WASHINGTON

Rep. Richard Baker, R-La., predicted the Glass-Steagall Act will finally be repealed and bank powers expanded in the next session if congressional leaders take charge of the debate. Page 2

REGIONAL BANKING

More and more displaced high-ranking executives from large institutions are deciding to settle in at smaller banks. Those who've made the transition say the experience can be both rewarding and frustrating. Page 5

Third-quarter earnings were generally strong for western banks, but local economic conditions caused variations. Page 5

COMMUNITY BANKING

A small Michigan thrift is the first in an expected wave of federally chartered thrifts to apply for the state's new savings bank charter. Page 6

Trust operations are no sleeping matter, writes Paul Nadler. No matter who else is trying to chart your course, if your trust officer is inattentive, your bank is definitely in trouble. Page 7

MORTGAGES

HomeSide Lending is looking for a buyer for its Honolulu Mortgage. HomeSide acquired the company last year, when it took on much of the mortgage business of Barnett Banks. Joe K. Pickett, chairman of the Jacksonville, Fla.-based company, has said HomeSide is intent on expansion and is expecting to originate some $16 billion in loans in the year through February 1997. Page 10

Duff & Phelps Credit Rating issued an upbeat report on the "sovereign risks" presented by securities backed by home loans in foreign countries. Page 11

INVESTMENT PRODUCTS

INSURANCE: The new provider of retirement services to America's Community Bankers wants small banks and thrifts to use its 401(k) plan - and sell it to their small-business customers as well. Page 15

Bank of Boston has teamed up with PaineWebber to market trust products, joining the growing list of banks looking to brokerages to help boost their trust business. Page 16

CREDIT/DEBIT/ATMs

Diebold promoted a high-level executive to president and chief operating officer, a position vacant for two years at the North Canton, Ohio, ATM manufacturer. Page 17

Metris, one of the nation's fastest-growing credit card marketers, is expected to have an initial stock offering Thursday, but not without some controversy. Page 18

TECHNOLOGY

A Stamford, Conn., company received a patent for an electronic commerce system that puts a bank at the center of the entire ordering and transaction process. Page 19

Bank of Montreal will install an imaging system developed by Unisys in its retail lockbox operation. Page 19

FINANCE

Shares of Bankers Trust New York have run hot and cold the last two trading sessions, thanks to earnings season volatility. Back page

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