WASHINGTON - The House Banking Committee has scheduled a hearing for Oct. 5 to investigate recent derivatives losses suffered by state and local governments and other major investors such as a large bank mutual fund.

The hearing, announced by committee chairman Henry B. Gonzalez, D-Tex., will include witnesses from the Government Finance Officers Association; Charles County, Md.; BankAmerica Corp.; and Odessa Junior College in Odessa, Tex.

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