A Snapshot of the Markets, One Year After Kuwait

Aug. 1, ’90 Aug. 1, ’91 Japanese yen per dollar 147.20 137.55 German marks per dollar 1.59 1.76 Oil, per barrel $21.54 $21.27 Gold, per ounce $373.30 $363.20 Silver, per ounce $4.82 $4.05 30-year fixed-rate mortgage 9.98% 9.50% Prime lending rate 10.00% 8.50% Federal Reserve discount rate 7.00% 5.50% Dow Jones industrial average 2,899.26 3,017.67

Source: New York Mercantile Exchange (oil futures); New York Commodity Exchange (metals futures); Federal Home Loan Mortgage Corp.; Federal Reserve