The July 17 article "OCC in 7 Safety-and-Soundness Pacts" on page 6 was mistaken in saying that one agreement requires Clear Lake National Bank of San Antonio to report accounts opened by "currency exchangers" with Spanish surnames.

The requirement is not about individual accounts but those opened "in the name of a casa de cambio (money exchange house) and other financial institutions as defined in the Bank Secrecy Act." The Comptroller's Office says its use of the Spanish term was not meant to single out Hispanic or Latin American operations.


Thursday's Executive Changes column made two men who work for Bank Leumi USA, Israel Koren and Sheldon Laufgraben, Ms. Koren and Ms. Laufgraben in second reference.

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