COST OF CREDIT

COST OF CREDIT

Wed., March 23, 1988

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

8.75 8.75 3.62 4.12 1.12

Time deposits (3 mos.)

8.62 8.68 3.43 4.06 1.81

EURODOLLARS

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

London

6.2500 7.8125 6.8750 7.1250 7.5000

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.

6.75 5.81 N.A. 6.62 6.53 6.67

*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, 8.70; Japan, 2.5., U.K. base lending rate, 9.0