NEW YORK - Barely 15 minutes after the Federal Reserve's Open Market Committee raised the Federal Funds rate by 50 basis points to 6.50% on Tuesday, Bank One Corp. and Bank of America Corp. were among the first to say they would hike their prime lending rates to 9.50% from 9.00%.

Other companies that announced their bank's prime rate increase by the end of Tuesday include: First Union Corp. of Charlotte, N.C.; Keycorp of Cleveland; Firstar Corp. of Milwaukee; Wells Fargo & Co. of San Francisco; Michigan National Corp. of Farmington Hills; BankUnited Financial Corp. of Coral Gables, Fla.; Pittsburgh-based Mellon Financial Corp. and PNC Financial Services Group; New York-based Bank of New York, Citibank, Chase Manhattan Corp., HSBC USA Inc., and M&T Bank Corp.; Comerica Inc. in Detroit; FleetBoston Financial Corp. in Boston; Northern Trust Corp. in Chicago; Huntington Bancshares Inc. in Columbus, Ohio, and Minneapolis-based U.S. Bancorp and TCF Financial Corp.

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