COST OF CREDIT

COST OF CREDIT

Wed., Feb. 28, 1990

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

13.00 15.00 8.19 8.63 9.13

Time deposits (3 mos.)

13.19 15.19 8.56 9.00 9.25

EURODOLLARS

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

London

7.625 8.375 8.375 8.4375 8.6875

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.

8.25 7.76 8.20 N.A. 8.08 8.25

*90 days. 90-119 days.

U.S. prime rate, 10.0 percent; Central bank discount rates: U.S., 7.0 percent; W. Germany, 5.0; Netherlands, 6.75; Belgium, 7.75; France, 8.75; Switzerland, 5.5; Italy, 13.5; Canada, 13.25; Japan, 4.25, U.K. base lending rate, 15.0