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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 14, 1977
Page
16
Morgan Guaranty Trust of New York, the nation’s fifth largest bank, lowered its prime lending rate by a quarter point to 6.25 percent. Citibank held at 6 percent after changing its formula, while administration efforts to monitor rates were noted but denied as influencing the decision.
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