ELECTRONIC BENEFITS I: A Treasury proposal is expected by early August on how the government will deliver Social Security and other federal benefits electronically to the 10 million recipients who do not have bank accounts. A 1996 law requires the federal government to send all government payments, except tax refunds, electronically by Jan. 1, 1999.

INTERSTATE II: The three banking agencies are expected by late summer to consider a final rule preventing out-of-state branches from draining deposits from 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. The final rule was supposed to have been adopted by June 1 when full-scale interstate branching took effect.

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