COST OF CREDIT

COST OF CREDIT

Wednesday, Dec. 1, 1993

(Percentages Per Year)INTERNATIONAL INTEREST RATES

Canada U.K. Germany Holland Switzerland

Day-to-Day

3.62 5.25 6.35 5.90 4.31

Time deposits (3 mos.)

3.87 5.25 6.06 5.65 4.25

EURODOLLARS

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

London

2.8100 3.1250 3.3125 3.3750 3.6800

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.

3.06 3.11 3.43 N.A. 3.33 3.40

*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, 4.34; Japan, 1.75, U.K. base lending rate, 5.50.