FDIC APPLICATIONS: The FDIC is expected to propose in late September a streamlining of the application process for a broad range of activities such as branch openings and mergers by healthy state-chartered banks and thrifts.

ELECTRONIC BENEFITS: A Treasury proposal is tentatively scheduled for today on how the government will deliver Social Security and other federal benefits electronically to the 10 million recipients without bank accounts. A 1996 law requires the federal government to send all payments except tax refunds electronically by Jan. 1, 1999.

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