Technology budgets at U.S. commercial banks are expected to grow by 6.7% in 1995, the third consecutive year of increases exceeding the inflation rate.

But results of a new survey show that while banks' investment in critical newer technologies, like client/server and imaging systems, is on the rise, the portion of systems budgets earmarked for such new development has only marginally offset spending on the maintenance of mainframe-based computers and applications, which continues to eat up more than three- fifths of all bank technology dollars.

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