WASHINGTON
Trying to stop what they call unfair competition, the ABA and the IBAA are appealing a court ruling allowing the Farm Credit System to expand its lending. Page 2
The Fed is being honored by the Postal Service with a commemorative stamp. The eagle pictured on the stamp perches on the facade of the central bank's Constitution Avenue building, which opened in 1937. The Postal Service will issue the stamp, the 16th of 30 in a series celebrating the first two decades of the 20th century, next month. Page 2
INTERNATIONAL
BankBoston has decided to expand its capital markets operations in Asia, a decision that has prompted the departure of the bank's senior executive in the region. Page 3
COMMUNITY BANKING
Federal regulators have slapped California's Regency Bank with a cease- and-desist order for not having enough capital. Page 6
CORPORATE FINANCE
Last year's surge in bank holding companies seeking expanded securities powers is expected to continue for much of 1998, industry watchers say. Page 7
MORTGAGES
President Clinton won't find it easy to convince Republicans in Congress that the FHA mortgage insurance plan should be expanded to let the government insure home loans as large as $227,150. Page 10
CREDIT/DEBIT/ATMs
CARD FRONTIERS: RSA Data Security, which sets the de facto standards for the codes that scramble and protect computerized information and electronic messages, is making room in its tool kit for an encryption method based on the mathematics of elliptic curves. Page 11
TECHNOLOGY
A report from Computer Sciences Corp. quantifies the potential ripple effect of year-2000 system glitches on foreign exchange markets. Page 12
Cylink, a provider of cryptographic network security systems, hired a former National Security Agency official as vice president of product management and strategy. Page 13
INVESTMENT PRODUCTS
Cross Marketing, a Peapack, N.J.-based third-party marketer of investment products, formed an alliance with a prominent Wisconsin banking trade group. Page 14
National City, which has been in the derivatives business with corporate clients for two years, is now gearing up to hedge risks for wealthy clients. Page 14
MARKET MONITOR
Hibernia, First American, and other regional banks gained ground in market trading, after delivering solid earnings as promised - with no hint of any impact from Asia's problems. Back page
