COST OF CREDIT

COST OF CREDIT

Mon., May 14, 1990

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

13.50 14.94 7.94 8.25 8.75

Time deposits (3 mos.)

13.50 15.25 8.25 8.56 9.06

EURODOLLARS

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

London

7.625 8.3125 8.375 8.500 8.750

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.

8.31 7.63 8.13 N.A. 8.09 8.32

*90 days. 90-119 days.

U.S. prime rate, 10.0%; Central bank discount rates: U.S., 7.0%; W. Germany, 5.0; Netherlands, 6.75; Belgium, 7.75; France, 8.75; Switzerland, 5.5; Italy, 13.5; Canada, 13.77; Japan, 5.25, U.K. base lending rate, 15.0