WASHINGTON

Winners in the aftermath of the demise of a sweeping financial reform bill include Sen. Alfonse D'Amato and the banking industry. Losers include Rep. Jim Leach, the bill's sponsor, and insurance agents. Page 3

A plan exempting thrifts from $3 billion in back taxes was attached to a bill creating adoption incentives approved by a Senate tax panel. Page 2

REGIONAL BANKING

BankAmerica hired the consulting firm Marakon Associates for a companywide review of business unit performance. Page 4

COMMUNITY BANKING

Nebraska's Pinnacle Bancorp encourages credit scoring at its 18 midwestern banks as a component of farm loan underwriting. Page 24

Ailing Fairfield First Bank and Trust is facing closure by regulators for the third time in as many years. Page 25

MORTGAGES

Growth in the home equity market has been so rapid lately that keeping up the pace will be difficult, but lenders are optimistic. Page 27

FUTUREBANKING

Salem Five Cents Savings Bank, a $750 million-asset Massachusetts thrift, is pioneering on the Internet to reach out for customers beyond its geographical area. William Mitchelson, chief executive, and Michael Fitzgerald, who created Salem Five's Web site, use a homespun flavor to emphasize the thrift's community bank status. Pullout section

TECHNOLOGY

Bank technology stocks fared better than the broader market, which seesawed as investors sought clues to the economy's direction. Page 28

A transaction processor owned by National City Corp. is buying a Unisys imaging system for its four service bureaus. Page 30

SMALL BUSINESS

Experienced lenders are becoming the most sought-after executives in the small-business segment, with banks raiding each other for talent. Page 31

Chase Manhattan promised 24-hour turnaround on loans with a fixed 8.25% interest rate. Page 32

INVESTMENT PRODUCTS

The SEC cracked down on Transcorp Pension Services, an independent pension plan administrator allegedly operating as an unregistered broker- dealer. Page 33

Bank mutual fund sales won't keep pace with the rest of the industry if investors' appetite for aggressive-growth funds persists. Page 34

CREDIT/DEBIT/ATMs

Discover threw a party in Radio City Music Hall to unveil the latest celebrity artwork for its Private Issue credit cards. Page 35

MARKET MONITOR

Mellon's controversial $1.8 billion acquisition of Dreyfus turned the bank's stock into a laggard, but at a meeting with analysts, the bank brought out some favorable numbers. Page 39

As investors wonder whether the Fed will raise interest rates this summer to head off inflation, many economists think the deflator index is the best guide, and it shows low inflation. Page 39

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