WASHINGTON Ludwig, Once Feared, Proves a Staunch Ally

When Eugene A. Ludwig took over as comptroller of the currency in April 1993, bankers hardly knew what to expect. As Mr. Ludwig nears the halfway point of his five-year term, the Office of the Comptroller of the Currency has emerged as an ardent advocate of new powers for national banks, a critic of overregulation, and a persistent battler for Washington turf.

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