WASHINGTON: ABOUT 22% of Capital Corporate Federal Credit Union's deposit base evaporated Monday as 130 nervous members yanked funds from the ailing institution, which had been seized by the government Jan. 31. Page 2 LENDERS are asking the Federal Reserve Board to eliminate consumers' right to cancel certain loans during the first 72 hours after closing. Page 3 REGIONAL BANKING: MARC VIENOT, chairman and chief executive France's Societe Generale, is bucking the trend among major international banks to build up capital markets operations at the expense of commercial banking; he's keeping a foot firmly planted in each domain. Page 4 NATIONAL AUSTRALIA Bank is considering further acquisitions in the United States after its $1.56 billion purchase of Michigan National Corp., said a senior executive of the Melbourne-based bank. Page 5 COMMUNITY BANKING: ANNA DOBIN, president of Foremost Mortgage in Shrewsbury, N.J., and a mortgage warehousing customer of Texas' Fidelity Bank, said the bank had exceeded its legal lending limit and was lax in monitoring warehousing relationships - making it as much a victim of its own loose practices as of the fraud the bank has alleged. Page 6 INVESTMENT PRODUCTS: ALASKANS are known for their fierce independence, and it shows in the way Anchorage-based National Bank of Alaska has shunned help from investment product marketers and decided instead to sell funds through its own trust department. Page 8 CREDIT/DEBIT/ATMs: A BANNER YEAR for the credit card industry was recorded in the initial numbers for 1994, but analysts say much of the growth in receivables and accounts came from existing customers rather than an influx of new cardholders. Page 11 FIRST FINANCIAL Management has created a six-member office of the chairman in order to prepare for a new growth surge with an international dimension, says Patrick H. Thomas, chairman, president, and chief executive officer. Page 11 MORTGAGES: HOME EQUITY lending could soon take a giant step toward legalization in Texas. The state Legislature is expected to consider and probably will approve a change in the 156-year-old law that bans such loans. Page 14 TECHNOLOGY: DEMAND for financial electronic data interchange services is hitting a level that may induce thousands of banks to participate more fully in the business, according to industry executives surveyed by the National Automated Clearing House Association. Page 16 CHASE MANHATTAN and Visa U.S.A. have co-funded a program with the New York City public schools designed to teach special-education high school students basic financial skills using interactive multimedia technology. Page 17 FINANCE: BANKAMERICA's credit ratings were reaffirmed Tuesday by Standard & Poor's, after the announcement that the banking company would repurchase about 11% of its shares. Back page A RALLY in bank stocks coupled with increasing confidence in the recovery of the California economy has propelled First Interstate Bancorp's stock price close to its 52-week high. Back page
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