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FleetBoston Follows Federal Reserve Hike
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Business New Haven
2/21/2000
By: Kristine Hansen
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BOSTON - Following the 25 basis point hike in the federal funds rate to 5.75 percent and discount rate to 5.25 percent by the Federal Reserve on February 2, FleetBoston Financial (NYSE: FBF) announced that its subsidiary banks would raise their prime lending rate from 8.50 percent to 8.75 percent effective February 3.
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