NEW YORK - Some three weeks after he abruptly announced his intention to propose a law banning automated teller machine surcharges, the head of the New York City Council told bankers that he would welcome alternative proposals for curtailing the fees, a spokesman said.

In two separate meetings Friday - with New York Bankers Association president Michael P. Smith and executives from Chase Manhattan Corp. - Council Speaker Peter F. Vallone said he still plans to propose a bill. At the same time, he is "open to all suggestions for trying to achieve the same ends," spokesman Michael Clendenin said, declining to be more specific.

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