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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: BANKING & FINANCE
Date: Wed, 4 Nov 92 06:47:12 EST
Message-ID: <money73.1992Nov4.064712@AmeriCast.com>

HEADLINE: BANKING & FINANCE
Publication Date: Tuesday November 3, 1992
BYLINE: 

Cost of Funds Drops: The 11th District cost of funds index fell to
4.805% in September from 4.874% in August, the Federal Home Loan Bank of
San Francisco reported. The index is significant because it is one of the
key measurements lenders use in setting adjustable-rate mortgages in the
state. ARMs typically are set from 2% to 2.5% above the index, which
measures the cost of mortgage money for thrifts in California, Arizona
and Nevada.

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