COST OF CREDIT

COST OF CREDIT

Wed., April 20, 1988

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

8.50 8.38 3.38 4.13 2.38

Time deposits (3 mos.)

8.88 8.19 3.44 4.06 2.25

EURODOLLARS

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

London

6.5000 7.1250 7.3125 7.5000 7.9375

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.

7.75 5.83 N.A. 7.00 6.90 7.05

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