EFT ACCOUNTS: The Treasury is expected by April to issue a final rule on low-cost bank accounts for recipients of electronically delivered federal benefits. The rule will set standards for such accounts.

MERGERS: The Fed is expected this month to allow banks that merge between July 1998 and May 1999 to wait until June 1, 2000, to combine their computer systems. Normally, software changes must be instituted within one year of a merger.

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