COMPLIANCE:
CHASE MANHATTAN's Mark Willis says its new Harlem branch - with an ATM, a phone banking link, and a loan officer, but no tellers - could be the prototype for inner-city branches in New York and elsewhere. "We think this may be the right mix."
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AS BANKS get bigger through mergers, their compliance efforts should improve, experts say.
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REGIONAL BANKING:
SUNTRUST's Trust Company of Georgia is reportedly considering putting branches in supermarkets of the 492-store Publix chain. Page 4
POLICYMAKERS are doing the public a disservice by shielding insurance agents from the inevitable need to form cooperative ventures with banks, William M. Isaac writes. Page 4
COMMUNITY BANKING:
REENGINEERING-minded Trans Financial Inc. of Kentucky has formed an employee training subsidiary and hired an experienced bank educator to run it.
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AMID REPORTS that it is negotiating a sale to Bank of Boston, Boston Bancorp is trying to answer regulatory criticism that led to the resignation of two top executives.
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INVESTMENT PRODUCTS:
BANK OF NEW YORK is making a classy entrance into Connecticut's lucrative private banking market with the acquisition of Putnam Trust. Page 10
FIRST TENNESSEE has switched administration of its proprietary funds from Fidelity Investments to Alps Mutual Fund Services, Denver. Page 11
MORTGAGES:
ONCE-MIGHTY LOMAS Financial, Dallas, is selling itself off in pieces. New York financier Ronald O. Perelman and his First Nationwide Bank of San Francisco are said to be buying the servicing portfolio.
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MORTGAGE ANALYSIS Computer Corp. says it has developed a system that checks whether adjustable-rate mortgages are being serviced correctly.
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CREDIT/DEBIT/ATMs:
EGGHEAD INC., the software retailer, has come out with a cobranded Visa credit card. First USA Bank is the issuer.
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TECHNOLOGY:
KEYCORP plans to waive temporarily the standard electronic transmission fees for its "positive pay" services, which are meant to stop check fraud
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FINANCE:
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WASHINGTON:
MARKET CONDITIONS improved this summer in the real estate business for the first time in a year, according to a survey released by the Federal Deposit Insurance Corp. Page 2
A PROPOSAL in the works at the Financial Accounting Standards Board might crimp banks' use of repurchase agreements to raise money and manage interest rate risk.
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