REG Y: The Fed is expected to adopt a proposal by the end of February opening more data processing business to banking companies, streamlining application procedures, and abolishing tying restrictions on nonbanks. Published Sept. 6; comments were due Oct. 31.

FOREIGN BANKS: The Fed is expected to propose by the end of the first quarter a major overhaul of its rules governing foreign banks. Scores of duplicative filing requirements may be eliminated, making it easier for foreign banks to expand their operations here.

RECOURSE: The agencies may soon adopt a plan reducing the amount of risk-based capital banks must hold against some assets sold with recourse. Under the plan, the agencies also could require banks to hold more capital against other assets, such as letters of credit. This plan is not directly related to proposed call report changes. An advance notice of proposed rulemaking was issued for comment in May 1994. Comments were due in July 1994. Regulators have been tussling with it ever since.

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