WASHINGTON

The 170 banks operating 13,000 out-of-state branches are about to be required to lend at least half as much proportionately as their local competitors. Page 2

The Senate Banking Committee is expectedto vote on a measure to restructure the Federal Home Loan Bank System when it takes up financial reformlegislation Sept. 3. Page 2

REGIONAL

A year after announcing plans to buy Barnett Banks, NationsBank is preparing to roll out a slew of products and services to customers of what was Florida's leading banking company. Page 4

COMMUNITY

Despite worries from outside observers that the merger of Florida's two trade groups will leave small banks without a voice, community bankers insist they will control the combined organization. Page 5

INVESTMENT PRODUCTS

Banks have some ground to make up in the on-line trading business, equity analysts say. Page 7

CARDS

McDonald's is taking its first national plunge into smart cards-in Germany, where customers can load cash on cards and spend it in more than 870 restaurants. Page 8

The Massachusetts attorney general's office is investigating whether BankBoston and Fleet conspired in setting ATM surcharges. The banks denied that they had colluded. Page 4

MORTGAGES

J.G. Wentworth wants to create a secondarymarket for private mortgage notes-loans that areoriginated by relatives or other investors when established lenders balk. Page 10

A Norwest Mortgage unit is offering lenderselectronic access to income and employment information from state employment security agencies. Page 10

Headlands Mortgage of California will auction a large package of servicing rights on an unusual type of loan-jumbo mortgages with prepayment penalties. Page 10

TECHNOLOGY

On-line customers are more interested in banking and financial than electronic commerce services, according to a PricewaterhouseCoopers study. Page 12

Mellon thinks so much of Dreyfus' data mining system that it plans to incorporate the model into its standard operating procedure. Page 12

MARKETS

M&T Bank shares, which often seem immune to market swings, have fallen substantially in the past month. Back page

INTERNATIONAL Page 6

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