All the key players in Congress have staked out their positions on financial reform. The only question left is what the Clinton administration is willing to endorse, and how hard it plans to push for legislation.

Treasury's blueprint for action is due on Capitol Hill by March 31, and with Secretary Robert E. Rubin beginning a tour of Asia April 2, industry sources hoped the department would deliver this week. But with Congress in recess for Easter until April 6, the administration's report probably won't be released for another two weeks.

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