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Foreign Exchange Rate: United Kingdom
                    (US$/Pound), Average of daily figures
                    Noon buying rates in New York City for cable transfers payable in foreign currencies
                    Source: G.5 Release -- Federal Reserve Board of Governors

                       DATE     EXUSUK

                    1971.01    2.40575
                    1971.02    2.41775
                    1971.03    2.41870
                    1971.04    2.41787
                    1971.05    2.41872
                    1971.06    2.41885
                    1971.07    2.41850
                    1971.08    2.43463
                    1971.09    2.46943
                    1971.10    2.48957
                    1971.11    2.49334
                    1971.12    2.52664
                    1972.01    2.57050
                    1972.02    2.60366
                    1972.03    2.61805
                    1972.04    2.61020
                    1972.05    2.61243
                    1972.06    2.56912
                    1972.07    2.44467
                    1972.08    2.45024
                    1972.09    2.44105
                    1972.10    2.39476
                    1972.11    2.35153
                    1972.12    2.34485
                    1973.01    2.35625
                    1973.02    2.42723
                    1973.03    2.47240
                    1973.04    2.48373
                    1973.05    2.53059
                    1973.06    2.57615
                    1973.07    2.53748
                    1973.08    2.47567
                    1973.09    2.41828
                    1973.10    2.42919
                    1973.11    2.38699
                    1973.12    2.31738
                    1974.01    2.22398
                    1974.02    2.27489
                    1974.03    2.34064
                    1974.04    2.38861
                    1974.05    2.41368
                    1974.06    2.39018
                    1974.07    2.38957
                    1974.08    2.34562
                    1974.09    2.31655
                    1974.10    2.33296
                    1974.11    2.32518
                    1974.12    2.32938
                    1975.01    2.36230
                    1975.02    2.39583
                    1975.03    2.41796
                    1975.04    2.37072
                    1975.05    2.32047
                    1975.06    2.28033
                    1975.07    2.18453
                    1975.08    2.11431
                    1975.09    2.08343
                    1975.10    2.05684
                    1975.11    2.04843
                    1975.12    2.02206
                    1976.01    2.02859
                    1976.02    2.02621
                    1976.03    1.94275
                    1976.04    1.84633
                    1976.05    1.80795
                    1976.06    1.76398
                    1976.07    1.78501
                    1976.08    1.78283
                    1976.09    1.72720
                    1976.10    1.63773
                    1976.11    1.63808
                    1976.12    1.67839
                    1977.01    1.71242
                    1977.02    1.71033
                    1977.03    1.71741
                    1977.04    1.71903
                    1977.05    1.71845
                    1977.06    1.71914
                    1977.07    1.72260
                    1977.08    1.73966
                    1977.09    1.74314
                    1977.10    1.77108
                    1977.11    1.81778
                    1977.12    1.85458
                    1978.01    1.93527
                    1978.02    1.93963
                    1978.03    1.90547
                    1978.04    1.84968
                    1978.05    1.81810
                    1978.06    1.83725
                    1978.07    1.89490
                    1978.08    1.94060
                    1978.09    1.95953
                    1978.10    2.00754
                    1978.11    1.96076
                    1978.12    1.98611
                    1979.01    2.00532
                    1979.02    2.00424
                    1979.03    2.03778
                    1979.04    2.07345
                    1979.05    2.05872
                    1979.06    2.11193
                    1979.07    2.25982
                    1979.08    2.23677
                    1979.09    2.19657
                    1979.10    2.14375
                    1979.11    2.13524
                    1979.12    2.20068
                    1980.01    2.26410
                    1980.02    2.28912
                    1980.03    2.20451
                    1980.04    2.20936
                    1980.05    2.30202
                    1980.06    2.33595
                    1980.07    2.37315
                    1980.08    2.37036
                    1980.09    2.40124
                    1980.10    2.41645
                    1980.11    2.39409
                    1980.12    2.34594
                    1981.01    2.40289
                    1981.02    2.29411
                    1981.03    2.23189
                    1981.04    2.17530
                    1981.05    2.08837
                    1981.06    1.97376
                    1981.07    1.87369
                    1981.08    1.82031
                    1981.09    1.81462
                    1981.10    1.84068
                    1981.11    1.90251
                    1981.12    1.90333
                    1982.01    1.88603
                    1982.02    1.84697
                    1982.03    1.80529
                    1982.04    1.77195
                    1982.05    1.81035
                    1982.06    1.75627
                    1982.07    1.73536
                    1982.08    1.72497
                    1982.09    1.71202
                    1982.10    1.69616
                    1982.11    1.63208
                    1982.12    1.61596
                    1983.01    1.57563
                    1983.02    1.53289
                    1983.03    1.49000
                    1983.04    1.53610
                    1983.05    1.57216
                    1983.06    1.54800
                    1983.07    1.52729
                    1983.08    1.50256
                    1983.09    1.49864
                    1983.10    1.49691
                    1983.11    1.47664
                    1983.12    1.43383
                    1984.01    1.40759
                    1984.02    1.44167
                    1984.03    1.45572
                    1984.04    1.42105
                    1984.05    1.38942
                    1984.06    1.37703
                    1984.07    1.32001
                    1984.08    1.31321
                    1984.09    1.25632
