Today's News

WASHINGTON: WHILE LEGISLATION to repeal the Glass-Steagall Act cleared a significant hurdle in the House Banking Committee this week, the measure could face a tougher challenge in the Commerce Committee. Page 2 THE NATION's largest home mortgage lender more than doubled its loans to minorities in 1994, and virtually eliminated the disparity among races in its loan denials. Page 2 REGIONAL BANKING: TCF FINANCIAL Corp. cleaned up its own horrendous credit problems a decade ago. Now the Minneapolis thrift is applying those hard-earned lessons at a Michigan institution it acquired last year. Page 5 CONFRONTED WITH slow growth in exports from New England relative to other regions, Bank of Boston Corp. has launched a major program to help local manufacturers increase overseas sales. Page 5 COMMUNITY BANKING: IN AN EFFORT to improve lending on Indian reservations, North Dakotabankers are meeting with the state's five tribes. Page 7 MORTGAGES: BANKERS AT the ABA's consumer credit conference were warned that they had better start operating more like finance companies or lose market share. Page 8 COMPLIANCE: REGULATORY RELIEF legislation, which stands a good chance of passage, would reduce lending disclosures, ease community reinvestment standards, and lessen the industry's supervisory burden. Page 11 CREDIT/DEBIT/ATMs: SMART CARD enthusiasts say that someday one card with multiple functions - from banking to health care - will replace today's walletful of plastic. Critics, however, see some roadblocks. Page 14 VERIFONE INC. staged a three-day smart card trial at a Ritz-Carlton Hotel in Hawaii this week, preparing its sales staff and international distributors to sell the new terminals to merchants. Page 15 INVESTMENT PRODUCTS: A NORTH DAKOTA investment marketing firm is helping small-town banks develop a big-city business - trust services. Page 16 THE FEDERAL Reserve Bank of New York launched its investment seminar program in a tranquil New Jersey township. But the senior citizens who showed up for the meeting last week were anything but quiet. Page 17 TECHNOLOGY: STATE STREET Bank and Trust Co., the nation's largest provider of pension plan and mutual fund custody services, is offering a PC-based service for managing portfolio investments not traded on public markets. Page 18 FINANCE: CAPITAL ONE Financial Corp., the credit card specialist spun off by Signet Banking Corp. last November, is about to reward investors with some pleasant surprises, an analyst says. Back page AS LAWMAKERS debated overturning the Depression-era law that keeps banks out of the securities business, bankers at a New York conference were focused on the nuts and bolts of preparing for new powers. Back page

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