Prime rate cut to 19 1/2% by several big US banks

Several major banks led by Chase Manhattan cut their prime lending rates Monday to 19 1/2 percent from 20 percent. The late reductions followed Friday's report that the nation's money supply grew $1.1 billion in the latest week -- well within the Federal Reserve's growth targets.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK