COST OF CREDIT

COST OF CREDIT

Friday, Oct. 15, 1993

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

4.37 5.75 6.62 6.40 4.25

Time deposits (3 mos.)

4.56 5.75 6.50 6.19 4.31

EURODOLLARS

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

London

3.0000 3.1850 3.7500 3.3750 3.4375

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.

2.94 3.02 3.23 N.A. 3.18 3.25

*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, 4.87; Japan, 1.75, U.K. base lending rate, 6.00.