The Home Loan banks are opposing a plan designed to increase funding for economic development lending. Page 2

First Union is trying to squelch rumors that it derailed regulatory relief legislation to protect its sweep account business during a House Banking subcom-mittee vote two weeks ago. Page 2


Even if insurance companies are prepared for year-2000 computer problems within their organizations, they could be exposed to trouble from outside, according to a new study. Page 7


The heavy reliance of Atlanta's community banks and thrifts on construction and development lending could make them especially vulnerable in a recession, the FDIC warns. Page 8

Illinois is the latest state to grant its own banks and thrifts the same powers that those with national charters enjoy. Page 8


Canadian Imperial and Hewlett-Packard are forming an outsourcing venture and plan to market its services in the United States. Dan Branda, now chairman and chief executive officer of HP's Canadian operations, will be president of the venture, Intria-HP. Page 14

First Union settled a breach-of-contract suit that a credit automation software firm had filed against Money Store before the banking company bought it. Page 15

The Federal Reserve System is socking away extra cash for the end of next year, expecting heavywithdrawals by people afraid of a millennium-bug meltdown. Page 16


A founder of Cityscape, the nearly bankrupt subprime lender, is helping a Melville, N.Y., company get into the business. Page 9

Fannie Mae's electronic link to mortgage brokers could shift market share toward smaller lenders, according to a new study by Morgan Stanley Dean Witter. Page 9


Silicon Valley Bank has started a group designed to serve media companies overlooked by larger banks. Page 25


A publication that targets bank credit officers is offering a stark assessment of the U.S. economy, saying its expansion is over. Page 26

Battling to stay independent, St. Paul Bancorp in Chicago announced a cost-cutting campaign and said it would take a big charge against earnings. Back page

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