Leach Attacks Clinton Underwriting Plan House Banking Committee Chairman Jim Leach vowed an all-out fight against an administration proposal to permit securities underwriting through bank subsidiaries. The Iowa Republican said he is pleased the White House wants to repeal the Glass-Steagall Act, but he insisted that new powers be housed in separately capitalized holding company subsidiaries. March 1 19360

Savings institutions face increased insurance premiums in five years if problems stemming from the expected drop in bank rates are not addressed, according to a report by the Government Accounting Office. Senate Banking Committee Chairman Alfonse M. D'Amato and Rep. John LaFalce, D-N.Y., demanded that the Federal Deposit Insurance Corp. act to help the thrift industry. March 3 19457 Great Western Financial Corp., the nation's second-largest thrift company, is planning to charter two national banks in an effort to escape the high costs of thrift deposit insurance. The plans show the lengths that thrifts are willing to go avoid the looming disparity in deposit premiums between banks and thrifts. March 2 19403 The Comptroller's office prepared rules that would make it easier for banks to do business across state lines and to march into new product areas. March 3 19458 REGIONAL BANKING Compass Dissidents Press Their Attack Intensifying their effort to gain control of Compass Bancshares, dissident shareholders have sent a "fight letter" and preliminary proxy statement to the Alabama company's investors. March 2 19383

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