The following are excerpts from testimony, by John E. Steuri, chairman and chief executive officer of Systematics Information Services Inc., Little Rock, Ark., before the financial institutions supervision, regulation, and deposit insurance subcommittee of the House Banking Committee on Sept. 29.

Chairman Neal, it is my understanding that your subcommittee is concerned with the impact of new technology on the structure of the banking industry and the ability of smaller banks to compete against their larger counterparts.

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