COST OF CREDIT

COST OF CREDIT

Wed., May 11, 1988

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

8.75 7.62 3.37 4.00 2.25

Time deposits (3 mos.)

9.12 8.43 3.68 4.31 2.62

EURODOLLARS

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

London

6.7500 7.3750 7.6250 7.8755 8.3125

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.

7.12 6.26 N.A. 7.28 7.17 7.35

*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