Executives at Deposit Guaranty Corp. agree that the election of its president and chief operating officer, Howard L. McMillan Jr., as president of the American Bankers Association gives the Jackson, Miss.-based bank a great view of the goings-on inside the Beltway.

But Mr. McMillan, who was installed last month as head of the industry's leading trade group, said that his new post doesn't relieve him of his responsibilities with the $4.9 billion-asset bank.

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