the ALL program has been run on this file

WASHINGTON

A Federal Reserve Board governor said lawmakers should quickly adopt financial reform legislation when they convene next year. Page 2

Well-prepared banks and thrifts can use the year-2000 problem to their competitive advantage, an information services executive said. Page 3

REGIONAL

Though many investors are bailing out of bank stocks, some bankers see the current market as an opportunity to buy. Page 5

COMMUNITY

The Tennessee banking department says it will finish its fiscal year about $920,000 in the black and rebate that amount to the 179 state- chartered banks. Page 6

MORTGAGES

As the industry addresses the year-2000 issue, software upgrades and testing by customers and vendors is moving forward, but companies that got a late start will end up paying more. Page 7

INVESTMENT PRODUCTS

Summit Bancorp and Wells Fargo each announced steps to expand their employee benefits offerings. Page 8

A $4.1 billion-asset banking company in Illinois has partnered with a national accounting firm to provide wealthy clients with more extensive investment services. Page 8

CARDS

Facing greater competition for holiday spending dollars, credit card companies are unwrapping big end-of-year promotions backed by months of consumer research. Page 9

TECHNOLOGY

Underscoring its reinvention as a technology company, State Street has collected five awards in five months for its back-office prowess. The latest was the 1998 Excellence in Technology award from Gartner Group, which recognized Marshall N. Carter, State Street's chairman and chief executive officer. Page 10

CORPORATE FINANCE

The Internet is limiting the financing options open to companies pulling out of the initial public offering market, a lawyer says. Page 11

MARKETS

The Office of the Comptroller of the Currency's risk management supervisor is urging banks to sharpen their oversight when bringing asset- backed securities to market. Back page

PNC Bank Corp.'s shares continue to be overvalued in spite of the downdraft in bank stocks over the past two days, an analyst contends. Back page

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