REGIONAL BANKING

Oklahoma's largest independent bank, BOK Financial, wants to double in size through a merger of equals or through acquisitions. Page 5

INVESTMENT PRODUCTS

Northern Trust's highly profitable Florida operation is likely to serve as its growth model as it prepares for national expansion. Page 6

Bank of Ireland Asset Management is setting its sights on individual investors after eight years in the U.S. institutional market. Page 7

CREDIT/DEBIT/ATMs

AT&T Universal Card Services has refreshed its rewards program with new partners and features and has renamed it. Page 8

The processing unit of First USA has hired James W. Baumgartner from First Bank System to be president of its commercial card subsidiary. Page 9

WASHINGTON

The Federal Reserve is "mounting a concerted effort" to cover up waste and abuse in its check-clearing system, Rep. Henry B. Gonzalez charged. Page 2

Banc One gave legislation to reform the Glass-Steagall Act its "wholehearted" endorsement, breaking ranks with die-hard opponents. Page 3

COMMUNITY BANKING

The Federal Reserve System's effort to streamline its correspondent banking services is making it easier, and cheaper, for large correspondent banks to do business in states far from home. Page 10

Phoenix, where out-of-state superregionals are breathing down the necks of community banks, the only independents left in the fast-growing city, may foreshadow the future of banking. Page 12

MORTGAGES

If 5.5% fixed-rate mortgages materialize as forecast recently by a Fed governor, it would mean the biggest refinancing boom in history but also a flood of prepayments that would devalue portfolios of servicing rights. Page 13

TECHNOLOGY

Two powerful payment system associations are in a dogfight to define how a new breed of electronic check payments are settled. Page 15

With the Chemical merger completed, Chase Manhattan is again training its sights on a series of television and PC-based banking services it plans to offer with Nynex. Page 15

FINANCE

Keefe, Bruyette & Woods plans to announce it has acquired Charles Webb & Co., making a significant push into the mutual thrift conversion advisory business. Back page

Two weeks before presenting their high-profile derivatives case against Bankers Trust to a judge and jury, two top Procter & Gamble lawyers minimized the prospects for a settlement. Back page

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