WASHINGTON - Mergers among banks are not driving customers out the door, Federal Reserve economist Stephen A. Rhoades told a recent Consumer Federation of America conference.

"Consumers, and I include myself in this group, are not very price- sensitive in terms of banking services," Mr. Rhoades said. "The same people who drive 20 miles to save a couple of bucks on a pair of blue jeans put a greater emphasis on convenience than price when they're shopping for banks."

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