Daniel R. Smith's corporate and legislative focus can be summed up in two words: New products. His prospects can be summed up in one: Tough.

As he becomes president-elect of the American Bankers Association this week, Mr. Smith formally takes up the industry cause of gaining new powers. The quest comes at a time when the chairman and chief executive of First of America Bank Corp. is scurrying to boost fee income at his own bank.

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