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BRIEFLY

November 18, 1987

California's biggest banks have kept their credit card rates at 1986 levels of up to 21%, while interest rates generally have been falling, a public-interest group says. According to San Francisco-based Consumer Action, Los Angeles-based First Interstate Bank had the highest rate, at 21%, followed by Security Pacific Bank of Los Angeles at 20.4% and Wells Fargo Bank of San Francisco at 20%. San Francisco-based Bank of America offered a rate of 19.8%, as did Great Western Bank of Beverly Hills and Union Bank of Los Angeles.

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