OP-SUB DEVELOPMENT: The OCC is still working on applications filed by NationsBank Corp. to establish real estate development and lease financing operating subsidiaries. Comments were due over six months ago on the applications, which are the first filed under the agency's controversial op-sub rule. The OCC is not expected to act until early next year.

FOREIGN BANKS: Proposed changes in Regulation K have been on hold for a year and are not expected any time soon.

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