Indianapolis Mayor Stephen Goldsmith says he has grave concerns about the effect the Banc One Corp. takeover of First Chicago NBD Corp. would have on his city.

Mr. Goldsmith met with Michael H. Moskow, president of the Federal Reserve Bank of Chicago, and William Conrad, a Chicago Fed first vice president, last Thursday in Chicago to discuss the planned deal and its effects on Indianapolis. The mayor also said he has discussed the issue with Justice Department officials.

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