INTERSTATE I: The three banking agencies are expected in several weeks to consider a final rule to prevent out-of-state branches from draining deposits out of communities. The proposed rule would require branches of out-of-state banks to lend at least half as much as the average home-state bank. It was published March 17, and comments were due May 2. It was supposed to have been ready in time for full-scale interstate branching June 1.
FOREIGN BANKS: The rewriting of Regulation K is now more than six months late. The rule, which governs the overseas operations of domestic banks and the U.S. operations of foreign banks, now is not expected until late summer.