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Major U.S. Banks Cut Prime Lending Rate to 8 1/2%
Los Angeles Times (1886-Current File) - Los Angeles, Calif.
Author: JOHN M BRODER
Date: Apr 22, 1986
Start Page: F1
Pages: 2
Section: Part IV
Text Word Count: 704
 Abstract (Document Summary)

The nation's leading banks, acting on cue from the Federal Reserve Board, on Monday reduced their prime lending rate to 8 1/2% from 9%.

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