COST OF CREDIT

COST OF CREDIT

Mon., Jan. 27, 1992

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

6.88 11.13 9.63 9.69 7.50

Time deposits (3 mos.)

6.88 10.63 9.50 9.56 7.56

EURODOLLARS

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

London

3.5000 4.1875 4.2500 4.2500 4.6250

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.

4.06 3.82 3.97 N.A. 4.04 4.20

*90 days. 90-119 days.

U.S. prime rate, 6.5%; Central bank discount rates: U.S., 3.5%; Germany, 8.00; Netherlands, 8.50; Belgium, 8.50; France, 9.60; Switzerland, 7.00; Italy, 12.00; Canada, 7.08; Japan, 4.50, U.K. base lending rate, 10.5.