The White House is searching for two Federal Reserve Board governors after the resignation of Alice M. Rivlin. Page 2


The Bank Administration Institute and the Institute of Financial Education said they are planning to merge July 1. Page 3

Wells Fargo has agreed to buy Texas Bancshares in San Antonio for an undisclosed amount. Page 5


The start-up wave in the Chicago area is showing no sign of slowing down. Page 6


Fannie Mae has hired a consumer marketing star as senior vice president of its marketing department, fueling concern that the loan buyer is horning in on lenders' relationship with consumers. Page 8


Since retail deposits are not keeping pace with loan demand at many small banks, executives are turning to sources as diverse as the Federal Home Loan Bank System and out-of-market deposits for additional loan funding. Community Banking Quarterly puts the spotlight on alternative funding sources. Pullout section


A Long Island, N.Y., provider of back-office services to mutual funds is gearing up to help small banks start their own funds. Page 12

Invesco is bulking up the unit that markets its no-load mutual funds through brokerages, registered investment advisers, and banks. Page 12


Visa U.S.A. and Trintech Group have joined forces to promote Internet payment acceptance by retailers and their transaction-acquiring banks. Page 14


Q-Up Systems seems a likely candidate for an initial public offering, but the Internet banking software developer is shunning the public markets. Page 17


Merrill Lynch's move to on-line discount brokerage touched off a wave of selling of brokerage shares that has yet to subside. Page 25

Net.Bank shares have fallen sharply in recent days, despite news that the Internet bank's only publicly traded rival, Telebanc, is being sold. Page 30

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