COST OF CREDIT

COST OF CREDIT

Tuesday, Sept. 28, 1993

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

4.25 6.06 6.93 6.45 4.35

Time deposits (3 mos.)

4.62 5.18 6.50 6.26 4.50

EURODOLLARS

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

London

2.9375 3.0625 3.4375 3.0000 3.1875

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.

3.19 2.90 3.16 N.A. 3.09 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, 1.75, U.K. base lending rate, 6.00.