                    1984.10    1.21959
                    1984.11    1.23920
                    1984.12    1.18609
                    1985.01    1.12710
                    1985.02    1.09314
                    1985.03    1.12527
                    1985.04    1.23774
                    1985.05    1.24826
                    1985.06    1.28084
                    1985.07    1.38073
                    1985.08    1.38405
                    1985.09    1.36419
                    1985.10    1.42152
                    1985.11    1.43961
                    1985.12    1.44471
                    1986.01    1.42439
                    1986.02    1.42966
                    1986.03    1.46740
                    1986.04    1.49853
                    1986.05    1.52114
                    1986.06    1.50850
                    1986.07    1.50705
                    1986.08    1.48612
                    1986.09    1.46981
                    1986.10    1.42642
                    1986.11    1.42381
                    1986.12    1.43928
                    1987.01    1.50544
                    1987.02    1.52799
                    1987.03    1.59225
                    1987.04    1.63129
                    1987.05    1.66665
                    1987.06    1.62884
                    1987.07    1.60896
                    1987.08    1.59959
                    1987.09    1.64459
                    1987.10    1.66195
                    1987.11    1.77539
                    1987.12    1.82878
                    1988.01    1.80093
                    1988.02    1.75822
                    1988.03    1.83301
                    1988.04    1.87824
                    1988.05    1.86947
                    1988.06    1.77680
                    1988.07    1.70512
                    1988.08    1.69653
                    1988.09    1.68397
                    1988.10    1.73875
                    1988.11    1.80853
                    1988.12    1.82582
                    1989.01    1.77373
                    1989.02    1.75337
                    1989.03    1.71343
                    1989.04    1.70079
                    1989.05    1.63070
                    1989.06    1.55298
                    1989.07    1.62683
                    1989.08    1.59470
                    1989.09    1.57146
                    1989.10    1.58744
                    1989.11    1.57255
                    1989.12    1.59653
                    1990.01    1.65125
                    1990.02    1.69614
                    1990.03    1.62445
                    1990.04    1.63720
                    1990.05    1.67735
                    1990.06    1.71032
                    1990.07    1.80980
                    1990.08    1.90131
                    1990.09    1.87941
                    1990.10    1.94556
                    1990.11    1.96424
                    1990.12    1.92188
                    1991.01    1.93463
                    1991.02    1.96411
                    1991.03    1.82142
                    1991.04    1.74970
                    1991.05    1.72377
                    1991.06    1.64973
                    1991.07    1.65132
                    1991.08    1.68406
                    1991.09    1.72646
                    1991.10    1.72314
                    1991.11    1.77959
                    1991.12    1.82719
                    1992.01    1.80898
                    1992.02    1.77784
                    1992.03    1.72384
                    1992.04    1.75662
                    1992.05    1.80949
                    1992.06    1.85507
                    1992.07    1.91766
                    1992.08    1.94340
                    1992.09    1.84651
                    1992.10    1.65292
                    1992.11    1.52678
                    1992.12    1.55100
                    1993.01    1.53255
                    1993.02    1.43950
                    1993.03    1.46171
                    1993.04    1.54475
                    1993.05    1.54770
                    1993.06    1.50823
                    1993.07    1.49551
                    1993.08    1.49137
                    1993.09    1.52477
                    1993.10    1.50228
                    1993.11    1.48081
                    1993.12    1.49128
                    1994.01    1.49235
                    1994.02    1.47916
                    1994.03    1.49189
                    1994.04    1.48228
                    1994.05    1.50420
                    1994.06    1.52624
                    1994.07    1.54673
                    1994.08    1.54221
                    1994.09    1.56609
                    1994.10    1.60638
                    1994.11    1.58923
                    1994.12    1.55866
                    1995.01    1.57461
                    1995.02    1.57202
                    1995.03    1.60019
                    1995.04    1.60728
                    1995.05    1.58737
                    1995.06    1.59481
                    1995.07    1.59516
                    1995.08    1.56680
                    1995.09    1.55897
                    1995.10    1.57793
                    1995.11    1.56248
                    1995.12    1.54051
                    1996.01    1.52877
                    1996.02    1.53596
                    1996.03    1.52706
                    1996.04    1.51604
                    1996.05    1.51524
                    1996.06    1.54159
                    1996.07    1.55300
                    1996.08    1.54988
                    1996.09    1.55929
                    1996.10    1.58631
                    1996.11    1.66231
                    1996.12    1.66393
                    1997.01    1.65851
                    1997.02    1.62563
                    1997.03    1.60956
                    1997.04    1.62932
                    1997.05    1.63217
                    1997.06    1.64487
                    1997.07    1.66938
                    1997.08    1.60352
                    1997.09    1.60128
                    1997.10    1.63301
                    1997.11    1.68891
                    1997.12    1.65970
                    1998.01    1.63496
                    1998.02    1.64081
                    1998.03    1.66193
                    1998.04    1.67228
                    1998.05    1.63824
                    1998.06    1.65036
                    1998.07    1.64369
                    1998.08    1.63420
                    1998.09    1.68225
                    1998.10    1.69442
                    1998.11    1.66108
                    1998.12    1.67080
                    1999.01    1.64975
                    1999.02    1.62764
                     1999.03    1.6213