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.

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