WASHINGTON:
A simple change by Rep. Richard Baker has jump-started legislation - pronounced dead in July - to overhaul the Federal Home Loan Bank System. Page 4
TWO JUDGES in New York - one state and one federal - have set a precedent that could mean big headaches for banks involved in mergers, branch sales, and other transactions. Page 3
MANAGEMENT STRATEGIES:
BANKS ARE SPENDING more on new technology - but is it enough? That story and more in a special issue covering results of the 1995 Survey of Technology in Banking. Pullout section
REGIONAL BANKING:
BANKS ARE MISSING a good bet by not targeting Generation X, whose members' technology savvy and savings orientation make them desirable customers, a marketing expert says. Page 5
TOP EXECUTIVES at two big western thrifts and Hawaii's biggest bank gave upbeat assessments of their companies' prospects at a Montgomery Securities investment conference Page 5
COMMUNITY BANKING:
PACIFIC BUSINESS BANK, flush with capital and some assertive new owners, is buying another Los Angeles-area bank. Page 9
CHRISTOPHER WILLISTON, executive director of the Independent Bankers Association of Texas, is feeling pretty good about life these days. Page 9
CREDIT UNIONS:
DEARBORN FEDERAL Credit Union is replacing its retiring president with - nobody. Its "office of the president" will consist of the heads of three division heads.
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BOOTING DEADBEATS off the membership rolls is the policy at an estimated 60 credit unions, and the number may be growing.
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MORTGAGES:
GREAT WESTERN BANK, a California thrift, has cut its cost of funds by offering more banklike services, such as CDs and checking accounts. Page 17
THE NATIONAL ASSOCIATION of Realtors plans to roll out an on-line service designed to help real estate agents carry customers through the homebuying process. Page 16
CREDIT/DEBIT/ATMs:
FOLLOWING THE LEAD of other top financial services firms, Capital One Financial is taking steps to link executive compensation to stock performance. Page 19
TECHNOLOGY:
SKYROCKETING foreign exchange volumes and the increasing globalization of financial markets are said to be forcing banks and regulators to take a fresh look at how to reduce payment-system risk. Page 23
BANK SYSTEMS stocks declined as investors moved their money out of the technology sector. The retreat was spurred by suggestions that earnings would fall short of expectations. Page 23
FINANCE:
WITH THE ECONOMY's vital signs stable, the Federal Reserve is unlikely to lower interest rates again Tuesday when its monetary policy committee meets in Washington. Back page
