BANKING
From Times Staff and Wire Reports
52-Week T-Bill Yield Fall: Interest rates on 52-week Treasury bills fell to their lowest level in more than 14 years. The average discount rate was 5.12%, down from 5.26% at the last auction on Sept. 19. It was the lowest rate since 52-week bills averaged 4.728% on Jan. 5, 1977. The bills will carry an equivalent coupon interest rate of 5.42%, with each $10,000 in face value selling for $9,482.30. Sales totaled $12.53 billion out of bids of $36.50 billion.
