BANKING & FINANCE - Sept. 16, 1994
From Times Staff and Wire Reports
One-Year T-Bill Rate Rises: The average discount rate was 5.38%, up from 5.36% at the last auction on Aug. 18. It was the highest rate since 52-week bills averaged 5.88% on July 25, 1991. The bills will carry an equivalent coupon interest rate of 5.69% with each $10,000 in face value selling for $9,456. Sales totaled $16.76 billion out of bids of $53.41 billion.
