WASHINGTON
Two credit unions seeking to become federal mutual thrifts will be allowed to keep their one-member, one-vote framework. Page 2
The banking industry faces a do-or-die test of its lobbying might today as it tries to stop financial reform and credit union legislation in the House. Page 2
COMMUNITY
Small banks in five fast-growing western cities should boost loan-loss reserves to protect themselves against an economic downturn, the FDIC says. Page 8
CORPORATE FINANCE
White Cap Industries, one of the West Coast's largest distributors of building supplies to contractors, has been building new banking relationships. Page 9
INVESTMENT PRODUCTS
INSURANCE: Bryn Mawr Trust, a provider of investment management services to residents of Philadelphia's affluent Main Line, added insurance to its mix. Page 11
TECHNOLOGY
The Fed and private-sector views on payments processing clashed at the BAI conference. Cathy E. Minehan, the Boston Fed president, said that the inefficiencies in the current systems reflect the high degree of decentralization in the industry, which in turn has contributed to national economic innovation. Page 19
Meca Software will begin customizing Intuit's Quicken personal financial management software for financial institution home banking programs. Page 19
MORTGAGES
Today's hot mortgage market could be a breeding ground for fraud, speakers warned at a regional meeting of mortgage bankers associations. Page 12
Nonconventional lenders at an annual conference focused on building their lobbying war chest and polishing their industry's image. Page 13
DIGITAL FRONTIERS
ELECTRONIC COMMERCE: A fast-moving young company has hooked up with several organizations to create an open, end-to-end EDI solution. Page 18
IBM expanded its CommercePoint Payment system in response to growth in electronic commerce activity. Page 18
MARKETS
A PaineWebber analyst is predicting that NationsBank will turn in a solid first quarter and begin dispelling doubts about its purchase of Barnett. Back page
Citicorp promoted the president of Citibank California to lead retail operations in Southeast Asia, and named an executive vice president to the additional post of state officer for Florida. Back page
