COST OF CREDIT

COST OF CREDIT

Mon., May 9, 1988

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

8.75 8.00 3.31 4.00 2.13

Time deposits (3 mos.)

9.00 8.38 3.63 4.19 2.44

EURODOLLARS

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

London

6.5000 7.1250 7.4375 7.6875 8.3750

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.

7.60 6.34 N.A. 7.05 7.10 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, 9.12; Japan, 2.5., U.K. base lending rate, 9.0