6.63 5.67 6.50 6.650 6.50 N.A.

*90 days. 90-119 days.

U.S. prime rate, 8.5 percent; Central bank discount rates: U.S., 6.0 percent; W. Germany, 2.5; Netherlands, 3.25; Belgium, 6.5; France, 7.75; Switzerland, 2.5; Italy, 12.0; Canada, 8.58; Japan, 2.5., U.K. base lending rate, 9.0