There was no official statement from the bank advisory committee, but one banker said it was continuing to review its own proposal last night.

According to bankers involved in the negotiations, the 15-member commercial bank advisory committee offered about $1 billion in debt reduction a year.

Citicorp takes the leading position on many of the bank committees that negotiate with large debtor countries.

It had requested, but the bank committee rejected, about $500 million a month in interim financing.

Venezuela and its bank advisory committee are discussing all aspects of its debt situation.

The bank committee convinced Caldor management to liquidate rather than reorganize, a process that is now nearly complete.

"The bank committee did not discuss the amount of the discounts," said one banker involved in the talks.

Chase heads the bank advisory committee that represents Venezuela's foreign creditor banks.

Bank of America heads the bank committee that negotiated the agreement, and we appreciate the interest.

The other members of Peru's bank advisory committee, the spokesman added, were kept "completely advised right along the line."