BANKING & FINANCE - June 23, 1995
<i> Times Staff and Wire Reports</i>
Rate on One-Year Treasury Bills Falls: The average discount rate was 5.22% in Thursday’s auction, down from 5.54% at the last auction on May 25. It was the lowest rate since 5.20% on July 21. The bills’ purchase price was $9,472.20 per $10,000 face value, for a true yield of 5.53%. Sales totaled $18.29 billion out of bids of $41.81 billion.