Bank revenues from cash management services grew 9% in 1998, to $9.5 billion, the fastest rate of growth for the highly mature business in a decade, according to a study from Ernst & Young.

The nation's economic expansion was cited as the primary source of growth by Lawrence Forman, director of the New York consulting firm's 16th annual survey, which does not include sales from international operations. The last time cash management revenues grew nearly this fast was in 1990, when they rose 8.5%.

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