COST OF CREDIT

COST OF CREDIT

Thu., March 22, 1990

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

12.75 15.06 7.81 8.63 9.19

Time deposits (3 mos.)

13.19 15.56 8.31 8.81 8.06

EURODOLLARS

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

London

7.625 8.4375 8.5000 8.687 9.000

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 7.89 8.30 N.A. 8.22 8.39

*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, 13.38; Japan, 4.25, U.K. base lending rate, 15.0