COST OF CREDIT

COST OF CREDIT

Thursday, Nov. 4, 1993

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

4.31 5.43 6.50 6.05 4.62

Time deposits (3 mos.)

4.37 5.56 6.25 6.02 4.56

EURODOLLARS

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

London

3.0000 3.1875 3.5000 3.5625 3.7500

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.

3.00 3.07 3.35 N.A. 3.34 3.50

*90 days. 90-119 days.

U.S. prime rate, 6.0%; Central bank discount rates: U.S., 3.0%; Germany, 5.75; Netherlands, 5.25; Belgium, 6.00; France, 7.25; Switzerland, 4.25; Italy, 8.00; Canada, 4.63; Japan, 1.75, U.K. base lending rate, 6.00.