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BRIEFLY

Banking

September 20, 1991|From Times Staff and Wire Reports

Yields on One-Year Bills Fall: The average discount rate on 52-week T-bills fell to 5.26% from 5.36% at the last auction Aug. 22. It was the lowest rate since 52-week bills averaged 5.16% on April 27, 1977. The bills will carry an equivalent coupon interest rate of 5.57%, with each $10,000 in face value selling for $9,468.20. Sales totaled $12.55 billion out of bids of $34.63 billion.

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