HSBC Bank USA, N.A. and Affiliates Lower Prime and Reference Rate

Business Wire,  Oct 31, 2007  

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NEW YORK -- HSBC Bank USA, N.A. and its affiliates announced that they lowered their prime and reference rate to 7.50% from 7.75% effective today, Wednesday, October 31, 2007.

About HSBC Bank USA, N.A.:

HSBC USA has nearly 450 bank branches throughout the United States, with about 400 in New York State and a growing network of branches in New Jersey, Florida and California. The bank also has branches in Delaware, Washington, D.C., Washington state, Pennsylvania, and Oregon. It is the principal subsidiary of HSBC USA Inc., an indirectly-held, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. one of the nation's 10 largest bank holding companies by assets.

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