WASHINGTON
TWO KEY industry trade groups endorsed House Banking Committee Chairman Jim Leach's latest try to roll back regulations and expand bank powers. Page 2
THE OCC promoted G. Scott Calhoun, its 41-year-old examiner in charge at Citibank, to be the agency's first deputy comptroller for risk evaluation. Page 3
COMMUNITY BANKING
TINY Community Bank of Nevada pooh-poohs charges of questionable lending practices leveled by the state's largest labor union. The Las Vegas bank said the Culinary Workers Union's dispute with Margaret Elardi, a bank director, had prompted the accusation. Page 6
MORTGAGES
A TOP EXECUTIVE of Fannie Mae told hard-pressed California thrifts the secondary market agencies have filled the mortgage funding gap. Page 8
THE FORMER chief executive of Chemical Residential Mortgage Corp. has started a small mortgage lending company, America's Mortgage Source, in New Jersey. Page 9
ANALYSTS' ROUNDTABLE
CONSUMER credit will not become an industry problem, analysts said in American Banker's quarterly roundtable discussion, but trouble at several banks could drag down the sector. Robert Albertson of Goldman Sachs said, however, "I'm struck by the differentiation in performance" of bank stocks, as investors distinguish among them. Page 10
INVESTMENT PRODUCTS
TRUSTMARK plans to crank up its retail mutual fund sales by launching an asset allocation account that mixes proprietary and brand-name funds. Page 12
A SMALL Southern California thrift is moving into Riverside, an emerging entrepreneurial center, to fill a trust management void left by the departure of BankAmerica and First Interstate. Page 12
CREDIT/DEBIT/ATMs
STANDING in front of Chase Manhattan's Park Avenue headquarters, community activists accused the company of charging "exorbitant" ATM fees. Page 14
THE TIMETABLE for awarding contracts to companies that issue cards to federal employees is being speeded up. Page 14
TECHNOLOGY
WACHOVIA is seeking to patent technology it developed in a document imaging service for corporate customers. Page 15
BENEFICIAL NATIONAL Bank said it will invite Compuserv users to apply on-line for loans of up to $10,000, and get a decision within two minutes. Page 15
FINANCE
BANKS EMERGED with fewer cuts and bruises than most issues during what one analyst called "a bloodbath" for stocks. Back page
A $200 MILLION, high-yield bond offering by Lear Corp. led by a unit of Bankers Trust attracted strong investor interest. Back page
