NEW YORK - Regulations mean to protect taxpayers from a bank crisis similar to the savings and loan collapse could hurt more than help, a bank economist says in today's issue of Standard & Poor's Corp.'s Credit Week.

Implementation of the Federal Deposit Insurance Corp. Improvement Act of 1991 "will make it difficult for many banks to continue to buy government securities, at least at recent levels," says Thomas W. Synnott 3d, chief economist of U.S. Trust Co. of New York.

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