AMERICAN BANKER addresses the future of automated teller machines, including the proliferation of off-premises terminals and trends in pricing. Pullout section WASHINGTON: THOUGH the White House and congressional leaders each claimed victory in a budget agreement reached last week, student lenders say they're the real winners. Page 2 REGULATORS from 12 countries will gather on Tuesday for one of the of the Basel Committee on Banking Supervision's most important meetings since it came out with risk-based capital standards in 1988. Page 4 REGIONAL BANKING: A WELLS TAKEOVER of First Interstate would slow down Los Angeles County's recovery from a five-year slump for Los Angeles County, according to a local group's study. Page 6 COMMUNITY BANKING: THE FARM FINANCIAL Standards Council wants more farmers and lenders to adopt its guidelines for financial reporting. Page 8 CREDIT UNIONS: REGULATOR-BASHING is a popular sport at trade group conferences, but the complaints at the California Credit Union League's about NCUA Chairman Norman D'Amours at times went beyond the ordinary. Page 10 U.S. Central Credit Union, the industry's primary liquidity facility, has hired the president of a National Cooperative Bank subsidiary as chief executive. He'll succeed one who left in March under a cloud.
Page 11 MORTGAGES: BANCBOSTON MORTGAGE and Countrywide Funding operate the most efficient and technologically advanced big mortgage servicing operations, according to a study. Page 12 HOME MORTGAGE lenders can expect a refinancing "boomlet" to hold their attention for much of 1996, an industry analyst says. Page 12 INVESTMENT PRODUCTS: WHY IS NationsBank colossus searching for a business partner as it plots the takeover of British money management firm Gartmore? Investment bankers suggest reasons ranging from cultural worries to some fairly straightforward accounting issues.
Page 15 CUSTOMERS SEEKING investment advice at a $6.7 billion-asset People's Bank in Connecticut bank may soon be face to face with a video camera instead of a broker. Page 14 TECHNOLOGY: BankAmerica has agreed to continue outsourcing its non-California retail operations to M&I Data Services for five more years. Page 18 CFI Proservices, the banking software firm, is buying Culverin Corp., which sells branch automation systems, for $4.8 million. Page 18 FINANCE: THE BIDDING WAR for First Interstate has prompted short selling of the two combatants - First Bank System and Wells Fargo. Back page CREDIT/DEBIT/ATMs:
Page 16 SCHLUMBERGER, the French smart card manufacturer, has taken a step toward the ultimate in remote banking by acquiring the rights to add a smart card reader to Apple's hand-held computer, the Newton. Page 17