WASHINGTON

Despite objections by the President, a House Banking subcommittee was expected to pass a bill Wednesday to modernize the Federal Home Loan Bank System. Page 2

REGIONAL BANKING

As head of a new BankAmerica marketing group, Gary J. Matus is charged with devising new ways to leverage the bank's vast customer data base. Page 4

Following other regionals, New Jersey's Summit Bancorp is moving into supermarket banking with plans to open 70 in-store branches by the end of 1998. Page 4 SPECIAL REPORT

The American Banker takes a close look at the new breed of giants taking shape in the banking industry. Though the partners in these deals are pursuing some compelling strategies, they will also face some clear challenges in the future. A key question: Will the managements of these megabanks be up to the task? Pullout section

COMMUNITY BANKING

Resistance by Florida banks forced the state's comptroller to abandon a yearlong effort to reassign his agency's bank regulatory powers to another state office. Page 17

It may sound like New Age pseudoscience, but graphology - the study of handwriting for character analysis - is a handy personnel tool for some bankers. Page 17

COMPLIANCE

Bankers at the BAI '96 compliance conference were flocking to sessions on the new Community Reinvestment Act and revised money-laundering rules. Page 18

The scores of state and federal restrictions on bank advertising are a minefield for some lenders. Just ask Cambridge Savings Bank. Page 18

MORTGAGES

Fannie Mae has chopped $50 million off its lending volume forecast for 1996. The agency says '96 lending still will be about 14% more than in 1995. Page 20

The Department of Housing and Urban Development began spring cleaning last week, selling 16,231 single-family mortgages to the private market. Page 21

INVESTMENT PRODUCTS

Mutual fund dealers big decision once was wether to go load or no-load. Now they face murkier questions and growing customer demands. Page 22

CREDIT/DEBIT/ATMs

Gemplus, the French smart card manufacturer, shook up its North American staff, replacing president Dan Cunningham. Page 26

FINANCE

National City Corp. appears to be the first casualty of new SEC guidelines on merger-related accounting. The bank plans to forgo the remainder of an ambitious buyback. Back page

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