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

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Tue Jan 22, 2008 4:00pm EST 

NEW YORK--(Business Wire)--HSBC Bank USA, N.A. and its affiliates announced that they lowered
their prime and reference rate to 6.50% from 7.25% effective today,
Tuesday, January 22, 2008.

   About HSBC Bank USA, N.A.

   HSBC Bank has more than 460 bank branches throughout the United
States, with about 380 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.

HSBC Bank USA, N.A.
Francine Minadeo, 212-525-8737
francine.v.minadeo@us.hsbc.com

Copyright Business Wire 2008
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