BANKING & FINANCE - Jan. 30, 1993
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From Times Staff and Wire Reports
Cost of Funds Index Drops: The 11th District cost of funds index dropped to 4.432% in December from 4.508% in November, the Federal Home Loan Bank of San Francisco said. The index, which essentially measures the cost of the money thrifts borrow to make loans to consumers, is used to determine payments on about a third of the nation’s 18 million adjustable-rate mortgages.
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