Money Rates

Wednesday, June 3, 2003 The key U.S., and foreign annual interest rates below are a guide to general levels but don't always represent actual transactions. PRIME RATE: 4.25% (effective 11/07/02). DISCOUNT RATE: 2.25% (effective 01/09/03).

FEDERAL FUNDS: 1.250% high, 1.000% low, 1.125% near closing bid, 1.188% offered. Effective rate: 1.22%. Source: Prebon Yamane (USA) Inc. Federal-funds target rate: 1.250% (effective 11/06/02). CALL MONEY: 3.00% (effective 11/07/02).

COMMERCIAL PAPER: Placed directly by General Electric Capital Corp.: 1.05% 30 to 35 days; 1.24% 36 to 43 days; 1.23% 44 to 70 days; 1.21% 71 to 99 days; 1.19% 100 to 113 days; 1.05% 114 to 122 days; 1.19% 123 to 143 days; 1.17% 144 to 270 days.

EURO COMMERCIAL PAPER: Placed directly by General Electric Capital Corp.: 2.25% 30 days; 2.20% two months; 2.19% three months; 2.15% four months; 2.14% five months; 2.13% six months,

DEALER COMMERCIAL PAPER: High-grade unsecured notes sold through dealers by major corporations: 1.21% 30 days; 1.20% 60 days; 1.19% 90 days.

CERTIFICATES OF DEPOSIT: 1.26% one month; 1.21% three months; 1.18% six months.

BANKERS ACCEPTANCE: 1.25% 30 days; 1.22% 60 days; 1.19% 90 days; 1.17% 120 days; 1.16% 150 days; 1.14% 180 days; Source: Prebon Yamane (USA) Inc.

Source: Wall Street Journal, Wednesday, June 4, 2003, p. C14.

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