COST OF CREDIT

COST OF CREDIT

Monday, Sept. 20, 1993

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

4.50 6.00 7.00 6.56 4.88

Time deposits (3 mos.)

4.75 6.00 6.60 6.22 4.72

EURODOLLARS

O/Night 1 Mo. 3 Mo. 6 Mo. 12 Mo.

London

3.1200 3.1800 3.1800 3.3700 3.5900

Offered side, interbank quotations.

International Interest Rates supplied by Europe an American Bank.

UNITED STATES RATES

Cmmcl.

Federal *Tr'sury Paper *Bankers *Cert.

Funds Bills Dealers Direct Ac'pt'ces of Dep.

3.06 2.93 3.14 N.A. 3.10 3.18

*90 days. 90-119 days.

U.S. prime rate, 6.0%; Central bank discount rates: U.S., 3.0%; Germany, 6.25; Netherlands, 5.75; Belgium, 6.50; France, 10.00; Switzerland, 4.50; Italy, 8.50; Canada, 5.02; Japan, 2.50, U.K. base lending rate, 6.00.